Mumbai: Cash-strapped SpiceJet's troubles seem to be far from over as the AAI has agreed to extend credit facility to the airline only for 15 days till December 31.
"The relief has been given only till December. If the airline does not want to be asked for a payment before flying in or out of any AAI-run airport in the country, it will have to show some funds in its account," government sources said.
The airline, which was availing fuel supply by the oil marketing firms on cash-and-carry mode for the last six months, got a reprieve early this week from both the oil companies as well as Airports Authority of India (AAI) after the Civil Aviation Ministry stepped-in, requesting them to extend upto 15 days credit facility to avert the airline from being shutdown.
SpiceJet's totally liabilities stands at Rs 2,000 crore including due to the AAI. Meanwhile, its operations continued to be hit today with most of its flights from here and Mumbai getting delayed even as the airline claimed it was operating full curtailed schedule of 230 flights per day.
19/12/14 PTI/Daily News & Analysis
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"The relief has been given only till December. If the airline does not want to be asked for a payment before flying in or out of any AAI-run airport in the country, it will have to show some funds in its account," government sources said.
The airline, which was availing fuel supply by the oil marketing firms on cash-and-carry mode for the last six months, got a reprieve early this week from both the oil companies as well as Airports Authority of India (AAI) after the Civil Aviation Ministry stepped-in, requesting them to extend upto 15 days credit facility to avert the airline from being shutdown.
SpiceJet's totally liabilities stands at Rs 2,000 crore including due to the AAI. Meanwhile, its operations continued to be hit today with most of its flights from here and Mumbai getting delayed even as the airline claimed it was operating full curtailed schedule of 230 flights per day.
19/12/14 PTI/Daily News & Analysis
