SpiceJet on Tuesday said it has entered into an agreement with the Airports Authority of India (AAI) and cleared all outstanding principal dues of the airport operator.
“With this, SpiceJet will no longer remain on ‘cash and carry’ at AAI-run airports across the country and will revert to advance payment mechanism for daily flight operations,” the airline’s statement noted.
The Centre-run AAI had in 2020 put SpiceJet on a ‘cash and carry’ basis as the carrier was unable to clear its previous dues.
In the ‘cash and carry’ model, the airline has to make daily payments to the AAI for various charges — navigation, landing, parking, and others — to operate flights.
