Tag: SpiceJet

SpiceJet says Carlyle Aviation to write off lease arrears worth $40.17 million

September 10, 2024 admin

SpiceJet says Carlyle Aviation to write off lease arrears worth .17 million

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…

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SpiceJet chairman Ajay Singh may sell over 10% stake in airline to raise funds

September 8, 2024 admin

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…

Business

Spicejet plans to raise over ₹3,200 crore via debt, equity

September 6, 2024 admin

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…

Business

SpiceJet shares slump over 6% as DGCA places carrier under enhanced surveillance

August 30, 2024 admin

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…

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SpiceJet Sends 150 Cabin Crew On Leave Without Pay Amid Financial Crisis

August 30, 2024 admin

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…

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Dubai airport refuses to check-in SpiceJet passengers over airline dues

August 29, 2024 admin

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…

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Grounding of three engines: Delhi High Court refuses urgent listing of Spicejet’s plea challenging order

August 16, 2024 admin

A view of the Delhi High Court. File | Photo Credit: The Hindu The Delhi High Court on Friday (August 16, 2024) refused to grant an urgent listing of low-cost airline Spicejet’s plea challenging an order to ground three aircraft engines by today and hand over those to the lessors within 15 days. The plea…

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Airports Clearing Backlog After Global IT Chaos, Centre Shares An Update

July 20, 2024 admin

The outage, attributed to an update by CrowdStrike, disrupted Microsoft’s Windows systems. New Delhi: Airports across India are still grappling with issues from yesterday’s massive Microsoft outage. Although the situation has improved significantly since Friday’s chaotic scenes, passengers continue to face challenges, particularly at Delhi’s Indira Gandhi International Airport (IGI). At Delhi’s IGI Airport’s Terminal…

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SpiceJet Says Services Up Again After “Resolution” Of Microsoft Outage

July 19, 2024 admin

“We appreciate the understanding and cooperation of our passengers,” said SpiceJet. (Representational) Mumbai: SpiceJet said late on Friday that all its systems at airports, ticket bookings and call centres are up and running smoothly after a “successful resolution” of a Microsoft outage that impacted the aviation industry all through the day. “The technical outage has…

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SpiceJet Staff Slaps Cop At Airport, Airline Says ‘He Called Her Home’

July 11, 2024 admin

Police have registered a case against the female employee. New Delhi: A SpiceJet employee was arrested after she slapped a male assistant sub inspector following an altercation over security screening at the Jaipur airport. The incident was caught on a CCTV camera at the airport. According to CISF officials, Anuradha Rani was stopped by assistant…

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