12 December 2022, etc.venues Monument, London
Business Travel Show Europe, presented by The BTN
21 November, London Hilton Metropole
Troubled Indian airline Spicejet has grounded all flights after oil companies refused to refuel any of its planes.
The country’s fourth largest airline by market share was given a reprieve earlier this week when India’s civil aviation authority asked state-owned oil companies and operators to extend credit to the airline for 15 days, however this was refused.
The ministry said the measures were needed to avoid the carrier collapsing which it said would be a "major setback" for the airline industry.
"Not even a single flight has taken off this morning due to fuel supply issue with the oil companies," sources in the Spicejet told the BBC on Wednesday.
Spicejet has $314m (£200m) in debts and it is looking to raise funds.
In a statement the ministry said: "It (SpiceJet) is a private carrier and government support to the airline will only be limited. Something is being worked out to resolve the SpiceJet crisis in the larger interest of the passengers. All departments are working to find a solution and the solutions will not be for an individual airline but for the entire industry."