Tuesday, December 18, 2018

Airports Authority of India Asks SpiceJet to Make Immediate Payment of Rs 28.5 crore

New Delhi: The Airports Authority of India (AAI) has asked SpiceJet to make bullet payment of around Rs 28.5 crore immediately in order to reduce the outstanding dues, which currently stand at nearly Rs 115 crore, sources told CNBC-TV18.
SpiceJet's outstanding towards landing, parking and route navigation charges increased to a large extent between September and October when oil prices went sharply up and rupee depreciated rapidly.
In November, CNBC-TV18 had reported that the airline was asked to deposit Rs 20 crore by November 30 to bring its dues under the 80 percent threshold of the security deposit. The AAI had asked the airline to deposit Rs 2.5 crore per day in addition to the Rs 20 crore.
"Rs 20 crore amount was paid. They have been making a payment of Rs 2.5 crore every day, out of which Rs 2 crore will cater to their regular monthly payment and balance to reduce the outstanding dues. We are hopeful that by March, this outstanding amount will come down substantially," a person familiar with the matter told CNBC-TV18.
18/12/18 News18.com
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