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SPICEJET FINANCIAL ISSUES
Govt, DGCA keeping close watch on financials, operations of SpiceJet: Civil Aviation Minister NaiduThe government and aviation regulator are closely monitoring SpiceJet's financial health. SpiceJet's domestic market share has recently see...- Sales didn't move, the profit went up. Here's the trick which is used to do thisHere is one that should make you look twice at any company you own. A company paid a supplier Rs. 394 crore, described in its accounts as a...
- 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, ...
- Government says 352 significant tech defects reported in flight operations this year till JuneOver 350 significant technical defects occurred in flight operations this year. Akasa Air reported the highest number of these defects. The...
- 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 lessors seek to take back 4 planes; airline says deregistration will save costsLessors have asked DGCA to deregister four SpiceJet Boeing 737-8 MAX aircraft. These planes have remained non-operational for a prolonged p...
- Mumbai flight status today: IndiGo, Air India, Akasa Air, SpiceJet issue travel advisories as heavy rain disrupts operations; flights divertedMumbai's flight operations are facing significant disruptions due to heavy rainfall and poor visibility. Major airlines like IndiGo, Akasa ...
- 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...
- GST dept issues tax demand of Rs 124 crore to Spicejet, slaps showcause notice for delay in return filingThe GST department has levied a significant tax demand of Rs 124.65 crore on SpiceJet. This action follows the airline's failure to file Go...
- Delhi HC slams SpiceJet for failing to pay $6 mn to Team France 01 SAS and Sunbird France 02 SASDelhi High Court reprimanded SpiceJet and its chairman for not paying $6 million dues to its lessors, ordering a partial payment within a w...
- SpiceJet makes shocking revelation of not paying ₹350 crore in TDS and PF of employeesSpiceJet, facing severe financial strain, has admitted to not paying Rs 220 crore in TDS and Rs 135.3 crore in PF dues from April 2020 to A...
- SpiceJet averts shutdown crisis at Mumbai Airport, ops resume after financial matter resolvedSpiceJet avoided a disruption of its flights from Mumbai’s international airport by resolving a financial issue at the last moment. The air...
- 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 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...
- Former promoter Kalanithi Maran seeks over Rs 2,000 crore compensation from SpiceJetMaran has sought compensation due to losses incurred because of SpiceJet’s alleged failure to issue convertible warrants and preference sha...
- DGCA warns SpiceJet on advance ticket sale order defiance3 days after SpiceJet was directed not to sell advance tickets for beyond 30 days, the LCC has been found to be offering tickets for travel...
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