NO third attempt if you ask me..
No airline can allow its pilots to cry foul for each and every management decision. Imagine the implications and all. Look where AI and Jet landed up cause of excessive liberties to their pilots.
They already allowed it once when they took the 2nd attempt. The interviews might be fried up but no one is going to accept a mistake already corrected. Once is more than enough. Besides the interview process with every airline is too shady to ever make it fair and honest.
Damn it.
I even have doubts over the fresher exam being delayed to that extent. Spice Q400 fleet is the one of its kind in India. They cant possibly slack off pilot recruitment for this aircraft.
It might be delayed for a month or two.. but definitely not beyond that.
I might be wrong.. just my opinion though..