The airline also said in a statement that it "received no credit from oil companies". Besides, the company termed as "complete speculation" the reports that SpiceJet has already received Rs 17 crore from the investors to clear all its dues to the oil companies.
Beleaguered airline SpiceJet Wednesday said it has received no credit from oil companies, even as it scotched speculation about having failed to submit any revival plan today. "... there was no revival plan due for submission today," SpiceJet's Chief Operating Officer Sanjiv Kapoor said late tonight in a statement.
The airline also said in a statement that it "received no credit from oil companies". Besides, the company termed as "complete speculation" the reports that SpiceJet has already received Rs 17 crore from the investors to clear all its dues to the oil companies. The cash-strapped budget carrier had presented a revival plan to the Civil Aviation Ministry late last month, but it was told to submit a revised comprehensive plan with more details.
The airline, currently part of Kalanithi Maran-led Sun Group, had to cancel many flights amid its mounting financial troubles, while there have been reports about its original co-founder Ajay Singh coming back to the rescue.
SpiceJet stock price
On January 08, 2015, at 09:15 hrs SpiceJet was quoting at Rs 16.45, up Rs 0.25, or 1.54 percent. The 52-week high of the share was Rs 22.20 and the 52-week low was Rs 11.10.
The latest book value of the company is Rs -16.49 per share. At current value, the price-to-book value of the company was -1.00.
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