New Delhi: In a major relief to the budget carrier SpiceJet, DGCA on Thursday allowed the airline to accept advance bookings beyond March 31 even as the government gave initial nod to its revival plan, which has now been referred to market regulator Sebi to examine whether the funding by the new promoters requires open offer.
The airline's Chief Operating Officer Sanjiv Kapoor said that the Directorate General of Civil Aviation's decision would "aid cash flow and the revival process". DGCA had earlier restricted SpiceJet to take advance bookings only up to March 31, following financial crisis in the airline, which led to cancellation of its flights in large numbers and curtailment of operations.
22/01/15 PTI/IBN Live
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The airline's Chief Operating Officer Sanjiv Kapoor said that the Directorate General of Civil Aviation's decision would "aid cash flow and the revival process". DGCA had earlier restricted SpiceJet to take advance bookings only up to March 31, following financial crisis in the airline, which led to cancellation of its flights in large numbers and curtailment of operations.
22/01/15 PTI/IBN Live
