SpiceJet had emailed its pilots early on Monday saying that its operations may be disrupted if it is unable to address the Directorate General of Civil Aviation (DGCA) concerns regarding its ability to continue flying.
The airline regulator had given the cash-strapped airline time till Monday to release salary to all employees and produce a plan on detailing how its vendor dues of about ₹1,600 crore, is to be paid, said Livemint.
SpiceJet's senior vice-president and the head of operations, Sandeep Verma, said that the airline's chief operating officer Sanjay Kapoor will meet with officials from the Ministry of Civil Aviation and that the outcome of the meeting would eventually determine the fate and the future of the Sun Group-owned airline.
The airline scrip was trading at 13.90, down 0.80 (5.44%) at 11:52 am.
