Page 13 - Spicejet

DGCA issues notice to Air India, SpiceJet for rostering untrained pilots

A senior DGCA official confirmed that the notice was issued to airlines after it was found that a large number of flight diversions that were reported at Indira Gandhi International Airport in Delhi

Aviation watchdog DGCA carried out 5,745 surveillance activities in 2023

Regulator DGCA carried out 5,745 surveillance activities with respect to airlines, airports and approved organisations in 2023 as part of its efforts to ensure compliance and enhance safety standards in the aviation space, The activities included 4,039 planned surveillance and 1,706 spot checks and night surveillance. Subsequently, the findings resulted in 542 enforcement actions, the Directorate General of Civil Aviation (DGCA) said in a release on Wednesday. The number of surveillance activities rose 26 per cent last year compared to 2022. Also, the number of enforcement actions increased 77 per cent last year compared to 305 enforcement actions taken against non-compliant personnel, airlines, and other operators in 2022. These enforcement actions included financial penalties against airlines such as Air India, AirAsia (India), IndiGo and SpiceJet. Besides, the watchdog had temporarily suspended its approval to Air India's training facilities, as per the release. Enforcement acti

Boeing asks airlines to inspect 737 MAX planes for possible loose hardware

Boeing has recommended airlines to conduct an inspection of their B737 Max fleet, after an international operator discovered a bolt with a missing nut while performing routine maintenance. In a statement, Boeing said the issue identified on the particular airplane has been remedied. In India three airlines -- Akasa Air, SpiceJet and Air India Express -- have B737 Max planes in their fleet. Earlier on Thursday, the US aviation regulator, Federal Aviation Administration (FAA) issued a statement, saying it was closely monitoring "targetted inspection," of Boeing 737 Max planes for a possible loose bolt in the rudder control system. "The issue identified on the particular airplane has been remedied. Out of an abundance of caution, we are recommending operators inspect their 737 MAX airplanes and inform us of any findings," Boeing said in the statement. The aircraft maker said it has informed the FAA and will continue to keep the regulator aware of the progress. Queries sent to Akasa

SpiceJet's resurgence could disrupt Indian aviation market: CAPA India

Earlier this month, cash-strapped SpiceJet announced it is going to raise a total of Rs 2,241.5 crore through issuance of equity and warrants

Analysts bet on IndiGo, SpiceJet on sustained pax growth, low oil prices

They, however, suggest staying mindful of supply chain issues, and P&W engine snags

Stocks to Watch: SpiceJet, Embassy REIT, BPCL, Nippon AMC, DOMS, Varun Bev

Stocks to Watch on December 20, 2023: Mumbai-based businessman Harihara Mahapatra and his wife Preeti are likely to invest Rs 1,100 crore in SpiceJet for a 19 per cent stake

Ajay Singh's shareholding in SpiceJet down by 38.55% due to new fund raise

The airline announced it is going to raise a total of Rs 2,241.5 crore through the issuance of equity and warrants

SpiceJet initiates fresh funding of $270 mn for Go First acquisition

SpiceJet is among three companies that have shown interest in acquiring the bankrupt airline

SpiceJet zooms 29% in two days on plans to acquire bankrupt Go First

As per reports, SpiceJet is among the three entities that have shown late interest in acquiring bankrupt carrier Go First. The other two are Sharjah-based Sky One and Africa-based Safrik Investments.

SpiceJet shows interest in acquiring bankrupt carrier Go First: Report

The lenders of Go First have been contemplating liquidation as they think it will lead to a better recovery as compared to selling it

SpiceJet board okays Rs 2,250 crore fundraising from 64 investors

Airline slips back to loss in second qtr

SpiceJet-Wilmington Trust SP Services in deadlock over rental agreement

Spicejet said that as per the repayment schedule of arrears they received, the total amount due from February to December alone was $1,560,011

Crisis-hit SpiceJet to raise Rs 2,250 crore through equity shares

Crisis-hit SpiceJet on Tuesday said it will raise fresh capital of Rs 2,250 crore through issuance of equity shares. The airline's board has approved the issuance of equity shares/equity warrants under a private placement basis. The proposed fund infusion will go a long way in enhancing product presence and market reach as well as provide a deep financial foundation, the airline said in a filing. For the quarter ended September, the airline posted a net loss of Rs 428 crore. In the year-ago period, the net loss stood at Rs 835 crore.

Stocks to Watch: Sun Pharma, Infosys, Dixon, DLF, Mankind Pharma, SpiceJet

Stocks to watch on December 12, 2023: Sun Pharma has increased its offer price for acquiring remaining shares of Taro Pharma to $43 per share in cash, compared to $38 before

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, IndiGo among seven airlines owing more than Rs 95 crore to AAI

Seven airlines, including Alliance Air, SpiceJet, IndiGo and Emirates, together have pending dues of more than Rs 95 crore to the Airports Authority of India (AAI), according to the government. Other foreign airlines that have pending dues are Biman Bangladesh Airlines Ltd, British Airways Plc and Qatar Airways, as per data provided to the Rajya Sabha on Monday. The figures exclude interest and take into account only dues that are over Rs 1 crore pending for more than one year as of November 30, 2023. As per the data provided by Civil Aviation Minister Jyotiraditya Scindia in a written reply, three domestic carriers -- Alliance Air, SpiceJet and IndiGo together owe Rs 86.89 crore to the AAI. Out of them, the maximum dues amount is that of Alliance Air at Rs 83.38 crore, followed by SpiceJet (Rs 2.13 crore) and IndiGo (Rs 1.38 crore). Among the four foreign airlines, Biman Bangladesh Airlines has the highest dues of Rs 4.02 crore, followed by British Airways (Rs 1.85 crore), Emirat

SpiceJet soars 15% ahead of Q2 results, fund raising plan; up 46% in 3 days

The company's board to consider options for raising fresh capital through the issuance of equity or convertible securities on a preferential basis today; also to announce Q2 results.

Dubai court orders release of SpiceJet aircraft seized due to litigation

Domestic airline SpiceJet on Friday said one of its aircraft which was seized and grounded in Dubai in late October due to litigation has now been released following an order of the Dubai International Financial Centre (DIFC) Court. In a DIFC Court hearing on December 7, the Order was discharged in favour of SpiceJet, SpiceJet said in a statement. Additionally, the Judge has directed an inquiry into losses suffered by SpiceJet as a result of the Order having been made. The Court has further ordered to pay towards the legal costs incurred by SpiceJet, the airline claimed in the statement. According to SpiceJet, the DIFC Court on October 30 issued a freezing order (Order) in relation to certain engines installed on aircraft bearing Indian registration, VT-SLM. As a result of this order, the aircraft was grounded at Al Maktoum International Airport, Dubai *DWC) and has remained there since (then), SpiceJet said in the statement. Summarily, there isn't any Order of the DIFC Court ...

SpiceJet board considering raising fresh capital by issuing equity shares

Budget airline tells BSE about its plan; told court earlier it's 'struggling to stay afloat'

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