Crisis-hit SpiceJet, which recently raised Rs 3,000 crore, said on Friday that it had cleared all pending salaries and GST dues as well as deposited ten months’ provident fund dues.
On September 23, the airline announced raising Rs 3,000 crore through a qualified institutional placement (QIP) of shares.
Click here to connect with us on WhatsApp
An airline spokesperson said that within the first week of raising fresh funds, it cleared all pending salary and GST dues and made significant progress in depositing ten months’ PF dues.
The process of settlement of other pending dues is ongoing, it said in a statement.
Among other efforts, the airline has reached agreements with several aircraft lessors.
SpiceJet has faced multiple hurdles, including financial problems and legal issues. It is also operating with a reduced fleet.
On Friday, SpiceJet shares fell 4.25 per cent to close at Rs 62.79 apiece on BSE.
First published: October 5, 2024 | 00:06 IS
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.