DGCA ends enhanced surveillance on SpiceJet

16 Oct 2024 CW Team

The Directorate General of Civil Aviation (DGCA) has removed SpiceJet from its enhanced surveillance regime after the airline implemented corrective measures and secured additional funds to stabilise operations.

SpiceJet was placed under enhanced surveillance on September 13, 2024, following financial difficulties that raised concerns over its ability to meet aircraft maintenance obligations. As part of its oversight, the DGCA conducted 266 spot inspections across multiple locations.

The regulator confirmed that all identified deficiencies were adequately rectified. “With the corrective actions taken and fresh financial infusion, SpiceJet has been removed from the enhanced surveillance regime,” DGCA stated.

The regulator will, however, continue random spot checks to ensure operational safety and compliance across SpiceJet’s fleet.

In September, the airline raised Rs 30 billion from institutional investors, which helped it settle overdue payments, clear staff salaries, and resolve disputes with several aircraft lessors.

Following the DGCA’s announcement, SpiceJet’s shares rose by 1.66%, trading at Rs 66.80 on the BSE during afternoon trade.

(ET)

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