SpiceJet Operations are Normalized | Report: Economic Times

NEW DELHI: SpiceJet passengers can expect smooth services across the country on December 19 as the ailing low-cost airline plans to operate 230 flights, the same as it did on the previous day.
The carrier normalised its operations on December 18 after it cleared dues to oil companies and got a 15-day breather from the Airport Authority of India (AAI) and the GMR group, which operates Delhi and Hyderabad airports, for payment of airport charges.

The airline was forced to operate a badly truncated schedule till December 17 due to severe cash crunch that had led to oil companies refusing fuel for its planes.
Delhi airport officials confirmed that the airline has had a fairly smooth schedule, with over eight flights departing since early morning on December 19, although it had to cancel a flight to Dehradun and a flight to Aurangabad got delayed.
Former promoter Ajay Singh and two "blue-chip international investors" are set to pump in about Rs 1,200 crore to rescue the airline which faces a deep financial crisis, according to people familiar with the matter.

While the airline owes over Rs 200 crore to AAI, it owes Rs 55 crore to Delhi and Hyderabad airports. The airline, which used to operate a schedule of 345 flights a day till July, had to curtail its operations after it started returning aircraft to the lessors since October

The airline does not have any firm plans to expand operations, but it will add aircraft to its fleet and increase the number of flights once the investment comes in, one of the persons cited earlier said. 










Courtesy: http://economictimes.indiatimes.com/