SpiceJet

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 asked SpiceJet to move the Delhi High Court for more time to pay Rs 144 crore to Kalanithi Maran and Kal Airways

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 ...

Airline challenges Delhi High Court direction to deposit Rs 144.5 crore in long-running arbitration dispute linked to share transfer with Kalanithi Maran

IndiGo, SpiceJet shares gained on Wednesday after govt approved ECLGS 5.0 to support airlines amid West Asia crisis. Analysts said fuel costs, traffic slowdown remain key risks for the aviation sector

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,

Airline stocks have remained under pressure as crude oil prices extended gains amid escalating tensions in West Asia

Salary delays have stretched to months while fleet size has dropped, pushing the cash-strapped airline to seek govt funding as competition, operational constraints intensify, a media report said

Akasa's aircraft was stationary when SpiceJet's aircraft made contact with it

A SpiceJet aircraft made contact with an Akasa Air plane at Delhi airport, forcing passengers to deplane, with no injuries reported; authorities have begun an investigation

According to reports, the right winglet of the SpiceJet aircraft was damaged, while the left-hand horizontal stabiliser of the Akasa plane was struck in the collision

Maran side calls it rehashed distress plea; court tests feasibility of asset sale

SpiceJet has sought urgent relief from a court order to deposit Rs 144.5 crore in its dispute with the Marans, warning it could disrupt operations and hurt revival efforts

Crude oil prices surged above $100 per barrel as escalating tensions in West Asia spooked investors

Airline stocks rallied as easing of geopolitical tensions has led to a sharp fall in global crude oil prices, which is particularly positive for aviation companies

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 ...

IndiGo and SpiceJet have warned of possible flight disruptions in Delhi as rain and thunderstorms hit the city, urging passengers to check flight status and allow extra time for travel to the airport

Aviation stocks: IndiGo and SpiceJet face pressure from high oil prices, DGCA free-seat rule, and West Asia tensions. Analysts advise caution despite up to 55 per cent drop in stock price in 2026

As of 10:44 AM, IndiGo share price was quoted at ₹4,349.80, up 1.45 per cent, and the SpiceJet share price was quoted at ₹13.10 per share, down 1.8 per cent.

SpiceJet will operate 14 special flights from the UAE on Friday to bring passengers who have been stranded due to the Middle East conflict. Indian carriers cancelled 281 international flights on Thursday due to the Middle East crisis, and the government is closely monitoring the evolving situation in the region. In the last three days, SpiceJet said it has operated 25 special flights from the UAE to Delhi, Mumbai and Kochi. On Friday, the carrier will operate 9 flights from Fujairah to Mumbai, 4 services to Delhi and 1 from Dubai to Pune, according to a statement. The escalating conflict involving US, Israel and Iran have significantly impacted flight operations due to airspace closures.