Informed opinion?
NG Expat, thank you so much for your opinion. However, absence of any pertinent points of what he did or attempted to do or his direct or indirect involvement in an airlines insolvency makes it appear that you're grinding an axe vis-a-vis helping anyone.
I personally believe that Spice is one of the few airlines in India whos existence will keep IndiGo honest and that for one is an important reason why I believe the airline should prosper.
More than 20 captains have quit spice for better prospects(flyDubai and a couple to Qatar) in the past month or so. Some have quit without an offer in hand as well. I'm sure that is a better indicator of things than anything else.