Millennium Post

DGCA scraps 186 SpiceJet slots, tells errant private firm to clear staff dues in 10 days

After reviewing the situation facing the no-frill carrier, DGCA chief Prabhat Kumar took a series of decisions, including asking the airline to file a "convincing schedule" by 15 December to clear its over Rs 1,500 crore dues to various vendors including airports and oil companies, official sources said.

The DGCA also directed the airline not to take bookings of flights over one month and refund the booking amount to the customers of cancelled flights in 30 days, they said.

As many as 93 arrival and 93 departure slots were withdrawn by DGCA as the low-cost carrier was operating 232 flights in October, instead of 339 in September, the sources said.

The regulator would from now on also carry out "heightened" surveillance of all SpiceJet flights on landing to ensure that safety is not compromised due to its financial troubles, they said.

The measures came a day after Civil Aviation Minister Ashok Gajapathi Raju said troubled SpiceJet was seeming to "give us heart attacks".

Shares dive nearly 14%

Shares of SpiceJet slumped almost 14 per cent on Friday amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier, even as the company denied any such move.

After plunging 15.13 per cent to Rs 15.70 in intra-day trade, shares of SpiceJet finally ended at Rs 15.95, down 13.78 per cent from its previous close on the BSE.
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