#SpiceJet has been in talks with lessors, investors and lenders in #India and abroad for renegotiating contracts, raising funds, and restructuring.

https://www.livemint.com/companies/news/spicejet-open-to-sell-more-stakes-in-airline-biz-11679593518529.html

#SpiceJet has put its strategy in motion to resurrect 25 of its out-of-service planes.

The revival expenses will be financed through the Emergency Credit Line Guarantee Scheme provided by the government & improved cash inflow.

Read here: https://www.livemint.com/news/india/spicejet-to-revive-25-grounded-aircraft-11683085252893.html

#SpiceJet, which completed 18 years of flying on Tuesday, announced that they have decided to hike the salary of their captains to ₹7.5 lakhs per month for flying 75 hours.

https://www.livemint.com/companies/news/spicejet-hikes-salaries-for-pilots-to-pay-rs-7-5-lakh-per-month-11684858921412.html

#MintCharts | Indian #aviation sector has steadily veered towards a duopoly. In 2023 until May, #IndiGo and the #TataGroup accounted for 85% of domestic passenger traffic.

While IndiGo has been a perennial market leader, the identity and share of the second airline has changed. In 2019, the combined passenger share of the top two airlines (the second being #SpiceJet) was 62%. In 2014, this figure was 54%, the second being #JetAirways.

#SpiceJet on 3 July has announced that it has settled its ₹100 crore payment to City Union Bank. As per the company's statement, the last tranche of ₹25 crore was paid on 30 June, 2023.

https://www.livemint.com/news/india/spicejet-repays-entire-rs-100-crore-loan-to-city-union-bank-after-final-tranche-of-rs-25-crore-11688372804256.html

The #SC also dismissed pleas filed by #Spicejet seeking an extension to pay ₹75 crore to #KalAirways and #Kalanithi, and observed that filing applications to seek extension is a delay tactic.



Read here: https://www.livemint.com/companies/news/sc-directs-spicejet-to-pay-entire-arbitration-award-of-rs-380-cr-to-maran-11688721106947.html

Kal Airways has denied any possibility of an amicable settlement with #SpiceJet, stating that the matter has been finalised by the Supreme Court of India.

Read here: https://www.livemint.com/companies/news/no-amicable-settlement-with-spicejet-kal-airways-11688970689695.html

#SpiceJet had reported multiple incidents of technical glitches during flights between April and July 2022. As a result, the regulator issued an order on 27 July, 2022 to keep the airline under enhanced surveillance.

Read here: https://www.livemint.com/companies/news/spicejet-removed-from-enhanced-surveillance-by-dgca-receives-capital-infusion-and-resumes-grounded-flights-11690307188337.html

Delhi High Court directed #SpiceJet to pay ₹100 crore to Marans by 10th of September or attachment of assets will start.

Ajay Singh can also be arrested in case of non-payment by September 10.

Read here: https://www.livemint.com/companies/news/delhi-hc-directs-spicejet-to-pay-rs-100-crore-to-marans-by-10-september-to-avoid-ajay-singhs-arrest-asset-attachment-11692861117766.html

The Directorate General of Civil Aviation (#DGCA) has issued a show cause notice to #AirIndia, & #SpiceJet for rostering non-CAT III compliant pilots, or pilots trained to land in low visibility in national capital Delhi.

Read here: https://www.read.ht/Ra2z

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#USEmbassy #Visa #ArtificialInteligence #Asteroid #Earth #Spicejet #Aviation #VodafoneIdea #India

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#BandhanBank #retailinflation #SpiceJet #EaseMyTrip #Fighter #HrithikRoshan #DeepikaPadukone #HeroMotoCorp #China

#SpiceJet's chairman Ajay Singh, alongside Busy Bee Airways, has submitted a bid for #GoFirst.

The collaboration aims to enhance cost management, boost revenue, and create a formidable market presence.

Read here: https://www.read.ht/Ryhd

JSW Steel eyes $1 bn pie of Australian coal mine | Valuations rise as #Nifty hits new high, but earnings higher too | Pay up #CreditSuisse dues by 15 Mar, SC tells #SpiceJet

Read today's Mint e-paper here: https://epaper.livemint.com

Low-cost carrier #SpiceJet today said that it has secured an additional ₹316 crore in funding, bringing the total raised through its preferential issue to ₹1,060 crore.

(Anu Sharma reports)

Read here: https://www.read.ht/SBio

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#SpiceJet #personalloans #Ikea #Mumbai

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#WTO #Sony #PlayStation #CoalIndia #SpiceJet

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#MacrotechDevelopers #QIP #KuldeepYadav #BhartiAirtel #SpiceJet #InternationalWomensDay2024

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#SubkoCoffeeRoasters #Zerodha #NikhilKamath #SpiceJet #NBFC #Mubadala #WeWork #GAIL

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#RBI #hospitality #SpiceJet #DelhiHighCourt #Nykaa #AdaniGroup