Following a significant ₹3,000 crore capital injection, SpiceJet has successfully cleared four months of outstanding salaries and all Goods and Services Tax (GST) liabilities. The airline has also made substantial progress in settling provident fund (PF) contributions, depositing ten months' worth of dues. These financial settlements, alongside agreements with aircraft lessors, mark a crucial step in SpiceJet's efforts to stabilise its operations and plan for future expansion.
SpiceJet announced on Friday that it has cleared all pending salary and GST dues, following the recent infusion of ₹3,000 crore through a Qualified Institutional Placement (QIP) of shares on September 23. The airline, which has been grappling with financial difficulties and legal challenges, has als
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FAQ :
SpiceJet has cleared four months of pending salaries and all Goods and Services Tax (GST) dues. They have also deposited ten months' worth of provident fund (PF) contributions.
The airline was able to clear these dues following an infusion of ₹3,000 crore through a Qualified Institutional Placement (QIP) of shares.
Yes, SpiceJet announced that it has cleared all pending salaries.
SpiceJet has reached settlements with several aircraft lessors, which is a crucial step for rebuilding its fleet.
SpiceJet plans to introduce new aircraft and expand its route network to strengthen its position in the aviation market.