Page 2 - Spicejet Case

SpiceJet to seek Rs 450 cr refund from former promoter Kalanithi Maran

Airline taking step after Delhi High Court gave it reprieve in share transfer dispute

SpiceJet to seek refund of Rs 450 crore from Kalanithi Maran and his firm

Private airline SpiceJet has already disbursed Rs 730 crore to Maran and his firm, of which, Rs 580 crore represents the principal amount, with an additional interest component of Rs 150 crore

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

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

Cash-strapped SpiceJet to lay off 1,400 employees as cost-cutting measure

As part of cost-cutting measures aimed at sustaining investor interest, SpiceJet will reduce around 15% of its workforce

Made payment to Credit Suisse in line with court order, SpiceJet tells SC

In September, the SC permitted SpiceJet to pay the Swiss firm $1 million per month for six months to settle its $3 million arrears

'We are struggling to stay afloat', SpiceJet tells Delhi High Court

Singh had sought to set aside a portion of the award, which directed the airline to refund Rs 270 crore to Kal Airways and Maran

Credit Suisse case: Pay up or face jail, SC warns SpiceJet boss Ajay Singh

The court on July 25 had given additional time to the airline to pay its dues to Credit Suisse as part of the court-agreed settlement between both parties

HC tells SpiceJet's Ajay Singh to pay Rs 100 crore to Maran by Tuesday

This is as part of the over Rs 380 crore arbitral award dues he has to pay

SpiceJet up 20% in 3 months despite analysts' skepticism; should you buy?

SpiceJet news: So far this calendar year, shares of SpiceJet have fallen 20 per cent, while they have tumbled 33.16 per cent over the last one year

Pay Rs 100 crore to Kalanithi Maran by September 10: HC to Ajay Singh

On May 29, the high court ordered SpiceJet to pay approximately Rs 380 crore to its former promoter Maran and asked the airline to submit an affidavit of assets within four weeks

SpiceJet: Division bench orders Ajay Singh to pay Rs 100 cr to Maran

Kalanithi Maran claims that SpiceJet owes him Rs 393 crore as of August 3

SC dismisses Spicejet's plea seeking extension to pay dues to Maran

While dismissing the plea, the bench said that the present application is 'nothing but a delay tactic of Spicejet Ltd. to not pay money even when there are court orders directing the same'

NCLT to hear on July 21 maintainability of lessor's plea against Spicejet

Willis Lease says the low-cost carrier has defaulted on $6.87-mn payment

NCLT to hear second plea of Aircastle against Spicejet on June 17

The NCLT on Tuesday asked Aircastle's counsel to explain how the second plea was maintainable against the same defaulter(SpiceJet)

Police arrests SpiceJet flyer for 'unruly behaviour' at Delhi airport

Police have arrested a flyer accused of misbehaving with a female cabin crew member on a SpiceJet flight from Delhi to Hyderabad, officials said on Tuesday. The complaint was lodged by Sushant Srivastava, the airline's security officer, on behalf of the cabin crew member, they said. A PCR call was received at 4.39 pm (on Monday) about a passenger allegedly molesting a cabin crew member on SpiceJet Flight-8133 from Delhi to Hyderabad. The call was made by Srivastava, SpiceJet's security officer, a senior police officer said. The passenger has been identified as Absar Alam, a resident of Jamia Nagar in Delhi. He was travelling to Hyderabad with his family. During take-off, Alam allegedly misbehaved with a woman member of the crew. He was offloaded thereafter and taken to the police station by the SpiceJet security and the PCR staff, the police said. The accused was booked under Section 354A (sexual harassment) of the Indian Penal Code at IGIA (Indira Gandhi International Airport) po

Aviation watchdog to seek report from SpiceJet on incident at Delhi airport

Aviation watchdog DGCA will seek a report from SpiceJet on an incident at Delhi airport this week where passengers of a Bengaluru-bound flight had to wait for a long time at the aerobridge. A passenger had shared on social media a video and his experience about co-passengers having had to wait for a long time at the aerobridge on Tuesday at the Delhi airport. It happened with passengers of SpiceJet flight SG 8133 from Delhi-Bengaluru. On Wednesday late evening, SpiceJet said the flight was delayed due to weather disruption that led to incoming crew exceeding their duty time limit. A senior DGCA official on Thursday told PTI that the regulator is looking into the incident and "will seek a report from the airline". In its statement on Wednesday, SpiceJet said the flight was delayed on account of weather disruption in the network and the aircraft's previous rotation. "As a result of this, the incoming crew was not legal to operate the subsequent flight to Bengaluru and crew was arran

DGCA asks SpiceJet to get engine oil samples of entire Q400 fleet examined

Following a recent incident of smoke in a SpiceJet plane cabin, the aviation regulator DGCA has directed the airline to send the engine oil samples of the entire Q400 fleet consisting of 14 operational aircraft to Pratt & Whitney Canada to ascertain the presence of metal and carbon seat particles.

Former SC judge PV Reddi to mediate SpiceJet-Kalanithi Maran spat

SpiceJet incurred net losses of Rs 316 crore, Rs 934 crore, Rs 998 crore and Rs 1,725 crore in FY19, FY20, FY21 and FY22, respectively

Lessor pushes to repossess SpiceJet aircraft as payment negotiations fail

Aircraft lessor DAE has approached aviation regulator DGCA to deregister three SpiceJet 737 planes