Oracle of D-Street #RakeshJhunjhunwala is understood to be exploring a plan to back a new, low-fare #airline venture.

He has had preliminary talks for an investment of up to $35 million in the new airline.

#JetAirways founders accused of embezzling funds meant for #airline operations

#SpiceJet insolvency case: India’s #bankruptcy court seeks #airline’s reply on unpaid dues claim

#DGCAIndia puts #flyspicejet under enhanced #surveillance for weeks

✈️Enhanced measure for 3 weeks

✈️#Step taken in the backdrop of various #financial issues the #airline is facing