SpiceJet (Delhi) has reported losses in its last five quarters. According to this report by The Economic Times, the airline auditors “in their recent report have cast doubts over the ability of media baron Kalanithi Maran’s budget carrier to run it as a “going concern”. The auditors stated the airline’s total assets are now exceeded by its total liabilities. The airline is also losing pilots at an alarming rate.
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Copyright Photo: Nick Dean/AirlinersGallery.com. Boeing 737-8GJ WL VT-SGF (msn 36367) departs from Paine Field.
SpiceJet aircraft slide show: 
Video: Midair Holi dance by SpiceJet cabin crew:
