Rumblings from Vistara-Air India merger
As Tata Group forces the marriage, some protest aloud while others do so silently
As Tata Group forces the marriage, some protest aloud while others do so silently
The liabilities stem from a loan acquired by the airline in 2011 for the procurement of 15 aircraft, says the airline.
According to Ajay Singh-led airline, SpiceJet is committed to providing seamless connectivity and enhanced services to its passengers during peak travel seasons.
According to news reports, Kashyap and Bhatia are currently serving the notice period till March 31.
Shares of SpiceJet rose 4% to ₹65.40 in intraday trade on the BSE.
India's aviation industry watches open-mouthed as Spicejet’s Ajay Singh attempts to take on more headaches than he already has
Representatives from SpiceJet and Celestial Aviation informed the NCLT last week that settlement terms had been reached and requested an adjournment, which the court granted.
Calling it a “strategic move”, SpiceJet says the collaboration will generate synergies between the two carriers, and improve cost management, revenue growth
PNB and Union Bank will be added to the MSCI Global Standard Indexes, while NMDC, GMR Airport, BHEL, PNB, and Union Bank will enter India standard indices
Through the cost-cutting move, SpiceJet says it'll have an annual saving of up to ₹100 crore