2 Aug 2022 , 10:43 AM
With this, SpiceJet will not be required to remain on ‘cash and carry' at AAI-run airports across the country and will set back its position to advance the payment mechanisms for daily flight operations.
As SpiceJet has cleared the pending dues, it reflects improved cashflows for the airline.
In another good news for the airline, the authority has agreed to release the Rs50 crore bank guarantee following clearance of all principal dues. This will create additional liquidity for the airline.
SpiceJet's domestic network spans the entire country, with the airline serving 51 domestic destinations.
SpiceJet, the country's largest regional player, is a pioneer of the regional connectivity scheme, connecting the country's most remote parts by air.
As the lockdown impacted major companies in the tourism and aviation sector, SpiceJet is all set to make a comeback after two gloomy years.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.