Page 2 - Spicejet Cmd Ajay Singh

Credit Suisse case: SC gives Ajay Singh last chance to pay, else face jail

The Supreme Court asked SpiceJet chairman Ajay Singh to make a payment of $500,000 towards an installment to Credit Suisse by September 22, along with $1 million towards defaulted amount

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

SpiceJet promoter Ajay Singh to inject Rs 500 crore in struggling airline

The infusion of fresh capital will substantially strengthen the SpiceJet's financial position

SpiceJet plans new flights; pilot pay up at Rs 7.5 lakh per month

SpiceJet was impacted by the grounding of the entire Boeing 737 Max aircraft fleet by the Directorate General of Civil Aviation (DGCA) for over two years

No stay of probe in alleged cheating case against SpiceJet's Ajay Singh: HC

The Delhi High Court has clarified that there is no stay of investigation in an alleged cheating case against SpiceJet promoter Ajay Singh concerning the transfer of shares of the airline to certain individuals. The clarification came on an order passed by Justice Anoop Kumar Mendiratta on Singh's anticipatory bail application in the matter. The court, which had earlier granted interim protection from arrest to the businessman stated in its order dated September 8, As prayed by learned Additional Standing Counsel for the State, it is clarified that there is no stay of investigation. The court listed the matter for further hearing on November 29 and said the interim order shall continue to remain in operation in the meantime. List on November 29, 2022. Interim orders to continue, it said. In the present case, which pertains to two similar FIRs, a Delhi businessman and his family members have alleged that there was a share-purchase agreement between him and the accused and they paid

SpiceJet exploring stake sale to raise Rs 2,000 cr, says CMD Ajay Singh

SpiceJet is looking to raise investments from external parties, including airlines, said Ajay Singh on the sidelines of an ASSOCHAM event

Top headlines: SpiceJet scouting for funds; markets may fund road projects

Road Transport Minister Nitin Gadkari on Tuesday said the government will approach the capital market next month to raise funds for four road projects

SpiceJet denies fraud complaint against Chairman Ajay Singh, calls it bogus

SpiceJet on Tuesday said the complaint of alleged fraud filed by an individual against airline's Chairman Ajay Singh was "completely bogus" and a defamation suit will be filed against the complainant

SpiceXpress to be hived off from SpiceJet by Aug first week: Ajay Singh

Banks and shareholders have given their approval to hive off cargo and logistics company SpiceXpress from SpiceJet airline, the carrier's CMD Ajay Singh said

Will be more careful, increase aircraft inspection before flights: SpiceJet

'A lot of these incidents that are being reported are relatively minor in nature and happen to every airline. This is nothing unique,' says SpiceJet CMD Ajay Singh

SpiceJet extends ESOP scheme to employees to recognise efforts amid Covid

SpiceJet extended its ESOP scheme to mid to senior level employees and critical resource staff in recognition of their contribution to the Company in the last three years of the Covid-19 crisis

Air India privatisation: SpiceJet's Ajay Singh has a risky flight plan

Even as the low-cost airline he runs has shrunk to survive the pandemic, many are questioning his plans to bid for national carrier Air India

Air India sale: A previously rejected plan resurfaces as a fall-back option

The fall-back option under discussion is to allow Air India Express to raise money through the market by listing on the bourses

SpiceJet sea plane to take off on Saturday, one-way fare at Rs 1,500

Airline will operate two daily flights using wet leased Twin Otter aircraft from Maldivian Aero. PM Modi is expected to inaugurate and travel on first flight

SpiceJet to induct its first Airbus A340 cargo aircraft in freighters fleet

With the latest induction, SpiceJet will have a dedicated fleet of nine freighter aircraft consisting of five Boeing 737s, three Bombardier Q-400s and one Airbus A340

Airlines seek 6 month lease rent deferral, rates reduction to cut costs

Aircraft lease rentals account for around 15 per cent of an airline's overall expense and since these are paid in dollars are also subject to currency fluctuation.

Ready to fly migrant workers from Delhi, Mumbai to Patna: SpiceJet CMD

Migrant workers were seen walking on foot for hundreds of kilometers across the states - be it from Delhi, Telangana or Kerala to reach their home states

SpiceJet hopes its Boeing 737 Max aircrafts can start flying from June

The aircrafts from Boeing, which were expected as improved and more fuel efficient, were grounded in March 2019, according to reports, after two of the aircrafts crashed within five months