Wednesday, April 08, 2015

Double daily payouts to clear R211 cr dues: AAI to SpiceJet

New Delhi: The  Airports Authority of India (AAI) has shot off a letter to no-frills carrier SpiceJet asking it to double daily pay-outs to clear dues pending with the authority.

“SpiceJet has now received all regulatory approvals from the government to go ahead with their revival plan. Money has also started coming in from investors. We have asked them to increase daily payment to clear the outstanding amount. They have dues of over Rs 200 crore pending with us”, said a senior official in AAI.

SpiceJet’s current dues of around Rs 211 crore are much higher than bank gurantees of Rs 82.5 crore it has given to AAI. The airline has been paying around Rs 70 lakh a day to avail of landing and parking facilities at AAI-operated airports. AAI has asked the airline to make daily payments of Rs 1.30 crore to clear pending dues.
The official added, “We have scaled up the payables, SpiceJet would either have to give fresh bank guarantees for outstandings or clear the entire amount over and above daily billings to fly out of our airports.”
08/04/15 Sharmistha Mukherjee/Indian Express
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