Spicejet Ltd. - Spicejet Ltd reply to clarification sought by the exchange

The Exchange had sought clarification from Spicejet Ltd with respect to the media report titled, "SpiceJet seeks more time to pay for aircraft lease" and "Crisil downgrades SpiceJets loan facilities"

Spicejet Ltd response is as follows :

"We would like to reiterate as has already been covered in the news articles, that the ratings downgrade is an industry phenomenon and SpiceJet continues to outperform the domestic aviation industry on financial metrics. Further, with regard to one single lessor mentioned in the Crisil report, the Company had taken a one-time relief of 2-3 months to better manage cash flows during the lean month of September 2018".

Source : BSE - www.bseindia.com

Published on October 27, 2018

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