New Delhi: In what is indicative of a break-through in talks between investors for a fund infusion in SpiceJet, former promoter Ajay Singh along with partners met senior officials in the ministry of civil aviation today and apprised them of details regarding recapitalisation of cash-strapped carrier.
While a final meeting between potential investors, SpiceJet executives and civil aviation ministry officials regarding the proposed deal is scheduled to take place early next week, what added weight to Friday’s talks is that the airline mobilised some funds and renewed bank guarantees to Airports Authority of India (AAI).
Assured by the move, the government has now decided to extend the breather on payment of airport charges beyond this week. The moratorium granted to SpiceJet on making payments to the Airports Authority of India (AAI) was set to expire on Jan 10. The airline has dues of around Rs 200 crore pending with various airport operators.
10/01/15 Sharmistha Mukherjee/Indian Express
While a final meeting between potential investors, SpiceJet executives and civil aviation ministry officials regarding the proposed deal is scheduled to take place early next week, what added weight to Friday’s talks is that the airline mobilised some funds and renewed bank guarantees to Airports Authority of India (AAI).
Assured by the move, the government has now decided to extend the breather on payment of airport charges beyond this week. The moratorium granted to SpiceJet on making payments to the Airports Authority of India (AAI) was set to expire on Jan 10. The airline has dues of around Rs 200 crore pending with various airport operators.
10/01/15 Sharmistha Mukherjee/Indian Express
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