New Delhi: Treading the path taken by Kingfisher Airlines, debt-laden SpiceJet, owned by the Chennai-based Sun Group, on Monday called for a bailout from the government. The airline approached the Minister of State for Civil Aviation Mahesh Sharma, seeking urgent financial help to continue its operations.
Incidentally, the plea from SpiceJet came on a day when the Directorate General of Civil Aviation (DGCA) granted the Air Operator Permit to the upcoming Vistara — the joint venture between Tata Sons and Singapore Airlines — which would allow it to begin commercial operation in India.
As senior company officials of SpiceJet approached Sharma requesting “urgent relief”, the minister said that any decision on government support would be taken at the “highest level”. He said the airline’s request would be put before the Prime Minister’s Office, the Finance Ministry and the Ministry of Petroleum and Natural Gas.
15/12/14 Indian Express
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Incidentally, the plea from SpiceJet came on a day when the Directorate General of Civil Aviation (DGCA) granted the Air Operator Permit to the upcoming Vistara — the joint venture between Tata Sons and Singapore Airlines — which would allow it to begin commercial operation in India.
As senior company officials of SpiceJet approached Sharma requesting “urgent relief”, the minister said that any decision on government support would be taken at the “highest level”. He said the airline’s request would be put before the Prime Minister’s Office, the Finance Ministry and the Ministry of Petroleum and Natural Gas.
15/12/14 Indian Express
