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SpiceJet

All ops running after successful resolution of Microsoft outage: SpiceJet

SpiceJet said late on Friday that all its systems at airports, ticket bookings and call centres are up and running smoothly after a "successful resolution" of a Microsoft outage that impacted the aviation industry all through the day. "The technical outage has been fully resolved, and all our systems are back to normal operations," SpiceJet Chairman and Managing Director Ajay Singh said in a statement. The outage, which began Friday morning, affected airlines globally, causing temporary disruptions to online services and airport check-in processes. The airline said that despite the challenges posed by the global technical outage, it is operating all scheduled flights as planned on Friday and claimed there was not even a single cancellation due to the technical outage. "Our team worked to ensure minimal disruption to our passengers' travel plans. We appreciate the understanding and cooperation of our passengers and stakeholders during this time," the airline said.

All ops running after successful resolution of Microsoft outage: SpiceJet
Updated On : 19 Jul 2024 | 11:24 PM IST

Check-in systems down: IndiGo, SpiceJet, Akasa ops hit by major tech glitch

Microsoft cloud service outage disrupts check-in systems across the country. Airlines are working with Microsoft to resolve the technical issues

Check-in systems down: IndiGo, SpiceJet, Akasa ops hit by major tech glitch
Updated On : 19 Jul 2024 | 1:02 PM IST

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.

SpiceJet gains 5% on fresh capital raising plan; stock up 12% in 4 days
Updated On : 19 Jul 2024 | 10:04 AM IST

Go First heads towards liquidation after failed EaseMyTrip, SpiceJet bids

Go First owes creditors - Central Bank of India, Bank of Baroda, and IDBI Bank - around Rs 6,200 crore

Go First heads towards liquidation after failed EaseMyTrip, SpiceJet bids
Updated On : 17 Jul 2024 | 12:15 PM IST

Indian aviation sets record H1FY24 traffic; IndiGo, Tata Group thrive

Although June 2024 saw a decline in domestic passenger traffic in India compared to May 2024, it was the best June on record with 13.6 million passengers compared to 12.4 million in June 2023

Indian aviation sets record H1FY24 traffic; IndiGo, Tata Group thrive
Updated On : 17 Jul 2024 | 10:16 AM IST

SpiceJet CFO Ashish Kumar resigns less than 2 years after appointment

Struggling carrier SpiceJet on Tuesday said its chief financial officer (CFO) Ashish Kumar has resigned from the company, less than two years of his appointment. The airline also announced the appointment of Joyakesh Podder as the new head of finance, designated as deputy CFO of the company from July 15. Kumar was appointed as the CFO in September 2022. "SpiceJet announces the appointment of Joyakesh Podder as the new Head of Finance designated as Dy Chief Financial Officer of the Company, effective from 15 July 2024. The company also announces the resignation of Ashish Kumar, who served as the Head of Finance and Chief Financial Officer," SpiceJet said in the statement. Podder was offered this role in April this year and has joined the SpiceJet team to lead the finance department and support the company's strategic financial initiatives, the company said. This will be his second stint at the Gurugram-based airline. A seasoned chartered accountant with over three decades of exper

SpiceJet CFO Ashish Kumar resigns less than 2 years after appointment
Updated On : 16 Jul 2024 | 10:59 PM IST

SpiceJet shares fly 7% on six-fold jump in Q4 profit; gains 15% in 2 days

SpiceJet shares: SpiceJet airline reported a standalone net profit of Rs 119 crore in Q4FY24

SpiceJet shares fly 7% on six-fold jump in Q4 profit; gains 15% in 2 days
Updated On : 16 Jul 2024 | 2:16 PM IST

SpiceJet posts net loss for sixth consecutive year amid ongoing cash crunch

SpiceJet said that due to its operational and financial position, it has deferred payments to various parties, including lessors, vendors, and statutory authorities

SpiceJet posts net loss for sixth consecutive year amid ongoing cash crunch
Updated On : 15 Jul 2024 | 8:59 PM IST

SpiceJet posts 6-fold jump in profit to Rs 119 cr for March quarter

Budget carrier SpiceJet on Monday reported a six-fold jump in its standalone profit to Rs 119 crore for the January-March quarter of 2023-24 over Rs 16.85 crore profit in the corresponding quarter of the previous year. Revenue from operations during the quarter under review, however, declined 20 per cent to Rs 1,719.37 crore from Rs 2,144.85 crore in the fourth quarter of the financial year ended March 31, 2023, according to a regulatory filing. For the full fiscal 2023-24, the airline posted a loss of Rs 409.43 crore against a loss of Rs 1503 crore in FY 23, as per the filing. For the December quarter, SpiceJet reported a loss at Rs 409.43 crore as against a profit of Rs 106.82 crore in FY23, it stated. "We announce a strong financial performance in Q4 FY2024, with net profit surging sixfold to Rs 119 crore compared to the same quarter last year. The results reflect our relentless efforts to enhance operational efficiency and our commitment to turning around the company's fortune

SpiceJet posts 6-fold jump in profit to Rs 119 cr for March quarter
Updated On : 15 Jul 2024 | 8:51 PM IST

SpiceJet employee slaps CISF man in argument at Jaipur airport, arrested

A SpiceJet staff member was arrested Thursday after she allegedly slapped a Central Industrial Security Force jawan during an argument over security screening, police and CISF officials said. Anuradha Rani, a food supervisor with the airline, was entering the airport along with other staff through the vehicle gate around 4 am when she was stopped by Assistant Sub Inspector Giriraj Prasad for not having valid permission to use that gate, they said. She was then asked to undergo screening at the nearby entrance for airline crew, but there were no female CISF personnel available at the time, CISF officials said. Jaipur airport SHO Ral Lal said the ASI called for a female colleague for the security check, but the argument escalated and the SpiceJet employee slapped him. He said that a case has been registered against the food supervisor under sections 121 (1) (voluntarily causing hurt to deter public servant from his duty) and 132 (assaulting public servant) of Bharat Nyaya Sanhita ...

SpiceJet employee slaps CISF man in argument at Jaipur airport, arrested
Updated On : 11 Jul 2024 | 8:47 PM IST

SpiceJet faces new financial crisis over unpaid provident fund dues

SpiceJet faces new financial crisis: The last provident fund deposit by SpiceJet was made in January 2022 for 11,581 employees, as revealed by a query sent to the EPFO

SpiceJet faces new financial crisis over unpaid provident fund dues
Updated On : 08 Jul 2024 | 5:31 PM IST

SpiceJet faces contempt notice if engines not returned to lessor by July 8

The Delhi High Court has warned SpiceJet of contempt if it fails to return three engines to TWC Aviation by July 8, noting the airline's significant debt

SpiceJet faces contempt notice if engines not returned to lessor by July 8
Updated On : 02 Jul 2024 | 3:55 PM IST

Delhi Airport T1 roof collapse disrupts 22k passengers, shift to T2 and T3

Delhi Airport T1 roof collapse: IIT Delhi structural engineering department to conduct independent assessment of Terminal 1. Operations at T1 will not resume till the assessment is complete

Delhi Airport T1 roof collapse disrupts 22k passengers, shift to T2 and T3
Updated On : 01 Jul 2024 | 12:46 PM IST

Delhi airport T1 roof collapse: Over 20 flights cancelled on Jun 29

More than 20 flights of IndiGo that were to operate from Terminal 1 of the Delhi airport were cancelled on Saturday, a day after the terminal was shut down following the roof collapse incident. A source in the know said 23 flights of IndiGo and 2 flights of SpiceJet that were scheduled to operate from T1 were cancelled on Saturday. There was no immediate comment from IndiGo. However, a SpiceJet source said it has shifted all T1 operations to T3 and all flights were operated on Saturday. Following the roof collapse incident, the operations at T1 were suspended on Friday. The flights that were to be operated from the terminal have been shifted to Terminal 2 (T2) and Terminal 3 (T3). On Friday, Delhi airport operator DIAL said it has set up a technical committee to probe the roof collapse at the airport's Terminal 1 and the primary cause of the incident seems to be continued heavy rainfall.

Delhi airport T1 roof collapse: Over 20 flights cancelled on Jun 29
Updated On : 29 Jun 2024 | 8:12 PM IST

AC in Delhi-Darbhanga flight 'experienced slight inefficiency': SpiceJet

No-frills carrier SpiceJet on Wednesday said the air conditioning in its Delhi to Darbhanga flight "experienced slight inefficiency" during boarding at Delhi Airport even as media reports suggested that passengers had to wait inside the aircraft for an hour without air-conditioning. The air-conditioning, however, kept working normally throughout the journey and the flight also departed on time, SpiceJet said. "SpiceJet flight SG 476 from Delhi to Darbhanga on June 19, scheduled to depart at 11 am, departed on time without any delays. During the boarding in Delhi, the air conditioning initially experienced slight inefficiency due to extreme weather conditions and both doors of the aircraft being open, as boarding was not via the aerobridge," the Gurugram-based domestic carrier said in a statement. The airline's statement came amid media reports that passengers of SpiceJet's Darbhanga flight from Delhi had to wait inside the aircraft without air-conditioning for an hour. The airline

AC in Delhi-Darbhanga flight 'experienced slight inefficiency': SpiceJet
Updated On : 19 Jun 2024 | 11:46 PM IST

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

Stocks to Watch, June 18: Vodafone Idea, IndiGo, LIC, Pidilite Industries
Updated On : 18 Jun 2024 | 7:28 AM IST

SpiceJet's domestic passenger market share drops below Akasa Air in May

SpiceJet carried 554,000 passengers in May, a drop of about 10 per cent month-on-month (MoM). On the other hand, Akasa Air carried 664,000 passengers in May, a jump of about 14.5 per cent MoM

SpiceJet's domestic passenger market share drops below Akasa Air in May
Updated On : 14 Jun 2024 | 4:58 PM IST

NCLT to hear insolvency plea filed by ELF against SpiceJet on August 2

The National Company Law Tribunal (NCLT) has issued a notice to SpiceJet over an insolvency plea filed by Engine Lease Finance BV, an aircraft engine lessor of the debt-ridden air carrier. The single-member NCLT bench has asked SpiceJet to file a response over the Engine Lease Finance (ELF) plea and directed listing the matter for hearing on August 2, 2024. During the proceedings, SpiceJet raised objections over the maintainability of the plea, in which ELF has claimed a payment default of over USD 12 million (around Rs 100 crore). ELF has leased eight engines to SpiceJet. Along with interest and rental, ELF has claimed around USD 16 million dues. Earlier, the matter was listed before a Delhi-based bench of the NCLT on May 29. SpiceJet had then raised objections against ELF's plea citing technical defects and the tribunal gave the engine lessor an opportunity to rectify the errors. On Wednesday, when the defects were rectified, the insolvency tribunal issued a notice to the ...

NCLT to hear insolvency plea filed by ELF against SpiceJet on August 2
Updated On : 13 Jun 2024 | 10:05 PM IST

SpiceJet halts Hyderabad-Ayodhya flights, less than 2 months after launch

SpiceJet has discontinued direct flights between Ayodhya and six other cities amid tourism decline in the city

SpiceJet halts Hyderabad-Ayodhya flights, less than 2 months after launch
Updated On : 12 Jun 2024 | 4:10 PM IST

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 aims to raise $250 mn in coming months, says CEO Ajay Singh
Updated On : 05 Jun 2024 | 1:55 PM IST