Page 4 - Spicejet

Major oil-linked companies stock slump after brent crude oil slips 3%

When oil prices drop, upstream companies face reduced revenue, which can lead to cost-cutting measures, reduced profits, and in some cases, financial losses

Oil-linked stocks trade mix after crude oil prices fall below $70/barrel

Crude oil prices fell below $70 per barrel over US President Donald Trump's new tariffs, raising concerns over a global trade war that could weigh on oil demand

SpiceJet, Air India Express gets approved to operate flights from Kathmandu

Two Indian airlines have been allowed to operate regular flights to and from Nepal, according to the Himalayan nation's civil aviation authority. SpiceJet, which had regular flights to Nepal before the COVID-19 pandemic, and Air India Express, making its debut in the country, have received scheduled approval and slots from Kathmandu's Tribhuvan International Airport (TIA), according to Hansa Raj Pandey, spokesperson at the Civil Aviation Authority of Nepal (CAAN). SpiceJet, which mainly flew from Delhi to Kathmandu before its hiatus, will operate daily flights, while Air India Express has received approval for two flights per day. Currently, Air India and Indigo conduct flights between Nepal and India. With the addition of SpiceJet and Air India Express, there will be four Indian airlines operating regular flights between the two countries. Meanwhile, maintenance work on the taxiway at TIA, which previously required flight suspensions, continued its service without halting flights

SpiceJet flight from Jaipur to Chennai lands safely after tyre gets damaged

Despite the ttyre issue, the flight crew continued to the destination after confirming that all other operations and aircraft parameters were normal

SpiceJet, Willis Lease settle dispute; insolvency case to be withdrawn

A ₹3,000 crore QIP capital infusion in September 2024 and ₹294 crore investment by promoter Ajay Singh have helped the airline move towards financial stability

SpiceJet shares pop 3% on settling dispute with Willis Lease; details here

SpiceJet's shares saw an uptick after the company announced the successful resolution of its dispute with Willis Lease Finance Corporation, a global aircraft engine lessor.

SpiceJet shares extend rally, up 10% in 2 days; here's what's driving stock

The buying interest in the stock sparked after promoter Ajay Singh through a bulk deal on BSE, sold 20 million shares for Rs 45 per share

CMD Ajay Singh to infuse Rs 294 cr in airline via another entity: SpiceJet

SpiceJet on Monday said its founder Ajay Singh will infuse Rs 294 crore into the airline through a promoter group entity by way of conversion of warrants into equity shares, following which promoter group's shareholding will increase to over 33 per cent. Singh, also the Chairman and Managing Director of the carrier, will be infusing the funds through Spice Healthcare Pvt Ltd, a promoter group company. In a release on Monday, SpiceJet said Singh will infuse Rs 294.09 crore into the company through the conversion of 13,14,08,514 warrants into an equivalent number of equity shares (13.14 crore equity shares). "This strategic move will increase the consolidated shareholding of the promoter group in SpiceJet from the current 29.11 per cent to 33.47 per cent," the release said. Besides, Singh is selling up to 3.15 crore equity shares of the airline and the proceeds will be utilised to enable Spice Healthcare Pvt Ltd to partially fund the balance of 75 per cent of the amount at the time o

SpiceJet shares fly 7% as promoter to infuse Rs 294 crore in company

A meeting of the board committee will be held shortly, on or before March 18, 2025, to approve the allotment of equity shares pursuant to the exercise of the warrant conversion option

SpiceJet MD Ajay Singh sells 0.9% stake in company for Rs 52 crore

Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52 crore through an open market transaction. According to the bulk deal data on the BSE, Ajay Singh sold over 1.15 crore shares, amounting to a 0.9 per cent stake in Gurugram-based SpiceJet. The shares were disposed of at an average price of Rs 45.34, taking the transaction value to Rs 52.31 crore. After the stake sale, Singh's holding in SpiceJet has come down to 22 per cent from 22.90 per cent. Also, the combined shareholding of promoters and promoter group of the company has declined to 28.23 per cent from 29.13 per cent. Details of the buyer(s) of SpiceJet's shares could not be ascertained on the exchange. Shares of SpiceJet on Thursday declined 6.38 per cent to close at Rs 45.48 apiece on the BSE. Earlier, the budget airline was facing a fresh round of troubles as three Ireland-based aircraft lessors and a former pilot filed insolvency pleas in NCLT

SpiceJet in trouble as 3 aircraft lessors, ex-pilot file insolvency pleas

SpiceJet is facing fresh round of troubles as three Ireland-based aircraft lessors and a former pilot have filed insolvency pleas in NCLT against the budget carrier, claiming defaults. Three lessors - NGF Alpha, NGF Genesis and NGF Charlie- have filed petitions under Section 9 of IBC, seeking initiation of insolvency proceedings against SpiceJet claiming dues totalling USD 12.68 million (about Rs 110 crore). SpiceJet, during the proceedings of the National Company Law Tribunal, earlier this week, sought some time to resolve the matter as settlement talks were going on. "Counsel on behalf of the Operational Creditor (SpiceJet) is present and sought time to seek instructions on the future course of action to be taken in the matter," NCLT said in an order. The insolvency tribunal directed to list all three petitions on April 7, 2025, for the next hearing. The lessors had earlier leased five Boeing 737 to SpiceJet. They had served legal notice to SpiceJet wherein they alleged theft o

SpiceJet shares fly 6% after Plutus Wealth buys 9 mn shares via bulk deal

As per BSE bulk deal data, Plutus Wealth Management LLP bought 9 million shares at Rs 46 per share of SpiceJet

Stocks to Watch, Feb 27: SBI, Airtel, UltraTech, Nuvama, SpiceJet, IndiGo

Stocks to watch today: SBI has reached a housing loan book of Rs 8 trillion and aims to grow its mortgage book to Rs 10 trillion by March 2027, according to its Chairman, C S Setty

SpiceJet posts Rs 26 cr profit in Dec quarter backed by high performance

Budget airline SpiceJet on Wednesday reported a profit after tax of Rs 26 crore for the three months ended December 2024, helped by overall improved performance. The carrier had posted a loss of Rs 300 crore in the year-ago period. "Total revenue surged by 35 per cent to Rs 1,651 crore, driven by strong passenger demand, improved yields and enhanced operational efficiency. Passenger Load Factor (PLF) stood at an impressive 87 per cent," the airline said in a release. Total revenue stood at Rs 1,077 crore in the 2024 September quarter. However, compared to Rs 2,149 crore reported in the three months ended December 2023, the total revenue is lower in the latest December quarter. The results for the third quarter of the current financial year was scheduled to be announced on Tuesday. However, the meeting of the company's board of directors, through video conferencing, started at 1.30 pm and ended only at 11.50 pm on Tuesday, according to a filing made to the BSE at 12.51 am on ...

SpiceJet to re-induct grounded Boeing 737 Max aircraft fleet into ops

Domestic budget carrier SpiceJet on Tuesday said it is set to re-induct one of its grounded Boeing 737 Max aircraft into operations from January 29, as part of its plan to put all these planes back into service in a phased manner. The first such plane is set to be deployed on high-demand markets such as Jeddah and Riyadh, starting Wednesday, it said. Grounded for several months, the aircraft's return marks a significant milestone in the airline's fleet restoration and operational enhancement efforts, SpiceJet said in a statement. Under its ongoing fleet restoration plan, the airline aims to bring ten aircraft, including four Boeing 737 MAX planes, back into service by mid-April and this is the first 737 MAX aircraft to be brought back under the exercise, it said. In addition to this, SpiceJet said it has since October last year added 10 aircraft to its fleet, comprising three previously grounded planes and seven newly-leased aircraft. This has enabled the airline to expand its net

Adani Enterprises, Zomato, SpiceJet: 15 stks dip 27% below their QIP price

These 15 companies accounted for 70 per cent of total fund mobilisation of Rs 93,453 crore via QIP route in the past six months, according to PRIME Database.

Delhi High Court tells SpiceJet to pay $2.67 million to lessor in a week

Chairman and Managing Director of SpiceJet Ajay Singh appeared before the Delhi High Court during the hearing

SpiceJet to bring 10 grounded Boeing 737 back into service by mid-April

Domestic carrier SpiceJet on Friday announced plans to bring back into operations 10 of its grounded aircraft, including four Boeing B737 Max, by mid-April. The airline said it has added 10 planes to its fleet since October 2024 -- three grounded aircraft that were brought back into service and seven inducted on lease. The move comes close on the heels of SpiceJet signing a pact with US-based engine MRO StandardAero Inc last month for the restoration of its grounded MAX fleet. SpiceJet has 28 aircraft, of the total 62 in the fleet, in operations, comprising 20 B737, six De Havilland Canada DHC-8 Dash 8 and two Airbus A320, as on January 10 as per flight tracking website planespotter.com. The remaining 34 aircraft -- 16 B737s and 18 De Havilland Canada DHC-8 Dash 8 -- are on the ground due to various reasons, as per the website. The return of 10 grounded aircraft back into operations will help the airline significantly increase its current fleet of 28 aircraft, even as some of thes

Stocks to Watch, Dec 31, 2024: RIL, Lupin, ITC, Adani Enterprises, SpiceJet

Stocks to Watch on Dec 31, 2024: From ITC to Adani Enterprises, here are few stocks that will remain in focus today

Will talk to Boeing to restart 737 Max deliveries: SpiceJet CMD Ajay Singh

Boeing delivered about 13 aircraft before halting deliveries as the airline began facing financial difficulties