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From bad to worse: Private SpiceJet extends cancellations to January 31

From bad to worse: Private SpiceJet extends cancellations to January 31
As it awaits the much-needed capital to come out of the persisting financial crunch, air carrier SpiceJet has extended its flight cancellations till next month, affecting at least 329 flights.

This follows cancellation of over 1,800 flights, announced earlier this month by the Chennai-based airline, till December 31, 2014.

According to the latest update on the airline's website, over 300 flights have been cancelled till January 31, 2015, which include mostly domestic flights and a few connecting Nepal and Afghanistan. The airline, currently part of Kalanithi Maran-led Sun Group, has been going through turbulent times in recent months, mostly due to its growing financial troubles, while there have been talks of its original co-founder Ajay Singh coming back for its rescue.

Minister Raju asks mismanaged airline to resolve financial problems by itself

Troubled carrier SpiceJet will have to itself resolve its financial problems and the government can only help in the process, Civil Aviation Minister Ashok Gajapathi Raju said on Tuesday.

“The government is here to be helpful and the government can be helpful but the SpiceJet problem is its finances which it will have to sort out,” he told reporters on the sidelines of the State Aviation Ministers’ meet here to discuss the Draft Civil Aviation Policy. He said the ministry was looking forward to suggestions from the state governments and discussions were underway with all the stakeholders to arrive at a policy which would bring back growth in the aviation sector.

“Policy is a continously evolving process,” Raju said, adding it would be put in place once the responses from the state governments and other stakeholders were recieved. Noting that the jet fuel prices contributed majorly to an airline’s operating cost, the minister said that while some states have brought down taxes on the aviation turbine fuel, others have not done so.
PTI

PTI

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