New Delhi: The Directorate General of Civil Aviation (DGCA) won't review its decision to impose curbs on SpiceJet until the airline can assure the regulator that it has enough cash to run operations.
"SpiceJet is a concern for us since it's consistently reducing flights. We have taken the decision only after SpiceJet could not show any money coming into the airline. They have been telling us that they are getting funds for the last three months but nothing has happened since then," said a senior DGCA official who did not want to be identified.
Government officials said Spice-Jet may decide on funding for the airline at a board meeting scheduled on Monday. SpiceJet confirmed the meeting but did not comment on the funding aspect.
On Friday, the regulator told SpiceJet to limit advance bookings to a month and withdrew 186 flight slots at various airports across the country. The move came after the troubled airline cancelled flights and moved to reduce its fleet by returning planes to leasing companies.
08/12/14 Mihir Mishra/Economic Times
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"SpiceJet is a concern for us since it's consistently reducing flights. We have taken the decision only after SpiceJet could not show any money coming into the airline. They have been telling us that they are getting funds for the last three months but nothing has happened since then," said a senior DGCA official who did not want to be identified.
Government officials said Spice-Jet may decide on funding for the airline at a board meeting scheduled on Monday. SpiceJet confirmed the meeting but did not comment on the funding aspect.
On Friday, the regulator told SpiceJet to limit advance bookings to a month and withdrew 186 flight slots at various airports across the country. The move came after the troubled airline cancelled flights and moved to reduce its fleet by returning planes to leasing companies.
08/12/14 Mihir Mishra/Economic Times
