Spicejet issue figures in LS

The turbulence in Spicejet today figured in the Lok Sabha with a Trinamool Congress member demanding government intervention to save the airline.
Saugata Roy also said that air fares have shot up significantly and the government should do something to check the prices.
Roy, during the Zero Hour, referred to the grounding of Spicejet, saying it has created harrowing times for passengers and the airline is headed the Kingfisher way.
"Government must intervene in the matter of Spicejet grounding," Roy said.
Spicejet has total liabilities of Rs 2,000 crore which include dues to the public sector oil firms and the Airports Authority of India (AAI).

The last time an airline had to stop operations under mounting losses was two years ago when Kingfisher, which had outstanding of around Rs 6,000 crore, shut down.
He also said that the airfares in the peak holiday season have gone up significantly and government should intervene to check this.