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SpiceJet

SpiceJet shares surge 5% after $90.8 million settlement with EDC; acquires 13 aircrafts

SpiceJet shares surge 5% after $90.8 million settlement with EDC; acquires 13 aircrafts

Thu, Nov 14, 2024

SpiceJet resolves aircraft financing dispute, secures full ownership of 13 Q400 planes, leading to significant savings and operational boost.

Beleaguered airline SpiceJet to launch seaplane operations in India next year

Beleaguered airline SpiceJet to launch seaplane operations in India next year

Sat, Nov 09, 2024

With rights to operate seaplane services on 20 routes, including Lakshadweep, Hyderabad, Guwahati, and Shillong, the airline said it is preparing to roll out connectivity across key routes as the infrastructure becomes ready.

Kerala first seaplane service to be launched at Kochi on Monday

Kerala first seaplane service to be launched at Kochi on Monday

Sat, Nov 09, 2024

Kerala Tourism and Public Works Minister P.A. Mohamed Riyas will flag off the seaplane service meant to boost the tourism sector in the state here on Monday. A Switzerland-based private company and SpiceJet are the service operators of De Havilland Canada seaplane, which lands in Kerala after the trial services conducted in Andhra Pradesh and Karnataka.

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SpiceJet shares fly higher after aviation firm allots 4.8 crore shares to lessors

SpiceJet shares fly higher after aviation firm allots 4.8 crore shares to lessors

Tue, Sep 05, 2023

The share of the company was up 5.08 per cent at Rs 32.70 in early morning deals on Tuesday (September 5, 2023) a day after it allotted over 4.8 crore shares to its nine aircraft lessors to clear outstanding dues worth around Rs 231 crore.

IndiGo shares decline after OMCs raise jet fuel rates; should investors be worried?

IndiGo shares decline after OMCs raise jet fuel rates; should investors be worried?

Fri, Sep 01, 2023

State-run oil marketing companies Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) announced an increase in the jet fuel prices applicable in the four metros.

Kalanithi Maran vs SpiceJet: Delhi HC refuses to stay single-judge order upholding arbitral award against airline

Kalanithi Maran vs SpiceJet: Delhi HC refuses to stay single-judge order upholding arbitral award against airline

Thu, Aug 24, 2023

A division bench of Justices Yashwant Varma and Dharmesh Sharma said that it cannot stay the order dated July 31 in view of the Supreme Court's direction of February 13 this year. The court, however, issued notice to Maran and Kal Airways.

Spicejet moves Delhi High Court challenging order upholding arbitral award in favour of Kalanithi Maran

Spicejet moves Delhi High Court challenging order upholding arbitral award in favour of Kalanithi Maran

Wed, Aug 23, 2023

The appeals came up before a division bench of Justices Yashwant Varma and Dharmesh Sharma which initially listed it for hearing on September 15 as the counsel for Spicejet and Singh were not present.

SpiceJet-Credit Suisse Case: Supreme Court issues contempt notice to SpiceJet CMD Ajay Singh

SpiceJet-Credit Suisse Case: Supreme Court issues contempt notice to SpiceJet CMD Ajay Singh

Mon, Aug 14, 2023

The Supreme Court issued a contempt of court notice to Singh after SpiceJet failed to repay Credit Suisse a loan of $24 million. The court has given Singh four weeks to reply to the notice.

SpiceJet shares volatile ahead of earnings announcement today

SpiceJet shares volatile ahead of earnings announcement today

Mon, Aug 14, 2023

Earlier, Spicejet was to announce its earnings for the fourth quarter of the previous fiscal year ended March 2023 (Q4 FY23) and the first quarter of the current fiscal year ended June 2023 (Q1 FY24) on Friday.

SpiceJet shares zoom over 7% after airline's promoter Ajay Singh decides to infuse Rs 500 crore

SpiceJet shares zoom over 7% after airline's promoter Ajay Singh decides to infuse Rs 500 crore

Thu, Jul 13, 2023

SpiceJet share price BSE: Shares of SpiceJet — the second largest airline in India by number of domestic passengers carried — zoomed on Thursday after the airline's promoter and Chairman Ajay Singh decided to infuse Rs 500 crore into the airline through preference shares.

SpiceJet promoter Ajay Singh to infuse Rs 500 crore into airline

SpiceJet promoter Ajay Singh to infuse Rs 500 crore into airline

Wed, Jul 12, 2023

The Board of Directors of the Company, which met on 12th July, 2023, considered options for raising fresh capital for the Company where Ajay Singh, Promoter of the Company, in order to strengthen the financial position of the Company, offered to infuse Rs 500 crore.

SpiceJet's share dip a day after DGCA puts it under "enhanced surveillance"

SpiceJet's share dip a day after DGCA puts it under "enhanced surveillance"

Wed, Jul 12, 2023

SpiceJet shares dipped 2.95 per cent to Rs 28.97 in morning deals on the BSE.

Financial headwinds: DGCA puts SpiceJet under 'enhanced surveillance'; airline refutes

Financial headwinds: DGCA puts SpiceJet under 'enhanced surveillance'; airline refutes

Tue, Jul 11, 2023

The Directorate General of Civil Aviation (DGCA) has put SpiceJet under enhanced surveillance for more than three weeks now and it is an ongoing process, the official told PTI.

SpiceJet repays Rs 100 crore loan to City Union Bank

SpiceJet repays Rs 100 crore loan to City Union Bank

Mon, Jul 03, 2023

Embattled airline SpiceJet on Monday said it has repaid the Rs 100 crore-loan taken from the City Union Bank and the payment of the last tranche of Rs 25 crore was done in June.

SpiceJet enters into settlement agreement with NAC for Q400 aircraft

SpiceJet enters into settlement agreement with NAC for Q400 aircraft

Wed, Jun 21, 2023

The induction of the three planes in addition to the fleet revival and restoration program launched by the airline would result in a substantial addition of planes in the SpiceJet fleet in the coming weeks," said the spokesperson.

SpiceJet plans to add 10 narrow-body Boeing aircraft, including five B737 Max

SpiceJet plans to add 10 narrow-body Boeing aircraft, including five B737 Max

Fri, Jun 09, 2023

No-frills airline SpiceJet, which is trying to keep afloat amid several aircraft of its fleet being grounded over payment issues with lessors, on Friday said it plans to add 10 narrow-body Boeing aircraft, including five B737 Max, on lease by October.

SpiceJet shares rise over 7% after falling for six straight sessions; here's why

SpiceJet shares rise over 7% after falling for six straight sessions; here's why

Wed, May 24, 2023

SpiceJet share price: At the time of filing the report, SpiceJet shares traded 7.66 per cent higher at Rs 26.01 apiece on the BSE.

SpiceJet raises captains’ salary to Rs 7.5 lakh a month

SpiceJet raises captains’ salary to Rs 7.5 lakh a month

Tue, May 23, 2023

The airline had also revised the salaries for its pilots in November 2022, when the salary of captains had been raised to Rs 7 lakh a month for 80 hours of flying.

SpiceJet offers flight tickets starting at Rs 1,818

SpiceJet offers flight tickets starting at Rs 1,818

Tue, May 23, 2023

The airline will also include multiple flights for its customers including two International Ude Desh ka Aam Naagrik (UDAN) flights.

SpiceJet insolvency row: DGCA's early warnings reveal brewing trouble

SpiceJet insolvency row: DGCA's early warnings reveal brewing trouble

Sun, May 21, 2023

In the nine-month period ending on December 31, 2022, SpiceJet recorded a significant loss of Rs 1,514 crore. As of December 31, its net worth stood at a negative Rs 5,801 crore.

SpiceJet subsidiary SpiceXpress to get USD 100 mn from UK group

SpiceJet subsidiary SpiceXpress to get USD 100 mn from UK group

Mon, May 15, 2023

SpiceJet, which is facing financial headwinds and an insolvency plea by an aircraft lessor, had recently hived off SpiceXpress.

SpiceJet says no plans to seek insolvency proceedings; starts process to revive grounded planes with USD 50 mn

SpiceJet says no plans to seek insolvency proceedings; starts process to revive grounded planes with USD 50 mn

Thu, May 11, 2023

The statement from SpiceJet comes at a time when a lessor has filed an insolvency resolution plea against the airline and crisis-hit rival Go First being admitted for voluntary insolvency resolution proceedings by the National Company Law Tribunal (NCLT) on Wednesday.

SpiceJet Insolvency Case: NCLT issues notice to SpiceJet on aircraft lessor's petition, next hearing on May 17

SpiceJet Insolvency Case: NCLT issues notice to SpiceJet on aircraft lessor's petition, next hearing on May 17

Mon, May 08, 2023

SpiceJet Insolvency Case: The National Company Law Tribunal on Monday issued a notice to SpiceJet on a petition filed by an aircraft lessor seeking initiation of insolvency resolution proceedings against the budget carrier.

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