SpiceJet on Wednesday made an interim payment of Rs 5 crore to the Airports Authority of India (AAI) after the airport operator had threatened to put the cash-strapped airline on “cash and carry” mode from Wednesday midnight if their dues were not cleared.
Senior officials said the beleaguered airline has also sought time till Monday from the AAI to make the remaining payment to the airport operator.
The AAI had on Monday decided to put SpiceJet on “cash-and-carry” mode if the airline failed to furnish a bank guarantee of about Rs 200 crore against its dues by December 10.
A senior AAI official said SpiceJet would not be put on “cash and carry” mode immediately, and has been “given time till Monday in lieu of the interim payment of Rs 5 crore arrears made by them”. No SpiceJet official was available for comment.