Fri, Sep 15, 2023
SpiceJet on Friday said that it has complied with the Supreme Court's directive by transferring $1.5 million to Credit Suisse. "SpiceJet Ltd. has complied with the directive of the Supreme Court by remitting $1.5 million to Credit Suisse.
Tue, Sep 12, 2023
SpiceJet completes payments to Kal Airways: The Delhi High Court on Monday had directed Spicejet and its chairman and managing director (CMD), Ajay Singh, to make an RTGS transfer before 4 pm till Tuesday while hearing a plea moved by Kal Airways stating that the order passed by the Court was not being complied with.
SpiceJet shares were down 5.78 per cent, or Rs 2.31 per cent, at Rs 37.69 each in early trading on Tuesday (September 12). The Delhi High court on Monday slapped the airline with an order to pay Rs 37.5 crore by Tuesday (September 12) evening to its ex-owner, Kalanithi Maran.
Mon, Sep 11, 2023
In a statement, the airline said: "SpiceJet acknowledges the legal process and is committed to complying with all court directives and obligations in the Credit Suisse case and will make the payment of $1.5 million as per the court directive."
Tue, Sep 05, 2023
In May, lessors had requested the Directorate General of Civil Aviation (DGCA) to deregister one aircraft each from Wilmington Trust SP Services, Sabarmati Aviation Leasing, and Falgu Aviation leasing with the airline.
The share of the company was up 5.08 per cent at Rs 32.70 in early morning deals on Tuesday (September 5, 2023) a day after it allotted over 4.8 crore shares to its nine aircraft lessors to clear outstanding dues worth around Rs 231 crore.
Fri, Sep 01, 2023
State-run oil marketing companies Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) announced an increase in the jet fuel prices applicable in the four metros.
Thu, Aug 24, 2023
A division bench of Justices Yashwant Varma and Dharmesh Sharma said that it cannot stay the order dated July 31 in view of the Supreme Court's direction of February 13 this year. The court, however, issued notice to Maran and Kal Airways.
Wed, Aug 23, 2023
The appeals came up before a division bench of Justices Yashwant Varma and Dharmesh Sharma which initially listed it for hearing on September 15 as the counsel for Spicejet and Singh were not present.
Mon, Aug 14, 2023
The Supreme Court issued a contempt of court notice to Singh after SpiceJet failed to repay Credit Suisse a loan of $24 million. The court has given Singh four weeks to reply to the notice.
Earlier, Spicejet was to announce its earnings for the fourth quarter of the previous fiscal year ended March 2023 (Q4 FY23) and the first quarter of the current fiscal year ended June 2023 (Q1 FY24) on Friday.
Thu, Jul 13, 2023
SpiceJet share price BSE: Shares of SpiceJet — the second largest airline in India by number of domestic passengers carried — zoomed on Thursday after the airline's promoter and Chairman Ajay Singh decided to infuse Rs 500 crore into the airline through preference shares.
Wed, Jul 12, 2023
The Board of Directors of the Company, which met on 12th July, 2023, considered options for raising fresh capital for the Company where Ajay Singh, Promoter of the Company, in order to strengthen the financial position of the Company, offered to infuse Rs 500 crore.
SpiceJet shares dipped 2.95 per cent to Rs 28.97 in morning deals on the BSE.
Tue, Jul 11, 2023
The Directorate General of Civil Aviation (DGCA) has put SpiceJet under enhanced surveillance for more than three weeks now and it is an ongoing process, the official told PTI.
Mon, Jul 03, 2023
Embattled airline SpiceJet on Monday said it has repaid the Rs 100 crore-loan taken from the City Union Bank and the payment of the last tranche of Rs 25 crore was done in June.
Wed, Jun 21, 2023
The induction of the three planes in addition to the fleet revival and restoration program launched by the airline would result in a substantial addition of planes in the SpiceJet fleet in the coming weeks," said the spokesperson.
Fri, Jun 09, 2023
No-frills airline SpiceJet, which is trying to keep afloat amid several aircraft of its fleet being grounded over payment issues with lessors, on Friday said it plans to add 10 narrow-body Boeing aircraft, including five B737 Max, on lease by October.
Wed, May 24, 2023
SpiceJet share price: At the time of filing the report, SpiceJet shares traded 7.66 per cent higher at Rs 26.01 apiece on the BSE.
Tue, May 23, 2023
The airline had also revised the salaries for its pilots in November 2022, when the salary of captains had been raised to Rs 7 lakh a month for 80 hours of flying.
The airline will also include multiple flights for its customers including two International Ude Desh ka Aam Naagrik (UDAN) flights.
Sun, May 21, 2023
In the nine-month period ending on December 31, 2022, SpiceJet recorded a significant loss of Rs 1,514 crore. As of December 31, its net worth stood at a negative Rs 5,801 crore.
Mon, May 15, 2023
SpiceJet, which is facing financial headwinds and an insolvency plea by an aircraft lessor, had recently hived off SpiceXpress.
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