SpiceJet to lay off 1400 employees to meet cash crunch

Team Blitz India NEW DELHI: SpiceJet is reportedly laying off 1,400 employees, about 15% of its workforce, to meet a cash crunch and attract investor interest. The airline currently has 9,000 employees and operates about 30 planes. Of these, eight are wet-leased from foreign carriers, along with crew and pilots. The budget carrier has reportedly…