Page 5 of SpiceJet

Spicejet, resolution, dispute, agreement, litigations, financial stability, legal liabilities

SpiceJet moves Supreme Court against grounding of three aircraft engines by Delhi HC

The SC bench headed by Chief Justice DY Chandrachud, along with Justices JB Pardiwala, and Manoj Misra, advised SpiceJet’s counsel…

Updated: September 12, 2024 16:11 IST

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SpiceJet ordered to refund elderly couple for flight canceled during COVID – Here’s how much airline has to pay after 4 years’ delay

Despite multiple requests, the airline failed to return the Rs 13,696 ticket cost, prompting the commission to rule in favor…

September 11, 2024 21:02 IST

In recent months, SpiceJet has been working to address various financial disputes with lessors and creditors.

SpiceJet engine grounding: Delhi HC stands firm on ruling following unpaid dues

The August 14 order required SpiceJet to ground the engines by August 16 and return them within 15 days.

September 11, 2024 13:33 IST

SpiceJet’s debt restructuring deal: Carlyle Aviation to write off $40.17 million in lease arrears

Carlyle Aviation will write off $40.17 million in lease arrears and convert $30 million of its arrears into equity.

September 10, 2024 15:48 IST

SpiceJet shares rise as it signs term sheet with Carlyle to restructure debt

SpiceJet share price today: The stock of the budget carrier has raised investors’ wealth by 0.54% in the past five…

September 9, 2024 15:28 IST

The proposed restructuring does not contemplate any direct benefits to the promoter/promoter group, the airline said.

Carlyle Aviation to raise stake in SpiceJet through equity conversion at Rs 100 per share

Such several equity shares of the company for Rs 100 per share (about 39% premium on Friday’s closing price), subject…

September 7, 2024 12:52 IST

SpiceJet plans to raise over Rs 3,200 crore via debt, equity – Here’s how it plans to use the funds

SpiceJet has outstanding dues amounting to Rs 3,700 crore for aircraft leases, engineering services, and statutory payments.

Updated: September 7, 2024 12:24 IST

Will SpiceJet’s 3-month furlough of 150 crew members affect flight schedules? Here’s all passengers should know

SpiceJet is also entangled in legal disputes involving unpaid dues to aircraft lessors, engine lessors, lenders and former promoter Kalanithi…

August 30, 2024 16:57 IST

The court found merit in the lessors' argument that they were suffering irreparable losses due to SpiceJet's continued use of the engines, which are considered depreciating assets subject to wear and tear.

Delhi HC to hear SpiceJet’s appeal against order to ground and return three aircraft engines to lessors

The controversy stems from an August 14, 2024, order by Justice Manmeet Pritam Singh Arora, which directed SpiceJet to ground…

August 16, 2024 13:27 IST

SpiceJet plane makes precautionary landing in Bagdogra after technical issue, arranges alternate flight for affected passengers

The pilot informed air traffic control (ATC) of the issue and made a safe return to Bagdogra airport within 15…

July 30, 2024 16:07 IST

How and why did Microsoft outage affect Aviation services worldwide?

Screens that display flight information at airports went blank or showed what’s famously known as the “Blue screen of death.”

July 20, 2024 10:05 IST

'Back to stone age': IndiGo issues handwritten boarding passes amid Microsoft outage

‘Back to the stone age’: IndiGo, SpiceJet issue handwritten boarding passes amid Microsoft outage

Microsoft outage: Amid the global Microsoft outage, several airlines resorted to manual check-in and boarding processes at the airports and…

July 19, 2024 14:37 IST

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SpiceJet appoints Joyakesh Podder as Deputy CFO after Ashish Kumar resigns

On the financial front, SpiceJet’s share price surged over 7% on Monday after reporting a six-fold increase in net profit…

Updated: July 16, 2024 21:13 IST

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Delhi HC warns SpiceJet of contempt if it does not return engines to lessor by July 8

The order was passed on an application filed by SpiceJet seeking extension of time till July 8 to return the…

July 3, 2024 02:45 IST

SpiceJet passengers made to wait inside aircraft without AC for an hour amid Delhi heatwave | Watch

Several passengers reported feeling unwell due to the stifling heat inside the aircraft.

June 19, 2024 14:57 IST

spicejet, spicejet ajay singh, spicejet news, spicejet airlines, spicejet funding, spicejet ajay singh funding increase, aviation news

‘Difficult to kill SpiceJet’: CEO Singh says as he reveals airline’s plan to raise $250 million

He also emphasised the importance of establishing aviation hubs in India, stating, “We need to take every possible step” to…

June 5, 2024 16:55 IST

SpiceJet, KAL Airways, Kalanithi Maran, damages, Delhi High Court, refund

SpiceJet refutes claims by KAL Airways and Kalanithi Maran on damages of Rs 1323 crore, says damage claims baseless

SpiceJet has said that assertions on damage claims by KAL Airways and Kalanithi Maran are not only legally untenable but…

May 28, 2024 10:52 IST

Delhi High Court directs SpiceJet to return aircraft, engines

Justices Rajiv Shakdher and Amit Bansal made it clear that it will not grant any interim relief to SpiceJet as the low-cost carrier owes…

May 28, 2024 01:15 IST

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