SpiceJet today confirmed the Directorate General of Civil Aviation (DGCA) had formed a three-member committee to conduct an "engineering audit" even as it sought allay investor fears by saying it was "fully-compliant with all safety regulations".
The Directorate General of Civil Aviation (DGCA) has expanded the scope of an audit it will conduct on troubled airline firm SpiceJet .
Sources told CNBC-TV18 that the DGCA now will not just look into technical questions such as the condition of its stores, availability of spares and the qualification of its engineering staff but has also sought financial details such as what the carrier owes to its various creditors such as airports, oil marketing companies, tax departments, etc.
The aviation regulator had earlier taken up the "engineering audit" after a recent flight of the carrier got delayed by four and a half hours amid concerns over whether it is in the right financial condition required to run and maintain an airline.
Also read: Why the 'fasten seatbelt' sign is on for SpiceJet
Spice has been in the news after the company recorded its worst yearly loss ever in FY14, at Rs 1003 crore.
With total debt standing at Rs 1,736 crore, the carrier's net worth (assets minus liabilities) is at a negative Rs 1,020 crore.
The Kalanithi Maran-controlled SpiceJet was also the subject of another bad news after the Times of India recently reported that it had not yet disbursed Form 16 (used to file income-tax returns) to its employees even as the tax-filing deadline is due to expire on July 31.
This could be an indication the company may have not yet paid tax deducted at source to the tax department.
The airline has 52 aircraft fleet comprising Boeing 737s and Bombardier Q-400s, and had become India's third-largest carrier (after IndiGo and Jet Airways), displacing Air India with a market share of 19 percent in June.
This was achieved with a slew of aggressive fare war it has launched several times this year in a bid to increase occupancy and improve its financial position.
SpiceJet stock price
On July 31, 2014, SpiceJet closed at Rs 13.80, down Rs 0.2, or 1.43 percent. The 52-week high of the share was Rs 28.40 and the 52-week low was Rs 12.50.
The latest book value of the company is Rs -22.24 per share. At current value, the price-to-book value of the company was -0.62.
Anda sedang membaca artikel tentang
DGCA expands scope of SpiceJet audit
Dengan url
http://gayafashionshow.blogspot.com/2014/07/dgca-expands-scope-of-spicejet-audit.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
DGCA expands scope of SpiceJet audit
namun jangan lupa untuk meletakkan link
DGCA expands scope of SpiceJet audit
sebagai sumbernya
0 komentar:
Posting Komentar