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Stormy skies ahead as SpiceJet awaits government verdict

Reuters  |  NEW DELHI 

By Tommy WilkesNEW DELHI (Reuters) - The future of loss-making airline SpiceJet Ltd hung in the balance on Tuesday, as it awaited a government decision that could give it more time to pay suppliers and pull back from the brink of collapse.In a crisis reminiscent of the high profile downfall of Kingfisher Airlines -- which left billions of rupees of debts and unpaid wages -- SpiceJet is battling costly refunds for customers, cancelled flights and a government-imposed ban on taking advance bookings for travel more than 30 days away.Executives at the carrier had been scheduled for talks with ...

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First Published: Tue, December 16 2014. 17:52 IST
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