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SPICEJET FINANCIAL STRUGGLES
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 emergency landing: Full emergency at Mumbai airport after SpiceJet flight's wheel falls off after take-offSpiceJet emergency landing News: A SpiceJet Q400 flying from Kandla to Mumbai lost an outer wheel after take-off on Friday but landed safel...
- SpiceJet gets weekend task from SC to stop losing three engines to lessorsThe Supreme Court instructed SpiceJet to negotiate with its lessors over the weekend regarding three engines that must be returned due to n...
- 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 seeks urgent SC hearing against Delhi HC’s order grounding 3 aircraft engines for defaulting on payments to lessorsSpiceJet has appealed to the Supreme Court against a Delhi High Court order requiring the airline to ground and return three engines to les...
- Delhi HC refuses to interfere with order directing SpiceJet to ground 3 engines & return them to lessorsThe Delhi High Court has confirmed its earlier ruling requiring SpiceJet to ground and return three engines to lessors Team France 01 SAS a...
- 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 flies empty from Dubai as passengers denied check-in due to unpaid dues: ReportIndia's SpiceJet faced disruptions as unpaid airport dues in Dubai forced it to operate empty flights. Passengers were unable to check in b...
- Delhi HC asks SpiceJet to ground three engines and return them to lessors in 15 daysThe Delhi High Court has ordered SpiceJet to ground and return three engines to lessors Team France 01 SAS and Sunbird France 02 SAS within...
- 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...
- SpiceJet to raise Rs 3,000 crore in latest move to restore normalcySpiceJet aims to raise 30 billion rupees through securities for institutional investors to restore operations amid India's aviation growth....
- SpiceJet gets shareholders' nod for equity fundraisingThe airline hopes the capital infusion will help revive its grounded planes that continue to weigh on the financial results of the company....
- 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 ...
- No question of filing for insolvency, rumours completely baseless: SpiceJet’s Ajay SinghSpiceJet has denied any plans to file for insolvency and says it is concentrating on reviving its grounded fleet and restoring more planes ...
- 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...
- 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...
- Kalanithi's Rs 700-cr offer not too hot for SpiceJet ownersThe deal, if it goes through, will be combination of share sale by existing shareholders and issue of new shares to Mr Maran. GVK to buy Bi...
- Kalanithi's Rs 700-cr offer not too hot for SpiceJet ownersKalanithi Maran, media baron and promoter of Sun TV, and the promoters of SpiceJet are sparring over the price being offered for a majority...
- 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...
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