SpiceJet CMD Ajay Singh takes over as Assocham President
SpiceJetChairman & Managing Director Ajay Singh has assumed charge as the President Assocham, replacing Renew Power MD Sumant Sinha after the completion of his tenure.…
Tag: spicejet
SpiceJet aggressively push for restructuring its balance sheet; expanding its fleet
SpiceJet chief Ajay Singh said the airline is significantly restructuring its balance sheet and will aggressively push for fleet expansion. The airline will also be having…
2 SpiceJet aircraft deregistered by the DGCA upon the lessors’ request
Directorate General of Civil Aviation (DGCA) on Thursday, March 9 deregistered two Boeing 737s leased to SpiceJet per the terms of Irrevocable De-registration and Export…
10 Airline Special Liveries that will appeal to any Aviator
Aircraft spotters, aviation photography enthusiasts, and AvGeeks spend hours in the area surrounding airports looking for an ideal shot. In order to acquire the greatest…
SpiceJet to de-merge cargo arm, convert Carlyle’s debt to 7.5% equity & raise funds via QIP
SpiceJet will de-merge its cargo business to subsidiary SpiceXpress & Logistics into a new company by April 1, the company said in a regulatory filing…
SpiceJet Q3 net profit jumps 160%; shares fly high
Airline operator SpiceJet on February 24 reported a 160% jump in its consolidated net profit at INR 110 crore for the quarter that ended December 2022. Its net profit stood…
SpiceJet to sell 5% stake of SpiceXpress to Carlyle Aviation Partners
Low-cost carrier SpiceJet is likely to enter an agreement with Carlyle Aviation Partners to convert the outstanding lease rental into an equity stake. The proposed…
SpiceJet plans to raise funds & convert outstanding liabilities into equity shares
SpiceJet said its board will meet on Friday to consider options to raise funds as well as to convert certain outstanding liabilities into equity shares…
Indian carrier expected to order over 1,100 planes
India’s aviation sector is poised for a giant leap after the recent mammoth order from Air India for 470 planes. Indian carriers, including IndiGo, are…
SC directs SpiceJet to encash bank guarantee, pay INR 270 crore to Kalanithi Maran
The Supreme Court on Monday, February 13 directed SpiceJet to encash bank guarantee and pay INR 270 crore to Kalanithi Maran within two weeks. The…
SpiceJet to operate direct flights between Shillong and Delhi
The Meghalaya Transport Corporation (MTC) signed an agreement with SpiceJet for operating direct flights between Shillong and Delhi, officials said here. The flights will operate…
Hoax bomb call on Delhi – Pune SpiceJet flight
A call was received regarding the presence of a bomb in a Delhi-Pune SpiceJet plane before its take off on Thursday, January 12, police said. All the…
DGCA took 305 enforcement actions against airlines, individuals in 2022
Aviation safety regulator DGCA took 305 enforcement actions, including imposing financial penalties against various operators and individuals, among others for non-compliance with various norms during…
SpiceJet offers a Debt-to-Equity Conversion Plan to Lessors
SpiceJet has proposed to convert lessors into potential investors in a Debt-to-Equity Conversion Plan to settle all payment disputes. SpiceJet has made the decision to…
SpiceJet shareholders gave the nod to re-appoint Ajay Singh as Director
Ajay Singh will be reappointed as a Director of SpiceJet on Monday, December 26, with the support of the airline’s shareholders. Singh resigned from his…
A total of 2,613 technical snag reported by various airlines in India in last 5 years
A total of 2,613 technical snag related occurrences have been reported by various airlines in the country in the last five years. According to Ministry…
SpiceJet aims to pay off aircraft lessors’ outstanding debts by converting them into investors
SpiceJet, which has been facing challenges with the grounding of 13 Boeing 737 Max aircraft to slump caused by the pandemic to unsettled dues to…
IndiGo ranked No.1 in On-Time Performance in November, followed by Vistara and Air India
IndiGo took the No. 1 spot in on-time performance (OTP) in November, after seven months. It dislodged Air India, which was second. IndiGo carried more passengers sequentially,…
ICAO denies SpiceJet’s false claim of getting audited by the UN body
The International Civil Aviation Organisation (ICAO) has denied SpiceJet‘s claim that the UN body conducted an “exhaustive audit” of the airline and that its “operations, safety processes…
SpiceJet anticipates improved operational results and restructuring advantages in the December quarter; the ICAO audit confirms SpiceJet’s credentials as a safe airline
SpiceJet is seeking to fund $200 million and anticipates better operations and the advantages of restructuring in the current quarter of this fiscal year. Ajay…
