SpiceJet, an Indian airline is facing a rough time after shares slump to 40% from the previous 69%, amid recent negligence in safety margins in 2022.
Notably, the airlines’ shares closed at 39% on the 6th of July, hours after SpiceJet received a show cause notice from the Director-General of Civil Aviation (DGCA) of India. On the 6th of July, the DGCA issued a notice to SpiceJet over safety margins negligence. The notice was in the view of constant mid air glitches, careless safety checks prior to taking off and emergency landings, after technical glitches.
It is to be noted, in the past 18 days, the airlines faced several technical glitches, risking lives, with emergency landings. Getting into the details, a Boeing 737 freighter (cargo plane) operated by SpiceJet was supposed to fly from Kolkata to Chongqing on the 5th of July. However, the pilot in control chose to land back in Kolkata after takeoff when the weather radar stopped functioning. The incident was confirmed by a SpiceJet spokesperson, after a safe landing in Kolkata.
This was the 8th such incident in the past 18 days, prior to this, on the 5th of July, Tuesday, SpiceJet’s Q400 plane conducted a priority landing in Mumbai, after the windshield cracked mid-air.
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