Page 2 - Spicejet Jet Airways

SpiceJet receives approval from BSE for Rs 2,242 cr capital infusion

No-frills carrier SpiceJet on Monday said it has received in-principle approval from the BSE for a Rs 2,242 crore capital infusion in the airline. The Gurugram-based airline also said that a significant portion of the fund infusion will be utilised to fuel the airline's growth, among others. SpiceJet has received in-principle approval from the BSE for the issuance of equity shares and warrants convertible into equity shares on a preferential basis, the airline said in a statement. This approval paves the way for a new fund infusion of Rs 2,242 crore in the airline, it said. A significant portion of the fund infusion will be utilised to fuel the airline's growth, expand its network and bring grounded planes back into operations, SpiceJet said. "We believe the fund infusion will open new avenues for SpiceJet, enabling us to capitalise on potential opportunities and contribute to the growth of the aviation sector in India," said Ajay Singh, Chairman and Managing Director of SpiceJet.

Public should be aware of SpiceJet's inability to pay dues, says Delhi HC

The airline was also asked to submit an affidavit outlining a plan for the return of the engines to two engine lessors, Team France 01 SAS and Sunbird France 02 SAS

SpiceJet board adjourns meeting, to discuss funding plans on Tuesday

Crisis-hit SpiceJet's board of directors will continue to discuss fundraising plans on Tuesday after it could only partially complete the agenda items on Monday. On Monday, the no-frills airline's shares touched a 52-week high and ended with more than 10 per cent gains on the BSE as investors were enthused by funding plans and the proposal to list the company's securities on the National Stock Exchange (NSE). In an evening filing to the BSE, SpiceJet said its board on Monday "could only partially complete the agenda items and the meeting has now been adjourned to December 12, 2023 (Tuesday)". Apart from options for raising fresh capital through the issue of equity shares and/or convertible securities on a preferential basis, the board will also consider the September quarter results, as per the filing. Earlier in the day, shares of SpiceJet touched its 52-week high and closed with a gain of 10.19 per cent at Rs 60.57 apiece on the BSE. The airline has been grappling with multiple

SpiceJet inducts 5 leased Boeing 737, three 737 Max aircraft into its fleet

The airline had on June 9 said that it would induct ten Boeing 737 aircraft into its fleet to cater to the increased passenger demand

Spicejet argues against maintainability of petition filed by lessors

Aircastle (Ireland) told the NCLT that it is entitled to file multiple petitions against SpiceJet for breach of multiple contracts

Jet Airways, SpiceJet hit 52-week lows, slip up to 10% in firm market

Shares of Jet Airways declined 5 per cent as uncertainty continued over the revival of the grounded air line company

SpiceJet in dire need of recapitalisation to revive operation: Report

The carrier has been strong in its pursuit of weathering the storm but it has faced a series of headwinds for more than three years. The company reported huge loss in April-June quarter

SpiceJet stock recovers most of early lost ground; settles over 3% lower

Shares of SpiceJet recovered most of their early lost ground and settled over 3 per cent lower on Thursday. Earlier in the day, it tumbled nearly 15 per cent after the company reported widening of net loss at Rs 789 crore during the April-June quarter of FY23. The company's stock tanked 14.65 per cent to Rs 39.60 during the early trade on the BSE. Later, it recovered most of the lost ground and settled at Rs 44.95, lower by 3.13 per cent. On the BSE, 15.66 lakh shares of the company were traded during the day. The BSE Sensex fell 770.48 points or 1.29 per cent to settle at 58,766.59. SpiceJet on Wednesday reported widening of net loss to Rs 789 crore in June quarter 2022-23 as high fuel prices and rupee depreciation adversely impacted the budget carrier. Apart from facing financial turbulence, SpiceJet aircraft have been involved in a series of incidents in the past, following which the Directorate General of Civil Aviation (DGCA) had issued a show-cause notice to the airline. T

SpiceJet lessor asks India's DGCA to de-register its Boeing aircraft

Alterna Aircraft Ltd, an Ireland-based lessor of budget-airline SpiceJet Ltd, has asked India's aviation regulator to de-register its plane.

Delhi HC rejects plea to stop SpiceJet flights after seven mishaps

Referring to three incidents in May, two in June, and another two in July, the petition said the lives were at risk due to the SpiceJet's poor management

SpiceJet gets notice over flight safety, says will be 'doubly careful'

SpiceJet has denied any violations on its part and said it is committed to safe operations

7th crisis in 2 months for SpiceJet: Two planes in mid-air scare on Tuesday

Delhi-Dubai flight diverted to Karachi over faulty indicator light; another plane from Kandla makes priority landing in Mumbai as windshield cracks

Jet claims rights on livery, objects to SpiceJet using it on some planes

Jet Airways aims to restart operations in September after takeover by the Kalrock Jalan consortium

SpiceJet allows passengers to pay for tickets in 3, 6, or 12 instalments

Passengers do not have to provide any credit card or debit card details to avail the EMI scheme

SpiceJet to offer visa services for Dubai-bound passengers

Base price for availing the service is Rs 5,412

SpiceJet hits 9-year high; up over 60% in less than two months

Since February 15, SpiceJet rallied 68% as compared to 4% rise in the S&P BSE Sensex