January 18, 2021
SpiceJet’s current and non-current liabilities were ₹2,982 crore and ₹1,475 crore, respectively. - V V Krishnan
SpiceJet’s current and non-current liabilities were ₹2,982 crore and ₹1,475 crore, respectively. - V V Krishnan×
SpiceJet has proposed to bring down its principal amount due to Airports Authority of India below 75 per cent of the bank guarantees by March 31. The airline has also agreed to clear the entire interest debt or increase the bank guarantees by then.
According to AAI’s credit policy, it can encash the bank guarantees if the total dues of an airline are above 75 per cent of the bank guarantees.
Why ratings agencies are downgrading Delhi Airport
Fitch has downgraded Delhi Airport because of the sharp drop in footfall on the back of pandemic-induced travel restrictions, weaker earnings, and net debt-EBITDAR ratio increasing to 10
Manu Kaushik | January 19, 2021 | Updated 00:32 IST
First it was S&P Global Ratings in November, and now Fitch Ratings, the Delhi International Airport Limited (DIAL) has received two rating downgrades in less than three months. In the case of Fitch Ratings, the downgrade happened because of the sharp drop in footfall at the Delhi Airport last year due to stringent travel restrictions imposed as a result of pandemic, weaker earnings, and net debt/EBITDAR (earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs) ratio increasing to 10.
Job alert » AAI Recruitment 2021 For 368 Manager And Junior Executive Posts, Apply Online Before January 29
AAI Recruitment 2021 For 368 Manager And Junior Executive Posts, Apply Online Before January 29
Job Alert Published: Sunday, January 17, 2021, 9:30 [IST]
The Airports Authority of India (AAI), a statutory body under the Ministry of Civil Aviation, has called for online applications from qualified and experienced individuals for filling Three Sixty-Eight (368) vacancies to the post of Junior Executives and Managers in AAI through direct selection to be posted in New Delhi and across AAI units in India on a fulltime basis. The registration-cum-application process towards the same starts from December 15, 2020 onwards and closes on January 29, 2021 by 11:59 pm.
»Finance Ministry, NITI Aayog Objections Overruled Before Adani Group Won Bids for 6 Out of 6 Airports
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Finance Ministry, NITI Aayog Objections Overruled Before Adani Group Won Bids for 6 Out of 6 Airports
Passengers cross a road with their luggage, outside an airport in India. (Source: PTI)
In less than two years, Adani group has become India’s largest private developer in number of airports handled; and the second largest in terms of passenger traffic.
Objections raised by the finance ministry and Niti Aayog regarding the 2019 airport bidding process were over-ruled to allow the Ahmedabad-based Adani Group to operate six major airports in a clean sweep, the Indian Express has reported.