Updated On: 07 October, 2024 08:04 AM IST | Mumbai | Prasun Choudhari
Airline raised Rs 3,000 crore, enabling the clearance of long standing arrears

Dues clearance has brought relief to employees. Representation Pic
Spicejet has recently deposited 10 months’ worth of pending Provident Fund (PF) dues for its employees, addressing growing dissatisfaction among staff who had seen deductions from their salaries without corresponding deposits to their accounts. This announcement follows the airline’s recent settlement of all Goods and Services Tax (GST) payments and outstanding salary arrears.
“SpiceJet is pleased to announce that within the first week of raising fresh funds through a Qualified Institutional Placement (QIP), the airline has cleared all pending salary and GST dues and has made significant progress by depositing ten months of PF dues. The process of clearing other outstanding dues is ongoing,” said a spokesperson of the airline.