Page 20 - Spicejet

DGCA de-registers 2 SpiceJet aircrafts on request from Dublin-based lessors

The deregistration of the aircraft "would not impact" the carrier's operations, according to a SpiceJet representative

Sensex ends 326 pts lower ahead of GDP data; RIL, Tata Steel slip 2%

CLOSING BELL: The Sensex and Nifty extended their losing streak into the eighth straight day on Tuesday; BSE benchmark has now shed 2,358 points, and NSE index 732 points in this period.

Stocks to watch: SpiceJet, Bharti Airtel, SAIL, Wipro, Brigade Ent, Mastek

Stocks to watch today: From SpiceJet to Bharti Airtel, here are top stocks to watch in Tuesday's trading session

SpiceJet debt recast: Carlyle Aviation to pick up 7.5% stake in airline

SpiceXpress, the cargo business, to be hived off into separate unit

SpiceJet's $100 mln debt rejig: Carlyle Aviation to buy stakes in airline

In a move that will help reduce its debt by USD 100 million, cash-strapped SpiceJet on Monday announced that Carlyle Aviation Partners will acquire a 7.5 per cent stake in the airline by converting outstanding dues as well as snap up shareholding in the cargo business. As it faces multiple headwinds, the no-frills carrier will also tap the Qualified Institutional Buyer (QIB) route to raise up to Rs 2,500 crore. SpiceJet's board has approved restructuring more than USD 100 million outstanding dues to aircraft leasing firm Carlyle Aviation Partners into equity shares and Compulsorily Convertible Debentures (CCDs). Carlyle Aviation Partners is the commercial aviation investment and servicing arm of Carlyle's USD 143 billion Global Credit platform. Fresh equity shares to the tune of USD 29.5 million (around Rs 244.28 crore) will be issued to Carlyle Aviation Partners at Rs 48 per share or the Sebi-determined price, whichever is higher. Post deal, the lessor will have a 7.5 per cent sta

SpiceJet plane makes emergency landing in Kolkata, pilot spots broken blade

A SpiceJet flight on the way to Bangkok made an emergency landing at the Kolkata airport in the early hours of Monday after the pilot noticed that an engine blade was broken, officials said. The Boeing 737, operating as flight SG83, took off with 178 passengers and six crew members from the Kolkata airport for Bangkok around 1.09 am. Minutes later, the pilot noticed that a blade of the left engine was broken, they said. Soon, he contacted the air traffic control and a full emergency was declared at the Kolkata airport with fire engines, ambulances, and emergency teams of the CISF in waiting, they added. The plane made an emergency landing at 1.27 am and all the passengers and crew members were brought out safely, airport officials said. The full emergency was terminated at 2 am, they said. The passengers left for Bangkok on another flight at 7.10 am, officials said. The aircraft with the faulty engine blade was undergoing checking, they said.

Sensex trims losses, ends 176 pts lower led by IT, metals; Banks shine

CLOSING BELL: The key benchmark indices ended lower for the seventh straight trading day. The Sensex has shed 2,032 points, while the Nifty 50 has declined 643 points in this period.

SpiceJet restructures dues to Carlyle Aviation, to raise fresh capital

The airline will also transfer $65.5 million worth of compulsorily converted debentures of SpiceXpress and Logistics to Carlyle Aviation

SpiceJet soars 6% as board okays debt restructuring plan worth Rs 2,555 cr

The company's board approved transfer of cargo business in lieu of issuance of securities including Compulsorily Convertible Debentures (CCDs) aggregate to Rs 2,555.77 crore.

SpiceJet approves slump sale of cargo biz, raising Rs 2,500 cr via QIB

SpiceJet has also decided to buy AS Air Lease in the settlement with aircraft lessor Castlelake

Stocks to watch: SpiceJet, IOC, Granules India, Phoenix Mills, ABB India

Stocks to watch: From SpiceJet to Indian Oil Corporation, here are top stocks likely to be in action in Monday's trading session

SpiceJet introduces direct flight service from Delhi to Shillong

SpiceJet has launched a direct flight service from Delhi from the Shillong, officials said on Saturday. The airline said the Delhi-Shillong flight would operate on Monday and Friday. "The inaugural flight landed from Delhi at the airport here with 18 passengers on Friday. The same flight took off with 12 outbound passengers," an Airport official told PTI. He said senior government officials including transport department secretary H Kharmalki and MTC MD KL Nongbri were present. SpiceJet is the third airline to start scheduled flights from Shillong after Indigo and Alliance Air. SpiceJet had entered into an MoU with the Meghalaya government in January to connect the Meghalaya capital with the national capital. Earlier, Fly Big airlines had operated the ShillongDelhi route but an MoU with them was withdrawn last year.

'Air travel has come roaring back': SpiceJet net profit rises 160%

Cash-strapped airline in the black after 3 qtrs; plans to raise Rs 764-cr ECLGS loan

SpiceJet soars 15% as net profit jumps five-fold to Rs 107 crore in Q3

Despite a big jump in passenger traffic, business has continued to be impacted by high fuel prices and depreciating Rupee, the company said

Stocks to watch: Axis Bank, Zee Ent, SpiceJet, RIL, Bharat Forge, Alkem Lab

Stocks to watch: Zee Entertainment has been barred from the futures and options (F&O) segment of the NSE; Olectra Greentech has developed a hydrogen bus in technical partnership with Reliance Ind

Amid record aircraft orders, aviation remains a long-term play: Analysts

A linear profit growth is unlikely for the Indian aviation players as high oil prices hit the industry every two-three years

Spicejet to consider capital raise amid losses, market share battle

Spicejet's market share slipped to 7.3% in January from 7.7% in December

SpiceJet board to consider fundraising to cover outstanding liabilities

SpiceJet on Tuesday said its board will meet on Friday to consider options to raise funds as well as to convert certain outstanding liabilities into equity shares of the company. The no-frills airline, which has been grappling with multiple headwinds, including legal woes, is looking to raise fresh capital through issuance of eligible securities to qualified institutional buyers. Besides, the carrier plans to issue equity shares on preferential basis consequent upon conversion of outstanding liabilities into equity shares of the company, subject to applicable regulatory approvals, according to a filing to the BSE. Both plans will be taken up by the board of directors during its meeting scheduled for February 24. Specific details about the proposals could not be immediately ascertained. In December last year, SpiceJet Chairman and Managing Director Ajay Singh told shareholders that the company is engaged with investment bankers to raise up to USD 200 million in order to achieve its

SpiceJet flight returns to Mumbai airport due to cabin pressurisation alert

A Kandla-bound SpiceJet flight from Mumbai returned to the city airport on Saturday due to a cabin "pressurisation alert," the airline has said. The aircraft has landed safely and neither passengers nor crew members have reported any discomfort, SpiceJet said in a statement. The airline, however, did not share the number of persons onboard the Bombardier Q400 aircraft. On February 18, SpiceJet Q400 aircraft was scheduled to operate the airline's flight SG-2903 (Mumbai - Kandla), the airline said in the statement. "After take-off, cabin pressurisation alert came. The pilot-in-command decided to return to Mumbai," it said. According to SpiceJet, the Mumbai Air Traffic Control was apprised of the situation and the aircraft was landed "safely" at Mumbai. The operation of the airline's flight to Tirupati from Mumbai was also affected. It has not been cancelled, the statement said, adding that only its scheduled time of departure has been revised.

Kalanithi Maran can encash Rs 270 cr bank guarantee in SpiceJet dispute: SC

Court orders SpiceJet to deposit Rs 75 cr in drawn-out dispute over airline's acquisition