Key Points
Budget carrier SpiceJet has been taken off from the Directorate General of Civil Aviation's (DGCA) 'enhanced surveillance regime' wherein a total of 23 aircraft were inspected and 95 observations were made, the aviation watchdog said on Tuesday...
"Suitable maintenance action was taken by the airline to address the findings in accordance with DGCA guidelines..
News agency PTI on July 11 reported that SpiceJet was under "enhanced surveillance" for over three weeks amid the budget airline facing multiple financial headwinds in recent months..
Various lessors were seeking repossession of aircraft leased to SpiceJet and some of the cases have been settled by the airline.. The shares of SpiceJet saw a jump of nearly 4% while the benchmark indices were trading flat with negative bias...
A financial assessment carried out by DGCA in September 2021 revealed that Spicejet is operating on cash and carry and suppliers approved vendors are not being paid on a regular basis leading to the shortage of spares and frequent invoking of Minimum Equipment Lists (MELS)...
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