Spicejet

Delhi HC rejects SpiceJet's property security plea over ₹144 crore dues

The Delhi High Court rejected SpiceJet's offer of a Gurugram property as security for Rs 144.51 crore dues after the airline failed to honour its earlier Rs 50 crore deposit commitment

Airlines warn govt of route cuts as soaring ATF costs squeeze finances

Airlines seek changes in ATF pricing and taxes, lower state VAT and extended relief on airport charges as the West Asia conflict drives up operating costs

Federation of Indian Airlines seeks review of existing ATF pricing formula

The Federation of Indian Airlines (FIA) is seeking a review of the existing jet fuel pricing formula, and said domestic ATF should be priced on the actual cost of fuel plus a reasonable margin rather than international benchmark pricing. The unprecedented increase in fuel costs, compounded by geopolitical disruptions and rupee depreciation, is placing significant pressure on airline cash flows and viability, it said. In a letter to the Civil Aviation Ministry late last month, FIA also said that "if timely relief is not available, the airlines may be compelled to withdraw from several unsustainable routes." Air India, IndiGo and SpiceJet are the members of FIA. From around 30-40 per cent, airlines' operating costs have increased to around 55-60 per cent under the prevailing circumstances, out of which ATF remains the single largest variable cost, it said. The current conflict (West Asia) has pushed the Brent Crude from USD 72 / BBL to USD 118 / BBL, and the resultant ATF price (MOP

DGCA monitoring not a fresh finding of safety deficiencies: SpiceJet

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

DGCA doing operational, financial checks on SpiceJet: Aviation Min Naidu

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

Iran war, high ATF prices hit airlines hard as seat capacity falls in Sept

Eight of the country's top 10 airports also saw domestic capacity decline, while Delhi and Maharashtra bucked the trend with growth in overall airline seat capacity

SpiceJet seeks more time from Delhi HC to meet ₹144.5 cr payment dues

SpiceJet cited delays in receiving government-backed financial support as it sought more time to meet its payment obligations to KAL Airways and Kalanithi Maran

CIAL, SpiceJet trade charges over weather-linked flight disruption in Kochi

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 ..

NCLT lets SpiceJet lessor withdraw IBC plea, imposes ₹15 lakh costs

Tribunal directs SpiceJet and aircraft lessor Aviator ML to pay Rs 7.5 lakh each after they reached a settlement following reservation of the matter for orders

NCLT to rehear bankruptcy petitions against SpiceJet after settlement

The move is setback to aircraft leasing firms that have waged long battle against airline to recover debts, but is reprieve for SpiceJet as its existing management will remain in control of airline

NCLT defers SpiceJet insolvency orders after last-minute settlement

The tribunal expressed strong displeasure over the timing of the settlement after extensive hearings, saying considerable judicial time had already been spent on the petitions

NCLT chides SpiceJet as last-minute lessor deal forces judgement delay

The hearing took place as years of legal disputes between SpiceJet and the firms that lease it aircraft appeared set to culminate in rulings on eight bankruptcy petitions

SpiceJet shares hit 10% upper circuit on adding 3 Airbus A320 aircraft

SpiceJet share price spiked 10 per cent to the upper circuit on Thursday after it inducted three Airbus A320 aircraft into its fleet under a damp-lease agreement.

SpiceJet, Ajay Singh to deposit ₹140 crore in Maran award dispute

The Delhi High Court recorded SpiceJet and Managing Director Ajay Singh's undertaking to pay Rs 140 crore to KAL Airways and Kalanithi Maran in an arbitration award dispute

SpiceJet assures Delhi HC to pay ₹140 cr in KAL Airways arbitration dispute

The matter was heard by Justice Subramonium Prasad

Q1FY27 aviation preview: Analysts advise watching crude and rupee impact

Q1FY27 aviation preview: Key monitorables, Elara Capital said, are the extent of impact on international operations and rise in fuel/non-fuel costs from lower aircraft utilisation & rupee weakening

Akasa Air, SpiceJet warn of flight disruptions amid adverse weather

Akasa Air warned of possible delays across its network due to heavy rainfall in Mumbai, while SpiceJet flagged weather-related disruptions in Dharamshala

SpiceJet delays pilot salaries, seeks govt-backed loan to shore up finances

SpiceJet was India's second-largest domestic carrier ​by market share in 2019, carrying roughly 15 per cent of passengers, but that has since fallen to a fourth-place share ​of 3.4 per cent

SpiceJet plans to induct 3 Airbus A320 planes on damp lease in July

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.

GST dept issues tax demand of ₹124 cr to Spicejet, slaps showcause notice

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