Aviation Spicejet

Why did SpiceJet share rise 8% in overall weak market today? Find here

SpiceJet shares rose after the airline announced the induction of two Boeing 737 aircraft into its fleet, boosting its operational capacity on key domestic and international routes.

SpiceJet surges 14% on heavy volumes in subdued market; here's why

SpiceJet added new flights from Delhi and Mumbai to multiple routes on Friday, as scores of passengers remain stranded across major airports in India due to the ongoing operational crisis at IndiGo

SpiceJet shares jump 7% on aircraft additions; stock up 22% in 2 sessions

SpiceJet added three new aircraft to its operational fleet, including an Airbus A340 wide-body and two Boeing 737s, as part of its winter expansion plan

SpiceJet share price drops 5% after Q1 show; should you buy, sell or hold?

SpiceJet's net worth position strengthened considerably, rising to ₹446 crore as against the earlier deficit of ₹2,398 crore in Q1FY25.

Scare on SpiceJet flight to Pune as window trim detaches mid-air

SpiceJet has said that cabin pressure remained normal throughout the flight and that the dislodged window trim had no impact on safety or structural integrity

Scare on SpiceJet flight to Pune as window trim detaches mid-air

SpiceJet has said that cabin pressure remained normal throughout the flight and that the dislodged window trim had no impact on safety or structural integrity

Man compensated for lost airline baggage: 'Landmark' win for consumers

'Service providers can't hide behind fine print,' say legal experts as SpiceJet is told to pay Rs 2 lakh to passenger

SpiceJet shares pop 3% on settling dispute with Willis Lease; details here

SpiceJet's shares saw an uptick after the company announced the successful resolution of its dispute with Willis Lease Finance Corporation, a global aircraft engine lessor.

SpiceJet to add 10 grounded aircraft by April amid weak stock performance

On January 10, 2025, its shares fell by 5.01 per cent to an intraday low of Rs 50.5, marking a total decline of 7.13 per cent over three days

Aircraft lessor Genesis to buy SpiceJet's stake to settle $16 mn dispute

SpiceJet on Thursday said aircraft lessor Genesis will acquire a stake worth USD 4 million in the airline as part of settling a more than USD 16 million dispute. For the settlement, the airline will also pay USD 6 million to Genesis. The budget carrier, which recently raised Rs 3,000 crore amid financial headwinds, has been settling various disputes with lessors and other entities. Subject to the settlement terms being satisfied, SpiceJet said both parties have agreed to withdraw all ongoing litigations and disputes related to this matter at the appropriate forums. In a release, the airline said it has reached an amicable settlement with Genesis, resolving their over USD 16 million dispute. 'Under the agreement, SpiceJet will pay Genesis USD 6 million and Genesis will acquire USD 4 million in SpiceJet equity at a price of Rs 100 per share,' it said. In September, Carlyle Aviation agreed to convert USD 30 million of lease arrears into SpiceJet equity at Rs 100 per share. Earlier,

SpiceJet secures rights to operate 100 Haj flights from 4 cities in 2025

Haj services have become a critical revenue stream for the airline with Spicejet anticipating to earn Rs 185 crore from these flight operations in 2025

SpiceJet up 3% on settling $23 mn dispute with Aircastle & Wilmington Trust

The spike in SpiceJet share price came after the company announced that it has settled a $23.39 million dispute with Aircastle (Ireland) & Wilmington Trust SP Services (Dublin) Limited for $5 million

FIR against Ajay Singh, SpiceJet board surfaces day after clearing PF dues

The Delhi Police's Economic Offence Wing had filed an FIR against SpiceJet's managing director Ajay Singh and top officials for cheating and criminal conspiracy in September

SpiceJet soars 10% as company successfully raises Rs 3,000 crore via QIP

SpiceJet's board approved the issue and allotment of 48,70,12,986 equity shares to eligible qualified institutional buyers

SpiceJet's Rs 3,000 cr issue commences, floor price set at Rs 64.79 a share

SpiceJet has set a floor price of Rs 64.79 per share for the sale of securities to qualified institutional buyers through which the budget carrier aims to raise up to Rs 3,000 crore. Last week, shareholders approved a proposal to raise up to Rs 3,000 crore. According to the preliminary placement document, a copy of which has been submitted to the BSE, the floor price has been set at Rs 64.79 per share. "Our company may offer a discount of not more than 5 per cent on the floor price in accordance with the approval of the shareholders by way of special resolution pursuant to postal ballot dated on September 13, 2024, and in terms of Regulation 176(1) of the SEBI ICDR Regulations," it said. The shares will be issued only to eligible Qualified Institutional Buyers (QIBs). The no-frills carrier -- which is grappling with multiple woes, including financial challenges, legal battles and grounding of aircraft -- is looking to raise money that will help it meet various obligations. Shares

SpiceJet shares fly 5.5% in trade; here is what is driving the stock

Large deals of 1.5 million shares take place in SpiceJet, the company plans QIP, restructuring, and settlement with Carlyle Aviation

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

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. The budget carrier -- which is grappling with multiple woes, including financial challenges, legal battles and grounding of aircraft -- is looking to raise money that will help it meet various obligations. One of the sources said that Singh could offload up to a 15 per cent stake in the airline if certain conditions are conducive. Singh, who is the Chairman and Managing Director, would be offloading around 10 per cent shareholding in the airline and the quantum could go up, the second source said. For the proposed QIP (Qualified Institutional Placement), there is already a commitment for up to Rs 2,000 crore and the airline is in discussions with potential investors. Meetings with investors have been held in India and overseas, the sources in the know said. There was

'No immediate concerns': SpiceJet after DIAL asks to clear dues at earliest

Delhi airport operator DIAL has asked SpiceJet to clear its dues at the earliest, sources said on Tuesday even as the airline asserted that there are no immediate concerns regarding payments. There was no official comment from DIAL (Delhi International Airport Ltd), which operates the Indira Gandhi International Airport in the national capital. SpiceJet has been facing financial and legal woes, and aviation watchdog DGCA placed the budget carrier under enhanced surveillance last week. The sources in the know on Tuesday said DIAL has asked the carrier to clear the dues at the earliest. Details about pending dues could not be immediately ascertained. When contacted, a SpiceJet spokesperson said it continues to operate flights normally and that its "payment obligations to DIAL are being fulfilled as per our regular schedule". The spokesperson also said that information suggesting that DIAL has issued a two-day deadline for payment is incorrect. "Our communications with DIAL are ong

SpiceJet stock slips 6% after DGCA puts co under 'enhanced surveillance'

The move comes after an audit of the airline's engineering facilities on August 7 and 8 revealed certain deficiencies.

Delhi HC refuses listing of Spicejet's plea against grounding of 3 engines

The Delhi High Court on Friday refused to grant an urgent listing of low-cost airline Spicejet's plea challenging an order to ground three aircraft engines by today and hand those over to the lessors within 15 days. The plea was mentioned for urgent hearing before a bench of Acting Chief Justice Manmohan and Justice Manmeet P S Arora. The bench said listing the plea during the day was not possible and it will be heard on August 20. "It is very difficult to list it today. Several judges are on leave today. Let the learned judges read the papers (case documents). We will have it on Tuesday," the bench said. Spicejet has challenged a single judge's August 14 order directing it to ground three engines by Friday and hand them over to their lessors within 15 days. The judge had directed the airline to offer prior inspection of the engines to the lessors -- Team France 01 SAS and Sunbird France 02 SAS -- through their authorised representative at the Delhi airport within seven days. Seni