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AAI permits SpiceJet to maintain flying regardless of pending dues after service posts big loss – enterprise information


Mumbai: SpiceJet, which is among the many final of the low-cost airways within the nation and introduced a web lack of Rs 934.eight crore for the 12 months 2019-2020, has been allowed to function usually by the Airports Authority of India (AAI) until additional discover.

The choice comes after SpiceJet wrote to AAI asking them for extra time to work out the modalities to pay pending dues.

The event comes after AAI issued a letter to all regional government administrators and all its different division heads, together with SpiceJet’s chairman and managing director (CMD) informing that the low price service must begin paying earlier than working every of their flight in all of the airports managed by AAI throughout the nation.

The letter had said that the airline must pay in money, from midnight on Thursday, to function its flights because it had didn’t clear dues in direction of parking and touchdown costs at numerous airports regardless of being reminded repeatedly.

The AAI letter dated July 29, a replica of which is with HT, states that it had despatched numerous emails to the airline as a reminder to clear its dues however because the airline had didn’t pay its pending costs it was implementing a money and carry coverage for the airline. It didn’t say how a lot dues have been pending.

However the AAI relented after a request from SpiceJet and issued a press release saying, “The choice to place the All India Operation of M/s SpiceJet on Money and Carry with impact from 0001 hrs of 30th July 2020 is deferred until additional orders.”

A SpiceJet spokesperson stated, “The Airports Authority of India deferred its choice to place SpiceJet on money and carry. We proceed to have regular operations in any respect AAI-run airports as earlier than with none impediments.”

On Wednesday, SpiceJet had introduced losses of Rs 807.1 crore within the March quarter of the 2019-20 monetary 12 months as towards a web revenue of Rs 56.three crore a 12 months in the past.

For the entire of 2019-20, web loss stood at Rs 934.eight crore towards a web lack of Rs 316.1 crore in 2018-19.

SpiceJet is the second airline that AAI put beneath money and carry after it first put Air India in the identical bracket the place the airline must pay to fly.

Within the first week of July, Air India too was introduced to be placed on money and carry mode by the AAI in Ahmedabad, Bhubaneswar, Chennai and Kolkata airports from July 7.

The choice was taken owing to their lengthy pending dues. Nonetheless, this choice too was deferred after Air India payed a small quantity of the entire dues and even wrote to the AAI to permit them extra time.

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