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SpiceJet shares surge as company plans upgradation of fleet

SpiceJet shares surge as company plans upgradation of fleet

Mon, Jan 29, 2024

The company said that it will now focus on the upgradation of its fleet and cost-cutting measures, as the no-frills airline works on ways to come out of turbulent times.

SpiceJet allots Rs 744-crore shares, warrants on preferential basis

SpiceJet allots Rs 744-crore shares, warrants on preferential basis

Sat, Jan 27, 2024

The airline's board approved the allotment of 5.55 crore equity shares on a preferential basis to 54 subscribers, according to a release dated January 25.

Ayodhya Airport notified as an international airport, to get direct SpiceJet flights from Delhi, Ahmedabad, Jaipur, Patna, and Darbhanga from Feb 1

Ayodhya Airport notified as an international airport, to get direct SpiceJet flights from Delhi, Ahmedabad, Jaipur, Patna, and Darbhanga from Feb 1

Fri, Jan 19, 2024

The Ministry of Civil Aviation announced that it has notified the Ayodhya Airport as an international airport. It said, "It is hereby notified that Ayodhya Airport in Uttar Pradesh is declared as an International Airport and named as “Maharishi Valmiki International Airport, Ayodhyadham”, with immediate effect."

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SpiceJet promoter Ajay Singh to infuse Rs 500 crore into airline

SpiceJet promoter Ajay Singh to infuse Rs 500 crore into airline

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's share dip a day after DGCA puts it under "enhanced surveillance"

SpiceJet's share dip a day after DGCA puts it under "enhanced surveillance"

Wed, Jul 12, 2023

SpiceJet shares dipped 2.95 per cent to Rs 28.97 in morning deals on the BSE.

Financial headwinds: DGCA puts SpiceJet under 'enhanced surveillance'; airline refutes

Financial headwinds: DGCA puts SpiceJet under 'enhanced surveillance'; airline refutes

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.

SpiceJet repays Rs 100 crore loan to City Union Bank

SpiceJet repays Rs 100 crore loan to City Union Bank

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.

SpiceJet enters into settlement agreement with NAC for Q400 aircraft

SpiceJet enters into settlement agreement with NAC for Q400 aircraft

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.

SpiceJet plans to add 10 narrow-body Boeing aircraft, including five B737 Max

SpiceJet plans to add 10 narrow-body Boeing aircraft, including five B737 Max

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.

SpiceJet shares rise over 7% after falling for six straight sessions; here's why

SpiceJet shares rise over 7% after falling for six straight sessions; here's why

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.

SpiceJet raises captains’ salary to Rs 7.5 lakh a month

SpiceJet raises captains’ salary to Rs 7.5 lakh a month

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.

SpiceJet offers flight tickets starting at Rs 1,818

SpiceJet offers flight tickets starting at Rs 1,818

Tue, May 23, 2023

The airline will also include multiple flights for its customers including two International Ude Desh ka Aam Naagrik (UDAN) flights.

SpiceJet insolvency row: DGCA's early warnings reveal brewing trouble

SpiceJet insolvency row: DGCA's early warnings reveal brewing trouble

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.

SpiceJet subsidiary SpiceXpress to get USD 100 mn from UK group

SpiceJet subsidiary SpiceXpress to get USD 100 mn from UK group

Mon, May 15, 2023

SpiceJet, which is facing financial headwinds and an insolvency plea by an aircraft lessor, had recently hived off SpiceXpress.

SpiceJet says no plans to seek insolvency proceedings; starts process to revive grounded planes with USD 50 mn

SpiceJet says no plans to seek insolvency proceedings; starts process to revive grounded planes with USD 50 mn

Thu, May 11, 2023

The statement from SpiceJet comes at a time when a lessor has filed an insolvency resolution plea against the airline and crisis-hit rival Go First being admitted for voluntary insolvency resolution proceedings by the National Company Law Tribunal (NCLT) on Wednesday.

SpiceJet Insolvency Case: NCLT issues notice to SpiceJet on aircraft lessor's petition, next hearing on May 17

SpiceJet Insolvency Case: NCLT issues notice to SpiceJet on aircraft lessor's petition, next hearing on May 17

Mon, May 08, 2023

SpiceJet Insolvency Case: The National Company Law Tribunal on Monday issued a notice to SpiceJet on a petition filed by an aircraft lessor seeking initiation of insolvency resolution proceedings against the budget carrier.

SpiceJet Will Make All Its 25 Grounded Aircraft Ready To Fly In Few Months: Ajay Singh, CMD, SpiceJet

SpiceJet Will Make All Its 25 Grounded Aircraft Ready To Fly In Few Months: Ajay Singh, CMD, SpiceJet

Thu, May 04, 2023

SpiceJet will make all its 25 grounded aircraft ready to fly in the next 2-3 months. Ajay Singh CMD, SpiceJet. Watch Ambarish Pandey's exclusive interview with SpiceJet's top management.

Bad weather in Delhi may impact flight schedule, warns SpiceJet

Bad weather in Delhi may impact flight schedule, warns SpiceJet

Wed, May 03, 2023

In a tweet, aviation firm Spicejet warned its users that bad weather in Delhi might impact flight schedules, arrivals and departures. Delhi and parts of the National Capital Region (NCR) saw fresh rains on Wednesday.

SpiceJet to introduce first international flight service from Agartala next month, says Tripura minister

SpiceJet to introduce first international flight service from Agartala next month, says Tripura minister

Wed, May 03, 2023

Low-cost carrier SpiceJet will introduce its flight service from Maharaja Bir Bikram Airport to Chittagong by the first week of June as necessary clearances for immigration and customs are expected to be approved by this time.

SpiceJet plans to operate more flights under 'Operation Kaveri'

SpiceJet plans to operate more flights under 'Operation Kaveri'

Mon, May 01, 2023

In a release, the carrier said it is in regular touch with the Ministry of External Affairs and the Indian Embassy in Saudi Arabia to coordinate further evacuation efforts.

Q4 results season: The two factors that may aid airlines' revenue but rupee may play spoilsport

Q4 results season: The two factors that may aid airlines' revenue but rupee may play spoilsport

Fri, Apr 14, 2023

Airlines are expected to report year-on-year growth of 65 per cent in revenue for the quarter ended March 2023, driven by improving fuel costs, say analysts.

SpiceJet completes SpiceXpress hive off, results in one-time gain of Rs 2,555.77 crore

SpiceJet completes SpiceXpress hive off, results in one-time gain of Rs 2,555.77 crore

Mon, Apr 03, 2023

The consideration for the slump sale will be discharged by SpiceXpress by issuance of securities in the combination of equity shares and compulsorily convertible debentures to SpiceJet for an aggregate amount of Rs 2,555.77 crore which will also strengthen the balance sheet of SpiceJet.

Aviation stocks end as a mixed bag on these 2 factors – here’s what investors should know

Aviation stocks end as a mixed bag on these 2 factors – here’s what investors should know

Mon, Mar 20, 2023

The newly launched Akasa Air marked an 83.7 per cent occupancy in February, while SpiceJet recorded the highest occupancy of 94.1 per cent, followed by GoFirst (93.1 per cent), Air India (89 per cent), and IndiGo (86.5 per cent).

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