SpiceJet Shares Slump By 40% After Several Technical Safety Margins Issues

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.  The airlines' shares on July 6, closed at 39%, hours after SpiceJet received a show-cause notice by the Director-General of Civil Aviation, over safety margin issues. Notably, in the past 18 days, the airlines faced several technical glitches, risking lives, with emergency landings.