New Delhi: Rescued budget airline SpiceJet on Tuesday cleared all tax dues a day after Kalanithi Maran transferred his 58.46 per cent stake to new owner Ajay Singh.
The airline paid the last tranche of Rs 100 crore towards tax deducted at source on Tuesday, while service tax dues were cleared a few weeks ago.
The development came on a day the airline received its first tranche of investment of Rs 400 crore from Singh.
SpiceJet also offered 100,000 seats starting at Rs 1,699 in a new flash sale for tickets booked by February 26 for travel between March 1 and April 20.
“SpiceJet is today fully current on all service tax and TDS dues, a key step in the revival plan,” Sanjiv Kapoor, the airline’s chief operating officer, said in an email to employees.
“This is the first step in our settling payables to various creditors. We have also paid all salaries to our staff and have started making meaningful payments to our other business partners,” added Kiran Koteshwar, SpiceJet’s acting chief financial officer, in a statement.
25/02/15 Roudra Bhattacharya/Business Standard
The airline paid the last tranche of Rs 100 crore towards tax deducted at source on Tuesday, while service tax dues were cleared a few weeks ago.
The development came on a day the airline received its first tranche of investment of Rs 400 crore from Singh.
SpiceJet also offered 100,000 seats starting at Rs 1,699 in a new flash sale for tickets booked by February 26 for travel between March 1 and April 20.
“SpiceJet is today fully current on all service tax and TDS dues, a key step in the revival plan,” Sanjiv Kapoor, the airline’s chief operating officer, said in an email to employees.
“This is the first step in our settling payables to various creditors. We have also paid all salaries to our staff and have started making meaningful payments to our other business partners,” added Kiran Koteshwar, SpiceJet’s acting chief financial officer, in a statement.
25/02/15 Roudra Bhattacharya/Business Standard
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