SpiceJet shares rise; gives additional bank guarantee to AAI
Updated : November 29, 2018 09:57 AM IST
SpiceJet owes the airport operator Rs 117 crore in unpaid dues for landing, parking and other airport charges, according to media reports, against an existing bank guarantee of Rs 104 crore.
High crude oil prices, a weaker rupee and intense fare wars are hurting airlines' profitability in India with some carriers struggling to stay afloat.
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