SpiceJet reverts to normal operation with all AAI dues cleared

On Tuesday, SpiceJet Airlines announced their full and final settlement with the Airports Authority of India (AAI), clearing all outstanding principal dues of the airport operator.

Reverting to an advance payment mechanism for daily flight operations, SpiceJet is now free from 'cash and carry' basis at AAI-run airports across the country.

• SpiceJet's ability to clear the pending dues reflects the airline's recent improvement in cash flow.

In another big boost for the airline, AAI will release SpiceJet's Rs 50 crore bank guarantee following the airline clearing all its principal dues. This will result in additional liquidity for the airline, SpiceJet said in a statement.

• SpiceJet has flown with the highest passenger load factor in the Indian skies for a record seven years since 2015.

SpiceJet's domestic network covers the length and breadth of the country with the airline operating to 51 domestic destinations adding more destinations like Pakyong, Jharsuguda, Kandla, Darbhanga, Kanpur, Ajmer (Kishangarh), among others.

The airline's focus on providing direct flight connectivity to regional hubs not only ensures better connectivity, it also has a cascading effect on tourism and economic activity in the region.