Airline SpiceJet Gets the Green Light for ₹30 Billion Capital Raising SpiceJet's board of directors has approved a capital raise of INR 30 billion rupees (approximately $400 million) through institutional placements to qualified institutional buyers. By Priyal Dutta 29 Jul 2024 Share Twitter Share Whatsapp LinkedIn
Airline SpiceJet Denies Pension Fund Neglect Amidst Allegations SpiceJet has rejected accusations that it did not make provident fund contributions for its employees for more than two and a half years, claiming that it does so regularly. By Priyal Dutta 18 Jul 2024 Share Twitter Share Whatsapp LinkedIn
Airline SpiceJet's CFO Ashish Kumar Resigns, New Deputy CFO Named SpiceJet's head of finance and chief financial officer, Ashish Kumar, left the firm on July 16 to "pursue other opportunities." The financially troubled airline made the announcement to the stock exchanges. By Priyal Dutta 18 Jul 2024 Share Twitter Share Whatsapp LinkedIn
Aviation June Air Traffic Data: IndiGo Leads, Akasa Air Excels According to data released by the Directorate General of Civil Aviation (DGCA), 1.32 crore passengers were transported by domestic airlines in India in June. By Priyal Dutta 17 Jul 2024 Share Twitter Share Whatsapp LinkedIn
Airline SpiceJet’s Smart Move: Resolving Genesis SPV Dispute SpiceJet aims to settle a 1.15 billion rupee (USD13.8 million) claim by GASL Ireland Leasing A 1 Limited, an aircraft leasing company controlled by Genesis Aircraft Services. By Priyal Dutta 09 Jul 2024 Share Twitter Share Whatsapp LinkedIn
Airline SpiceJet in Hot Water for Court Contempt The Delhi High Court has issued a contempt notice to SpiceJet for failing to return three aircraft engines to lessor TWC Aviation Capital by the new deadline of July 8, 2024. By Priyal Dutta 04 Jul 2024 Share Twitter Share Whatsapp LinkedIn
Aviation SpiceJet Discontinues Hyderabad Ayodhya Flight Within two months of the launch a direct flight from Hyderabad to Ayodhya, SpiceJet has discontinued this route, effective from June 1. Airline insiders say that the demand for Ayodhya has petered out after the initial euphoria. By Sam 12 Jun 2024 Share Twitter Share Whatsapp LinkedIn
Airline Three More Weeks for SpiceJet To Return Leased Assets The extension is due to SpiceJet not returning the assets in question by May 28, 2024, as instructed by the court earlier. The airline is now supposed to return the leased assets by June 17. By Mrinal Verma 27 May 2024 Share Twitter Share Whatsapp LinkedIn
Industry SpiceJet Seeks Rs 450 crore Refund from Marans A war of words has begun between SpiceJet and its former owners, the Maran family. The exchange is over a High Court order which the two sides are interpreting differently. By Sam 23 May 2024 Share Twitter Share Whatsapp LinkedIn