SpiceJet shares soar 8% as airline settles $132 million dispute with 3 lessors for $22.5 million
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 shares rise as airline clears GST dues and salaries after raising Rs 3,000 crore via QIP
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
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).
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.
SpiceJet shareholders approve plan to raise funds via shares and warrants
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
Mumbai: SpiceJet's board on Tuesday approved the raising of fresh capital exceeding Rs 2,250 crore, ET reported.
'Absolutely no question of filing for insolvency': SpiceJet CEO Ajay Singh on insolvency rumours
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.
RBI should stop hiking the key lending rate further: Assocham Prez Ajay Singh
Mumbai: The Reserve Bank of India (RBI) should stop hiking the key lending rate in view of the current uncertainties in the global business environment, Assocham President and SpiceJet CEO Ajay Singh said on Tuesday.
Ajay Singh takes over as ASSOCHAM President; Sanjay Nayar as Senior Vice-President
Kolkata: Ajay Singh, Chairman & Managing Director of SpiceJet, India’s leading airline, has taken over as President of the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
ICAO finds SpiceJet’s operations, safety processes 'strong'
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 promoter Ajay Singh denied anticipatory bail in fraud case
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 to bring back Boeing 737 MAX after 2 years, will offer free broadband
New Delhi/IBNS: The Boeing 737 MAX jetliner, which was grounded for more than two years after 346 people were killed in two fatal air crashes, will be operational by low-cost carrier SpiceJet.
Air India disinvestment: Minimum reserve price decided, successful bidder likely finalised
New Delhi/IBNS: The government has decided on the minimum reserve price for national carrier Air India as it moves forward to end the disinvestment process by the end of the ongoing fiscal year, media reports said.
SpiceJet chairman Ajay Singh elected to IATA Board
Gurugram, Jun 2 (UNI) Private airline SpiceJet Chairman and Managing Director Ajay Singh was on Sunday appointed on the Board of Governors (BoG) of the International Air Transport Association (IATA).
Gurugram, Jan 30 (IBNS): SpiceJet Chairman and Managing Director, Ajay Singh on Tuesday received the prestigious CAPA Chairman’s Order of Merit for Excellence in Indian Aviation Award for his contribution towards Indian aviation and the remarkable turnaround and financial performance of SpiceJet at an event in Mumbai.