SpiceJet falls 2% after default on AAI payment

Shares of SpiceJet have dropped 2% to Rs 65.70 on the Bombay Stock Exchange (BSE) after the company has allegedly defaulted on payments towards the Airports Authority of India (AAI)

The budget carrier owes the AAI dues worth Rs 160 crore towards parking, landing, and other charges. According to media reports, SpiceJet has been put on cash and carry until the dues are met.


However, the aviation company has come out with a response saying it hasn’t skipped any payments.  

The stock opened at Rs 67.40 and touched a low of Rs 63.90 in the morning trades. About 2.4 million shares have been traded on the BSE so far.

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel