Navi Mumbai Airport Expansion: CIDCO issues tender for third runway study

PIB Fact Check busts Pak claims of Rafale and S-400 destruction in Op Sindoor; flags fake AI video

ADB approves $240 million loan for Chennai metro expansion in India

8 of top 10 firms lose Rs 79,129 crore in a weak market; Bajaj Finance emerges top loser

Govt rolls out measures to support MSMEs with regulatory relief and credit access

Food inflation remained at negative 2.78% in November as CPI rose to 0.71%

‘Off the Record’: Silent approvals, policy scars, an extension that may not come easy…

WPI inflation, India-US trade talks, Rupee movement likely to drive market next week

FIIs sell equity worth Rs 15,959 crore in December so far, DIIs buy for Rs 39,965 crore

CII outlines investment roadmap ahead of Budget 2026-27

In more trouble for cash starved private sector airline SpiceJet, Indonesia-based aircraft lessor PT BBN Airlines has filed an insolvency petition against the Indian company over certain outstanding payments. The petition was filed in the Delhi unit of insolvency court National Company Law Tribunal (NCLT).
PT BBN Airlines has stated that SpiceJet has yet to clear aircraft lease-related dues amounting to $5.94 million owed to it for months.
SpiceJet has sought time to respond to the issue. 
<blockquote>SpiceJet की बढ़ी मुश्किलें
SpiceJet के खिलाफ इनसॉल्वेंसी याचिका दाखिल
NCLT दिल्ली में इंडोनेशिया की PT BBN Airlines 
ने दाखिल की
SpiceJet ने जवाब देने के लिए समय मांगा है
SpiceJet को PT BBN Airlines को भुगतान करना 
बाकी
PT BBN Airlines को $59.4 Lk का भुगतान करना 
बाकी… <a href="https://t.co/jBvQctwOTs">pic.twitter.com/jBvQctwOTs</a>
— Zee Business (@ZeeBusiness) <a href="https://twitter.com/ZeeBusiness/status/1903101673708589346?ref_src=twsrc%5Etfw">March 21, 2025</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>The NCLT is due to hear the matter next on April 21.  
On Friday, SpiceJet shares ended weaker by Re 0.56, or 1.2 per cent, at Rs 47.98 apices on BSE.
The financial trouble has been mounting for the Indian airline.  
Earlier, three other aircraft lessors, NGF Alpha, NGF Genesis and NGF Charlie, and a former pilot at the airline filed similar pleas against SpiceJet over outstanding dues. 
The three lessors’ dues amount to $12.68 million (about ₹ 110 crore).
This week, Spicejet promoter Ajay Singh sold around 2 crore shares in the airline for a sum of Rs 90 crore through the open market.
Provisional bulk deals data available with exchanges showed that Singh, offloaded the shares, representing 1.6 per cent of the company’s equity, at an average price of Rs 45 apiece.
Out of those, 75 lakh SpiceJet shares were grabbed by Plutus Wealth Management, a boutique investment firm, the data showed. Other buyers could not be ascertained immediately.
Singh is the chairman and managing director of the airline.
Prior to that, Singh sold a nearly 1 per cent stake in the airline for Rs 52 crore.
In February, SpiceJet logged a net profit of Rs 26 crore for the three months ended December 31.

In more trouble for cash starved private sector airline SpiceJet, Indonesia-based aircraft lessor PT BBN Airlines has filed an insolvency petition against the Indian company over certain outstanding payments. The petition was filed in the Delhi unit of insolvency court National Company Law Tribunal (NCLT).PT BBN Airlines has stated that SpiceJet has yet to clear aircraft lease-related dues amounting to $5.94 million owed to it for months.SpiceJet has sought time to respond to the issue. SpiceJet की बढ़ी मुश्किलेंSpiceJet के खिलाफ इनसॉल्वेंसी याचिका दाखिलNCLT दिल्ली में इंडोनेशिया की PT BBN Airlinesने दाखिल कीSpiceJet ने जवाब देने के लिए समय मांगा हैSpiceJet को PT BBN Airlines को भुगतान करनाबाकीPT BBN Airlines को $59.4 Lk का भुगतान करनाबाकी… pic.twitter.com/jBvQctwOTs— Zee Business (@ZeeBusiness) March 21, 2025The NCLT is due to hear the matter next on April 21.  On Friday, SpiceJet shares ended weaker by Re 0.56, or 1.2 per cent, at Rs 47.98 apices on BSE.The financial trouble has been mounting for the Indian airline.  Earlier, three other aircraft lessors, NGF Alpha, NGF Genesis and NGF Charlie, and a former pilot at the airline filed similar pleas against SpiceJet over outstanding dues. The three lessors’ dues amount to $12.68 million (about ₹ 110 crore).This week, Spicejet promoter Ajay Singh sold around 2 crore shares in the airline for a sum of Rs 90 crore through the open market.Provisional bulk deals data available with exchanges showed that Singh, offloaded the shares, representing 1.6 per cent of the company’s equity, at an average price of Rs 45 apiece.Out of those, 75 lakh SpiceJet shares were grabbed by Plutus Wealth Management, a boutique investment firm, the data showed. Other buyers could not be ascertained immediately.Singh is the chairman and managing director of the airline.Prior to that, Singh sold a nearly 1 per cent stake in the airline for Rs 52 crore.In February, SpiceJet logged a net profit of Rs 26 crore for the three months ended December 31.

Indonesia-based PT BBN Airlines has stated that SpiceJet has yet to clear aircraft lease-related dues amounting to $5.94 million owed to it for months.

Aircraft lessor files insolvency plea against SpiceJet over $5.94 million dues

news-aircraft-lessor-files-insolvency-petition-against-spicejet-over-594-million-dues-352021

In more trouble for cash starved private sector airline SpiceJet, Indonesia-based aircraft lessor PT BBN Airlines has filed an insolvency petition against the Indian company over certain outstanding payments. The petition was filed in the Delhi unit of insolvency court National Company Law Tribunal (NCLT). PT BBN Airlines has stated that SpiceJet has yet to clear aircraft lease-related dues amounting to $5.94 million owed to it for months. SpiceJet has sought time to respond to the issue.  SpiceJet की बढ़ी मुश्किलें SpiceJet के खिलाफ इनसॉल्वेंसी याचिका दाखिल NCLT दिल्ली में इंडोनेशिया की PT BBN Airlines ने दाखिल की SpiceJet ने जवाब देने के लिए समय मांगा है SpiceJet को PT BBN Airlines को भुगतान करना बाकी PT BBN Airlines को $59.4 Lk का भुगतान करना बाकी… pic.twitter.com/jBvQctwOTs — Zee Business (@ZeeBusiness) March 21, 2025 The NCLT is due to hear the matter next on April 21.   On Friday, SpiceJet shares ended weaker by Re 0.56, or 1.2 per cent, at Rs 47.98 apices on BSE. The financial trouble has been mounting for the Indian airline.   Earlier, three other aircraft lessors, NGF Alpha, NGF Genesis and NGF Charlie, and a former pilot at the airline filed similar pleas against SpiceJet over outstanding dues.  The three lessors’ dues amount to $12.68 million (about ₹ 110 crore). This week, Spicejet promoter Ajay Singh sold around 2 crore shares in the airline for a sum of Rs 90 crore through the open market. Provisional bulk deals data available with exchanges showed that Singh, offloaded the shares, representing 1.6 per cent of the company’s equity, at an average price of Rs 45 apiece. Out of those, 75 lakh SpiceJet shares were grabbed by Plutus Wealth Management, a boutique investment firm, the data showed. Other buyers could not be ascertained immediately. Singh is the chairman and managing director of the airline. Prior to that, Singh sold a nearly 1 per cent stake in the airline for Rs 52 crore. In February, SpiceJet logged a net profit of Rs 26 crore for the three months ended December 31.