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SPICEJET FINANCIAL CRISIS
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...- SC rejects SpiceJet's plea in Rs 144 cr case with Kalanithi Maran & Kal Airways, asks it to move Delhi HCThe Supreme Court of India on Tuesday asked SpiceJet to approach the Delhi High Court for more time to deposit Rs 144 crore in its dispute ...
- Air India terminates flights to multiple destinations as fuel price bitesAir India is cutting international flights for three months starting June. Soaring jet fuel prices are forcing the airline to suspend servi...
- Air India to cut 100 flights daily as fuel costs bite; Big reductions on Australia, Europe, North America routesAir India is set to reduce its flight operations by approximately 100 daily flights due to escalating jet fuel prices. The airline is imple...
- Air India, IndiGo, SpiceJet seek ATF price relief; say airline industry on verge of 'stopping operations'Indian airlines Air India, IndiGo, and SpiceJet are in severe financial distress. They warn of halting operations due to soaring jet fuel c...
- Delhi High Court reserves order on SpiceJet's plea to review Rs 144 cr payment order in dispute with MaranThe Delhi High Court has announced it will take more time to decide on a review petition presented by SpiceJet and its head, Ajay Singh. Th...
- Centre offers to bail out airlines with Rs 4,000-crore loanIndia plans a ₹4,000 crore emergency credit scheme for airlines, offering sovereign guarantees of up to ₹1,000 crore per carrier to ease st...
- Maran case: SpiceJet asks for more time to deposit Rs 144 crSpiceJet faces a critical juncture. The airline informed the Delhi High Court that an immediate Rs 144 crore deposit in a dispute with Kala...
- Delhi HC gives SpiceJet 4 more weeks to deposit Rs 144 crore, rejects property offerSpiceJet has received a four-week extension from the Delhi High Court to deposit Rs 144 crore. This payment is part of an ongoing arbitrati...
- Clear skies after turbulence: DGCA removes SpiceJet from enhanced surveillanceThe DGCA has lifted enhanced surveillance on SpiceJet but will continue random spot checks for safety. SpiceJet had been under additional s...
- Madhu Kela among top investors leading SpiceJet's Rs 3,000 crore QIP responseSpiceJet's QIP received strong investor response, with marquee investors like Madhu Kela's family office participating. The company aims to...
- DIAL asks SpiceJet to clear dues at earliest; airline says no immediate concerns on paymentsDelhi airport operator DIAL has requested SpiceJet to clear its dues promptly. Despite financial and legal challenges, the airline maintain...
- SpiceJet announces 10-30% cut in March salary for all employeesEmployees will take 10-30% deductions in their March pay. SpiceJet chairman Ajay Singh will take a 30% pay cut. IndiGo, India's largest air...
- SpiceJet to be owned 24% by Kalanithi Maran and his KAL Airways, subject to regulatory approvalThe Delhi High Court kept its order pending on a plea of Sun group head Kalanithi Maran seeking issuance of stock warrants in Spicejet to h...
- DGCA allows SpiceJet to open advance bookings beyond March 31"SpiceJet is pleased to announce that bookings for its flights are now open for its summer schedule," SpiceJet said in a statement.
- Ex-Promoter Ajay Singh and two ‘blue-chip’ investors may pilot SpiceJet out of money troubleEx-promoter Singh, closely associated with ruling BJP, embarked on a hectic series of meetings with aviation ministry officials.
- Aviation Ministry pushes banks for SpiceJet bailout; asks to lend Rs 600 croreThe civil aviation ministry pushed for a bailout of SpiceJet on Tuesday, calling on banks to give the carrier up to Rs 600 crore.
- 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...
- Fly SpiceJet at half the price of its peers on some routesThe DGCA ordered SpiceJet to stop taking advance bookings of more than a month and withdrew 186 flight slots due to its financial woes.
- Government rules out bail-out measure for cash-strapped budget carrier SpiceJetThe Civil Aviation Minister justfied the actions taken by the DGCA against the airline including withdrawal of its unused slots for flight ...
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