June 17, 2024 14:58 (IST)
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SpiceJet gets relief as Delhi HC reverses order upholding validity of arbitral award favoring Kalanithi Maran

New Delhi: The Delhi High Court on Friday reversed its previous decision that upheld the arbitral award favouring Kalanithi Maran over low-cost airline SpiceJet, bringing relief to the financially struggling carrier, media reports said.

Delhi High Court orders SpiceJet to pay $1.58 million to engine lessors by May 22: Report

New Delhi: The Delhi High Court directed SpiceJet on Friday to remit $1.58 million to its engine lessors Team France and Sunbird France by May 2 even as it acknowledged negotiations between the budget carrier and the lessors are ongoing, with final settlement terms yet to be established, media reports said.

SpiceJet & Cross Ocean Partners settle Rs 93 crore dispute

New Delhi: Private airline SpiceJet on Tuesday said that it has reached settlement terms with aircraft leasing firm, Cross Ocean Partners, resolving a dispute of about USD 11.2 million (Rs 93 Crore).

SpiceJet shareholders approve plan to raise funds via shares and warrants

Mumbai: Shareholders of SpiceJet have approved the company's proposal to raise funds through the issuance of equity shares and warrants, according to a regulatory filing following the annual general meeting (AGM) on January 10.

SpiceJet to raise Rs 2,250 cr via equity to push growth and improve financial position

Mumbai: SpiceJet's board on Tuesday approved the raising of fresh capital exceeding Rs 2,250 crore, ET reported.

SpiceJet completes Rs 100 cr payment to Kal Airways

New Delhi: SpiceJet has completed the payment of Rs 100 crore to Kal Airways following the Delhi High Court’s order to complete the remaining 22.5 crore of the total due before 4 p.m. on Tuesday.

SpiceJet pays back Rs 100 cr loan to City Union Bank, frees collaterals

New Delhi: SpiceJet on Monday announced the successful settlement of a loan payment amounting to Rs 100 crore to City Union Bank, news agency ANI reported.

SpiceJet reaches settlement agreement with aircraft lessor Nordic Aviation Capital

Mumbai: SpiceJet has reached a settlement agreement with Nordic Aviation Capital (NAC), a prominent lessor of its Q400 aircraft, ANI reported.

'Absolutely no question of filing for insolvency': SpiceJet CEO Ajay Singh on insolvency rumours

New Delhi: Budget airline SpiceJet has said that it is implementing measures to restore its grounded fleet by utilizing the $50 million received from the government's Emergency Credit Line Guarantee Scheme (ECLGS) along with internal cash accruals. The company aims to dispel any rumors of insolvency.

SpiceJet Q3FY23: Net profit soars 161% y-o-y to Rs 110 cr

Mumbai: SpiceJet Ltd Friday reported a significant increase in its consolidated net profit for the quarter ended December 2022, with a 161% rise to Rs 110 crore.

SpiceJet says its operations, safety processes found to be strong by ICAO

Kolkata: SpiceJet operations, safety processes and systems have been found to be in order following an exhaustive audit conducted by the International Civil Aviation Organisation (ICAO).

ICAO finds SpiceJet’s operations, safety processes 'strong'

New Delhi/UNI: SpiceJet on Monday said that the International Civil Aviation Organisation (ICAO) has found the operations, safety processes and systems of the budget carrier 'strong' in its audit.

SpiceJet enters into full and final settlement with Airports Authority of India; clears all outstanding principal dues

Kolkata: SpiceJet has entered into a full and final settlement with the Airports Authority of India (AAI) and has cleared all outstanding principal dues of the airport operator.

SpiceJet aircraft are absolutely safe; DGCA checks reveal no safety violation, says government

Kolkata: A series of spot checks carried out by India’s aviation safety regulator, the Directorate General of Civil Aviation (DGCA), on SpiceJet’s aircraft fleet did not find “any major significant finding or safety violation”, the civil aviation ministry informed Parliament on July 25.

SpiceJet's logistics & cargo business Spicexpress to be hived off by Aug first week: Report

Mumbai: SpiceJet's logistics and cargo wing Spicexpress will be separated and the bankers and shareholders have approved the bifurcation, which will be complete by the first week of June, the carrier's CMD Ajay Singh has said, reported media.