Akasa Air: The Boy Who Cried Wolf
The newest player in India's high drama-prone aviation sector experiences its most forgettable week in a little over a year of take-off.
spicejet
September 2023
August 2023
July 2023
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.
SpiceJet to pay ₹100 cr to Maran; $1.5 mn to Credit Suisse
Delhi HC in last hearing had ordered SpiceJet chief Ajay Singh to pay ₹100 cr to Maran by Sept 10 or warned of attaching airline's assets
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.
Akasa Air beats SpiceJet in domestic market share for second straight month
Akasa Air became the fifth largest domestic airline by cornering a market share of 5.2%, defeating the beleaguered low-cost carrier SpiceJet
SpiceJet posts ₹205 crore profit in Q1
The low-cost carrier recorded the highest domestic passenger load factor of 90% in the first quarter owing to a strong demand for air travel in India.
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.
Akasa Air beats SpiceJet in domestic traffic in June
During the month under review, the market share of Akasa Air increased from 4.8% in May to 4.9% in June.
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
