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Domestic carrier SpiceJet on Monday said it plans to induct three Airbus A320 planes on a damp lease next month to further expand its fleet. The company has already finalised a lease agreement (with the lessor) for these three narrowbody planes, the airline said in a statement. Along with this, SpiceJet said it has also ungrounded a Boeing 737 MAX aircraft and put it back into commercial operations. The additional capacity will support the airline's network requirements during the busy travel season and provide greater operational flexibility across its domestic and international routes, it said. "These aircraft will help us meet growing passenger demand, strengthen operational resilience and enhance network flexibility during a busy travel period," said Debojo Maharshi, Chief Business Officer, SpiceJet. The airline, he said, continues to focus on steadily expanding its fleet and improving operational readiness as we move forward with our growth plans.
The GST department has issued a tax demand of Rs 124.65 crore to struggling airline SpiceJet for non-filing of GST returns for the past several months, an official said on Friday. Initiating action against the airline for failing to file GST returns on time, the GST department has issued a show-cause notice to cancel the company's GST registration, the official said. According to the GST department, SpiceJet consistently committed irregularities in filing GST returns and submitted them late. Consequently, a provisional assessment was filed under Section 62 of the CGST and SGST Act, 2017. Based on this, a total tax demand of Rs 124.65 crore has been assessed for various periods. According to the demand details released by the department, the demand has been fixed at Rs 44.44 crore for the month of November, Rs 43.79 crore for the month of December, Rs 12.19 crore for the month of January, Rs 12.10 crore for the month of February and Rs 12.12 crore for the month of March. GST officia
The Supreme Court on Tuesday asked SpiceJet to approach the Delhi High Court with its plea seeking extension of time to deposit Rs 144 crore in connection with its legal dispute with media baron Kalanithi Maran and Kal Airways. A bench of Justices PS Narasimha and Alok Aradhe took note of submissions made by senior advocate Mukul Rohatgi, appearing for Spicejet, that the ongoing West Asia crisis has impacted the airline's operations and finances. Referring to a recent government's bailout programme for airlines, which has an outlay of Rs 5,000 crore, Rohatgi sought three months time to deposit the amount. The top court, however, refused to grant time and asked the budget airline to move the high court. "What happened before the West Asia crisis? Something which has happened on May 5 (Bailout announcement) cannot become a ground for extension of time," the bench remarked. During the hearing, Rohatgi said, "Private interest must yield to public interest. I have thousands of ...
The Delhi High Court on Monday dismissed pleas by SpiceJet and its promoter Ajay Singh seeking a review of an earlier order to deposit Rs 144 crore in connection with its legal dispute with media baron Kalanithi Maran and Kal Airways. Justice Subramonium Prasad also imposed cost of Rs 50,000 on the airline and Singh. "Dismissed with cost of Rs 50,000," the judge said while pronouncing the verdict. On January 19, the court had directed SpiceJet and Singh to deposit Rs 144 crore with the registry within six weeks against an admitted liability of Rs 194 crore. On March 18, time to make the deposit was extended by four weeks. Singh and his budget airline sought reconsideration of the March 18 direction on several counts, including financial distress amid the ongoing war in West Asia. SpiceJet instead offered a commercial property in Gurugram as security and informed the court that the Centre was willing to offer it some assistance. Maran and Kal Airways opposed the review petitions,
SpiceJet Chairman and Managing Director Ajay Singh on Wednesday said the government's decision to allow only a partial increase in jet fuel prices would be a significant relief for the country's aviation industry at a time of unprecedented global uncertainty. PSU oil marketing companies, under the Ministry of Petroleum, in consultation with the Ministry of Civil Aviation, decided to implement only a partial and staggered increase of 25 per cent or Rs 15/litre for domestic airlines, Civil Aviation Minister K Rammohan Naidu said in a post on X. Airlines are already incurring higher operational costs due to the airspace restrictions in the West Asia region amid the conflict. The situation is forcing carriers to take longer routes for international flights, resulting in increased fuel burn. "The government's decision to allow only a partial increase in Aviation Turbine Fuel prices comes as a significant relief for the Indian aviation industry at a time of unprecedented global ...