Page 23 - Spicejet

SpiceJet likely to receive additional Rs 1,000 crore loan under ECLGS

SpiceJet incurred net losses of Rs 316 crore, Rs 934 crore, Rs 998 crore and Rs 1,725 crore in FY19, FY20, FY21, and FY22

Air India's future market share depends on aviation sector's probabilities

Its aim for a third of the domestic market by 2027 is contingent on a host of factors, many of them outside its control

SpiceJet says will hike salaries of senior pilots by 20% from October

The carrier earlier this week sent 80 pilots on leave without pay for three months to save costs

Top headlines: Fortis shares tank on SC verdict; Rupee hits new low

The rupee closed at a record low of 80.86 to the dollar, down from 79.9750 in the previous session

Stocks to Watch: Wipro, SBI, Reliance, SpiceJet, PNB, Sugar, Asian Hotels

Stocks to Watch Today: In the F&O space, Ambuja Cements, Can Fin Homes, Delta Corp, Escorts, PVR and RBL Bank are in F&O ban period on Thursday.

DGCA orders SpiceJet to continue operating at 50% capacity till Oct 29

The Gurugram-headquartered budget carrier has been facing acute liquidity crunch for quite some time

'Abundant caution': Regulator extends cap on SpiceJet flights till Oct 29

Airline will have to demonstrate that it has the resources to fly more planes and it will continue under DGCA's 'enhanced surveillance'

Top headlines: DGCA extends curbs on SpiceJet; Wipro fires 300 employees

The Cabinet on Wednesday approved the national logistics policy, which aims at reducing transportation cost and improve global performance of the sector.

Sensex down 263 pts, Nifty near 17,700 ahead of US Fed outcome; FMCGs shine

CLOSING BELL: The losses, meanwhile, were led by the Nifty Metal index (down 2 per cent), and the Nifty Pharma index (1.4 per cent)

SpiceJet tanks 4% as airline sends 80 pilots on Leave Without Pay

The low-cost airline has been reporting losses for the past four years and is operating less than 50 per cent flights, following the July 27 DGCA order in the wake of mishaps.

Stocks to Watch: Central Bank, ITI, M&M, Yes Bank, SpiceJet, PEL, GPT Infra

Stocks to Watch Today: Central Bank of India has removed from the RBI's PCA framework after 5 years; SpiceJet places 80 pilots on leave without pay for three months.

SpiceJet sends 80 pilots on leave without pay for three mths to prune costs

Loss making airline is currently operating less than half its flights, following a July 27 DGCA order brought on by a spate of incidents

Top headlines: KKR to invest in Hero's RE arm; CEA pegs FY23 growth at 7%

SpiceJet has sent approximately 80 pilots on leave without pay for three months in order to rationalise its costs.

Akasa Air filled 53% seats in August, accounting for 0.2% market share

Top-6 carriers posted much higher seat occupancy; experts say not much can be read into Akasa's load factor as airline is at a very nascent stage

SpiceJet reintroduces option to lock fare for 48 hours with 'SpiceLock'

SpiceJet announced the reintroduction of 'SpiceLock', a unique service that allows passengers to lock their desired fare for 48 hours without name

No stay of probe in alleged cheating case against SpiceJet's Ajay Singh: HC

The Delhi High Court has clarified that there is no stay of investigation in an alleged cheating case against SpiceJet promoter Ajay Singh concerning the transfer of shares of the airline to certain individuals. The clarification came on an order passed by Justice Anoop Kumar Mendiratta on Singh's anticipatory bail application in the matter. The court, which had earlier granted interim protection from arrest to the businessman stated in its order dated September 8, As prayed by learned Additional Standing Counsel for the State, it is clarified that there is no stay of investigation. The court listed the matter for further hearing on November 29 and said the interim order shall continue to remain in operation in the meantime. List on November 29, 2022. Interim orders to continue, it said. In the present case, which pertains to two similar FIRs, a Delhi businessman and his family members have alleged that there was a share-purchase agreement between him and the accused and they paid

Stocks to Watch: Reliance, ONGC, Tata Steel, Oil India, Anupam Rasayan

ONGC has signed 6 contracts for Discovered Small Fields (DSFs) under the DSF-III bid round. Contracts were signed for 3 offshore fields each in the Arabian Sea, Bay of Bengal

SpiceJet appoints Ashish Kumar as CFO, effective from September 9

Budget carrier SpiceJet on Friday said it has appointed Ashish Kumar as its Chief Financial Officer. Kumar's appointment for the post is effective from September 9, SpiceJet said in a statement. Kumar succeeds Sanjeev Taneja, who quit the struggling carrier on August 31. Before joining the Gurugram-based low-cost airline, Kumar was serving as vice president for corporate finance at Interglobe Enterprises since January 2019, SpiceJet said. Previously, he served as Chief Financial Officer at Interglobe Hotels for five years from 2014 to 2018, as per the statement. Facing a liquidity crunch, SpiceJet reported a loss of Rs 784 crore for the quarter that ended June 30, compared to a loss of Rs 731 crore a year earlier. The company had also reported a loss of Rs 485 crore for the quarter ended March. "Restructuring SpiceJet and putting it back on a path of rapid growth is the best job in the aviation industry today. Ashish's experience and proven track record will ensure that he can .

Former SC judge PV Reddi to mediate SpiceJet-Kalanithi Maran spat

SpiceJet incurred net losses of Rs 316 crore, Rs 934 crore, Rs 998 crore and Rs 1,725 crore in FY19, FY20, FY21 and FY22, respectively

SpiceJet in dire need of recapitalisation to revive operation: Report

The carrier has been strong in its pursuit of weathering the storm but it has faced a series of headwinds for more than three years. The company reported huge loss in April-June quarter