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SpiceJet CFO Sanjeev Taneja resigns as losses widen

SpiceJet CFO Sanjeev Taneja resigns as losses widen

Spicejet reported a loss of 7.84 billion rupees ($98.61 million) for the quarter ended June 30, compared with a loss of 7.31 billion rupees a year earlier. 

India's SpiceJet CFO Sanjeev Taneja resigns as losses widen (Photo: Reuters) India's SpiceJet CFO Sanjeev Taneja resigns as losses widen (Photo: Reuters)

India's low-cost carrier SpiceJet Ltd said on Wednesday Chief Financial Officer Sanjeev Taneja had resigned amid widening losses and a series of mid-air incidents.

The company reported a loss of 7.84 billion rupees ($98.61 million) for the quarter ended June 30, compared with a loss of 7.31 billion rupees a year earlier. 

The company had also reported a loss 4.85 billion rupees for the quarter ended March, which the company said was delayed due to a cyber security attack.

SpiceJet said it would raise funds up to $200 million. Some banks have raised concerns about loans to the carrier.

Published on: Aug 31, 2022, 8:35 PM IST
Posted by: Tarab Zaidi, Aug 31, 2022, 8:27 PM IST