A section SpiceJet employees went on strike at the Delhi airport on Friday morning over issues related to reduced salaries
Air India, unprofitable since a 2007 merger with state-owned domestic operator Indian Airlines Ltd., has total debt of Rs 60,000 crore and loses Rs 20 crore every day
Shares of SpiceJet on Friday closed nearly 3 per cent higher after aviation regulator DGCA lifted the ban on Boeing 737 Max planes' commercial flight operations after almost two-and-half years.
Air freight charges have gone up too and shippers are exploring trucking of export goods from Shanghai to alternate airports in China for onward carriage.
Around 175 countries have allowed the 737 MAX to return to service following a safety ban, with 30 airlines already restarting their MAX aircraft services.
Around 175 countries have allowed the 737 MAX to return to service following a nearly two-year safety ban, with 30 airlines already restarting their MAX aircraft services.
GST authorities had asked SpiceJet to pay tax liabilities of Rs 80.6 crore and furnish details of properties.
Analysts say the move will remove key overhangs from SpiceJet's stock and suggest investors 'hold' it in their portfolios
It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money
The company says it continues to incur various costs owing to the grounding and the inability of Boeing 737 Max aircraft to undertake revenue operations
SpiceJet on Tuesday announced it was transferring its cargo and logistics services on a slump sale basis to its subsidiary SpiceXpress and Logistics Private Limited.
Shares of SpiceJet on Monday declined by more than 4 per cent at close after the company reported a loss of Rs 729 crore for the April-June quarter
The advance-decline ratio remained skewed in favour of seller, highlighting underlying bearishness in market.
Oil and Natural Gas Corp's net profit soared by nearly 800 per cent in the first quarter of the current fiscal after more than doubling of oil prices compensated for a fall in production
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NMDC posted an over six-fold jump in its consolidated net profit to Rs 3,191.30 crore in the first quarter ended June
SpiceJet Q1 result: SpiceJet currently sits on a debt pile of approximately Rs 3,000-3,500 crore, of which Rs 1,000 crore is on the balance sheet and Rs 2,000-2,500 crore is from the deferred leases
India, until recently the world's fastest growing aviation market, is increasingly key for global planemakers
SpiceJet, Go First airlines have not paid approximately Rs 2.74 crore for using the Ahmedabad airport's runway till June 1 this year, Minister of State for Civil Aviation V K Singh said on Wednesday.
Bhavnagar will now be connected to Delhi, Mumbai and Surat with direct flights starting August 20.