NEW DELHI: Airports Authority of India (AAI) has decided to put SpiceJet on cash-and-carry from all its airports because of mounting dues from the stressed airline.
\n\u201c\u2026competent authority has approved to put the operation of SpiceJet on Cash & Carry basis out of all AAI Airports with effect from 12.01 am of July 30. \u2026SpiceJet\u2026 to make necessary arrangement to deposit the required amount at the respective Stations for day-to-day operation,\u201d an AAI order says.
\nOn its part, the airline\u2019s spokesman said: \u201cThe Airports Authority of India deferred its decision to put SpiceJet on cash and carry. We continue to have normal operations at all AAI-run airports as before without any impediments.\u201d
\nSpiceJet had on Wednesday reported its highest ever quarterly loss of Rs 807 crore for the January-March, 2020, period. Audit firm S R Batloboi & Associates LLP\u2019s note with the airline\u2019s result has cast doubt on the going concern status of the airline. The budget airline is yet to report the result of Q1 (April-June) for the current fiscal.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: Airports Authority of India (AAI) has decided to put SpiceJet on cash-and-carry from all its airports because of mounting dues from the stressed airline. \u201c\u2026competent authority has approved to put the operation of SpiceJet on Cash & Carry basis out of all AAI Airports with effect from 12.01 am of July 30. \u2026SpiceJet\u2026 to make necessary arrangement to deposit the required amount at the respective Stations for day-to-day operation,\u201d an AAI order says. On its part, the airline\u2019s spokesman said: \u201cThe Airports Authority of India deferred its decision to put SpiceJet on cash and carry. We continue to […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-365725","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=365725"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365725\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}