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KINGFISHER AIRLINES AND SPICEJET
SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loanSpiceJet is delaying pilot salaries since March, seeking an emergency government loan to stabilize operations amid rising fuel costs and re...- View: Aviation Industry; Pay your staff to keep your companyMallya’s raising of debt through bank loans to both fund his losses and to pay for dozens of new aircraft he had ordered, soon saw Kingfish...
- SpiceJet has dues of Rs 155.49 crore to AAI: GovernmentBudget carrier SpiceJet, which survived a shutdown late last year, has defaulted on payments to Airports Authority of India (AAI).
- SpiceJet pares gains, falls over 8% as oil companies stop fuel supplyAfter rallying a little over 7 per cent in trade on Wednesday, shares of SpiceJet came under pressure and plunged as much as 8.2 per cent i...
- SpiceJet’s decision to reduce its fleet size and cut down on flights not alike Kingfisher’sSpiceJet’s decision to reduce fleet size and cut flights to address capital woes has led to its comparison with the now-defunct Kingfisher.
- Investor not on board, SpiceJet delays salariesThe crisis at SpiceJet has deepened with the low-cost carrier (LCC) for the first time ever delaying salary payment to its 5,000-odd employ...
- SpiceJet fleet thinning downAviation authorities are closely watching the crisis deepen at SpiceJet which needs immediate infusion of funds to survive.
- Jet Airways, SpiceJet make part payment of their dues to AAIFacing the threat of penal action, SpiceJet and Jet Airways today made part payment of their dues to the Airports Authority of India (AAI).
- FII holdings in Spicejet doubles in December quarterSpiceJet posted robust results, with a profit of Rs 102 crore on revenue of Rs 1,602.6 crore in the third quarter.
- FIIs increase shareholding in Kingfisher Airlines, cut in Jet Airways and SpiceJetForeign investors cut their stake in the Naresh Goyal-owned Jet Airways to 4.81% from 7.12% as well as in the Kalanithi Maran-owned SpiceJe...
- SpiceJet, Jet Airways back in profits; will aviation fly high?SpiceJet’s turnaround is both remarkable and significant because of the all-round economic funk that has long enveloped aviation. Indian ca...
- FII cut exposure to Indian aviation stocksMarket analysts said that the airline stocks have become less attractive in recent past due to high operational costs.
- SpiceJet to launch regional operations, trigger price warSpiceJet, with Hyderabad as a base for its regional operations, plans to connect Tier-II and -III cities to nearest metros through its regi...
- SpiceJet open to equity dilution to foreign airlinesDelhi-based low-cost carrier, SpiceJet, is open to the idea of equity dilution to foreign airlines, if the overseas carriers are allowed to...
- Deal with Ross is ‘alive’, says SpiceJetBudget carrier SpiceJet, which received an $80-million investment commitment from billionaire investor Wilbur Ross last month, has said the...
- Wilbur Ross picks up equity worth Rs 345 cr in SpiceJetWilbur Ross has picked up equity worth Rs 345 cr in SpiceJet. SpiceJet needed cash and was looking into seeking alternative investment. In ...
- Mallya-SpiceJet may not take offDifferences have cropped up between UB group chairman Vijay Mallya and promoters of low-cost carrier SpiceJet over the airline’s valuation....
- Kingfisher may buy SpiceJet in all cash dealUB chief in talks with foreign investors to buy out budget carrier in all-cash deal.
- Mallya now wants a ticket on SpiceJetVijay Mallya is keen on making a play for India’s second-largest low-cost airline SpiceJet.
- SpiceJet refutes stake-sale talks with JetSpiceJet Ltd denied a newspaper report the airline is in stake-sale talks with Jet Airways (India) Ltd.
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