The exporters reckon that the current problems will be temporary. "We hope that what is happening at the border will not affect commerce and trade," noted Rajiv Palicha, chairman of All India Spices Exporters Forum.
The airline owes AAI about ₹186.50 crore, including interest, versus bank guarantees of ₹154 crore. An airline executive further said that two SpiceJet planes had to be written off after wild boar and buffalo strayed on to the runways at Surat and Jabalpur airports, respectively. These claims are also pending with AAI.
Harindranath was GM, financial planning analysis and treasury at SpiceJet at the time of violations.
In a press statement, Ajay Singh, Chairman and Managing Director, SpiceJet, said, “Our cargo operations are doing extremely well and to address the increased demand we have converted three Q400 passenger aircraft into freighters."
At present, the size of the domestic spices market is estimated at Rs 75,000-80,000 crore.
For the low-profile Bhardwaj-Sharma family, selling off the ‘Sunrise’ brand that they had nurtured for more than 70 years was not an easy decision.
The share purchase agreement was finalized on Saturday. In a media release, ITC said Sunrise is a market leader in eastern India.
‘With lower oil prices in place, we do not believe we will lose money flying at reduced capacity’
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