Tuesday, December 23, 2014

SpiceJet's dues grew to Rs 1230 crore in 18 days till December

New Delhi: Troubled budget carrier SpiceJet's dues to foreign and Indian vendors, airport operators and oil companies grew swiftly from Rs 990 crore to Rs 1,230 crore in a matter of 18 days till December 10, Lok Sabha was informed today.

The airline's dues to foreign vendors, including lessors of aircraft and maintenance, repairs and overhaul (MRO) facilities, rose from Rs 624 crore on November 24 to Rs 670 crore on December five and Rs 742 crore on December 10, Minister of State for Civil Aviation Mahesh Sharma said.

Replying to a written question, he said the airline's outstandings to Indian vendors, including oil companies, Airports Authority of India, private airport operators and ground handling agencies, stood at Rs 366 crore on November 24, rose to Rs 395 crore on December five and Rs 488 crore on December 10.

The total number of SpiceJet aircraft fell from 35 on November 24 to 30 on December 10, while the number of its pilots declined by 10 between November 24 and December five, Sharma said.
22/12/14 PTI/Economic Times
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