Page 2 - Aviation Spicejet

Mounting trouble: Indian carriers least punctual in last six months

Flight disruptions in July were caused by a faulty update from the cybersecurity firm CrowdStrike that led to an outage of Microsoft apps and services, heavy rains in Mumbai and Delhi

SpiceJet airline's board approves raising Rs 3,000 crore through QIP

Five years back, SpiceJet was operating about 4,000 flights per week. Currently, the airline is operating just about 1,154 flights per week, according to Cirium

SpiceJet to raise $360 mn by selling securities to restore normalcy

The company will issue shares to institutional investors, it said in an exchange filing, without disclosing the price at which they would be sold

SpiceJet gains 5% on fresh capital raising plan; stock up 12% in 4 days

However, in the past six months, the SpiceJet stock has underperformed the market by falling nearly 10 per cent, as compared to 13 per cent rally in the BSE Sensex.

Planning to travel by air during festivals? Your tickets may be costlier

Certain routes have witnessed a jump in airline ticket (year-on-year) prices during the month of September as the demand for air travel remains high amid the festival season

Stocks to watch, July 16: Vedanta, HUL, Lupin, SpiceJet, Jio Fin Services

At 6:40 AM, GIFT Nifty futures traded steady at 24,620, indicating a subdued start for the markets.

Stocks to Watch, June 18: Vodafone Idea, IndiGo, LIC, Pidilite Industries

Asia-Pacific markets were buzzing ahead of the Reserve Bank of Australia's rate decision

SpiceJet aims to raise $250 mn in coming months, says CEO Ajay Singh

SpiceJet Chief Ajay Singh on Wednesday said the airline will be raising around USD 250 million in the next couple of months as the budget carrier works on boosting its operations. The airline is tackling multiple headwinds, including lessor and debt woes, with Singh saying the carrier has faced "significant black swan events". "It is difficult to kill SpiceJet....and we are trying to fix the problems," he said and asserted that the airline's balance sheet will be cleaned up over the next two quarters. Recently, the airline raised USD 150 million and is looking for more funds. The airline plans to raise USD 250 million in the next couple of months and there is a bright enough future, Singh said at the CAPA India Aviation Summit in the national capital. Currently, the carrier has wet leased some aircraft as many of its planes are grounded due to various reasons. "We will grow our own fleet," Singh, the Chairman and Managing Director of the airline, said. Singh also said it is crit

SpiceJet cancels Chennai flights till June 10, cites 'operational reasons'

Sources said that the airline has cancelled a total of about 60 flights until June 10 to and from the Chennai airport due to the aforementioned suspension

Boeing whistleblower suicide: Police conclude investigation in case

A former Boeing manager who raised safety questions about the aircraft maker and was found dead after several days of depositions in South Carolina took his own life, police said on Friday after concluding their investigation. John Barnett, 62, of Louisiana, was found dead March 9, and police had said earlier that his injuries were self-inflicted. Barnett was a longtime Boeing employee and worked as a quality-control manager before he retired in 2017. In the years after that, he shared his concerns with journalists. Barnett said he saw discarded metal shavings near wiring for the flight controls that could have cut the wiring and caused a catastrophe. He also noted problems with up to a quarter of the oxygen systems on Boeing's 787 planes. Information and records reviewed during the investigation uncovered Mr Barnett's longstanding mental health challenges, which had intensified in connection with ongoing legal proceedings related to his whistleblower case, police said in a ...

Delhi HC asks SpiceJet to pay Rs 50 cr or face grounding of two engines

Justice Pratibha Singh instructed the SpiceJet counsel to obtain guidance by May 3 regarding the feasible time period for SpiceJet to pay Rs 50 crore to its lessors

Stocks to Watch: Infy, Bajaj Auto, HDFC Life, ICICI Sec, ITC, SpiceJet

Stocks to watch on Friday, April 19: Balrampur Chini, Bandhan Bank, Exide, GNFC, Hindustan Copper, Metropolis, National Aluminium, Primal Enterprises, SAIL and Zee among 11 stocks in F&O ban today.

SpiceJet to own 13 Bombardier Q400 planes after $91 mn settlement

SpiceJet has over the last few months reached settlements with multiple lessors, including Aercap, as the company looks to restore its grounded fleet and return to full capacity

SpiceJet jumps 4% on reaching settlement deal with Cross Ocean Partners

SpiceJet in an exchange filing on Tuesday said, the airline reached settlement terms with aircraft leasing firm, Cross Ocean Partners, resolving a dispute worth Rs 93 crore.

SpiceJet settles Rs 250 cr dispute with aircraft lessor Celestial Aviation

Both parties reached out to the National Company Law Tribunal (NCLT) last week, and now the matter will officially be withdrawn on March 1

Budget carrier SpiceJet's MD Ajay Singh submits bid for bankrupt Go First

SpiceJet shares closed 11.3% higher on Friday

Delhi High Court allows lessor to inspect engine leased to Spicejet

Company tells court the low-cost carrier was 'cannibalising' parts of the engine

Untrained pilots in fog: DGCA issues notices to Air India, SpiceJet

Hundreds of flights were delayed during the fog season in December

Expressed interest with resolution professional to buy Go First: SpiceJet

SpiceJet itself has been facing a cash crunch for the past several quarters. It is also dealing with multiple court cases regarding money owed to former owner Kalanithi Maran

Spicejet's domestic market share makes consistent gains towards 2023-end

Meanwhile, India's largest carrier, IndiGo, saw a marginal decline in its market share from 62.6 per cent in October to 61.8 per cent in November