Page 14 - Spicejet

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

NCLT rejects insolvency plea against SpiceJet by lessor Willis Lease

In a relief to low-cost carrier SpiceJet, the National Company Law Tribunal (NCLT) on Monday dismissed an insolvency petition by aircraft lessor Willis Lease Finance Corporation which is claiming dues. A two-member Delhi-based NCLT bench rejected the plea moved by US-based Willis Lease Finance Corporation after SpiceJet questioned the maintainability of the petition. SpiceJet opposed the plea contending that Willis Lease Finance Corp has withdrawn its insolvency plea for the same dispute in March 2023 and has approached again with a new plea. During a hearing in July this year, the NCLT bench wanted to know from Willis Lease Finance Corp, as to how it filed a fresh petition again for a similar cause of action within a few months, without even sending a notice to SpiceJet as per the provisions of the Insolvency and Bankruptcy Code, 2016. Besides Willis Lease, SpiceJet is facing insolvency pleas filed by three other aircraft lessors -- Aircastle Ireland Ltd, Wilmington, and Celestial

SpiceJet promoter Ajay Singh looking to raise $100 mn through credit funds

Ajay Singh is reportedly in discussions with global private credit funds to refinance part of promoter debt and equity infusion

1/4th of Indian carriers' aircraft may be grounded by March-end: CAPA

Meanwhile, domestic traffic is expected to grow by 15 per cent Y-o-Y in 2023-24 to 155 million, according to the report

SpiceJet hits 52-week high on heavy volumes; stocks surges 27% in 3 days

The average trading volumes at the counter jumped four-fold today, with 21.24 million equity shares changing hands on the BSE till 12:23 PM.

SpiceJet records lowest OTP at 60.11% among all major Indian carriers

SpiceJet's operations in October were also affected due to its involvement in repatriation operations from Tel Aviv