SpiceJet has fully settled its pending employees’ provident fund (PF) dues of INR 160.07 crore, covering a backlog of over two years.
The airline has cleared all major statutory liabilities, including Tax Deducted at Source (TDS), Goods and Services Tax (GST) and pending salary dues.
By addressing long-standing statutory obligations and resolving disputes with lessors and creditors, SpiceJet is reinforcing its commitment to operational excellence, financial prudence, and employee welfare.
SpiceJet's efforts toward financial recovery and resilience have been recognised by Acuité Ratings & Research, which recently upgraded the airline’s credit rating by four notches.