VP Cargo and Logistics has left SpiceJet
India’s SpiceJet to pursue separate AOC for cargo unit
16.08.2021 – 01:12 UTC
India’s Minister of Civil Aviation VK Singh has said that SpiceXpress & Logistics, the cargo division of SpiceJet (SG, Delhi Int’l), is among four companies that have applied for no-objection certificates to launch scheduled air operations.
Singh underlined during a hearing in the Lok Sabha, the Indian parliament, that the application was necessary to proceed with the launch of a scheduled airline. However, non-scheduled operations can be permitted without such a document.
While he did not go into any further details, the application indicates that SpiceJet’s cargo subsidiary, in addition to being a company separate to its mainline parent, will also have its own AOC. Currently, the LCC operates three B737-700 (BDSF) s and two B737-800 (BCF) s under its own AOC alongside its passenger aircraft, even though they are branded separately. SpiceJet did not respond to ch-aviation’s request for comment.
Singh also said that Jet Freight, a Mumbai-based freight forwarder, has also applied for a no-objection certificate. It too did not respond to ch-aviation’s query.
The other two companies in the process of obtaining …
India’s SpiceJet defaults on daily airport fees – report
09.08.2021 – 00:00 UTC
SpiceJet (SG, Delhi Int’l) has defaulted on its “cash-and-carry” payments to the Airports Authority of India for at least four days, two sources told the newspaper Hindu Business Line on August 4.
The authority put SpiceJet on a cash basis in October 2020, forcing it to pay cash upfront each day for all airport services instead of monthly. The move was reportedly over an unpaid debt that at the time exceeded INR1.6 billion rupees (USD21.6 million), although SpiceJet afterwards claimed it had paid part of this debt.
According to the newspaper, the indebted low-cost carrier currently owes INR1.47 billion (USD19.8 million) as a principal amount plus INR780 million (USD10.5 million) in interest.
The airport operator had not received SpiceJet’s daily landing fee for four consecutive days and was likely to take a decision in the coming days as to whether to allow the airline to continue to operate, the sources claimed.
Separately, in a legal confrontation between SpiceJet and the Airports Authority of India at the High Court of Delhi, the airline …
India’s SpiceJet and Go First granted US $ 20.5mn state aid
30.07.2021 – 11:32 UTC
SpiceJet (SG, Delhi Int’l) and Go First (G8, Mumbai Int’l) have been granted state aid of INR1.2 billion rupees (USD17.1 million) and INR256.5 million (USD3.4 million) respectively, under the Indian government’s Emergency Credit Line Guarantee Scheme (ECLGS) that provides government-guaranteed loans to businesses affected by the COVID-19 pandemic.
This was confirmed on July 28, 2021, by newly-appointed Minister of State for Civil Aviation, Vijay Kumar Singh, in a written reply to a question in the Rajya Sabha, the Council of States or Upper House of the Indian Parliament, reported the Navbharat Times, one of the largest circulated Hindi newspapers in India.
“As per the information received from the National Credit Guarantee Trustee Company, until July 16, (2021), a guarantee assistance of INR3.49 billion (USD46.9 million) (under the ECLGS scheme) has been provided to borrowers belonging to the aviation sector, “he said.
He said the two airlines had borrowed funds under two different sections of the scheme: GoFirst had borrowed funds under ECLGS 2.0, which allows airlines with debts of between …