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Crisis-hit SpiceJet plans to hand out pink slips to at least 1,000 employees
When contacted, a SpiceJet spokesperson said the airline has initiated several measures, includ…
PTI
SpiceJet settles ₹250 crore dispute with aircraft lessor Celestial Aviation
The representatives of both parties informed a bench of NCLT last week that settlement terms had be…
ANI
Mumbai biz couple invests Rs 1,100 cr in SpiceJet for 19% stake
In a strategic move to bolster SpiceJet's financial position and spur growth, Mumbai-based business…
SpiceJet subsidiary SpiceXpress to get USD 100 mn from UK group
Budget carrier SpiceJet on Monday said its subsidiary SpiceXpress and Logistics will receive USD 10…
PTI
SpiceJet CMD Ajay Singh takes over as the president of industry body Assocham
SpiceJet's Chairman & Managing Director Ajay Singh has assumed charge as the President Assocham, re…
PTI
Rise in airfares due to Go First's bankruptcy is temporary says SpiceJet CEO
SpiceJet CEO Ajay Singh on Thursday said there is a need for "more rational airfares" in the countr…
PTI
SpiceJet board okays Rs 2,250 crore capital infusion
The Board of Directors of SpiceJet approved the raising of fresh capital of over Rs 2,250 crore thr…
SpiceJet net profit jumps to ₹107 crore in Q3 FY2023
SpiceJet reported a net profit of Rs 107 crore (Rs 221 crore excluding forex adjustment) for the qu…
SpiceJet board will meet to consider fund raising funds, conversion of outstanding liabilities into equity
SpiceJet on Tuesday said its board will meet on Friday to consider options to raise funds as well a…
PTI
SC warns SpiceJet CMD Ajay Singh for making default in payment of Credit Suisse AG
The Supreme Court has issued a stern warning to SpiceJet Chairman and Managing Director (CMD), Ajay…
SpiceJet slides after Delhi HC orders it to complete payment to Kalanithi Maran
The SpiceJet stock slipped 6% in trade by Tuesday noon. The Delhi High Court on Monday gave low-cos…
SpiceJet net loss widens to ₹789 crore, CFO resigns
Amid the financial turmoil, the airline plans to raise USD 200 million, which is around Rs 1,600…
PTI
SpiceJet in active discussion with Middle Eastern carrier for a possible stake sale
Low cost carrier SpiceJet is said to be in active discussion with a Middle Eastern carrier for a po…
Geared up for expansion in operations, no question of filing insolvency: SpiceJet chief
SpiceJet has initiated the process of reviving its grounded fleet with the USD 50 million funds rec…
ANI
SpiceJet to raise ₹2,500 crore fresh capital, convert Carlyle’s debt into equity and demerge cargo biz
Low-cost carrier SpiceJet on Monday announced that its board has approved plans to raise fresh capi…
Tata Sons submits financial bid for Air India, SpiceJet's Ajay Singh still in the race
Tata Sons has submitted a financial bid for Air India, among other bidders.
SpiceJet to raise ₹2,500 crore, quarterly loss narrows
Budget airline SpiceJet on Wednesday reported a net loss of ₹235.3 crore in the fourth quarter of F…
SpiceJet hives off cargo & logistics biz into separate entity from Apr 1
It also paves the way for SpiceXpress to raise funds independently, SpiceJet said. The dec…
PTI
SpiceJet says it’s MD Ajay Singh is the victim to a bogus complaint
Managing Director of SpiceJet Ajay Singh has been booked in Gurugram for duping a businessman worth…
DGCA gives clean chit to SpiceJet, says no safety violation found
The DGCA found no major significant safety violations in the SpiceJet aircrafts.It asked the airlin…