New Delhi: Budget passenger carrier SpiceJet Friday refuted allegations that its operations have been placed by the airport operator on cash-and-carry mode.
"Setting the record straight: SpiceJet is not on cash-and-carry with the AAI," the company's chief operating officer Sanjiv Kapoor said on micro-blogging site Twitter.
The development comes amidst reports that the state-run Airports Authority of India (AAI) has placed the airline on a cash-and-carry mode.
Airlines usually pay monthly charges to the airport operators. But under the cash-and-carry mode they have to make daily payments for operations.
In the cash-and-carry mode, the airline has to pay every time it uses various facilities of the airport. This includes the navigation, luggage handling, parking, housing and landing charges of the aircraft as well as the ticketing counters.
The airline recently reported a Rs.310 crore loss in the quarter ended September from Rs.560 crore loss in the corresponding period of last fiscal.
05/12/14 IANS/Business Standard
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"Setting the record straight: SpiceJet is not on cash-and-carry with the AAI," the company's chief operating officer Sanjiv Kapoor said on micro-blogging site Twitter.
The development comes amidst reports that the state-run Airports Authority of India (AAI) has placed the airline on a cash-and-carry mode.
Airlines usually pay monthly charges to the airport operators. But under the cash-and-carry mode they have to make daily payments for operations.
In the cash-and-carry mode, the airline has to pay every time it uses various facilities of the airport. This includes the navigation, luggage handling, parking, housing and landing charges of the aircraft as well as the ticketing counters.
The airline recently reported a Rs.310 crore loss in the quarter ended September from Rs.560 crore loss in the corresponding period of last fiscal.
05/12/14 IANS/Business Standard
