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SPICEJET FINANCIAL CRISIS
SpiceJet’s meltdown: Rs 5,500 crore raised, but where did the money go?SpiceJet's mounting financial crisis raises serious questions over the fate of more than Rs 5,500 crore raised in recent years, its unpaid ...- India gives UDAN another decade to fly & generate Rs 60,000 crore; MoUs in 2-3 weeksThe Centre expects to finalize UDAN scheme agreements with all states soon. West Bengal will sign its memorandum of understanding on Septem...
- Delhi Airport assists passengers following operational disruption of SpiceJet flightsDelhi Airport is assisting passengers affected by SpiceJet flight disruptions. The airline faces ongoing financial and operational difficul...
- Can IndiGo shares fly again amid soaring oil prices? Ambit remains bullish but lists 5 key risksInterGlobe Aviation shares have fallen 8% in a month as oil prices topped $100, capping near-term upside. Ambit retains its Buy call, citin...
- 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...
- 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 ...
- 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...
- 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.
- SpiceJet almost regular with payments: BOC AviationAs financial crunch continues to trouble SpiceJet, aircraft leasing firm BOC Aviation today said the low-cost carrier is "almost" regular w...
- 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.
- 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 ...
- SpiceJet looks to rope in new investor as Istithmar exitsGurgaon-based low-cost carrier SpiceJet has appointed the investment banking arm of financial services company Edelweiss to find a strategi...
- SpiceJet set to hire analystsSpiceJet will hire analysts for network planning and route optimisation, indicating that a steady fall in aviation fuel prices has embolden...
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