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SPICEJET CRISIS
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...- SC rejects SpiceJet's plea in Rs 144 cr case with Kalanithi Maran & Kal Airways, asks it to move Delhi HCThe Supreme Court of India on Tuesday asked SpiceJet to approach the Delhi High Court for more time to deposit Rs 144 crore in its dispute ...
- 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...
- IndiGo, SpiceJet & other travel stocks plunge up to 7%. Two big reasons whyTravel stocks, including IndiGo, SpiceJet, ixigo, Toman Cook and Yatra Online, fell sharply after Prime Minister Narendra Modi urged citize...
- 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...
- Airport privatisation: Government weighs bid cap to boost competitionIndia is redefining the rules of the game with its upcoming airport privatisation plans, aiming to curb monopolistic tendencies in the avia...
- Air India, IndiGo, SpiceJet seek ATF price relief; say airline industry on verge of 'stopping operations'Indian airlines Air India, IndiGo, and SpiceJet are in severe financial distress. They warn of halting operations due to soaring jet fuel c...
- Delhi High Court reserves order on SpiceJet's plea to review Rs 144 cr payment order in dispute with MaranThe Delhi High Court has announced it will take more time to decide on a review petition presented by SpiceJet and its head, Ajay Singh. Th...
- 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...
- Maran case: SpiceJet asks for more time to deposit Rs 144 crSpiceJet faces a critical juncture. The airline informed the Delhi High Court that an immediate Rs 144 crore deposit in a dispute with Kala...
- Dubai limits foreign flights until May 31, letters show, hitting Indian airlines hardestDubai has limited foreign airlines to one daily flight until May 31 due to the Iran crisis, impacting Indian carriers who planned numerous ...
- Stocks in news: RIL, TCS, IDFC First Bank, BPCL, SpiceJetIndian equity markets saw profit booking on April 9, ending a five-day rally. Several companies like RIL, TCS, and IDFC First Bank are in f...
- SpiceJet expands capacity by up to 100 flights as IndiGo crisis lingers; stock market responds with big thumbs-upOver the past two months, SpiceJet has inducted 17 aircraft into active operations, and more are on the way, the airline said. This came vi...
- SpiceJet says TDS process has begun, co will deposit 'substantial' amount towards PF soonIndian budget carrier SpiceJet has reportedly not deposited money into its employees' pension funds for at least 18 months and has not subm...
- NCLT issues notice to SpiceJet on aircraft lessor's insolvency petitionA two-member Principal bench of the NCLT headed by President Ramalingam Sudhakar issued the notice to SpiceJet and directed to list the mat...
- SpiceJet ties-up with WheelTug for reserving electric taxi system production slotsThe electric taxi system will enable SpiceJet in saving fuel, reducing carbon emissions as well as noise levels and improving fleet utilisa...
- SpiceJet announces 10-30% cut in March salary for all employeesEmployees will take 10-30% deductions in their March pay. SpiceJet chairman Ajay Singh will take a 30% pay cut. IndiGo, India's largest air...
- SpiceJet to be owned 24% by Kalanithi Maran and his KAL Airways, subject to regulatory approvalThe Delhi High Court kept its order pending on a plea of Sun group head Kalanithi Maran seeking issuance of stock warrants in Spicejet to h...
- 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.
- SpiceJet has a history of fight for survivalSpiceJet traces its lineage to a JV formed by the S K Modi Group and Lufthansa back in 1990s.
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