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SPICEJET SALARY DELAYS
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...- Centre offers to bail out airlines with Rs 4,000-crore loanIndia plans a ₹4,000 crore emergency credit scheme for airlines, offering sovereign guarantees of up to ₹1,000 crore per carrier to ease st...
- 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 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...
- Once high-flying SpiceJet reveals the reasons behind business turbulenceSpiceJet is experiencing financial turbulence attributed to the pandemic, rising fuel prices, and the global grounding of Boeing 737 Max ai...
- SpiceJet averts shutdown crisis at Mumbai Airport, ops resume after financial matter resolvedSpiceJet avoided a disruption of its flights from Mumbai’s international airport by resolving a financial issue at the last moment. The air...
- 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 delays June salaries amid pressing financial issuesIn an email to pilots sent on Thursday, Virendra Malhotra, vice president of flight operations at SpiceJet said the salaries, which have be...
- 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 shares fall over 4% as investors remain apprehensive of fund infusionCash-strapped SpiceJet is short on liquidity, and investors are apprehensive about fund infusion, CNBC-TV18 said, citing sources. Additiona...
- SpiceJet set to lay off 1,400 employeesStaff cuts have become necessary because of the carrier's ₹60 crore salary bill, said people with knowledge of the matter. "People have alr...
- SpiceJet announces steep salary hike for pilots ahead of Diwali"Captains' salaries revised to INR 7 lakh-a-month for 80 hours of flying. SpiceJet has been revising pilot salaries on a monthly basis; sal...
- 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...
- Mid-air malfunctions come on top of SpiceJet’s financial woesSpiceJet, known for naming its aircraft after the aromatics used to flavor food, has struggled in India’s cut-throat aviation market -- the...
- On revival path, SpiceJet sees return of pilots who flew the coopSome 40-odd SpiceJet pilots, including commanders, had quit between May and June of last year over the uncertainty surrounding the future o...
- Aircraft lessors seek quick equity deal for troubled airline SpiceJetA report said the deal seemed to be floundering on the question of servicing dues run up by the airline, which came to about Rs 700 crore.
- SpiceJet for the second time delays salaries to its staffThe civil aviation ministry had last month directed the airline to clear all salaries by the 7th of each month starting December.
- Investor not on board, SpiceJet delays salariesThe crisis at SpiceJet has deepened with the low-cost carrier (LCC) for the first time ever delaying salary payment to its 5,000-odd employ...
- Signs of turnaround: SpiceJet goes for a 10% pay hike after 3 yearsSpiceJet increased salaries of pilots & crew after three years, a move which may give investors hope that all is not bad with the loss-maki...
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