SpiceJet says has cleared employee salaries, fuel dues
Posted December 26th, 2014, 06:46 PM IST
Money-losing SpiceJet had delayed employees' salaries for November and briefly grounded its fleet this month for want of cash. Its majority owner, billionaire Kalanithi Maran's Sun Group, has said it cannot afford a bailout.
SpiceJet has bank loans of 3 billion rupees ($47 million), Kapoor said, adding Friday's meeting was 'very constructive'.
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