SpiceJet mum on sell-out
10 years, 4 months ago

SpiceJet mum on sell-out

The Hindu  

Amid reports of a possible stake sale, low-cost airline SpiceJet on Friday said it was exploring all options to mop up funds to overcome the cash crunch. The statement comes following media reports that promoter Kalanithi Maran, who holds 58.4 per cent stake along with the Sun group, is exploring either a sell-out or partial dilution of his stake. The airline reported the fifth straight quarter of losses for the September quarter at Rs.310 crore, although it was down from the year-ago period when it had a net loss of Rs.559 crore. SpiceJet Chief Operating Officer Sanjeev Kapoor had earlier this week said the process to further recapitalise the airline was on and the airline was on track to get back in black.

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SpiceJet shares though volatile, remains in focus on launch of 24 new flights this summer
1 week ago

SpiceJet shares though volatile, remains in focus on launch of 24 new flights this summer

Live Mint  

Stock Market Today: SpiceJet Ltd share price remains in focus today as the company has announced that it will launch 24 new flights this summer Spice Jet share price movements SpiceJet share price opened at ₹46.61 on the BSE on Wednesday. However with the news flow around expansion of Domestic network the SpiceJet share price gained to intraday highs of …

SpiceJet shares remain in focus on the launch of 24 new flights this summer
1 week ago

SpiceJet shares remain in focus on the launch of 24 new flights this summer

Live Mint  

Stock Market Today: SpiceJet Ltd share price remained in focus today as the company announced that it will launch 24 new flights this summer. However, with the news flow around the expansion of the domestic network, SpiceJet share price gained to intraday highs of ₹47.14. SpiceJet Domestic Network expansion SpiceJet announced that it plans to expand its domestic network and …

SpiceJet founder-promoter Ajay Singh infusing ₹249 crore. What does this mean for the airline?
2 weeks, 2 days ago

SpiceJet founder-promoter Ajay Singh infusing ₹249 crore. What does this mean for the airline?

Live Mint  

Domestic carrier SpiceJet on March 17 said that its Chairman and Managing Director, founder, and promoter Ajay Singh will infuse ₹294.09 crore into the company, through promoter group company Spice Healthcare. SpiceJet CMD Ajay Singhto Infuse ₹ 249 crore: Details “Spice Healthcare Private Limited, a promoter group company, has converted 13,14,08,514 warrants into an equivalent number of equity shares of …

SpiceJet founder Ajay Singh to infuse ₹294 crore into airline through promoter group entity
2 weeks, 2 days ago

SpiceJet founder Ajay Singh to infuse ₹294 crore into airline through promoter group entity

The Hindu  

SpiceJet on Monday said its founder Ajay Singh will infuse ₹294 crore into the airline through a promoter group entity by way of conversion of warrants into equity shares, following which promoter group’s shareholding will increase to over 33%. Mr. Singh, also the Chairman and Managing Director of the carrier, will be infusing the funds through Spice Healthcare Private Limited, …

SpiceJet promoter holding to rise to 33.5% on the conversion of warrants; share price jumps over 5%
2 weeks, 2 days ago

SpiceJet promoter holding to rise to 33.5% on the conversion of warrants; share price jumps over 5%

Live Mint  

SpiceJet's share price climbed over 5 per cent in morning trade on the BSE on Monday, March 17, after the airline, in an exchange filing, announced that a promoter group had converted warrants into shares. Promoter's stake in SpiceJet rises SpiceJet on March 17 announced that its founder and promoter, Ajay Singh, through a promoter group company- Spice Healthcare Private …

SpiceJet Block Deal: Promoter Ajay Singh sells 1.15 crore shares worth ₹52 crore; stock tanks 6%
2 weeks, 5 days ago

SpiceJet Block Deal: Promoter Ajay Singh sells 1.15 crore shares worth ₹52 crore; stock tanks 6%

Live Mint  

SpiceJet share price plunged more than 6% on Thursday, extending its slide for the fourth consecutive session. SpiceJet shares saw a block deal during Thursday’s trading session, wherein its promoter Ajay Singh sold a significant number of company’s shares. Ajay Singh, Chairman and Managing Director of aviation carrier SpiceJet sold 1,15,38,462 shares of SpiceJet, representing 0.89% stake in the company, …

SpiceJet share price falls nearly 12% in two days; here’s what analysts say
Trending News
1 month ago

SpiceJet share price falls nearly 12% in two days; here’s what analysts say

Live Mint  

SpiceJet share price remained under selling pressure for the second straight session on Friday, with the domestic aviation stock falling nearly 12% in two days. After the Q3 results, SpiceJet share price dropped by more than 8% during Thursday's trading session, and it has fallen by over 5% in Friday's session. Technical Views SpiceJet share price today opened at ₹43.50 …

SpiceJet share price dips 8% despite ₹26 crore profit in Q3FY25; here’s what Nuvama suggests
1 month ago

SpiceJet share price dips 8% despite ₹26 crore profit in Q3FY25; here’s what Nuvama suggests

Live Mint  

SpiceJet share price plunged over 8 per cent in Thursday's trading session despite the aviation company posting a ₹26 crore profit in Q3FY25. SpiceJet's total revenue climbed 35% year-on-year to ₹1,651 crore in Q3, while its passenger load factor remained steady at 87 per cent, reflecting consistent occupancy levels. This fund infusion helped SpiceJet attain a net worth of ₹70 …

Explained: Why Nuvama cut Spicejet share price target despite profit in Q3
1 month ago

Explained: Why Nuvama cut Spicejet share price target despite profit in Q3

India Today  

SpiceJet stock tumbled over 8% during intraday trade on Thursday, even though the airline made a Rs 26 crore profit in Q3FY25 after losing Rs 300 crore in the same quarter last year. SpiceJet also managed to raise Rs 3,000 crore from institutional investors, which gave it a net worth of Rs 70 crore—the first time in 10 years it’s …

Spicejet share price jumps 7% after re-induction of grounded flight in operations
2 months ago

Spicejet share price jumps 7% after re-induction of grounded flight in operations

Live Mint  

Stock Market Today: SpiceJet share price gained almost 7% during the intraday trades on Tuesday. Spice jet on Monday post market hours had announced Re-Induction of First Grounded 737 MAX Aircraft into Service SpiceJet share price movement The SpiceJet share price opened at ₹44.48 on the BSE on Tuesday, almost 1.4% higher than the previous days closing price of ₹43.87. …

SpiceJet share price surges 9% amid stock market crash. Why is the airline stock flying high? Explained
3 months, 2 weeks ago

SpiceJet share price surges 9% amid stock market crash. Why is the airline stock flying high? Explained

Live Mint  

Stock Market Today: Shares of airline SpiceJet shot up nearly 9 per cent in intra-day trade on Thursday, December 19 after the company informed bourses that it has reached a settlement with Genesis to resolve over a $16 million dispute. As part of the settlement agreement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet …

Explained: Why SpiceJet share price jumped nearly 8% today
3 months, 2 weeks ago

Explained: Why SpiceJet share price jumped nearly 8% today

India Today  

SpiceJet shares jumped nearly 8% on Thursday after the airline announced a settlement with aircraft lessor Genesis, resolving a $16 million dispute. Under the agreement, SpiceJet will pay Genesis $6 million, while the lessor will acquire $4 million worth of SpiceJet equity at Rs 100 per share. In a statement, Ajay Singh, Chairman and Managing Director of SpiceJet, said, “This …

Spicejet claims it has cleared pending employee provident fund dues; shares recover 5% from day’s low
3 months, 2 weeks ago

Spicejet claims it has cleared pending employee provident fund dues; shares recover 5% from day’s low

Live Mint  

Budget carrier SpiceJet has said that it has cleared all the pending employee provident fund dues amounting to ₹160.07 crore for over two years. In the past three months, SpiceJet said in a statement on Friday, December 13, the airline raised ₹3,000 crore through qualified institutional placement, which has helped to clear pending dues such as employee salaries, tax deducted …

SpiceJet's Ajay Singh May Sell Over 10% Stake in Airline to Raise Funds
6 months, 3 weeks ago

SpiceJet's Ajay Singh May Sell Over 10% Stake in Airline to Raise Funds

News 18  

SpiceJet promoter and chairman Ajay Singh may offload more than 10 per cent stake in the struggling carrier as part of the latest funding round that is expected to close by the end of September, according to sources. One of the sources said that Singh could offload up to a 15 per cent stake in the airline if certain conditions …

SpiceJet chairman Ajay Singh may sell over 10% stake in airline to raise funds
6 months, 3 weeks ago

SpiceJet chairman Ajay Singh may sell over 10% stake in airline to raise funds

The Hindu  

SpiceJet promoter and chairman Ajay Singh may offload more than 10% stake in the struggling carrier as part of the latest funding round that is expected to close by the end of September, according to sources. One of the sources said that Mr. Singh could offload up to a 15% stake in the airline if certain conditions are conducive. Mr. …

SpiceJet to raise up to ₹3,000 crore via QIP
8 months, 1 week ago

SpiceJet to raise up to ₹3,000 crore via QIP

Live Mint  

In a relief for low-cost carrier SpiceJet, the board of the budget carrier on Tuesday approved raising up to ₹3,000 crore through a qualified institutional placement. The company informed the stock exchanges that its board has considered and approved raising funds aggregating up to ₹3000 crore through the issue of shares or any other eligible securities to qualified institutional buyers. …

SpiceJet secures lease agreements for 10 aircraft to bolster summer capacity
1 year ago

SpiceJet secures lease agreements for 10 aircraft to bolster summer capacity

Live Mint  

SpiceJet, in preparation for the upcoming summer schedule, has finalised lease agreements for 10 aircraft, to enhance capacity and ensure smooth connectivity for passengers during peak travel seasons, the company said in a release on March 14. Additionally, SpiceJet resolved a ₹93 crore dispute with aircraft leasing firm Cross Ocean Partners, securing the transfer of an airframe and an engine …

SpiceJet shares crash 10% after 2 senior executives resign: Will slump continue?
1 year ago

SpiceJet shares crash 10% after 2 senior executives resign: Will slump continue?

Hindustan Times  

SpiceJet share price: Shares of SpiceJet fell 9.7 percent to ₹54.6 per share today after Chief Operating Officer Arun Kashyap and Chief Commercial Officer Shilpa Bhatia reportedly resigned. The company said that this was part of SpiceJet's strategic restructuring, adding, “As part of SpiceJet's strategic restructuring, several members of the commercial team including the Chief Commercial Officer have left the …

SpiceJet share price plunges nearly 10% on two senior executives resignations
1 year ago

SpiceJet share price plunges nearly 10% on two senior executives resignations

Live Mint  

SpiceJet share price slumped nearly 10% in Tuesday's session after news of two senior executives resignations. It has also been some time since Chief Commercial Officer Shilpa Bhatia put in her papers," one of the sources told Mint. The announcement that the spouses of Spicejet's chief operational officer Arun Kashyap and chief commercial officer Shilpa Bhatia had founded a new …

SpiceJet share price jumps 4% after this declaration before Delhi High Court
1 year ago

SpiceJet share price jumps 4% after this declaration before Delhi High Court

Live Mint  

Stock market today: SpiceJet share price today witnessed buying interest as the aviation company has declared to have settled ₹93 crore dispute with the aircraft leasing company Cross Ocean Partners. The joint declaration was made by both parties before the Delhi High Court in the ongoing execution petition being pursued by Cross Ocean Partners. SpiceJet share price today opened upside …

SpiceJet to submit offer to Go First after due diligence to create an ‘airline in collaboration’
1 year, 3 months ago

SpiceJet to submit offer to Go First after due diligence to create an ‘airline in collaboration’

Firstpost  

The news, which pushed up SpiceJet shares by more than 7%, came after Go First’s lenders began contemplating the airline’s liquidation after they did not get any bids for it within the late November deadline Budget carrier SpiceJet said on Tuesday that it will submit an offer with the resolution professional of Go First after due diligence to “create an …

SpiceJet to soon list shares on National Stock Exchange
1 year, 3 months ago

SpiceJet to soon list shares on National Stock Exchange

The Hindu  

No-frills airline SpiceJet on December 11 said it will soon be listing its securities on the National Stock Exchange. Shares of the carrier, which is navigating financial turbulence, jumped more than 8% in the morning trade on the BSE. In order to reach a wider investor base, "the company shall soon be listing its securities on National Stock Exchange of …

SpiceJet share price rises over 5% on fundraising plans; check details
1 year, 8 months ago

SpiceJet share price rises over 5% on fundraising plans; check details

Live Mint  

SpiceJet share price rose over 5% on Thursday's session following the announcement that the airlines promoter Ajay Singh offered to infuse ₹500 crore into the company to improve the airline's financial status. In order to improve the company's financial position, promoter Ajay Singh offered to invest ₹500 crore by way of subscription to equity shares and/or convertible securities/equity share warrants …

SpiceJet takes off in Q3 but the route ahead is turbulent
2 years, 1 month ago

SpiceJet takes off in Q3 but the route ahead is turbulent

Live Mint  

Shares of SpiceJet Ltd are up 11% so far post the announcement of December quarter results. It reported net profit of ₹107 crore versus a loss of ₹838 crore in the September quarter. But given the strong yield, it reported Ebitdar of Rs591 crore versus loss of Rs387 crore in the September quarter. “The addition of the 737-8 MAX aircrafts …

SpiceJet in active discussion for partial stake sale
2 years, 7 months ago

SpiceJet in active discussion for partial stake sale

India TV News  

SpiceJet in active discussion for partial stake sale SpiceJet's Rs 50 crore bank guarantee will soon be released by the Airports Authority of India, following the airline clearing all its principal dues. Highlights With the news of possible stake sale, the shares of the airline rose around 5% to trade at Rs 46.55 The airline continues to be in discussions …

SpiceJet: Flying on a wing and a prayer
2 years, 8 months ago

SpiceJet: Flying on a wing and a prayer

The Hindu  

Published : Jul 20, 2022 17:26 IST Update, July 27:The DGCA has ordered SpiceJet to operate just 50 per cent of its sanctioned flights for eight weeks. In March 2020, the then Civil Aviation Minister Hardeep Singh Puri had shared some statistics in Parliament, according to which about 70-80 per cent incidents occurred due to engineering/technical issues, including system component …

SpiceJet director Ajay Singh booked for allegedly duping businessman of lakhs, airline calls case 'bogus'
2 years, 8 months ago

SpiceJet director Ajay Singh booked for allegedly duping businessman of lakhs, airline calls case 'bogus'

India TV News  

Highlights Complaint of alleged fraud filed by an individual against Chairman Ajay Singh is bogus: SpiceJet A defamation suit will be filed against the complainant Amit Arora, said SpiceJet According to complaint, Singh had delivered fake depository instruction slip for 10L shares to Arora SpiceJet news updates : SpiceJet on Tuesday said the complaint of alleged fraud filed by an …

SpiceJet hires 500 Jet Airways employees, including 100 pilots
5 years, 11 months ago

SpiceJet hires 500 Jet Airways employees, including 100 pilots

Live Mint  

Mumbai: Budget airline SpiceJet Ltd on Friday said it has already absorbed over 500 Jet Airways employees, including 100 pilots, and is open to induct more as it adds new planes and flights to fill the gap left by the grounded airline in India's aviation space. SpiceJet is giving "first preference" to Jet Airways employees in recruitment, the airline's chairman …

SpiceJet expects to induct 27 planes in two weeks, shares hit 52-week high
5 years, 11 months ago

SpiceJet expects to induct 27 planes in two weeks, shares hit 52-week high

Live Mint  

Shares of SpiceJet today surged to a fresh 52-week high, a day after Jet Airways shut down all flight operations indefinitely after lenders declined to extend more funds to keep it going. SpiceJet shares rose as much as 15% to a 52-week high of ₹152 while another carrier InterGlobe Aviation, which operates IndiGo, also attracted strong buying. "If it takes …

SpiceJet shares continue to fly high; zoom over 11%
5 years, 11 months ago

SpiceJet shares continue to fly high; zoom over 11%

Live Mint  

Shares of SpiceJet continued to rise for fourth day in a row Tuesday, zooming over 11 per cent on plans to expand its fleet and announcement of new international destinations. Buying was Shares of SpiceJet zoomed nearly 9 per cent Monday amid the company announcing that it will launch direct flights from Mumbai to seven international destinations, including Colombo, Jeddah, …

SpiceJet, IndiGo shares surge at the expense of Jet Airways
6 years ago

SpiceJet, IndiGo shares surge at the expense of Jet Airways

Live Mint  

Mumbai: Shares of SpiceJet Ltd on Wednesday surged 20% to hit upper circuit on the BSE while IndiGo operator Interglobe Aviation Ltd gained 10% on hopes that the aviation firms will gain financially amid a Jet Airways crisis that refuses to abate. SpiceJet shares rose 16.38% to ₹91.65 apiece on the BSE while IndiGo shares gained 7.3% to end the …

SpiceJet shares fall over 10% to hit four-month low
9 years ago

SpiceJet shares fall over 10% to hit four-month low

Live Mint  

Mumbai: Shares of India’s second largest low-fare airline SpiceJet Ltd on Monday hit a four-month low after its former promoter and media baron Kalanithi Maran dragged its current promoter Ajay Singh and the company over non-issuance of warrants. Sun TV Network Ltd closed at ₹ 368.50 on BSE, up 7.4% from previous close. The Delhi high court on Friday directed …

Smooth takeoff: SpiceJet stock soars nearly 7% after co offers EMI option on its new scheme
9 years, 8 months ago

Smooth takeoff: SpiceJet stock soars nearly 7% after co offers EMI option on its new scheme

Firstpost  

Over the past one month, SpiceJet stock has surged more than 24 percent Shares of low-cost carrier SpiceJet sky-rocketed nearly 7 percent in early trade Friday, boosted by the company’s new scheme offer called ‘Book Now, Pay Later’. As per the scheme announced late Thursday, passengers with credit cards issued by the above mentioned banks can pay as per their …

SpiceJet gains 1% on settlement with Irish lessor
10 years ago

SpiceJet gains 1% on settlement with Irish lessor

The Hindu  

Shares of SpiceJet on Monday settled with gains of over 1 per cent after the budget carrier reached an out of court settlement with its Irish lessor, pushing up its market capitalisation by Rs. The shares of the company opened on a bullish note, then jumped 7.22 per cent to an intra-day high of Rs. “SpiceJet Limited has today entered …

SpiceJet shares soar 20 % on CCI nod
10 years, 1 month ago

SpiceJet shares soar 20 % on CCI nod

The Hindu  

Shares of SpiceJet surged more than 17 per cent in morning trade on Friday after fair trade watchdog the Competition Commission of India approved original promoter Ajay Singh’s plan to acquire controlling stake in the carrier. In a regulatory filing today, SpiceJet said Competition Commission of India has approved Mr. Singh’s proposal to acquire majority stake in the carrier. Ajay …

CCI looking into SpiceJet deal; final decision awaited
10 years, 1 month ago

CCI looking into SpiceJet deal; final decision awaited

The Hindu  

The Competition Commission is looking into SpiceJet’s proposed deal with its original promoter Ajay Singh and a decision is yet to be finalised. According to a CCI official, the Commission received the notice regarding SpiceJet deal about “10-15 days” ago and a final decision on the matter is yet to be taken. Under the revival plan, the carrier’s original promoter …

SpiceJet promoters will suffer huge loss: CFO
10 years, 2 months ago

SpiceJet promoters will suffer huge loss: CFO

The Hindu  

Exiting the cash-strapped SpiceJet will cause “a substantial capital loss” to its existing promoters Sun TV group, says the group CFO, SL Narayanan. In an interview to Business Line, he said, “The existing promoters will be incurring a substantial capital loss on the transfer of these shares.” However, as part of the revival plan submitted to Ministry of Civil Aviation, …

SpiceJet stocks up 9.92 per cent after Maran quits
10 years, 2 months ago

SpiceJet stocks up 9.92 per cent after Maran quits

The Hindu  

SpiceJet is back in limelight as the existing promoters, the Marans of Sun Group, have decided to pass on the ownership and control of the airline to Ajay Singh, who co-founded the airline in 2005. A day after the SpiceJet board approved the transfer of ownership and management, SpiceJet stock surged 10 per cent and got locked in the upper …

SpiceJet shares surge 10% as Ajay Singh checks in
10 years, 2 months ago

SpiceJet shares surge 10% as Ajay Singh checks in

India TV News  

New Delhi: Stocks of SpiceJet today surged nearly 10 per cent after the company returned to original promoter Ajay Singh for its revival in a multi-layered deal worth up to Rs 1,500 crore. Cash-strapped SpiceJet's original promoter Ajay Singh returned to the airline with a long-term plan entailing an investment of up to Rs 1,500 crore, as Maran family agreed …

Bailing out SpiceJet: Marans exit, co-founder Ajay Singh takes over
10 years, 2 months ago

Bailing out SpiceJet: Marans exit, co-founder Ajay Singh takes over

Firstpost  

The troubles of ailing SpiceJet may finally be over. The airline’s co-founder Ajay Singh has singed an agreement with Sun Group Chairman Kalanithi Maran as well as KAL Airways, who control 53 percent stake in the airline to take over ownership and control of the low-cost carrier. The airline’s co-founder Ajay Singh has signed an agreement with Sun Group Chairman …

SpiceJet revival: Singh says more investors to join in
10 years, 2 months ago

SpiceJet revival: Singh says more investors to join in

The Hindu  

Stating that the road ahead for SpiceJet is “pretty tough”, its original founder and new owner Ajay Singh today said he is in talks with more than one investor for fund infusion into the carrier. “SpiceJet is in a tough position and the road ahead is pretty tough but I think the road is worth travelling on,” Mr. Singh told …

SpiceJet stock price up as ownership changes
10 years, 2 months ago

SpiceJet stock price up as ownership changes

The Hindu  

The board of SpiceJet Ltd at its meeting held on Thursday decided to transfer control of the airline to Ajay Singh, who used to run the airline previously. "The Board of Directors of the Company at its meeting held on January 15, 2015, has taken on record the proposal of the principal shareholder and promoter Kalanithi Maran and KAL Airways …

SpiceJet revival plan: Ownership change likely as Ajay Singh, PE funds may pump in $250 mn
10 years, 2 months ago

SpiceJet revival plan: Ownership change likely as Ajay Singh, PE funds may pump in $250 mn

Firstpost  

Ajay Singh and Private Equity funds have begun discussions with markets regulator Sebi over their $250 million investment plan for SpiceJet. Even as potential investors including co-founder Ajay Singh and private equity funds have begun discussions with markets regulator Sebi over their $250 million investment plan in SpiceJet, there are indications that ownership of the cash-strapped airline might change. It …

Desperate measures: SpiceJet may axe 1,000 jobs to cut losses; life support continues
10 years, 2 months ago

Desperate measures: SpiceJet may axe 1,000 jobs to cut losses; life support continues

Firstpost  

SpiceJet had presented a revival plan to the Civil Aviation Ministry in late December but was asked to submit a revised plan with more details Troubled budget airline SpiceJet continued to get life support to remain alive as the company struggled to cut losses and turn attractive for a fund infusion from its saviour Ajay Singh. According to a report …

SpiceJet presents revival plan to government
10 years, 3 months ago

SpiceJet presents revival plan to government

India TV News  

New Delhi: Struggling budget carrier SpiceJet has presented a revival plan to the government, which will be discussed with oil companies and banks before taking a final decision regarding the airline, official sources said today. “SpiceJet has already presented a revival plan to the Civil Aviation Ministry, which will now discuss it with other stake holders like the oil companies …

SpiceJet controls set to change
10 years, 3 months ago

SpiceJet controls set to change

The Hindu  

Embattled airline company SpiceJet is all set to change hands. The official said that the deal structure was yet to evolve adding that the Marans, who own 53.48 per cent stake in the company together with the Sun Group, were open to selling their stake and exiting. Mr. Ajay Singh, who was a close confidant of the late Pramod Mahajan, …

SpiceJet shares continue to plunge, down 17 p.c.
10 years, 3 months ago

SpiceJet shares continue to plunge, down 17 p.c.

The Hindu  

Continuing its plunge for the fourth straight session on Tuesday, shares of SpiceJet tanked 17 per cent even as the beleaguered company got a breather with indications that state-run Airports Authority of India would not press for immediate clearance of Rs 200 crore dues. Amid continued sluggish investor sentiment for the shares of the Kalanithi Maran-led company, SpiceJet plunged 16.97 …

SpiceJet shares sink nearly 13%
10 years, 3 months ago

SpiceJet shares sink nearly 13%

The Hindu  

Shares of budget carrier SpiceJet tumbled nearly 13 per cent in early trade on Monday amid a flurry of negative news including fund drought and large-scale flight cancellations. Concerned over deteriorating condition of SpiceJet and large-scale flight cancellations, aviation regulator DGCA last week withdrew 186 of its slots and asked it to clear salary dues of all its employees by …

Spicejet shares slump nearly 13%
10 years, 3 months ago

Spicejet shares slump nearly 13%

The Hindu  

Shares of Spicejet tumbled nearly 13 per cent on Friday amid reports that the Airports Authority of India has decided to withdraw credit facility to the low-cost carrier. Meanwhile, Civil Aviation Minister Ashok Gajapathy Raju had yesterday said that the airline sector is running through a “lot of turbulent weather” with troubled Spicejet seeming to give “us heart attacks“. The …

SpiceJet mum on sell-out, says exploring all options for funds
10 years, 4 months ago

SpiceJet mum on sell-out, says exploring all options for funds

India TV News  

Mumbai: Amid reports of a possible stake sale, low-cost airline SpiceJet said it is exploring all options to mop up funds to overcome the cash crunch. The statement comes following media reports that promoter Kalanithi Maran, who holds 58.4 per cent stake along with the Sun Group, is exploring either a sell-out or partial dilution of his stake. The airline …

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