Chennai/New Delhi: Cash-strapped carrier SpiceJet has extended its cancellations till next month affecting over 300 flights, but the government on Tuesday made it clear that the airline will have to itself resolve its financial woes.
Meanwhile, the Airports Authority of India (AAI) is likely to put SpiceJet on the pre-payment mode from Wednesday midnight as the earlier deadline of the two-weeks credit window ends on Wednesday.
According to the latest update on the airline's website, over 300 flights have been cancelled till January 31, 2015, which include mostly domestic flights and a few connecting Nepal and Afghanistan.
This follows cancellation of over 1,800 flights, announced earlier this month by the Chennai-based airline, till December 31, 2014.
"We will have to put SpiceJet on cash-and-carry mode from January 1 if we don't receive further orders from the government on the 15-days payment facility by tomorrow," a senior government official said.
The airline will have to furnish bank guarantee for the AAI dues, which stand at Rs 200 crore, to avail parking and landing facilities at various government-run airports from from Thursday, the official said.
30/12/14 PTI/Times of India
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Meanwhile, the Airports Authority of India (AAI) is likely to put SpiceJet on the pre-payment mode from Wednesday midnight as the earlier deadline of the two-weeks credit window ends on Wednesday.
According to the latest update on the airline's website, over 300 flights have been cancelled till January 31, 2015, which include mostly domestic flights and a few connecting Nepal and Afghanistan.
This follows cancellation of over 1,800 flights, announced earlier this month by the Chennai-based airline, till December 31, 2014.
"We will have to put SpiceJet on cash-and-carry mode from January 1 if we don't receive further orders from the government on the 15-days payment facility by tomorrow," a senior government official said.
The airline will have to furnish bank guarantee for the AAI dues, which stand at Rs 200 crore, to avail parking and landing facilities at various government-run airports from from Thursday, the official said.
30/12/14 PTI/Times of India
