SpiceJet has to pay cash upfront for the use of the airports. Friday, July 31, 2020. However, the airline selected to say that it was enterprise as traditional for them. However, the airline chose to say that it was business as usual for them. The cash and carry format implies that credit facility by the AAI has been withdrawn now Spicejet has to pay every day to the AAI for airport user fees.The Airports Authority of India (AAI) has put SpiceJet operations across the country on a "cash and carry basis", presumably due to the carrier's inability to clear airport dues. carrier's inability to clear airport dues. SpiceJet has to pay cash upfront for the use of the airports.A cash and carry status implies financial stress for the airline and the aviation sector has been reeling under stress since the Covid-19 pandemic grounded most operations.A similar notice by the AAI had been issued to SpiceJet in December 2014 when the airline was facing a financial crunch and was unable to pay salaries.In the time of the pandemic, some airlines have resorted to lay offs and pay cuts as airline traffic is nowhere near normal and international flights remain grounded or truncated in most countries. On May 28, SpiceJet posted a 22% rise in net profit to ₹ 56.3 crore in the three months ended March as higher fares helped the airline amid a capacity crunch in the domestic aviation market. SpiceJet has to pay cash upfront for the use of the airports. AAI defers decision to put SpiceJet on cash and carry mode Thursday, July 30, 2020 Mumbai: Airports Authority of India (AAI) has "deferred" its decision to put SpiceJet NSE -0.95 % on cash and carry mode till further notice and operations of the carrier continue to be normal as before, an airline spokesperson said on Thursday. A similar notice by the AAI had been issued to SpiceJet in December 2014 when the airline was facing a financial crunch and was unable to pay salaries. airports with effect from 0001 hours on July 30, 2020." We continue to have normal operations at all AAI-run airports as before without any impediments," the company spokesperson said.The AAI order was to be effective from Thursday. SpiceJet sale 2020 update: The DGCA referred to the government-imposed fare limits, and asked SpiceJet to stop the sale, the report said. However, the decision has been deferred after the airline requested for time to work out the modalities for implementing the cash and carry regime. The cash and carry format implies that credit facility by the AAI has been withdrawn because SpiceJet could not clear dues and now they have to pay every day to the AAI for airport user fees in order to continue operations. The Airports Authority of India (AAI) has put SpiceJet operations throughout the nation on a “cash and carry basis”, presumably as a result of provider’s incapability to clear airport dues. Business Standard is happy to inform you of the launch of "Business Standard Premium Services"As a premium subscriber you get an across device unfettered access to a range of services which include:Welcome to the premium services of Business Standard brought to you courtesy FIS. A cash and carry status implies financial stress for the airline and the aviation sector has been reeling under stress since the Covid-19 pandemic grounded most operations. About 15 per cent of the workforce, comprising pilots and senior management, still hasn’t been paid. "The circular stated that this decision may be informed to officials of SpiceJet at respective stations and airports to make necessary arrangements to deposit the required amount at the respective stations for day-to-day operations.The cash and carry format implies that credit facility by the AAI has been withdrawn because SpiceJet could not clear dues and now they have to pay every day to the AAI for airport user fees in order to continue operations. In a circular to the airports of Kolkata, Delhi, Guwahati, Chennai and Mumbai, the AAI said: "The competent authority has approved to put the operation of SpiceJet Ltd on cash and carry basis out of all AAI airports with effect from 0001 hours on July 30, 2020. However, the airline chose to say that it was business as usual for them.

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