New Delhi: After Kingfisher, now cash-strapped budget carrier SpiceJet faces similar issues.
Government has ruled out any bailout measure to SpiceJet. Civil Aviation Minister Ashok Gajapathy Raju justified the actions taken by the Directorate General of Civil Aviation against the airline including withdrawal of its unused slots for flight operations.
Aviation regulator DGCA had yesterday withdrawn 186 of its slots and asked it to clear salary dues of all its employees by December 15.
SpiceJet said surrendering the unused slots to airport operators was a routine practice and it had already paid November salaries to almost 85 per cent of the employees two days ago.
DGCA has asked the airline to file a "convincing schedule" by December 15, to clear its over Rs.1,500 crore dues to various vendors including airports and oil companies as well as stop taking bookings beyond one month among others.
07/12/14 India Today
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Government has ruled out any bailout measure to SpiceJet. Civil Aviation Minister Ashok Gajapathy Raju justified the actions taken by the Directorate General of Civil Aviation against the airline including withdrawal of its unused slots for flight operations.
Aviation regulator DGCA had yesterday withdrawn 186 of its slots and asked it to clear salary dues of all its employees by December 15.
SpiceJet said surrendering the unused slots to airport operators was a routine practice and it had already paid November salaries to almost 85 per cent of the employees two days ago.
DGCA has asked the airline to file a "convincing schedule" by December 15, to clear its over Rs.1,500 crore dues to various vendors including airports and oil companies as well as stop taking bookings beyond one month among others.
07/12/14 India Today
