Page 12 - Spicejet

SpiceJet jumps 4% on reaching settlement deal with Cross Ocean Partners

SpiceJet in an exchange filing on Tuesday said, the airline reached settlement terms with aircraft leasing firm, Cross Ocean Partners, resolving a dispute worth Rs 93 crore.

'Abu Dhabi Investment Authority acquires SpiceJet shares from open market'

SpiceJet on Monday said Abu Dhabi's sovereign wealth fund ADIA has acquired shares of the airline from the open market. However, the carrier did not disclose specific details. A source close to the airline said Abu Dhabi Investment Authority (ADIA) started buying shares in late February. The no-frills carrier is facing multiple headwinds and is in the process of raising funds. "ADIA has acquired shares of the airline from the open market," a SpiceJet spokesperson said on Monday. In recent weeks, the carrier has raised a total of Rs 1,060 crore through preferential issuance of securities. On December 12, the airline had said it would raise fresh capital of Rs 2,250 crore. Shares of SpiceJet declined 1.50 per cent to Rs 62.58 apiece on BSE. As of February 21, 2024, public shareholders, including Foreign Portfolio Investors (FPIs), held 51.51 per cent stake in the carrier, according to stock exchange data.

SpiceJet settles $30 mn dispute with Celestial Aviation outside tribunal

SpiceJet had announced on February 22 that it had raised a second tranche of Rs 316 crore under the preferential issue of equity and warrants

SpiceJet settles Rs 250 cr dispute with aircraft lessor Celestial Aviation

Both parties reached out to the National Company Law Tribunal (NCLT) last week, and now the matter will officially be withdrawn on March 1

Kolkata-bound Spicejet flight from Delhi delayed 5 hrs due to hoax message

A Kolkata-bound Spicejet flight was delayed for more than five hours on Tuesday after the Delhi airport received a threat message about explosives being hidden in the passengers' luggage, official sources said. A woman carrying an infant has been detained by security agencies for questioning in the case, the sources said. The flight, SG-8263, was scheduled to depart around 5:40 am but it was allowed to leave only after 11:30 am after the security agencies completed an anti-sabotage check and repeat frisking of check-in and cabin baggage of the travellers and crew, they said. The airport duty manager at the Indira Gandhi International (IGI) Airport received an email around 5:20 am that "there is a safety issue" on the said flight and that "somebody was taking explosion goods in bags and luggage" onboard, a senior official said. The message was immediately flashed across and a bomb threat assessment committee comprising various security agencies and airport officials was convened. T

Matter 'practically settled' with Celestial Aviation: SpiceJet to NCLT

Counsel for Celestial told the tribunal that while they have received payments, the airline missed certain agreed-on deadlines for payment

SpiceJet rallies over 4% as it settles dispute with Celestial Aviation

With this, aircraft lessor Celestial Aviation, that had demanded unpaid dues of $30 million, is expected to withdraw its insolvency plea against the carrier

Reached settlement with Celestial Aviation, formalities remain: SpiceJet

SpiceJet informs NCLT of near resolution in dispute with aircraft lessor Celestial Aviation requested an adjournment to finalise the settlement process

Stocks to Watch today: Voda Idea, SpiceJet, Jana SFB, Angel One, Bandhan Bk

Stocks to watch on Thursday, February 22, 2024: Voda Idea, Texmaco Rail to consider fund raise proposals on February 27; Gujarat Ambuja Exports fixed record date for bonus issue.

Delhi HC orders SpiceJet to return leased engine to Brussels by March 10

Delhi HC orders SpiceJet to return leased engine to Brussels by March 10

SpiceJet raises second tranche of Rs 316 crore under preferential issue

On January 26, the first tranche of Rs 744 crore was infused into the airline. On January 11, the beleaguered airline's shareholders gave their approval to raise a total of Rs 2,241.5 crore

SpiceJet raises additional Rs 316 crore through preferential share issue

SpiceJet on Thursday said it has secured an additional Rs 316 crore, taking its total funds raised to Rs 1,060 crore through a preferential share issue. The fresh capital infusion in the struggling airline comes amid its recent announcement of slashing its workforce by 10-15 per cent. In January SpiceJet had received Rs 744 crore as the first tranche of funds through the allotment of securities on a preferential basis. On December 12, the airline had said it would raise fresh capital of Rs 2,250 crore through issuance of securities. "SpiceJet has raised an additional Rs 316 crore, bringing the total investments raised to Rs 1,060 crore under its preferential issue," the airline said in a statement. It added, "The Preferential Allotment Committee of SpiceJet's Board Directors convened on February 21, 2024, approved the allotment of 4.01 crore equity shares on a preferential basis to two investors, including Aries Opportunities Fund Limited." The committee also sanctioned the allot

You've money to buy Go First but not to pay Credit Suisse: SC to Ajay Singh

Credit Suisse and SpiceJet have been entangled in a legal conflict since 2015 over outstanding debts of approximately $24 million

SpiceJet promoter Ajay Singh and Busy Bee Airways jointly bid for Go First

Sharjah-Based Sky One Also Bids for the Insolvent Airline

SpiceJet's Ajay Singh, Busy Bee Airways jointly submit bid for GoFirst

The bid has been submitted by SpiceJet Chairman Ajay Singh, in his personal capacity, along with Busy Bee Airways Private Limited

SpiceJet promoter Ajay Singh, Busy Bee Airways bid for bankrupt Go First

SpiceJet announced that it would act as the operating partner for the new airline, providing staff and services

SpiceJet drops 5% after report says airline mulls laying off 1.4K employees

The fall also comes ahead of the Delhi High Court-set deadline where the airline was ordered to pay $4 million to its engine lessors Team France 01 SA and Sunbird France 02 SAS by February 15

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

Airlines record lowest on-time figures in 11 months in Jan amid fog issues

DGCA and aviation security regulator Bureau of Civil Aviation Security (BCAS) on January 17 came down heavily on three airlines namely IndiGo, SpiceJet and Air India

Delhi High Court tells SpiceJet to pay Rs 50 crore to Kalanithi Maran

The court said the payment shall be made subject to the outcome of SpiceJet's appeal challenging the interest amount awarded by the arbitral tribunal