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SPICEJET DEBT
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...
SpiceJet steps up its winter flight planSpiceJet is planning a significant expansion for the winter season, aiming to add 25 leased aircraft and nearly triple daily flights to 280...
SpiceJet to bring 10 grounded planes back into service by mid-AprilSpiceJet plans to reintroduce 10 grounded planes by mid-April 2025, including four Boeing 737 MAX, enhancing its fleet amid a strong recove...
Another turbulence for SpiceJet? Falgu Aviation claims airline owes it Rs 67 croreFalgu Aviation Leasing Ltd has approached the NCLT against SpiceJet Ltd, seeking unpaid rental dues of Rs 67 crore for a leased Boeing 737....
SpiceJet settles $23.39 million dispute with Aircastle, Wilmington Trust SP ServicesSpiceJet settles $23.39 million dispute with Aircastle and Wilmington Trust for $5 million, resolving ongoing litigations. It previously se...
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, Carlyle Aviation enter into term sheet to restructure certain aircraft lease obligationsSpiceJet has announced a term sheet agreement with Carlyle Aviation Management to restructure aircraft lease obligations amounting to $137....
NCLT asks SpiceJet to file reply to Aircastle's petition in 15 daysThe National Company Law Tribunal (NCLT) has directed SpiceJet to respond within 15 days to Aircastle's insolvency petition. The tribunal w...
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 improves financial position with another Rs 316 crore fundraisingSpiceJet has secured Rs 316 crore in investments, allocated equity shares and issued warrants to investors. The funding strengthens their f...
WLFC asks NCLT to issue notice in Spicejet insolvency caseThe senior counsel for WLFC argued that the company was within its rights to file an insolvency petition Spicejet under Section 9 of the In...
Carlyle Aviation to convert lease rental dues to equity in SpiceJetPeople aware of the development said Carlyle will take an equity stake of around 5% in the company. SpiceJet will also issue Convertible De...
SpiceJet plans to raise funds; shares gain over 2%The proposal comes at a time when the airline industry is grappling with strong headwinds due to the coronavirus pandemic that has also res...
NCLAT dismisses insolvency plea against SpiceJetThe appellate tribunal said there was nothing on record to suggest that the demand notice relating to invoices issued by Ramco System was f...
SpiceJet’s decision to reduce its fleet size and cut down on flights not alike Kingfisher’sSpiceJet’s decision to reduce fleet size and cut flights to address capital woes has led to its comparison with the now-defunct Kingfisher.
Oil prices fall, but high debt a worry for airlinesJet Airways has a debt of Rs 8,615 crore at the end of FY14 while SpiceJet’s debt at the end of September quarter stood at Rs 1,486 crore.
Advantages in operations, low debt to keep SpiceJet steadyThe steep 42% fall in the SpiceJet stock in the last 6 months offered an opportunity to its promoters to raise their stake from 48 % to 52....
SpiceJet to issue convertible securities to promoter, may fetch budget airline nearly Rs 200 croreSpiceJet today said it would issue convertible warrants to its promoter, which could fetch the budget airline nearly Rs 200 crore at the cu...
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.
- Prudent to hold investments in SpiceJet
The past six months have been quite lucrative for airline companies. The stock of SpiceJet, one of the proponents of low-cost carrier model...