Page 15 - Spicejet

SC allows SpiceJet to pay Credit Suisse in instalments over 6 months

After six months of payments, SpiceJet's Ajay Singh has to pay regular instalments of $500,000 to Credit Suisse

SpiceJet pays $1.5 million to Credit Suisse as per SC's directive

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

Pilot shortage pulls down Akasa Air's market share to 4.2% in August

IndiGo maintained its lead as the country's largest airline with its market share pegged at 63.3 per cent in August

SpiceJet clears $1.5 million payment due to Credit Suisse after SC warning

On September 12, the apex court asked Singh to pay $500,000 towards an instalment to the Swiss firm along with a $1 million defaulted amount

SpiceJet completes payment of Rs 100 crore to KAL Airways Private Limited

The Delhi High Court on August 24 told CMD Singh to pay Rs 100 crore dues to Maran by September 10

SpiceJet pays Rs 100 crore to Kal Airways and Maran towards arbitral award

Last month, the court had asked the airline to pay Rs 100 crore to Maran by September 10

Credit Suisse case: Pay up or face jail, SC warns SpiceJet boss Ajay Singh

The court on July 25 had given additional time to the airline to pay its dues to Credit Suisse as part of the court-agreed settlement between both parties

HC tells SpiceJet's Ajay Singh to pay Rs 100 crore to Maran by Tuesday

This is as part of the over Rs 380 crore arbitral award dues he has to pay

Credit Suisse case: SC gives Ajay Singh last chance to pay, else face jail

The Supreme Court asked SpiceJet chairman Ajay Singh to make a payment of $500,000 towards an installment to Credit Suisse by September 22, along with $1 million towards defaulted amount

SpiceJet zooms 19% after nearly 3% equity change hands on the BSE

The stock has rallied 27% in two days after the board allotted equity shares and warrants to the promoter group company, and allotted equity shares to aircraft lessors on preferential basis.

Settle issues with creditor Celestial Aviation Services: NCLT asks SpiceJet

The National Company Law Tribunal (NCLT) on Tuesday suggested that SpiceJet settle the issues with lessors that have sought initiation of insolvency proceedings against it. The tribunal's suggestion came against the backdrop of the crisis-hit carrier issuing shares in lieu of dues to nine aircraft lessors. On Tuesday, the NCLT was hearing a plea filed by Celestial Aviation Services Ltd, an operational creditor that had filed a plea to initiate insolvency proceedings against the airline. A two-member NCLT bench observed that the airline is settling with some of aeroplane lessors by converting debt into equity. "SpiceJet seems to be settling with other lessors by giving shares, Why don't you settle with these lessors as well?," the bench, comprising M M Khandelwal and Rahul Prasad Bhatnagar, said. This was in reference to Celestial Aviation Services and four other lessors who have filed pleas against the airline. Further, the bench said that in its opinion, it is in its best intere

SpiceJet gives lessors shares to clear $28 million outstanding dues

The carrier's shareholders had on Thursday passed a number of resolutions, including a 25 billion rupees fundraise and a preferential issue of shares to lessors to clear outstanding dues

SpiceJet up 20% in 3 months despite analysts' skepticism; should you buy?

SpiceJet news: So far this calendar year, shares of SpiceJet have fallen 20 per cent, while they have tumbled 33.16 per cent over the last one year

Struggling to stay afloat: SpiceJet to HC as it was ordered to pay ex-owner

In a Delhi High Court hearing on Thursday on Maran's case demanding the dues, SpiceJet said it was struggling financially

SpiceJet: Division bench orders Ajay Singh to pay Rs 100 cr to Maran

Kalanithi Maran claims that SpiceJet owes him Rs 393 crore as of August 3

Stocks to Watch today, Aug 16: IndiGo, ITC, SBFC, Infy, Voda Idea, M&M, Zee

Stocks to watch on August 16, 2023: Shares of IndiGo are likely to be in focus amid reports of a likely stake sale by the co-founders Gangwal family on Wednesday.

Akasa Air widens gap with SpiceJet in domestic passenger market share

Overall, the carriers transported a total of 12.1 million domestic air passengers in July, an increase of 31.72 per cent compared to the same month last year

Flying back into black, SpiceJet reports highest profit in 4 years

The jump in net profit can be attributed to a 17 per cent decline in the company's total expenses from Rs 2,504.7 crore in Q4FY23 to Rs 2,069 crore in the first quarter of the current financial year

SC's contempt notice to SpiceJet's Ajay Singh in Credit Suisse case

The apex court on July 25 had given additional time to the airline to pay its dues to Suisse as part of the court-agreed settlement between both parties.

SpiceJet flies 13% as it clocks net profit of Rs 205 crore in Q1FY24

The company registered net profit at Rs 205 crore in the June ended quarter (Q1FY24), as against net loss of Rs 789 crore, in the year-ago period.