New Delhi: Budget carrier SpiceJet continues to run its operations on the cash generated by the advanced bookings with no "indication" of the proposed investment of Rs 1,500 crore from the new promoter having come in, sources said today.
The airline, meanwhile, announced enhanced services both on the domestic and international routes as well as suspension of its flights from six cities during the summer schedule, which commences from March-end.
The Ministry has also not received any fresh communication from SpiceJet, which is in the process of change in management control, on its revival plan.
"No indication of money put in by Ajay Singh and co...Spicejet using cash generated from advance bookings for day-to-day operations," official sources said.
Last week, SpiceJet had said the first tranche of recapitalisation would happen "very soon."
18/02/15 PTI/NDTV
The airline, meanwhile, announced enhanced services both on the domestic and international routes as well as suspension of its flights from six cities during the summer schedule, which commences from March-end.
The Ministry has also not received any fresh communication from SpiceJet, which is in the process of change in management control, on its revival plan.
"No indication of money put in by Ajay Singh and co...Spicejet using cash generated from advance bookings for day-to-day operations," official sources said.
Last week, SpiceJet had said the first tranche of recapitalisation would happen "very soon."
18/02/15 PTI/NDTV
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