New Delhi: The parent of loss-making SpiceJet Ltd cannot make large investment into the carrier and can do no more than provide a guarantee for a bank loan needed to keep the airline from collapsing, said Sun Group chief financial officer.
"We do not have the liquidity to invest large sums at the time which is why we need bank financing. For which the promoters are willing to provide a guarantee. We cannot do more than this," SL Narayanan said on Wednesday.
SpiceJet was forced to ground its entire fleet on Wednesday after oil companies, which are owed money by the airline, refused to refuel its planes.
17/12/14 Times of India
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"We do not have the liquidity to invest large sums at the time which is why we need bank financing. For which the promoters are willing to provide a guarantee. We cannot do more than this," SL Narayanan said on Wednesday.
SpiceJet was forced to ground its entire fleet on Wednesday after oil companies, which are owed money by the airline, refused to refuel its planes.
17/12/14 Times of India
