Indian low-cost carrier SpiceJet has entered into a full and final settlement with the Airports Authority of India (AAI) and has cleared all outstanding principal dues of the airport operator.
With this, SpiceJet will no longer remain on 'cash and carry' basis at AAI-run airports across the country and will revert to an advance payment mechanism for daily flight operations. SpiceJet's ability to clear the pending dues reflects the airline's improved cash flow in recent times.
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