SpiceJet completes payment of $1.5 mn to Credit Suisse; share rises 4%
“SpiceJet has complied with the directive of the Supreme Court by remitting $1.5 million to Credit Suisse,” the airline says in an exchange filing.
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September 2023
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Delhi HC orders SpiceJet's Ajay Singh to pay ₹100 cr to Marans by Sep 10
Delhi High Court warns Ajay Singh that it may attach the airline's assets if the payment is not made by September 10.
SpiceJet shares surge 10% on fund infusion buzz
The Gurugram-based airline will reportedly issue 3.4 crore equity shares of the face value of ₹10 apiece and 13.5 crore warrants to Spice Healthcare.
Maran vs SpiceJet: Delhi HC upholds 2018 arbitral award against carrier
Delhi HC directs SpiceJet to pay ₹579 cr award, along with interest, to airline's former promoter Kalanithi Maran
SpiceJet promoter to infuse ₹500 cr in airline; stock up 7%
Ajay Singh, the promoter of SpiceJet will infuse ₹500 crore by way of subscription to equity shares and/or convertible securities/equity share warrants on a preferential basis.
No question of ‘amicable settlement’ with SpiceJet: Sun group on ₹380-cr award
SpiceJet says the final amount to be paid by either side will be determined by Delhi HC, and that orders in this petition were reserved and are awaited
SC directs SpiceJet to pay entire arbitral amount to Maran; stock dips 3%
SC refuses to grant any extension to SpiceJet, directs to pay ₹380 cr to ex-promoter Maran in the 2018 arbitration award case
No question of filing insolvency, says SpiceJet amid Go First crisis
SpiceJet has initiated the process of reviving its grounded fleet with the $50 million funds received from ECLGS and internal cash accruals.
SpiceJet hives off SpiceXpress; stock jumps
The move paves the way for SpiceXpress to raise funds independently.
SpiceJet sends 80 pilots on leave without pay for 3 months
Decision taken to “rationalise” cost as a prolonged grounding of the MAX fleet has led to excess pilots, says SpiceJet.
