{"id":511416,"date":"2022-08-03T11:40:39","date_gmt":"2022-08-03T06:10:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=511416"},"modified":"2022-08-03T11:40:39","modified_gmt":"2022-08-03T06:10:39","slug":"spicejet-clears-dues-will-no-longer-operate-on-cash-carry-basis-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-clears-dues-will-no-longer-operate-on-cash-carry-basis-2\/","title":{"rendered":"SpiceJet clears dues, will no longer operate on \u2018cash &amp; carry\u2019 basis"},"content":{"rendered":"<p>SpiceJet on Tuesday said it has cleared all outstanding dues and will no longer operate on the \u201ccash and carry\u201d basis at the Airports Authority of India (AAI) run airports across the country by reverting to advanced payments for flight operations.<\/p>\n<p>\u201cSpiceJet\u2019s ability to clear the pending dues reflects the airline\u2019s improved cash flow in recent times. In another big boost for the airline, AAI will release SpiceJet\u2019s INR 50 crore bank guarantee following the airline clearing all its principal dues. This will result in additional liquidity for the airline,\u201d an airline spokesperson said.<\/p>\n<p>The airline said SpiceJet has flown with the highest passenger load factor for a record seven years and has recorded the highest occupancy among Indian domestic airlines since April 2015. \u201cThe airline also holds the envious distinction of having flown with a Passenger Load Factor (PLF) of more than 90% for a record 58 consecutive months,\u201d the spokesperson said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpiceJet on Tuesday said it has cleared all outstanding dues and will no longer operate on the \u201ccash and carry\u201d basis at the Airports Authority of India (AAI) run airports across the country by reverting to advanced payments for flight operations. \u201cSpiceJet\u2019s ability to clear the pending dues reflects the airline\u2019s improved cash flow in recent times. In another big boost for the airline, AAI will release SpiceJet\u2019s INR 50 crore bank guarantee following the airline clearing all its principal dues. This will result in additional liquidity for the airline,\u201d an airline spokesperson said. The airline said SpiceJet has flown [&hellip;]<\/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":[184,141,130],"tags":[],"class_list":["post-511416","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-hindustantimes","category-hindustantimes","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511416","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=511416"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511416\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=511416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=511416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=511416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}