SpiceJet is expected to present a complete payment plan to state-owned Airports Authority of India (AAI) on Monday, to avoid being put on a cash and carry mode that could severely impact daily operations, Business Standard has learnt from sources in the aviation ministry.
The payments to AAI will be made a day after the airline gets the second tranche of investments worth Rs 400 crore from founder-promoter Ajay Singh on Sunday. Of the Rs 1,500-crore investments announced under a government-approved revival plan, the first tranche of Rs 100 crore is believed to have been paid in January.
13/02/15 Roudra Bhattacharya/Business Standard
The payments to AAI will be made a day after the airline gets the second tranche of investments worth Rs 400 crore from founder-promoter Ajay Singh on Sunday. Of the Rs 1,500-crore investments announced under a government-approved revival plan, the first tranche of Rs 100 crore is believed to have been paid in January.
13/02/15 Roudra Bhattacharya/Business Standard
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