Gets six-week breather; in fresh trouble as DGCA withdraws 186 of its slots and asks the airline to clear salary dues of all its employees in the next 10 days
Troubled budget airline SpiceJet Ltd got a breather on Friday after Union aviation minister Ashok Gajapathi Raju intervened and asked the state-owned vendors to go easy with the airline on getting assurance that things would improve at the airline in six weeks.
An industry source, who did not want to be named, said the minister's dictate to the public sector undertakings (PSUs) came after his meeting with SpiceJet's senior officials, who have given a commitment that they will improve the airline's financial condition within six weeks.
"The minister has asked the government agencies to go slow on SpiceJet and wait for another six weeks before taking any harsh action," he said.
SpiceJet's chief operating officer (COO) Sanjiv Kapoor confirmed the development to dna saying, "We are not on cash and carry with AAI."
06/12/14 Praveen Sharma/Daily News & Analysis
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Troubled budget airline SpiceJet Ltd got a breather on Friday after Union aviation minister Ashok Gajapathi Raju intervened and asked the state-owned vendors to go easy with the airline on getting assurance that things would improve at the airline in six weeks.
An industry source, who did not want to be named, said the minister's dictate to the public sector undertakings (PSUs) came after his meeting with SpiceJet's senior officials, who have given a commitment that they will improve the airline's financial condition within six weeks.
"The minister has asked the government agencies to go slow on SpiceJet and wait for another six weeks before taking any harsh action," he said.
SpiceJet's chief operating officer (COO) Sanjiv Kapoor confirmed the development to dna saying, "We are not on cash and carry with AAI."
06/12/14 Praveen Sharma/Daily News & Analysis
