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SPICEJET FINANCIAL RELIEF
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 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...
- SpiceJet settles row with EDC, gets ownership of 13 planesSpiceJet has reached a $22.5 million settlement with Export Development Canada, resolving a $90.8 million dispute. This agreement gives Spi...
- SpiceJet clears salary dues days after raising Rs 3,000 cr via QIPSpiceJet has cleared all salary dues for its employees, covering payments for July, August, and outstanding June salaries, following its re...
- Why Goldman, Morgan Stanley are betting on SpiceJet despite all its troublesSpiceJet has raised Rs 3,000 crore through a share sale to institutional investors, including Goldman Sachs and Nomura Singapore. The funds...
- SpiceJet is struggling to defy gravity. What are the odds?SpiceJet, once a leading airline, is grappling with severe financial distress. Grounded aircraft, unpaid dues, and a dwindling market share...
- SpiceJet deposits TDS of employees for 2021-22 fiscalSpiceJet posted a net loss of Rs 789 crore for the June quarter as well as Rs 458 crore for the quarter that ended in March 2022. The carri...
- SpiceJet makes payments in a "graded format" and delays salaries for a second consecutive monthEmployees at SpiceJet claimed on Wednesday that their salaries had been delayed for the second consecutive month despite the low-cost airli...
- SpiceJet up 35% since October 5, can rise further: AnalystsThe stock is currently trading at 14 times its FY20 earnings.
- Crisil downgrades SpiceJet's loan facilitiesCrisil has downgraded the facilities to 'CRISIL BB-/Negative/CRISIL A4' from 'CRISIL BBB/Stable/CRISIL A3+'.
- Ex-promoter Kalanithi Maran and promoter Ajay Singh start SpiceJet dogfightKalanithi Maran of Sun Group, the former promoter of SpiceJet, has dragged current promoter Ajay Singh and the airline to the Delhi High Co...
- Kalanithi Maran in Delhi HC over share transfer dispute with SpicejetSpicejet said that there was no fear of transferring shares to a third party or to Maran as the shares have not yet been issued by the comp...
- 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.
- Struggling SpiceJet gets yet another reliefDGCA today temporarily removed the 30-day booking restriction on the airline even as the government once again ruled out any succour to the...
- 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.
- SpiceJet resumes operation, says it will have 230 flights todayThe carrier was confident about being able to maintain its reduced roster of scheduled flights without resorting to unexpected cancellation...
- SpiceJet moves government, gets temporary reliefBeleaguered SpiceJet tonight got a breather with indications that Airports Authority of India would not press for immediate clearing of Rs ...
- SpiceJet approaches govt to seek help; request to be put up before PMO: MoS for Civil Aviation Mahesh SharmaSuffering a total liability of about Rs 2,000 cr, beleaguered no-frill carrier SpiceJet approached the government and sought urgent financi...
- 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.
- Infra status may help airline industry access cheaper loans, infra debt fundsGovernment officials said SpiceJet may decide on funding for the airline at a board meeting scheduled on Monday. SpiceJet confirmed the mee...
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