Delhi High Court asks SpiceJet to pay ₹380 crore to Kalanithi Maran
The Delhi High Court directs SpiceJet to deposit the entire outstanding amount and file an affidavit of assets within four weeks.
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NCLT to hear insolvency plea against SpiceJet on June 1
The matter pertains to non-payment of dues by SpiceJet to its lessor Aircastle Ireland.
SpiceJet hikes captains' salaries to ₹7.5 lakh per month; share zooms 6%
Budget airline had last hiked pilots' salaries in November 2022; new structure will be applicable from May 16
SpiceJet shares tank 19% as airline marks 18th anniversary
The budget airline has seen a consistent drop in its domestic market share in 2023
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 gets NCLT notice on Aircastle’s plea
In the Aircastle issue, notice was issued in the normal course, and there was no adverse ruling against SpiceJet, said the budget airline
Amid GoFirst insolvency, SpiceJet to borrow ₹400 cr to revive 25 grounded planes
SpiceJet says funds for the revival will be drawn from the government’s Emergency Credit Line Guarantee Scheme and better cash accruals
IndiGo, Spicejet, Jet Airways shares rise up to 8% on grounding of Go First Airlines
Aviation stocks witnessed a strong rally on Wednesday amid hope that the grounding of Go First Airlines would boost profits for the rest.
Can small airlines survive in India's new aviation landscape?
In a vastly altered aviation landscape in India, smaller players would have to use every trick up their sleeve to survive.
SpiceJet hives off SpiceXpress; stock jumps
The move paves the way for SpiceXpress to raise funds independently.
