Shares of SpiceJet were volatile on Wednesday after reports that the operator of Delhi airport was pressing the carrier to pay off its outstanding dues.
What Happened: Delhi International Airport Ltd (DIAL), which operates the Indira Gandhi International Airport, has requested SpiceJet to settle its outstanding dues as soon as possible, according to a report from PTI on Tuesday. While the exact amount owed by the airline is not yet clear, reports suggest DIAL is urging prompt payment.
Despite these reports, SpiceJet has dismissed any immediate concerns about its payments, stating that the airline is continuing its operations as usual. A SpiceJet spokesperson confirmed that all payments to DIAL are being made according to its regular schedule and denied any claims of a two-day payment deadline.
The airline described its communications with DIAL as routine and asserted that there are no pressing issues regarding dues.
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Prolonged Troubles: Currently, SpiceJet is operating with a reduced fleet of about 22 planes due to ongoing financial and legal challenges.
This is not the first time the airline has faced such issues. On August 12, Mumbai airport operator MIAL withdrew an advisory about potential flight disruptions involving SpiceJet after the airline resolved a minor financial matter.
Additionally, the Directorate General of Civil Aviation (DGCA) said at the end of last month that SpiceJet would be subjected to increased spot checks and night surveillance to ensure safety compliance as part of its ongoing scrutiny of the airline’s operations.
SpiceJet, which has been grappling with financial and legal difficulties, remains under enhanced surveillance by the DGCA. The airline is working to address these challenges while continuing its operations, but its financial position remains a point of concern in the aviation sector.
Price Action: SpiceJet’s share price was up 0.21% at ₹61.81 in early trade on Wednesday, though the stock was volatile, dipping briefly into the red.
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