Sunday, December 14, 2014

SpiceJet to Receive funds from Promoter, Says Airline to DGCA

Financially strapped SpiceJet assured the government that its  promoter, Sun Group, will infuse funds into the airline.
However, the sum has not been revealed by the airline.
The management team of the beleaguered airline promised to submit a detailed plan on the airline's revival on Monday, in line with the deadline set by the Directorate General of Civil Aviation (DGCA.)

SpiceJet COO Sanjiv Kapoor met the civil aviation secretary V Somasundaran on Friday, and reiterated that the promoters remained committed to the airline's future.

He contended the figures quoted by media houses, adding that lessors are owed around  Rs. 200 crore, against the 700 crore making the rounds. Government sources put the figure at Rs.1,630 crore, according to the filing with DGCA.
13/12/14 Kuganandhan Paramanandan/International Business Times
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