AAI cracks whip on SpiceJet, puts airline on 'cash and carry' mode

The Airport Authority of India (AAI) has decided to put SpiceJet on a 'cash and carry' mode as the airline's pending dues have crossed Rs 200 crore.
 

While SpiceJet was to be placed on a 'cash and carry' mode from Thursday midnight, the proposal was deferred upon a request from the airline.
 

SpiceJet, which posted a loss of Rs 807 crore in fourth quarter of last fiscal, had asked AAI for time to work out the modalities for implementing the 'cash and carry' mode and requested the authority to defer the implementation.
 

The airline's unpaid dues include interest and exceed