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In a release, the carrier said it has cleared all the GST dues. File. | Photo Credit: Reuters Debt-ridden SpiceJet on Friday (September 27, 2024) said it has cleared all its Goods and Services Tax (GST) dues. The airline, which raised ₹3,000 crore through the Qualified Institutional Placement (QIP) route last week, had GST dues…
SpiceJet is already facing several insolvency petitions from creditors. New Delhi: The National Company Law Tribunal (NCLT) on Monday issued notice to debt-ridden air carrier SpiceJet over the plea filed by one of its operational creditors. A two-member NCLT bench, comprising Mahendra Khandelwal and Sanjeev Tanjan, has directed Spicejet to file a reply and list…
Read More “SpiceJet Gets Notice From Law Tribunal Over Insolvency Plea From Operational Creditor” »
SpiceJet’s shares jumped as much as 6% after the announcement. (Representational) SpiceJet said on Tuesday that Carlyle Group’s commercial aviation investment and servicing unit will write off $40.2 million of the airline’s lease arrears and convert $30 million of its arrears into equity. The conversion, at 100 rupees ($1.19) per share of SpiceJet, is a…
Read More “SpiceJet Says Carlyle Aviation Will Write Off $40 Million Of Lease Arrears” »
SpiceJet’s shares jumped as much as 6% after the announcement. (Representational) SpiceJet said on Tuesday that Carlyle Group’s commercial aviation investment and servicing unit will write off $40.2 million of the airline’s lease arrears and convert $30 million of its arrears into equity. The conversion, at 100 rupees ($1.19) per share of SpiceJet, is a…
Read More “SpiceJet Says Carlyle Aviation Will Write Off $40 Million Of Lease Arrears” »
SpiceJet had mentioned about the settlement pact with Carlyle Aviation, which had earlier also restructured certain debt with the airline. | Photo Credit: Reuters SpiceJet on Tuesday (September 10, 2024) said Carlyle Aviation will write off aircraft lease arrears worth $40.17 million as part of a settlement agreement that will also result in the entity…
Read More “SpiceJet says Carlyle Aviation to write off lease arrears worth $40.17 million” »
SpiceJet, which had a fleet of 74 planes in 2019, is currently operating around 20 aircraft. | Photo Credit: Reuters SpiceJet promoter and chairman Ajay Singh may offload more than 10% stake in the struggling carrier as part of the latest funding round that is expected to close by the end of September, according to…
Read More “SpiceJet chairman Ajay Singh may sell over 10% stake in airline to raise funds” »
Image used for representative purpose only. | Photo Credit: Reuters Cash-strapped domestic carrier Spicejet plans to raise ₹3,200 crore through QIP, warrants and capital infusion by the promoter, the airline said in a presentation on Friday (September 6, 2024). The funds will be utilised in taking back the grounded fleet in operations, liability settlement, new…
Read More “Spicejet plans to raise over ₹3,200 crore via debt, equity” »
Shares of SpiceJet on Friday morning tumbled over 6%. File | Photo Credit: Reuters Shares of SpiceJet on Friday (August 30, 2024) morning tumbled over 6% after aviation watchdog Directorate General of Civil Aviation (DGCA) decided to place the crisis-hit firm under enhanced surveillance. The stock tanked 6.38% to ₹62 on the BSE after a weak…
Read More “SpiceJet shares slump over 6% as DGCA places carrier under enhanced surveillance” »
Currently, SpiceJet has an operational fleet of around 22 aircraft. New Delhi: Facing financial headwinds, SpiceJet has decided to furlough 150 cabin crew members for three months. The budget carrier is operating with a reduced number of planes amid financial, legal and lessor woes. Currently, it has an operational fleet of around 22 aircraft. A…
Read More “SpiceJet Sends 150 Cabin Crew On Leave Without Pay Amid Financial Crisis” »
Mumbai airport issued an advisory to SpiceJet’s passengers about a likely disruption to their flights and later withdrawn. File | Photo Credit: The Hindu “SpiceJet’s passengers at Dubai airport on Thursday (August 29, 2024) were barred from checking-in over the airline’s failure to clear airport dues,” said multiple industry sources. This forced the airline to…
Read More “Dubai airport refuses to check-in SpiceJet passengers over airline dues” »