Ritika
- Hindi News
- National
- Spicejet Flights Ban | DGCA Extends Ban On Spicejet Flight Services Till October 29
New Delhi11 hours ago
- copy link
DGCA has extended the restriction on SpiceJet to operate 50% of its flights till 29 October 2022. This decision was taken due to the increasing accidents of SpiceJet aircraft. The DGCA says that after this ban, there has been a decrease in the accidents of SpiceJet.
DGCA asked SpiceJet to operate half the aircraft
On July 27 this year, the Director General of Civil Aviation ordered SpiceJet to operate only 50% of its fleet of flights for the next eight weeks after several SpiceJet planes crashed in flight. Since then the airline has been struggling financially. Even before the expiry of these eight weeks, the DGCA extended the ban by issuing a new order.
SpiceJet sends 80 pilots on leave without pay
Earlier on Tuesday, SpiceJet has sent some pilots from its staff on leave without pay for 3 months. The airline issued a statement giving information about this. Although the airline did not specify the number of pilots, the number of pilots quoted by media reports is around 80. These pilots belong to the Boeing and Q400 fleet. Read full news…
The airline is going through a financial crisis
In its statement, the airline also said that the Boeing 737 MAX aircraft survived two fatal crashes after a technical snag. Due to this the aircraft had to be grounded between March 2019 and November 2020. The airline has been making losses for the last 4 years. SpiceJet has incurred a net loss of Rs 316 crore, Rs 934 crore, Rs 998 crore and Rs 1,725 crore in FY19, FY20, FY21 and FY22 respectively.
784 crore loss in June quarter
SpiceJet reported a loss of Rs 784 crore for the quarter ended June 30, compared to a loss of Rs 731 crore in the year-ago quarter. The company had a loss of 485 crores in the quarter ended March. Moreover, it is currently operating less than 50 per cent of the flights, while the airline has 90 aircraft in its fleet. About 50 aircraft are currently being operated.
Negotiations on raising $200 million
The airline’s chairman and managing director Ajay Singh had said on August 31 this year that the airline was in talks with investment bankers to raise up to $200 million soon. SpiceJet said: “During the LWP period, pilots will be eligible for all other employee benefits as applicable i.e. all insurance benefits and employee leave travel benefits as before.”
