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.
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
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).
SpiceJet QIP: Board approves issue of 48.7 crore share allotment at Rs 61.80 per share
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
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
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
Mumbai: SpiceJet announced on Tuesday that Chief Financial Officer Ashish Kumar will be departing the company to pursue other opportunities.
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
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
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
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.
SpiceJet completes Rs 100 cr payment to Kal Airways
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
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.