Did not receive any credit from oil companies, says cash-strapped SpiceJet

New Delhi: Beleagured airline SpiceJet on January 7 said it has received no credit from oil companies, even as it scotched speculation about having failed to submit any revival plan.

"... There was no revival plan due for submission today," SpiceJet's Chief Operating Officer Sanjiv Kapoor said late tonight in a statement.

The airline also said in a statement that it "received no credit from oil companies".

Besides, the company termed as "complete speculation" the reports that Spicejet has already received Rs 17 crore from the investors to clear all its dues to the oil companies.

The cash-strapped budget carrier had presented a revival plan to the Civil Aviation Ministry late last month, but it was told to submit a revised comprehensive plan with more details.

The airline, currently part of Kalanithi Maran-led Sun Group, had to cancel many flights amid its mounting financial troubles, while there have been reports about its original co-founder Ajay Singh coming back to the rescue.