SpiceJet operations grounded as oil companies stop fuel supply

Mangalore Today News Network

New Delhi, Dec 17, 2014: Trouble for the beleagured low-cost airlines SpiceJet deepened on Wednesday with their operations being grounded as oil companies stop fuel supply, airport sources said.

Cash-strapped budget carrier SpiceJet was given 10 days interim relief by the civil aviation ministry Tuesday, as its promoters were told to infuse fresh equity.

According to senior ministry officials, a period of 10 days has been given to SpiceJet to get funding, after which the government might consider its plea for further relief.

The decision comes a day after the company submitted an operations plan for safety and financial revival to the industry regulator.

The company’s top management had also met Civil Aviation Minister Ashok Gajapati Raju Pusapati and his deputy Minister of State for Civil Aviation Mahesh Sharma Monday for relief.

The airline has been asking for more time from oil companies and airport operators to pay their dues.

 

Courtesy: Zeenews