New Delhi: Embattled airline SpiceJet on Tuesday said it has settled a $23.39 million dispute with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Ltd for an aggregate sum of $5 million, as it faces a new insolvency case amid some still remain unresolved. The fresh settlement has been reached along with … Read more
The payment clearances come after SpiceJet recently raised Rs 3,000 crore through qualified institutional placement (QIP). This comes after Spicejet recently cleared salary arrears and GST dues. After clearing salary arrears and GST dues, budget carrier Spicejet on Friday deposited 10 months’ worth of provident fund (PF) dues. “Spicejet is pleased to announce that within … Read more
Published By: Mohammad Haris Last Updated: September 23, 2024, 14:53 IST SpiceJet is already facing several insolvency petitions from creditors, including Willis Lease, Aircastle Ireland Ltd, Wilmington and Celestial Aviation at NCLT and the appellate tribunal NCLAT. A two-member NCLT bench, comprising Mahendra Khandelwal and Sanjeev Tanjan, has directed Spicejet to file a reply and … Read more
Stocks To Watch On September 23: Domestic markets edged higher on Friday, gaining nearly one and a half percent, largely tracking global trends. In today’s trade, shares of SpiceJet, Mankind Pharma, Vodafone Idea, Aarti Drugs, BHEL, among others will be in focus due to various news developments. SpiceJet: SpiceJet’s board approved the issuance of 48.71 … Read more
New Delhi: SpiceJet has raised Rs 3,000 crore through sale of shares to qualified institutional buyers, providing a much-needed tailwind for the struggling airline. Foreign entities, including Societe Generale – ODI, Goldman Sachs (Singapore) Pte – ODI, Nomura Singapore Ltd ODI and Discovery Global Opportunity (Mauritius) Ltd are among the investors who have been allotted … Read more
NEW DELHI: SpiceJet on Saturday canceled its Delhi to Darbhanga flight which led to disgruntled passengers staging a protest at Delhi airport. A video of passengers protesting and shouting slogans at the airport was shared on social media. A spokesperson of the airline in a statement said that flight SG 495 from Delhi to Darbhanga … Read more
SpiceJet had mentioned about the settlement pact with Carlyle Aviation, which had earlier also restructured certain debt with the airline. | Photo Credit: Reuters SpiceJet on Tuesday (September 10, 2024) said Carlyle Aviation will write off aircraft lease arrears worth $40.17 million as part of a settlement agreement that will also result in the entity … Read more
Stocks To Watch On September 9: Equity markets concluded a three-week winning streak with a loss of over 1.5%, largely impacted by weak global cues. In today’s trade, shares of SpiceJet, Shriram Finance, Suven Pharma, Mazagon Dock, Suzlon Energy among others will be in focus due to various news developments. Shriram Finance: Shriram Finance is … Read more
SpiceJet, which had a fleet of 74 planes in 2019, is currently operating around 20 aircraft. | Photo Credit: Reuters SpiceJet promoter and chairman Ajay Singh may offload more than 10% stake in the struggling carrier as part of the latest funding round that is expected to close by the end of September, according to … Read more
Image used for representative purpose only. | Photo Credit: Reuters Cash-strapped domestic carrier Spicejet plans to raise ₹3,200 crore through QIP, warrants and capital infusion by the promoter, the airline said in a presentation on Friday (September 6, 2024). The funds will be utilised in taking back the grounded fleet in operations, liability settlement, new … Read more
