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SPICEJET LIQUIDITY ISSUES
SpiceJet’s meltdown: Rs 5,500 crore raised, but where did the money go?SpiceJet's mounting financial crisis raises serious questions over the fate of more than Rs 5,500 crore raised in recent years, its unpaid ...- Delhi Airport assists passengers following operational disruption of SpiceJet flightsDelhi Airport is assisting passengers affected by SpiceJet flight disruptions. The airline faces ongoing financial and operational difficul...
- 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 shares fall 3%, IndiGo erases morning gains after DGCA mandates 60% free seat selectionAirlines IndiGo and SpiceJet saw their share prices dip after the DGCA mandated that at least 60% of flight seats must be offered without s...
- SpiceJet clears ₹442 crore debt, completes equity share allotment to Carlyle Aviation PartnersSpiceJet has completed an equity share allotment to Carlyle Aviation Partners, reducing its liabilities by Rs 442.25 crore. This move secur...
- Settlement with CAP to help secure $89.5 mn liquidity: SpicejetSpiceJet has reached a settlement with Carlyle Aviation Partners to restructure lease dues of USD 121.18 million, securing USD 89.5 million...
- SpiceJet secures $89.5 mn in liquidity boost through Carlyle SettlementSpiceJet has settled with Carlyle Aviation Partners, unlocking $79.6 million in cash reserves and $9.9 million in credits, while restructur...
- SpiceJet promoter Ajay Singh on how the Rs 2,254 crore lifeline will help the airline expand capacityInvestment will help the airline to induct fresh capacity and reduce liabilities, thereby reducing cost of capital, said SpiceJet promoter ...
- SC warns SpiceJet chief of 'drastic action' in Credit Suisse default caseA bench comprising justices Vikram Nath and Ahsanuddin Amanullah said "drastic steps" will be taken towards Singh if he failed to comply wi...
- SC issues contempt notice to SpiceJet's Ajay Singh in Credit Suisse caseSC issues contempt notice to SpiceJet chairman and managing director Ajay Singh for failing to comply with the "in-principle commercial set...
- Credit Suisse asks Supreme Court to start contempt process against SpiceJet MD Ajay SinghThe investment banking company said that Singh and Spicejet company secretary Chandan Sand should be convicted and sentenced for "wilful, d...
- SC agrees to hear SpiceJet's plea against order to wind up operationsAccording to Credit Suisse AG, a stock corporation registered under the laws of Switzerland, SpiceJet had failed to honor its commitment to...
- Madras HC upholds winding up plea against SpiceJet by Credit Suisse; gives time to airline to challenge ruling in SCThe court stayed the operation of the order till January 28, allowing the low-cost carrier time to challenge the ruling in the Supreme Cour...
- SpiceJet says Madras High Court has stayed earlier order of winding up the airlineIn a filing to BSE, the budget carrier said the Madras High Court had on Monday issued an order of "winding up SpiceJet and appointment of ...
- HC allows winding-up plea against SpiceJet by Credit Suisse AGThe court ruled this in a case filed in 2015, when Credit Suisse AG approached the court to receive the payment assigned to it by the Switz...
- SpiceJet ratings withdrawn by CRISIL; company placed under 'non-cooperative' categoryCrisil Ratings has withdrawn its 'CRISIL D' credit ratings the low-cost carrier SpiceJet after the company did not provide information esse...
- Five aircraft leasing companies based in Ireland take SpiceJet to courtFive aircraft-leasing entities based in Ireland, which had leased out airplanes to the co, have gone to court to recover dues that they cla...
- 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.
- Bankers to SpiceJet not worried about outstanding loansAllahabad Bank, Citibank, City Union Bank, HDFC Bank, ICICI Bank, State Bank of India and YES Bank are the bankers to the airline company.
- SpiceJet looks to raise Rs 400 crore through a share offeringPromoter Kalanithi Maran pledged a large chunk of his holding 10 days back to raise Rs 200 crore for the cash-strapped airline.
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