SpiceJet says monitoring by regulator part of normal oversight
Hong Kong, Oct. 7 -- SpiceJet has told the local stock exchange the recent monitoring and oversight by India's Directorate General of Civil Aviation (DGCA) of its operations was part of the regulator's normal compliance activities. Read More The company was responding to a request from the BSE stock exchange to clarify a local news report regarding the DCGA's review of the airline's finances and recent share price movement. "The company is aware of the regulatory monitoring/review by the Directorate General of Civil Aviation concerning the broader operational and financial position of the airline," SpiceJet said in its letter to the BSE. "The company would like to clarify that the aforesaid regulatory monitoring should not be construed or r...
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