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SPICEJET FINANCIAL LOSSES
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...- 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 board meeting on May 7; cost-saving steps, CEO selection likely on agendaAir India's board meets May 7 to discuss cost cuts and a new CEO. The airline faces significant losses and challenges from rising jet fuel ...
- 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...
- UK court orders SpiceJet to pay $8 million to engine lessor over unpaid duesA UK judiciary has ruled that SpiceJet owes Sunbird France 02 SAS nearly $8 million for missed rent and upkeep on three aircraft engines. T...
- SpiceJet ropes in ex-IndiGo exec Sanjay Kumar as Executive Director to steer next growth phaseSpiceJet has appointed former IndiGo executive Sanjay Kumar as Executive Director to lead strategic initiatives focused on expansion and bu...
- SpiceJet delaying salary payments to sizable number of employees: SourceSpiceJet is reportedly delaying salary payments to many employees, with those earning above Rs 55,000 facing delays of 10-15 days. This com...
- SpiceJet expects to restart ops of 10 grounded planes by April 2026SpiceJet, grappling with financial difficulties, aims to revive its operations by restoring 10 grounded aircraft by April 2026, with some e...
- 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 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 shares surge over 7% on reporting consolidated profit in Q4SpiceJet shares surged 7% on Tuesday, reaching Rs 60, following the airline's Q4 profit announcement of Rs 127 crore. This marked a turnaro...
- 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...
- SpiceJet to list on NSE; may get Rs 1,300 cr lifeline from two 'big investors'; stock up 35% in 3 daysSpiceJet may receive a crucial boost as the airline's board prepares to convene on Monday to explore fundraising initiatives. According to ...
- 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...
- In a tactical shift, SpiceJet takes centre stage as InterGlobe Aviation disappoints StreetInterGlobe disappointed the Street with weak financials for the December quarter and its stock fell 23% in the past one week.
- Troubled times for SpiceJet; seeks six weeks time from AAI to find strategic investorAccording to ET Now, SpiceJet management met the Aviation Minister and Secretary last week and asked for time to find an investor.
- SpiceJet auditors dubious about LCC claimsThe red flag for SpiceJet was raised in the audit report along with its result for the quarter ended June 30, 2014.
- SpiceJet falls over 12% as DGCA seeks details of duesDGCA has also sought details on dues to various vendors from SpiceJet to ascertain the airline's financial condition.
- 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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