Max aircraft's grounding was a bigger disaster for SpiceJet than Covid: CMD
Ajay Singh said that after the Covid outbreak, SpiceJet was relatively weaker than other Indian carriers20-03-2023
20-03-2023
'We didn't sack anyone': SpiceJet boss Ajay Singh explains how the carrier survived Covid lows
'Our thought process was that in this horrible adversity that we have what are the opportunities that we can find. And how can we stay alive,' says Ajay Singh18-03-2023
'Gujiya, beverage in cockpit': SpiceJet pilots grounded for celebrating Holi while flying
The airline has grounded two pilots for risking the lives of the flyers onboard the Delhi-Guwahati SpiceJet flight. The incident took place on the day of Holi celebrated across the nation on March 8, Wednesday.16-03-2023
Brokerage sees 66% rise in SpiceJet stock on healthy air traffic growth in FY24
Reliance Securities maintain BUY' rating on SPJET, with an unrevised target price of 61, which shows an upside of 66 per cent at current market price of 36.48 on BSE.03-03-2023
SpiceJet's $100 mln debt rejig: Carlyle Aviation to buy stakes in airline
In a move that will help reduce its debt by USD 100 million, cash-strapped SpiceJet on Monday announced that Carlyle Aviation Partners will acquire a 7.5 per cent stake in the airline by converting outstanding dues as well as snap up shareholding in the cargo business. As it faces multiple headwinds, the no-frills carrier will also tap the Qualified Institutional Buyer (QIB) route to raise up to Rs 2,500 crore. SpiceJet's board has approved restructuring more than USD 100 million outstanding dues to aircraft leasing firm Carlyle Aviation Partners into equity shares and Compulsorily Convertible Debentures (CCDs). Carlyle Aviation Partners is the commercial aviation investment and servicing arm of Carlyle's USD 143 billion Global Credit platform. Fresh equity shares to the tune of USD 29.5 million (around Rs 244.28 crore) will be issued to Carlyle Aviation Partners at Rs 48 per share or the Sebi-determined price, whichever is higher. Post deal, the lessor will have a 7.5 per cent sta27-02-2023
SPICEJET LTD. - 500285 - Outcome Of Board Meeting Held On February 27, 2023
Please find attached outcome of Board Meeting of SpiceJet Limited held on February 27, 2023 from 10:30 a.m. to 11:30 a.m.27-02-2023
SpiceJet introduces direct flight service from Delhi to Shillong
SpiceJet has launched a direct flight service from Delhi from the Shillong, officials said on Saturday. The airline said the Delhi-Shillong flight would operate on Monday and Friday. "The inaugural flight landed from Delhi at the airport here with 18 passengers on Friday. The same flight took off with 12 outbound passengers," an Airport official told PTI. He said senior government officials including transport department secretary H Kharmalki and MTC MD KL Nongbri were present. SpiceJet is the third airline to start scheduled flights from Shillong after Indigo and Alliance Air. SpiceJet had entered into an MoU with the Meghalaya government in January to connect the Meghalaya capital with the national capital. Earlier, Fly Big airlines had operated the ShillongDelhi route but an MoU with them was withdrawn last year.25-02-2023
SpiceJet net profit quadruples in Q3 on higher demand, fares
The December quarter is traditionally strong for airlines as the onset of festivals and the holiday season boosts air travel24-02-2023
SpiceJet Board to meet again on 27 Feb to mull raising fresh capital
SpiceJet's Board will also discuss issuance of equity shares on a preferential basis for conversion of outstanding liabilities into equity shares of the company24-02-2023
SPICEJET LTD. - 500285 - Board Meeting Intimation for Notice Of Adjournment Of Board Meeting Scheduled On February 24, 2023
SPICEJET LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/02/2023 ,inter alia, to consider and approve (a) issuance of equity shares on preferential basis consequent upon conversion of outstanding liabilities into equity shares of the Company, subject to applicable regulatory approvals. (b) raising fresh capital through issue of eligible securities to qualified institutional buyers, subject to applicable regulatory approvals. Further, pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015 read with Company's Code of Conduct for Prevention of Insider Trading, the Trading Window for dealing in securities of the Company shall remain closed for the Designated Persons till March 1, 2023 (end of the day).24-02-2023