The most important reason you need to balance your cash drawer is to prevent shortages due to inaccurate cash handling or theft. These practices not only protect you as a business owner, but also your staff by holding all parties accountable to what goes in and out of your register. Though you might have the utmost confidence and trust in your employees (perhaps even viewing them as family), it’s important for businesses that deal with cash transactions implement cash-handling procedures. Balancing your cash drawer ensures all of the profit your business brings in is accounted for and gives you a clear picture of where your business is financially. Mobile payment methods like Apple Pay are becoming increasingly popular and need to be accounted for as well.
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We have 13 MAX aircraft in our fleet and the new inductions would begin from October 2022,” the spokesperson had said. SpiceJet has already returned 12 old Boeing aircraft to lessors in the last calendar year. These returns have been planned and will not have any impact on our operations.
As part of this modernisation plan, we are returning older aircraft in a phased manner including these three aircraft. “Between now and next calendar year, SpiceJet will induct around 20 new Max planes into its fleet. On July 30, 2022, a SpiceJet had said the airline plans to replace all its older Boeing aircraft with the new Max model in a phased manner. IDERA is part of the Cape Town Convention and provides for the owner of an aircraft to get an aircraft de-registered from the name of a third party in cases like default of lease rentals. This will result in additional liquidity for the airline,” SpiceJet had on Tuesday. AAI will release SpiceJet’s Rs 50 crore bank guarantee following the airline clearing all its principal dues. “With this, SpiceJet will no longer remain on ‘cash and carry’ at AAI run airports across the country and will revert to advance payment mechanism for daily flight operations….
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This aircraft has already been removed from our fleet for over eight months and does not in any manner affect our operations or schedule.” Meanwhile, SpiceJet on Tuesday said it has entered into a full and final settlement with Airports Authority of India (AAI) and has cleared all outstanding principal dues of the airport operator. The lessor has not provided documentation in the manner desired to SpiceJet to facilitate de-registration of the aircraft and has instead chosen to de-register on its own. About the latest de-registration request, SpiceJet said in a statement: “This aircraft is part of early termination agreement executed with the lessor way back in November 2021. This request comes just days after another Irish aircraft lessor AWAS, that was acquired by Gulf-based Dubai Aerospace Enterprise (DAE) in 2017, had requested the regulator to de-register three Boeing 737s as the airline has reportedly not been able to pay lease rentals. Now Ireland’s Alterna Aircraft V B Ltd has asked the Directorate General of Civil Aviation (DGCA) under the provisions of Irrevocable De-registration and Export Request Authorisations (IDERA). NEW DELHI: Aircraft leasing companies that have leased aircraft to cash-strapped SpiceJet are now rushing to reclaim their aircraft.
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