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Spicejet will no longer operate on a “cash and carry” basis, clears unpaid due to Aai

Airline SpiceJet said on Tuesday that it had settled all outstanding principal debts to the Airports Authority of India (AAI). As a result, AAI will release a bank guarantee of 50 crore which will provide additional liquidity to the company.

The AAI had previously placed SpiceJet’s operations on a “pay and cookie-cutter” basis, possibly due to the carrier’s non-payment of airport charges. SpiceJet will no longer remain on a “cash and carry” basis at airports operated by AAI. The company said it would revert to the prepayment mechanism for daily flight operations.

Previously, in light of multiple incidents of technical malfunction reported between April 1 and July 5, the Directorate General of Civil Aviation (DGCA) had, on July 27, acted on its show cause notice to SpiceJet and reduced the airline operations to 50% of its current business. departures approved under the summer schedule.

The aviation regulator had issued a show cause notice to the airline saying it had failed to “establish safe, efficient and reliable air services”.

First post: STI

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