Home >Companies >News >AAI defers decision to put SpiceJet on cash and carry mode
SpiceJet carrier reported a net loss of  ₹807.1 crore for the three months ended March 2020, mainly due to coronavirus-induced lockdown that led to travel restrictions. (Mint)
SpiceJet carrier reported a net loss of 807.1 crore for the three months ended March 2020, mainly due to coronavirus-induced lockdown that led to travel restrictions. (Mint)

AAI defers decision to put SpiceJet on cash and carry mode

  • On Wednesday, state-owned AAI had decided to put the carrier on cash and carry mode but the decision was deferred later in the day
  • Under the cash and carry mode, carriers have to make payments on a daily basis to avail services for their flights

Mumbai: Airports Authority of India (AAI) has "deferred" its decision to put SpiceJet 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.

On Wednesday, state-owned AAI had decided to put the carrier on cash and carry mode but the decision was deferred later in the day.

Airlines usually pay monthly charges to airport operators. Under the cash and carry mode, carriers have to make payments on a daily basis to avail services for their flights.

"The Airports Authority of India (has) deferred its decision to put SpiceJet on cash and carry. We continue to have normal operations at all AAI-run airports as before without any impediments," the airline spokesperson told PTI.

The response was for a query on whether AAI has put the airline on cash and carry mode.

AAI had told its regional executive directors on Wednesday to work out modalities for implementing the cash and carry mode for SpiceJet. However, later on Wednesday, the decision was deferred till further orders, according to communications issued by AAI. AAI operates more than 100 airports. The country's major airports at Delhi and Mumbai are operated by private players on public private partnership basis.

On Wednesday, the budget carrier reported a net loss of 807.1 crore for the three months ended March 2020, mainly due to coronavirus-induced lockdown that led to travel restrictions.

It had a net profit of 56.3 crore in the year-ago period.

However, total income in the 2020 March quarter rose to 3,057.3 crore from 2,571.8 crore in the same period a year ago.

For the financial year ended March, the airline's net loss stood at 934.8 crore.

This story has been published from a wire agency feed without modifications to the text.

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