DGCA's regulatory monitoring not a fresh finding of safety deficiencies: SpiceJet

SpiceJet on Monday said the Directorate General of Civil Aviation's (DGCA) regulatory monitoring of the airline should not be construed as a fresh finding of safety deficiencies.

In a clarification to the BSE, the airline said it was aware of the DGCA's regulatory monitoring and that the aviation regulator routinely conducts safety audits, surveillance and spot checks of airlines as part of its oversight.

Also Read: Flying IndiGo gets costlier as airline raises fuel charges after another ATF hike


"DGCA routinely undertakes safety audits, surveillance and spot checks of airlines as part of its regulatory oversight. SpiceJet has also undergone various such regulatory exercises in the past, and the regulatory monitoring should not be construed or represented as a new declaration or finding of safety concerns against the company," the airline said in its filing.

The clarification came after the stock exchange sought a response from SpiceJet on September 22 following Civil Aviation Minister K Rammohan Naidu's statement that the airline was under DGCA scrutiny.

Also Read: Festive travel squeeze: Domestic airfares jump up to 68% as flight options narrow

"The current regulatory monitoring/review relating to the company's broader operational and financial position may not be equated with, or represented as, a fresh finding of safety deficiencies against the company," SpiceJet said.

The airline has been facing operational and financial challenges. Its domestic market share fell to 1.2% in August from 1.6% in July.

Shares of SpiceJet fell more than 2% to Rs 9.10 apiece in late afternoon trade on the BSE.