SpiceJet has resolved its dispute with Engine Lease Finance Corporation (ELFC) on September 24, 2024, after successfully fundraising for new aircraft. The Irish-based lessor had initially claimed $16....
Indian low-cost carrier SpiceJet has approved a fundraising initiative through a qualified institutional placement (QIP) of shares, which is expected to be completed by the end of September this year....
SpiceJet has finalised lease agreements for ten aircraft as part of its efforts to augment capacity, as well as receiving a further three airframes as part of recent settlement agreements. The airc...
SpiceJet has been ordered by the Delhi High Court to return a leased engine to Belgium-based Engine Lease Finance BV by March 10, 2024. Inspections on the engine will be conducted by both parties indi...
Indian budget carrier SpiceJet's managing director Ajay Singh has submitted a joint bid along with Busy Bee Airways for Go First airlines (which declared bankruptcy in May 2023, citing the GTF engine ...
SpiceJet’s Board of Directors has approved the raising of fresh capital of over INR 2,250 Crore (approximately $270 million) through the issue of equity shares and warrants. In a unanimous decision, t...
Indian airline SpiceJet has welcomed the return of its leased 787-800, registered as VT-SLM, which was seized by creditors in Dubai on 30 November 2023 following an unscheduled diversion. The aircraft...
Aircraft lessor Aircastle is reported to have rejected SpiceJet's offer to allocate shares in lieu of its debt. SpiceJet had been hoping to negotiate similar settlements with all of its lessors, accor...
SpiceJet reported a net profit of INR 1.9bn for the second quarter April-June 2023 (Q2) and a net loss of INR 0.62bn for the March quarter of FY23. The airline announced the earnings for the two quart...
In another blow to SpiceJet, Celestial Aviation Services Limited has filed a plea to initiate Corporate Insolvency Resolution Process (CIRP) at the National Company Law Tribunal (NCLT). The plea is fi...
SpiceJet has sought its shareholders' approval for Carlyle Aviation Partners, to acquire a 5.91% stake in the airline at INR 48 per share. “Carlyle will acquire these shares through the conversion of ...
The Jalan-Kalrock Consortium (JKC) appointed Jatinderpal Singh Dhillon as the Accountable Manager for Jet Airways effective July 2023. “Jatinderpal Singh Dhillon is an experienced aviation veteran wit...
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