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SpiceJet shares soar 8% as airline settles $132 million dispute with 3 lessors for $22.5 million

Oct 09, 2024, at 07:18 pm

New Delhi/IBNS: Shares of SpiceJet Ltd. surged by 8 percent on Wednesday (Oct. 9) after the low-cost airline announced that it had successfully settled its dispute with three of its lessors.

SpiceJet clears PF dues after settling GST and salary arrears following Rs 3,000 cr fundraise via QIP

Oct 05, 2024, at 01:38 am

New Delhi: Troubled-airline SpiceJet deposited provident dues accumulated over the past 10 months, media reports said.

SpiceJet shares rise as airline clears GST dues and salaries after raising Rs 3,000 crore via QIP

Sep 27, 2024, at 05:36 pm

Mumbai/IBNS: Shares of budget airline SpiceJet surged on Friday (Sept. 27) following the announcement that the low-cost carrier has cleared its Goods and Services Tax (GST) dues amounting to approximately Rs 71 crore.

SpiceJet aims for fleet of 100 by the end of 2026: CMD Ajay Singh

Sep 23, 2024, at 06:39 pm

New Delhi/IBNS: A day after SpiceJet raised Rs 3,000 crore (about $360 million) through selling new shares, the airline's chairman and managing director (CMD) Ajay Singh said that the low-cost carrier aims to have 100 aircraft by the end of 2026, The Economic Times (ET) reported on Monday (Sept. 23).

SpiceJet QIP: Board approves issue of 48.7 crore share allotment at Rs 61.80 per share

Sep 22, 2024, at 03:26 am

New Delhi/IBNS: SpiceJet announced on Saturday (Sept. 21) that its board has approved the issuance and allotment of 48,70,12,986 equity shares to qualified institutional buyers at a price of Rs 61.60 per share, which includes a premium of Rs 51.60 per share.

SpiceJet hasn't paid Rs 427 cr in GST, TDS, and PF dues since 2020: Report

Sep 18, 2024, at 05:22 am

Mumbai: Budget airline SpiceJet announced on Tuesday that it failed to pay statutory dues amounting to Rs 427 crore between March 2020 and August 2024, citing its "constrained financial position", media reports said.

SpiceJet eyeing growth with aircraft ungrounding, fleet expansion, exclusive destinations: Report

Sep 07, 2024, at 10:54 pm

New Delhi/IBNS: Indian low-cost airline SpiceJet, which is struggling with heavy financial dues, said on Friday (Sept 6) that it expects a 'promising growth' for its operations, helped by a likely ungrounding of aircraft, impending expansion of the aircraft fleet, exclusive access to regional destinations, and also access to international destinations.

SpiceJet's CFO Ashish Kumar resigns; Joyakesh Podder appointed Deputy CFO

Jul 17, 2024, at 07:00 am

Mumbai: SpiceJet announced on Tuesday that Chief Financial Officer Ashish Kumar will be departing the company to pursue other opportunities.

SpiceJet gets relief as Delhi HC reverses order upholding validity of arbitral award favoring Kalanithi Maran

May 17, 2024, at 11:26 pm

New Delhi: The Delhi High Court on Friday reversed its previous decision that upheld the arbitral award favouring Kalanithi Maran over low-cost airline SpiceJet, bringing relief to the financially struggling carrier, media reports said.

Delhi High Court orders SpiceJet to pay $1.58 million to engine lessors by May 22: Report

May 04, 2024, at 04:22 am

New Delhi: The Delhi High Court directed SpiceJet on Friday to remit $1.58 million to its engine lessors Team France and Sunbird France by May 2 even as it acknowledged negotiations between the budget carrier and the lessors are ongoing, with final settlement terms yet to be established, media reports said.

SpiceJet & Cross Ocean Partners settle Rs 93 crore dispute

Mar 06, 2024, at 06:22 am

New Delhi: Private airline SpiceJet on Tuesday said that it has reached settlement terms with aircraft leasing firm, Cross Ocean Partners, resolving a dispute of about USD 11.2 million (Rs 93 Crore).

SpiceJet shareholders approve plan to raise funds via shares and warrants

Jan 11, 2024, at 04:47 am

Mumbai: Shareholders of SpiceJet have approved the company's proposal to raise funds through the issuance of equity shares and warrants, according to a regulatory filing following the annual general meeting (AGM) on January 10.

SpiceJet to raise Rs 2,250 cr via equity to push growth and improve financial position

Dec 13, 2023, at 05:24 am

Mumbai: SpiceJet's board on Tuesday approved the raising of fresh capital exceeding Rs 2,250 crore, ET reported.

SpiceJet completes Rs 100 cr payment to Kal Airways

Sep 13, 2023, at 03:52 am

New Delhi: SpiceJet has completed the payment of Rs 100 crore to Kal Airways following the Delhi High Court’s order to complete the remaining 22.5 crore of the total due before 4 p.m. on Tuesday.

SpiceJet pays back Rs 100 cr loan to City Union Bank, frees collaterals

Jul 04, 2023, at 03:09 am

New Delhi: SpiceJet on Monday announced the successful settlement of a loan payment amounting to Rs 100 crore to City Union Bank, news agency ANI reported.

SpiceJet reaches settlement agreement with aircraft lessor Nordic Aviation Capital

Jun 22, 2023, at 06:09 am

Mumbai: SpiceJet has reached a settlement agreement with Nordic Aviation Capital (NAC), a prominent lessor of its Q400 aircraft, ANI reported.

'Absolutely no question of filing for insolvency': SpiceJet CEO Ajay Singh on insolvency rumours

May 12, 2023, at 03:17 am

New Delhi: Budget airline SpiceJet has said that it is implementing measures to restore its grounded fleet by utilizing the $50 million received from the government's Emergency Credit Line Guarantee Scheme (ECLGS) along with internal cash accruals. The company aims to dispel any rumors of insolvency.

SpiceJet Q3FY23: Net profit soars 161% y-o-y to Rs 110 cr

Feb 25, 2023, at 07:01 am

Mumbai: SpiceJet Ltd Friday reported a significant increase in its consolidated net profit for the quarter ended December 2022, with a 161% rise to Rs 110 crore.

SpiceJet says its operations, safety processes found to be strong by ICAO

Dec 12, 2022, at 11:57 pm

Kolkata: SpiceJet operations, safety processes and systems have been found to be in order following an exhaustive audit conducted by the International Civil Aviation Organisation (ICAO).

ICAO finds SpiceJet’s operations, safety processes 'strong'

Dec 05, 2022, at 08:39 pm

New Delhi/UNI: SpiceJet on Monday said that the International Civil Aviation Organisation (ICAO) has found the operations, safety processes and systems of the budget carrier 'strong' in its audit.

SpiceJet enters into full and final settlement with Airports Authority of India; clears all outstanding principal dues

Aug 02, 2022, at 03:32 pm

Kolkata: SpiceJet has entered into a full and final settlement with the Airports Authority of India (AAI) and has cleared all outstanding principal dues of the airport operator.

SpiceJet aircraft are absolutely safe; DGCA checks reveal no safety violation, says government

Jul 26, 2022, at 06:44 pm

Kolkata: A series of spot checks carried out by India’s aviation safety regulator, the Directorate General of Civil Aviation (DGCA), on SpiceJet’s aircraft fleet did not find “any major significant finding or safety violation”, the civil aviation ministry informed Parliament on July 25.

SpiceJet's logistics & cargo business Spicexpress to be hived off by Aug first week: Report

Jul 12, 2022, at 05:29 am

Mumbai: SpiceJet's logistics and cargo wing Spicexpress will be separated and the bankers and shareholders have approved the bifurcation, which will be complete by the first week of June, the carrier's CMD Ajay Singh has said, reported media.

SpiceJet appoints Anil Singla as Vice President and Head of Engineering

May 17, 2022, at 07:23 pm

Gurugram/IBNS: Indian airline SpiceJet has announced the appointment of Anil Singla as Vice President and Head of Engineering.

Scindia agrees to look into airlines charging extra for boarding passes

May 14, 2022, at 07:42 pm

New Delhi: Aviation minister Jyotiraditya Scindia Friday agreed to look into complaints of airlines charging extra for boarding passes.

SpiceJet announces eight new flights including two under UDAN

Apr 27, 2022, at 02:11 am

Kolkata: Indian low-cost airline SpiceJet Tuesday announced the launch of new and additional flights including industry-first UDAN flights connecting Pune with Bhavnagar.

SpiceJet promoter Ajay Singh denied anticipatory bail in fraud case

Apr 01, 2022, at 07:35 am

New Delhi: A sessions court in Delhi refused to grant anticipatory bail to SpiceJet promoter Ajay Singh on Thursday in case of a fraud involving a few lakh rupees.

SpiceJet adds Khajuraho to its domestic network

Feb 18, 2022, at 10:55 pm

Gurugram/UNI: SpiceJet on Friday announced on Friday the addition of Khajuraho – a UNESCO World Heritage Site – to its network as its 15th UDAN destination.

SpiceJet's Q3FY22 profit at Rs 42.45 crore after reporting loss for seven consecutive qtrs

Feb 15, 2022, at 11:01 pm

Mumbai/IBNS: Budget carrier SpiceJet Ltd on Tuesday reported a profit for the Q3FY22 after suffering losses for seven continuous quarters, riding on increase in fliers and higher yields. The airline recorded a consolidated net profit of Rs 42.45 crore in the December quarter compared to a loss of Rs 66.78 crore in the same quarter previous year.

SpiceJet to introduce drone delivery service for vaccine, essential goods delivery

Dec 13, 2021, at 05:52 pm

Mumbai/IBNS: SpiceJet will introduce drones to send transport vaccines, life-saving medicines and essential goods.