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SpiceJet rescue no fix for India's aviation woes

Even after efforts to trim costs, SpiceJet made a net loss of US$49 million in the quarter ended Sept 30 and its net debt is almost five times as large

Hong Kong

SPICEJET'S woes are all too familiar. India is cajoling banks to lend to the country's second largest single-brand carrier when the debt-ridden airline needs more equity. The government's hope is to save jobs and prevent a repeat of the embarrassing high-profile failure of