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Ajay Singh

SpiceJet's Ajay Singh may sell up to 10% stake in airline: Sources

SpiceJet's Ajay Singh may sell up to 10% stake in airline: Sources

Wed, Aug 14, 2024

SpiceJet Chairman and Managing Director Ajay Singh may trim his shareholding in the financially troubled airline by 10 per cent, sources told Zee Business. At the end of the June quarter, Singh was the single biggest shareholder in the airline with his family owning more than 43 per cent stake.

SpiceJet shares surge as airline plans to raise USD 250 million

SpiceJet shares surge as airline plans to raise USD 250 million

Wed, Jun 05, 2024

The airline plans to raise USD 250 million in the next couple of months and there is a bright enough future, Singh said at the CAPA India Aviation Summit in the national capital.

'Legally Baseless': SpiceJet rejects claims by KAL Airways, Kalanithi Maran

'Legally Baseless': SpiceJet rejects claims by KAL Airways, Kalanithi Maran

Tue, May 28, 2024

The low-cost airline said that these assertions were not only legally untenable but also regurgitation of previously rejected claims by the Arbitral Tribunal and then the Delhi High Court.

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SpiceJet's chief Ajay Singh pays over Rs 2 lakh to Sebi to settle non-disclosure of transaction case

SpiceJet's chief Ajay Singh pays over Rs 2 lakh to Sebi to settle non-disclosure of transaction case

Mon, Apr 10, 2017

SpiceJet's chief Ajay Singh on Monday paid Rs 2,02,500 to capital markets regulator Sebi in relation to alleged disclosure lapse in share purchase.

SpiceJet launches first daily direct flight from Kolkata to Dhaka

SpiceJet launches first daily direct flight from Kolkata to Dhaka

Thu, Mar 23, 2017

SpiceJet on Thursday launched daily direct flight from Kolkata International Airport to Dhaka which will provide convenient onward connections to cities such as Bangkok, Delhi, Chennai, Bangalore, Mumbai, among others.

Aviation stocks fly high as Delhi govt cuts ATF tax to 1%

Aviation stocks fly high as Delhi govt cuts ATF tax to 1%

Wed, Mar 08, 2017

AAP-government tabled the Delhi budget for 2017-18 today.

SpiceJet orders 205 planes from Boeing in Rs 1.5 lakh crore deal

SpiceJet orders 205 planes from Boeing in Rs 1.5 lakh crore deal

Fri, Jan 13, 2017

In 2005, the company had placed its first order with Boeing for Next-Generation B737s.

SpiceJet to place order for 90-100 new planes

SpiceJet to place order for 90-100 new planes

Thu, Jan 12, 2017

The airline is expected to place order for Boeing 737 family and the 2016 list price for the starting model in this category is little over USD 90 million per aircraft, the official said.

IndiGo, SpiceJet raise red flag over Govt's decision to allow 100% FDI in aviation

IndiGo, SpiceJet raise red flag over Govt's decision to allow 100% FDI in aviation

Wed, Jan 04, 2017

IndiGo and SpiceJet have raised "security" concerns over the government's decision to allow 100% foreign ownership by non-airline players in the Indian carriers.

SpiceJet shareholders clear Rs 15 crore annual pay for Ajay Singh

SpiceJet shareholders clear Rs 15 crore annual pay for Ajay Singh

Tue, Dec 27, 2016

Shares of SpiceJet gained over 1.5% to close at Rs 56.95 on the BSE.

SpiceJet's profit rises 103%, shares crash but recover

SpiceJet's profit rises 103%, shares crash but recover

Fri, Nov 25, 2016

Ajay Singh, Chairman & Managing Director, Spicejet said, “This was the weakest quarter of the year and despite the intense competition in the market, SpiceJet has performed exceptionally well. We continue to focus on responsible and profitable growth.”

SpiceJet reports 104% jump in net profit; shares fly high

SpiceJet reports 104% jump in net profit; shares fly high

Wed, Sep 07, 2016

As per the company's regulatory filing, it recorded a highest passenger load factor of 92.5% in the aviation industry.

HC asks SpiceJet, Maran to resolve share transfer dispute by appointing arbitral tribunal

HC asks SpiceJet, Maran to resolve share transfer dispute by appointing arbitral tribunal

Fri, Jul 29, 2016

The order came on Maran and his airline's plea for issuing them stock warrants in SpiceJet as per a sale purchase agreement (SPA) of 2015 which led to transfer of ownership of the budget carrier to its co-founder Ajay Singh.

Capping airfares by government is "unfair": SpiceJet

Capping airfares by government is "unfair": SpiceJet

Thu, Jun 23, 2016

By forcing airlines to cap airfares, the government is also intervening in price discovery.

SpiceJet: The turnaround story

SpiceJet: The turnaround story

Sat, May 21, 2016

Low-cost budget carrier SpiceJet posted its highest-ever annual profit last fiscal. This is an improvement of Rs 1,094 in one year. The airline even posted profits for the fifth consecutive quarter. How did SpiceJet achieve this?

A 200% rise in profit but Spicejet stock is down. Here's why

A 200% rise in profit but Spicejet stock is down. Here's why

Fri, May 20, 2016

According to an analyst who wished not be quoted as it is against his company's policy, the Spicejet stocks went down as there were high expectations from the company's March-ended quarter. He said, "The fall in oil prices was supposed to increase the profits further and that has disappointed the markets."

SpiceJet's Q4 net profit jumps 225% to Rs 73 crore

SpiceJet's Q4 net profit jumps 225% to Rs 73 crore

Thu, May 19, 2016

Aircraft lease rentals which forms another major cost element during Q4, 2015-16 increased by 114.42%.

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