New Delhi: The civil aviation regulator on Tuesday asked beleagured low-cost carrier SpiceJet to submit a revival plan with details of how the carrier proposes to recapitalise itself and repay its dues by December 15.
A top civil aviation ministry official said that the airline must clear dues of about R200 crore to the Airports Authority of India (AAI) by Wednesday.
COO Sanjiv Kapoor and Sun Group CFO SL Narayan met the DGCA on Tuesday evening and have sought a meeting with aviation minister P Ashok Gajapathi Raju.
The airline also withdrew all bookings beyond 30 days after being warned by the DGCA on Monday that it would issue a show-cause notice for non-compliance of its order. A DGCA official said that the aviation regulator remains unconvinced about SpiceJet’s chances of survival. “There is no change in status. We have asked them for a concrete revival plan,” he said.
10/12/14 Financial Express
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A top civil aviation ministry official said that the airline must clear dues of about R200 crore to the Airports Authority of India (AAI) by Wednesday.
COO Sanjiv Kapoor and Sun Group CFO SL Narayan met the DGCA on Tuesday evening and have sought a meeting with aviation minister P Ashok Gajapathi Raju.
The airline also withdrew all bookings beyond 30 days after being warned by the DGCA on Monday that it would issue a show-cause notice for non-compliance of its order. A DGCA official said that the aviation regulator remains unconvinced about SpiceJet’s chances of survival. “There is no change in status. We have asked them for a concrete revival plan,” he said.
10/12/14 Financial Express
