Page 13 - Spicejet

SpiceJet deposits Rs 100 cr TDS for FY23, employees to get Form-16s soon

The airline has used various avenues to raise cash. In the financial year 2022-23, the airline raised Rs 449.8 crore under the central government's Emergency Credit Line Guarantee Scheme

SpiceJet to launch eight flights to Ayodhya on Feb 1, Scindia to inaugurate

SpiceJet will launch eight new flights to Ayodhya from different places on February 1, according to an official. Civil Aviation Minister Jyotiraditya Scindia will inaugurate the flights. The flights will connect Ayodhya with Delhi, Chennai, Ahmedabad, Jaipur, Patna, Darbhanga, Mumbai and Bengaluru, the official said. The official said that more people are visiting Ayodhya after the consecration ceremony at the Ram Temple. The Maharishi Valmiki International Airport at Ayodhya Dham was inaugurated earlier this month.

NCLT rejects Wilmington Trust's insolvency petition against SpiceJet

In a relief to low-cost carrier SpiceJet, the National Company Law Tribunal (NCLT) on Monday dismissed an insolvency petition filed against the company by aircraft lessor Wilmington Trust SP Services. A Delhi-based bench of NCLT comprising members Mahendra Khandelwal and Rahul Prasad Bhatnagar dismissed the petition of the aircraft lessor based in Dublin, Ireland. Wilmington moved the insolvency plea against SpiceJet in June 2023 over unpaid dues. Last month NCLT had dismissed an insolvency petition by another aircraft lessor, Willis Lease Finance Corporation, which was also claiming dues. SpiceJet faced insolvency pleas filed by its aircraft lessors, including Willis Lease, Aircastle Ireland Ltd, Wilmington, and Celestial Aviation. However, NCLT has issued notice only on the petition filed by Aircastle so far. Earlier, the Delhi High Court directed SpiceJet to pay USD 4 million to its two engine lessors, Team France 01 SAS and Sunbird France 02 SAS, by February 15.

Pay $4 million to engine lessors by February 15, Delhi HC tells SpiceJet

The airline had sought more time for payment and said they could pay $1 million upfront. SpiceJet is supposed to pay close to $11 million to the lessors

Fund raising plan: SpiceJet receives first tranche of Rs 744 crore

SpiceJet, which has been facing multiple headwinds, on Friday said it has received Rs 744 crore as the first tranche of funds being raised through 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. According to a release, on January 25, the company's board of directors approved the allotment of 5.55 crore equity shares on a preferential basis to 54 subscribers. The airline has allotted shares and warrants totalling Rs 744 crore on a preferential basis in the first tranche. The board has also approved the allotment of 9.33 crore warrants to Elara India Opportunities Fund Ltd and Silver Stallion Ltd. Meanwhile, the airline has requested for additional time from the competent authority to complete the process under the ongoing preferential issue, as per the release. The extension has been sought due to limited banking days arising from long weekends during the intervenin

Ram mandir inauguration: SpiceJet offers bookings starting at Rs 1,622

Ram mandir consecration: SpiceJet said the booking is available on select flights for limited seats from January 22-28, 2024

SpiceJet passenger gets stuck in lavatory mid-air, airline apologises

For almost an hour, a SpiceJet passenger was stuck inside an aircraft lavatory mid-air, a cabin crew slipped in a note saying "do not panic" and finally the passenger came out after an engineer opened the door on landing at the Bengaluru airport. Malfunctioning of the lavatory door led to the passenger getting stuck onboard the flight from Mumbai to Bengaluru on Tuesday. The flight was operated with a Boeing 737-8 aircraft. SpiceJet apologised for the inconvenience caused to the passenger and will also provide a full refund. As the passenger kept waiting in the lavatory, a cabin crew slipped in a note asking the passenger not to panic and that despite trying their best, the door could not be opened. "Do not panic, we are landing in few mins, so please close the comode lid and sit on it and secure urself as soon as the main door is open, engineer will come. Do not panic," the handwritten note widely shared on social media said. An official said the Directorate General of Civil Avia

DGCA looking into incident of SpiceJet passenger getting stuck in lavatory

In an unfortunate mid-air incident on Tuesday, a SpiceJet passenger was stuck inside an aircraft lavatory for around an hour due to malfunctioning of the door lock. The incident occurred onboard the flight from Mumbai to Bengaluru on Tuesday, and the airline is providing a full refund to the passenger, according to a SpiceJet spokesperson. The airline has also apologised for the inconvenience caused to the passenger. Soon after landing at the Bengaluru airport, an engineer opened the lavatory door and the passenger came out. Details about the passenger could not be immediately ascertained. "On 16 January, a passenger unfortunately got stuck inside the lavatory for about an hour on SpiceJet flight operating from Mumbai to Bengaluru, while the aircraft was airborne due to a malfunction in the door lock. "Throughout the journey, our crew provided assistance and guidance to the passenger. Upon arrival, an engineer opened the lavatory door, and the passenger received immediate medical

SpiceJet announces special Delhi-Ayodhya flight for Ram temple ceremony

Ram temple inauguration ceremony: SpiceJet also assured the availability of a return flight

SpiceJet gets shareholder nod to raise Rs 2.2K cr by issuing equity

Mahapatra family now owns 21.94 per cent shares in SpiceJet; Ajay Singh's shareholding reduces from 56.48 per cent to 38.55 per cent

SpiceXpress, Star Air partner to manage belly space in Star Air's fleet

SpiceJet's cargo arm SpiceXpress on Thursday said it has partnered with Bengaluru-based Star Air to manage the belly space capacity for carrying cargo in Star Air's fleet. The Kolhapur-headquartered Sanjay Ghodawat Group-owned Star Air has a fleet of nine Embraer planes, operating across 20 domestic destinations. This collaboration underlines SpiceXpress's commitment to expanding its reach and strengthening the domestic air cargo infrastructure, SpiceJet said in a statement. Under the collaboration, Star Air will significantly enhance SpiceXpress's domestic network, incorporating nine new destinations, it said, adding, the three-year agreement, extendable by mutual consent, establishes a foundation for seamless cooperation between the two companies. These destinations are Belagavi, Bhuj, Kalaburagi, Kishangarh, Kolhapur, Jamnagar, Jodhpur, Nagpur, and Shivamogga. With this, SpiceXpress' domestic network will increase from 39 to 48 destinations helping the company strengthen its ..

Stocks to Watch: SpiceJet, Adani Green, Aster DM, Polycab, Bank of India

Stocks to Watch on January 11, 2024: SpiceJet plans to raise Rs 2,250 crore through a preferential issue of shares and warrants to reduce its debt burden

SpiceJet to soon start flights to Lakshadweep, Ayodhya, says Ajay Singh

SpiceJet will soon launch flights to Lakshadweep as well as to Ayodhya, its chief Ajay Singh said on Wednesday and emphasised the latest fund infusion will help the airline become more stronger. Addressing the shareholders at the company's annual general meeting, Singh also said it will deploy a large chunk of the funds worth Rs 2,250 crore to grow the airline. As on January 7, SpiceJet had 39 aircraft in operations while 26 were on the ground, as per data available on fleet tracking website Planespotter. Singh told shareholders on Wednesday that the airline has exclusive rights under the government's regional connectivity scheme for Lakshadweep, and will soon launch its air services to the union territory. The airline chief's mention about the Lakshadweep flights also comes amid the ongoing diplomatic row between India and the Maldives. Derogatory comments were made by some deputy ministers of the Maldives against India and Prime Minister Narendra Modi after he visited Lakshadwee

SpiceJet plans to launch flights to Lakshadweep and Ayodhya soon

Lakshadweep has one operational airport on Agatti Island, 90 minutes away from Kochi. All domestic flights to the island are routed through Kochi

Kalanithi Maran vs SpiceJet: Delhi High Court defers hearing to February

The Delhi High Court has asked SpiceJet's chairman and managing director, Ajay Singh, to be present on the next date of hearing

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