The airline management has now sought a meeting with civil aviation minister Ashok Gajapathi Raju to present the airline's plan.
A senior government official informed AAI had agreed not to withdraw the credit facility of SpiceJet till Monday.
Assets include Kalanithi Maran's shares worth Rs 139 cr in Sun Direct.
Maran's penchant for taking risks was visible last year again when he acquired Indian Premier League's Hyderabad cricket franchisee and named it Sun Risers.