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SPICEJET FINANCIAL DIFFICULTIES
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...- Christmas trees act: Lessor alleges SpiceJet removed aircraft enginesSpectre Cargo Solutions, through Irish affiliates, accuses SpiceJet of removing engines from leased Boeing 737 freighters. SpiceJet claims ...
- 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...
- India gears up for a new airline as Shankh Air gets aviation ministry's nodIndia's newest airline, Shankh Air, has received approval from the Civil Aviation Ministry to operate in the country. The airline will be b...
- Boeing strike hits production: Akasa Air, Air India Express, and SpiceJet bracing for impactThousands of Boeing workers have gone on strike after rejecting the company's contract offer, marking the first strike in 16 years. This di...
- 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 ...
- SpiceJet delays June salaries amid pressing financial issuesIn an email to pilots sent on Thursday, Virendra Malhotra, vice president of flight operations at SpiceJet said the salaries, which have be...
- SpiceJet under fire for stranding passengers at Dubai AirportSpiceJet passengers were stranded at Dubai airport when flights to India were cancelled due to the airline’s unpaid dues. The airline has e...
- SpiceJet delays June salaries, says disbursing in 'phased way'SpiceJet in Mumbai has delayed June salary payments and previously defaulted on provident fund contributions. Despite the situation, SpiceJ...
- 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...
- Airline systems across airports working normally: MinisterAirline systems affected by a global IT outage are now operational, with full resolution expected by noon Saturday, Civil Aviation Minister...
- Microsoft software outage: Bank services across the world take a hitMicrosoft software outage: Microsoft users worldwide, including banks, experienced widespread outages on Friday following the company's ack...
- Go First granted 60-day extension by NCLT to complete insolvency proceedingsBankrupt airline Go First has been granted an additional 60 days by the National Company Law Tribunal (NCLT) to conclude its insolvency pro...
- Govt extends ECLGS to aviation sector; industry player says decision to ease liquidity pressureIndustry players said the "timely" decision to include the aviation sector under the Emergency Credit Line Guarantee Scheme (ECLGS), which ...
- Cement, aviation stocks likely to shineGoing forward, estimates of banks and NBFCs could be at risk .
- MoCA will be watching developments at Jet Airways, says R N Choubey"Airlines are not bound to inform us when they retrench but when airlines get into trouble they normally come to us".
- 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.
- Airlines run into audit red-flags over 'going concern' statusA company is known as a 'going concern' if it has sufficient resources to continue to operate indefinitely and to avoid any potential bankr...
- Govt bailout for Kingfisher defies logic, says Spicejet chief Neil MillsPrime Minister Manmohan Singh had said that steps would have to be taken to help the private sector entities if they get into difficulties.
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