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SPICEJET FINANCIAL CHALLENGES
Govt in touch with SpiceJet over operational, financial challenges; Airline seeks funds under ECLGS schemeSpiceJet is seeking funds through the Emergency Credit Line Guarantee Scheme. The government is pushing the airline to increase its operati...- SpiceJet insolvency case: NCLT allows lessor to withdraw plea, imposes fine on both Aviator ML & cash-strapped airlineThe National Company Law Tribunal allowed Aviator ML to withdraw its insolvency plea against SpiceJet. Both parties faced a fine for late s...
- India wants cheaper air travel, but capping fares could hurt aviation industryAirfare prices remain stable despite rising crude oil costs and industry growth. A Supreme Court case seeks to cap airfares and establish a...
- SpiceJet gets more time as NCLT defers lessors’ bankruptcy casesThe NCLT postponed rulings on SpiceJet bankruptcy petitions after a settlement. The tribunal will issue its order on Wednesday, August 19, ...
- Air India's stumble creates a bigger problem than aviation duopolyTata's Air India faces major losses and market share decline. The airline's turnaround is a decade-long endeavor due to legacy issues. Glob...
- India’s youngest airline Akasa Air seeks funds as Iran war drives up costsAkasa Air is raising funds through equity and debt to navigate industry challenges. The airline seeks eight billion rupees from investors a...
- Lessors aim to reclaim SpiceJet aircraft due to increasing unpaid rentalsAircraft lessors are repossessing planes from SpiceJet after the airline failed to pay lease rentals. The finance leasing arm of Industrial...
- 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 ...
- SpiceJet repays $24 mn in dues to Credit SuisseSpiceJet has cleared its $24 million settlement with Credit Suisse, closing a liability predating its current promoter. The May 2022 agreem...
- SpiceJet Promoter Ajay Singh completes ₹500 crore equity infusion into airlineSpiceJet's founder Ajay Singh has infused ₹294.09 crore into the airline by converting warrants to equity shares, raising the promoter grou...
- 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...
- SpiceJet shares rally 5% on Rs 51 crore block dealShares of SpiceJet increased by over 5% after Plutus Wealth Management LLP bought 85 lakh shares worth Rs 51 crore. This acquisition follow...
- SpiceJet shareholders approve Rs 3,000 cr fund raising planIn a regulatory filing on Friday, the airline said shareholders have given their nod for the special resolution for raising funds of up to ...
- How SpiceJet’s 3-month crew furlough could affect your flight: Here's all you need to knowSpiceJet will temporarily furlough 150 cabin crew members for three months due to a lean travel season and reduced fleet size. The airline ...
- SpiceJet delays June salaries amid pressing financial issuesSpiceJet delayed the June salaries for certain employees, citing financial commitments. The airline sought bridge funding to stabilize its ...
- Kalanithi Maran vs SpiceJet: SC upholds Delhi HC's order remanding arbitration dispute back to single judgeThe Supreme Court on Friday upheld a division bench order of the Delhi High Court, remanding the arbitration dispute in Kalanithi Maran's c...
- SpiceJet-Credit Suisse Case: SC says no scope for belated payment, asks carrier to clear dues by March 15The Supreme Court directed SpiceJet to clear all outstanding dues to Credit Suisse by March 15. The court had earlier granted SpiceJet six ...
- SpiceJet to raise Rs 2,250 crore via equity routeSpiceJet's proposed preferential issue will have investors like Elara India Opportunities Fund, Aries Opportunities Fund, Mahapatra Univers...
- Kalanithi Maran to infuse Rs 100 crore in SpiceJetSpiceJet promoter media baron Kalanithi Maran is pumping Rs 100 crore into the budget airline SpiceJet through a preferential offer of shar...
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