Pay 20 crore Rs before November 30, AAI to SpiceJet on contributions



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MUMBAI: The Airports Authority of India (AAI) sent a notice to budget carrier SpiceJet controlled by Ajay Singh, asking him to pay 20 crores of rupees no later than November 30 to clear partially contributions, said a source from the IAA.

The authority claims that the airline's fees have exceeded the 80% threshold of its security deposit.

In accordance with AAI standards, all carriers are expected to keep their charges at less than 80% of their security deposit with the state-run aerodrome operator.

Exceptional SpiceJet charges for landing, parking and navigation on the road are currently Rs. 117 crore against a security deposit of Rs. 104 crore, the source said.

"We sent a notice to SpiceJet yesterday (Tuesday) that he will pay 20 crores of rupees no later than November 30 in order to reduce his contributions at the 80% threshold of the deposit," said the source.

When contacted, a SpiceJet spokesperson stated that the airline was making payments to AAI and other suppliers in accordance with the schedule.

"We remain firmly committed to all our obligations," said the spokesman.

In a regulatory document, the airline reiterated its comments as follows: "… it makes its payments on time and we meet all of our contractual obligations."

The Gurugram-based airline, which operates an average of 446 daily flights to 57 destinations, reported a net loss of 389.37 million rupees for the September quarter due to soaring fuel and fuel costs. exchange losses. The company had recorded a net profit of 105.27 billion rupees during the same period last year.

In addition, the airline was also asked to pay at least 2.5 crores of rupees against its daily billing for a faster release of its dues, said the source AAI.

If the carrier does not pay 20 crores of crowns in the time allowed, the IAA may increase the payment amount by 3.5 crore rupees, the source added.

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