SpiceJet equity offer to Aircastle rejected
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...
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...
A SpiceJet aircraft caught fire at Delhi’s Indira Gandhi International Airport during engine maintenance work. On May 25, a section of a SpiceJet Dash 8-Q400 aircraft was seen engulfed in flames at De...
The National Company Law Tribunal deferred the hearing of three insolvency pleas filed by lessors against SpiceJet. The pleas, filed by Aircastle Ireland Limited and Wilmington Trust (SP) services, ha...
Hahn Air added 12 new partner airlines to its network in the first half of 2023. Hahn Air offers its distribution partners benefits like broadened distribution reach and incremental revenue by extendi...
In an attempt to infuse more funds in cash-strapped airline, Ajay Singh is planning to add $60.85 million into SpiceJet in lieu of fresh equity shares or convertible instruments, or both. Singh's deci...
SpiceJet has settled INR 1bn payment to City Union Bank. The last tranche of INR 0.25 crore was paid on June 30, 2023 as per the airline’ filing on July 3. “This successfully closes the entire loan ac...
SpiceJet has expanded its partnership with Hahn Air to increase its market reach by signing an interline agreement. As a part of the deal, SpiceJet aims to benefit from a comprehensive distribution se...
SpiceJet has recently settled its liability issues with Nordic Aviation Capital (NAC). The lessor has leased several Q400 propellor aircraft to SpiceJet. The airline issued a statement saying that it ...
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