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SPICEJET RECENT DEVELOPMENTS
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 ...- China-Southern Airlines announces resumption of Guangzhou-New Delhi flights ahead of President Xi's Delhi visitThis marks the relaunch of China Southern's India service after a six-year suspension. Following the restart, the airline will run over 100...
- SpiceJet secures MoU for 10 aircraft, bets on more than doubling capacitySpiceJet is set to significantly expand its operations. The airline has received a Memorandum of Understanding for ten new aircraft. This m...
- SpiceJet signs pact with US-based StandardAero to restore grounded Boeing 737 MAX aircraft fleetSpiceJet has partnered with StandardAero to restore three grounded Boeing 737 MAX aircraft by April 2025. This move, along with a recent fu...
- SpiceJet, Genesis reach agreement in $16 million dispute, share prices shoot upSpiceJet and Genesis resolved a $16 million dispute. SpiceJet paid $6 million and gave Genesis $4 million in equity. This settlement streng...
- 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 takes ownership of Q400 aircraft from NAC to save more moneySpiceJet has secured ownership of six Q400 aircraft through a settlement with NAC, saving on monthly rentals and bolstering long-term finan...
- SpiceJet reaches settlement with Canada's EDC to resolve liabilities worth Rs 755 crSpiceJet announces a settlement agreement with Export Development Canada (EDC) to resolve liabilities amounting to Rs 755 crore, resulting ...
- SpiceJet resolves Rs 413 cr dispute with Echelon Ireland Madison OneSpiceJet announced the resolution of its Rs 413 crore dispute with Echelon Ireland Madison One, resulting in savings of approximately Rs 39...
- SpiceJet shares jump 5% after DGCA removes airline from enhanced surveillance regimeAviation watchdog DGCA has taken SpiceJet off its enhanced surveillance regime, PTI reported quoting a senior official. The senior DGCA off...
- SpiceJet shares slump 12% as airline placed under 'enhanced surveillance'PTI reported on Tuesday that DGCA has put the carrier under "enhanced surveillance" amid multiple financial headwinds in recent months. How...
- DGCA puts SpiceJet under enhanced surveillance; airline refutesThe focus is to ensure that due to financial issues, there are no potential adverse impact on the flight operations and that there is no "c...
- ICAO rejects SpiceJet's claims of safety clearance, says it never audited any Indian airlineIndian budget airline SpiceJet last week claimed that it passed an audit conducted by the International Civil Aviation Organization (ICAO)....
- SpiceJet's operations, safety processes found to be strong in ICAO auditThe International Civil Aviation Organisation (ICAO) on Monday gave a safety clearance to Indian budget airline SpiceJet on Monday followin...
- SpiceJet ties-up with Hyderabad airport for storage, delivery of Covid-19 vaccineSpiceJet on its part will keep a dedicated fleet of freighters including wide-body aircraft at Hyderabad airport to handle all domestic and...
- SpiceJet merges fuel surcharge with base fare to be more transparent to passengers; IndiGo followsKalanithi Maran-owned low-cost carrier has merged 'fuel surcharge' in airfares along with its base fares, as it attempts to bring transpare...
- Kalanithi Maran to raise Rs 500 crore to retire SpiceJet debtSpiceJet promoter Kalanithi Maran is tapping the market to raise as much as Rs 400-500 crore, in a move to retire the airline’s debt.
- Maran to take over as SpiceJet chairmanSUN TV Group promoter Kalanithi Maran will take over as chairman of the budget airline SpiceJet, and an announcement to this effect is like...
- 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...
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