The woes for SpiceJet are not over yet with an insolvency case against the airline due for hearing at the National Company Law Tribunal (NCLT) next week. In the meantime, lessor Aircastle has filed an...
Looks like domestic airlines in India are making the most of Go First’ cancelled operations. In a parallel move SpiceJet is planning to revive 25 grounded Boeing 737 and Q400 aircraft and have managed...
Credit Suisse has moved to the India’s top court against SpiceJet alleging contempt of court over the failure of the airline to comply with a court-approved settlement plan for payment of dues. SpiceJ...
India’s domestic air passenger traffic (PAX) continues to increase steadily as compared to last year. In March 2023 the PAX showed a climb of 21.4% year-on-year(Y-O-Y), as per the data released by the...
SpiceJet has finally hived off its cargo arm-SpiceXpress, making it a separate entity. With this transaction, SpiceJet has gained around $310 million and considerably reduced its negative net worth. “...
SpiceJet is planning to sell more shares to reduce its liabilities revealed chairman and managing director, Ajay Singh. Speaking at a recent media event, Singh said: “We are flexible. We will talk to ...
Turkish Technic is planning to sue SpiceJet for approximately $14.5 million for breaching of the maintenance contract signed in 2018. The MRO claims that SpiceJet has neither paid the invoices nor ret...
Indian carriers will operate a total of 22,907 weekly domestic flights during the summer schedule starting from March 26, 2023 according to the aviation regulator Directorate General of Civil Aviation...
The Directorate General of Civil Aviation (DGCA) of India has deregistered two Boeing 737s that were leased to SpiceJet as per the terms of Irrevocable De-registration and Export Request Authorization...
De Havilland Aircraft of Canada is hoping to win over 80% of India’s small plane market share, as the country aims to advance its regional connectivity scheme focusing on smaller Tier II and Tier III ...
Carlyle Aviation now holds a 7.5% stake in SpiceJet after converting $100 million of outstanding dues into equity. Carlyle also acquired compulsorily convertible debentures in SpiceXpress, the airline...
After reporting a loss of almost $70 million in the second quarter of 2022, SpiceJet reported a 160% rise in consolidated net profit at $13 million for its third quarter ending December 31, 2022. The ...
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