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SpiceJet on Monday said DGCA's regulatory monitoring should not be construed as a fresh finding of safety deficiencies against the airline. In a clarification to the BSE, the budget carrier, which has been facing operational and financial headwinds, said it was aware of the Directorate General of Civil Aviation's (DGCA) regulatory monitoring. DGCA routinely undertakes safety audits, surveillance and spot checks of airlines as part of its regulatory oversight. SpiceJet has also undergone various such regulatory exercises in the past, and the regulatory monitoring should not be construed or represented as a new declaration or finding of safety concerns against the company, it said in a filing. The stock exchange had sought a clarification from SpiceJet on September 22 after Civil Aviation Minister K Rammohan Naidu said the airline was under DGCA scrutiny. "The current regulatory monitoring/review relating to the company's broader operational and financial position may not be equated
Aviation watchdog DGCA is carrying out the operational and financial scrutiny of budget carrier SpiceJet to ensure that passengers do not face any inconvenience, Civil Aviation Minister K Rammohan Naidu said on Tuesday. As SpiceJet grapples with multiple headwinds resulting in frequent flight delays and operational issues, Naidu also made it clear that the civil aviation ministry has limitations in intervening in the affairs of a private carrier. In July, the airline's domestic market share dropped to 1.6 per cent from 1.9 per cent in June, as per the latest official data. "The immediate activity in the ministry regarding SpiceJet is that we have operational and, to a certain extent, financial scrutiny also being done from the ministry through the DGCA because we don't want any lapse in safety," Naidu said. The minister was responding to a query regarding SpiceJet on the sidelines of signing pacts with states for the next phase of Udaan in the national capital. Naidu said the mini
CIAL on Saturday said there were no adverse weather conditions in Kochi to warrant disruptions to SpiceJet services and accused the airline of spreading misinformation. SpiceJet, in a social media post, said: "Due to bad weather in Kochi, all departures/arrivals and their consequential flights might be affected. Passengers are requested to check their flight status via https:picejet.com/#status." In a passenger advisory, Cochin International Airport Limited said it had noted ongoing operational issues with SpiceJet affecting its international services, including those from Kochi, causing considerable inconvenience and uncertainty for passengers. "SpiceJet has issued a social media communication spreading misinformation by attributing the disruption to bad weather at Kochi," CIAL said. It said there were no adverse weather conditions in Kochi warranting the disruption cited by the airline. "No other airline operating from Kochi has reported such disruptions on account of weather ..
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 ...