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SPICEJET MONEY
India’s youngest airline adds flights while Iran war crimps rivalsIndia's youngest airline, Akasa Air, is emerging as a significant competitor, expanding capacity by 13.2% while major carriers like IndiGo ...- Jio Financial, ITC Hotels and Manappuram Finance among stocks bought and sold by mutual funds in AprilMutual funds injected Rs 30,600 crore into Indian equities in April, with significant buying in ICICI Bank, SBI, and Sun Pharma. Key reduct...
- SpiceJet Promoter Ajay Singh completes ₹500 crore equity infusion into airlineSpiceJet's founder Ajay Singh has infused ₹294.09 crore into the airline by converting warrants to equity shares, raising the promoter grou...
- Delhi HC slams SpiceJet over upaid dues, asks to confirm if directors willing to be liable for engine lessor duesSpiceJet is under scrutiny by the Delhi High Court for failing to pay Rs 20 crore to its engine lessors, Team France 01 SAS and Sunbird Fra...
- Cash-strapped SpiceJet raises Rs 316 crore as part of funding planBudget carrier SpiceJet raised Rs 1,060 crore through its preferential issue, with investors including Aries Opportunities Fund Ltd. and El...
- 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...
- Pay $4 m to lessors by Feb 15: HC to SpiceJetJustice Pratibha Singh noted that in terms of the previous order, SpiceJet had paid $450,000, but the rest of the money was yet to be paid....
- SpiceJet employees protest over non-payment of full salaries; issue resolved, says airlineAmong the domestic carriers, SpiceJet is in a precarious financial stage and the airline has barely been able to manage payment to various ...
- As AAI seeks Rs 186-crore bill payment, SpiceJet claims more in damagesThe airline owes AAI about ₹186.50 crore, including interest, versus bank guarantees of ₹154 crore. An airline executive further said that ...
- Pay Rs 579 crore in share transfer dispute, Supreme Court tells SpiceJetUnder the share-purchase agreement, KAL Airways and Maran were to receive redeemable warrants in return for the Rs 690 crore they spent on ...
- SpiceJet shares jump over 8% intraday on fleet expansion plansChairman and main promoter Ajay Singh will look at putting in more money for fleet expansion, even as he continues to explore various inves...
- Promoter Ajay Singh to invest more in 'upswing' SpiceJet's fleet expansionWith fortunes of SpiceJet on an "upswing again", its chairman and main promoter Ajay Singh will look at putting in more money for fleet exp...
- Spicejet's proposed investment of Rs 1,500 crore yet to come in: SourcesThe Ministry has also not received any fresh communication from SpiceJet, which is in the process of change in management control, on its r...
- Rescue plan for SpiceJet seen by end of January: SourcesSpiceJet co-founder Ajay Singh said he was working on a financial plan with U.S. private equity investors, under which the current owners w...
- Don't fleece flyers grounded by SpiceJet's woes: DGCA"We have asked airlines to charge a reasonable fare from passengers of SpiceJet’s flights that have been cancelled at the last minute," sai...
- Infra status may help airline industry access cheaper loans, infra debt fundsGovernment officials said SpiceJet may decide on funding for the airline at a board meeting scheduled on Monday. SpiceJet confirmed the mee...
- DGCA will not review move to impose curbs on SpiceJetGovernment officials said Spice-Jet may decide on funding for the airline at a board meeting scheduled on Monday. SpiceJet confirmed the me...
- 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.
- SpiceJet looks to rope in new investor as Istithmar exitsGurgaon-based low-cost carrier SpiceJet has appointed the investment banking arm of financial services company Edelweiss to find a strategi...
- SpiceJet plans to raise Rs 200 crLow-cost carrier SpiceJet, which attracted a Rs 380-crore investment from US billionaire Wilbur Ross last year, is now planning to raise cl...
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