New Delhi:SpiceJet has reportedly sought an additional time to reply to clarifications sought by civil aviation regulator DGCA as part of the latter’s financial audit of airlines. The DGCA is conducting a financial audit of airlines and loss-making airlines such as SpiceJet are under the scanner on the issue of acute financial stress.
Sources said SpiceJet is expected to declare its financial results soon and the airline has sought some time from the DGCA to answer its queries which has been granted. Speculation is rife that the promoters of SpiceJet are keen on selling stake and finding a buyer for the cash strapped carrier.
Government sources had said that SpiceJet is in losses and that the government is aware that frequent promotional fare offers by the carrier are a way to mop up money quickly to meet working capital requirements.
08/08/14 Deccan Chronicle
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Sources said SpiceJet is expected to declare its financial results soon and the airline has sought some time from the DGCA to answer its queries which has been granted. Speculation is rife that the promoters of SpiceJet are keen on selling stake and finding a buyer for the cash strapped carrier.
Government sources had said that SpiceJet is in losses and that the government is aware that frequent promotional fare offers by the carrier are a way to mop up money quickly to meet working capital requirements.
08/08/14 Deccan Chronicle
