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SpiceJet Durgapur incident: DGCA suspends pilot's licence for 6 months

 Aviation regulator DGCA has suspended the licence of a SpiceJet pilot for six months following an incident where the airline's flight from Mumbai to Durgapur had faced severe turbulence and resulted in injuries to many passengers in May. In the incident that happened on May 1, as many as 14 passengers and 3 cabin crew members were injured. A senior DGCA official on Saturday said the licence of the pilot-in-command of the flight has been suspended for six months due to various violations. Among others, the pilot could have dealt with the bad weather situation in a better manner, the official said. There were no comments on the issue from SpiceJet. Since it was a serious incident, the Aircraft Accident Investigation Bureau (AAIB) was probing the matter. As many as 195 people, including 2 pilots and 4 cabin crew members were onboard the flight. Earlier, the Directorate General of Civil Aviation (DGCA) had said the 14 passengers and 3 cabin crew members suffered injuries related to
20-08-2022

SpiceJet, Credit Suisse AG resolve financial dispute, inform SC

 Low cost airline SpiceJet and Swiss firm Credit Suisse AG on Thursday told the Supreme Court they have resolved their financial dispute. The apex court then permitted SpiceJet to withdraw its appeal against a Madras High Court verdict ordering that the airline be wound up on account of alleged non-payment of dues to Credit Suisse AG. "There is a settlement which has taken place on May 23, 2022 as per the consent terms. In view of it, both the parties are satisfied with the settlement and want to withdraw the SLP (special leave petition) filed by the petitioner. "Accordingly, the application is allowed," an apex court bench comprising Chief Justice N V Ramana and Justices Hima Kohli and C T Ravikumar said in the order. The parties, it said, are directed to abide by the consent terms. "It is noted that some amount was deposited in the Madras High Court in pursuance of the order of Madras High Court. Parties are at liberty to make an application for release of the money," the court ..
18-08-2022

Customs officers seize gold worth Rs 11.78 lakh at Mangaluru Airport

 Sleuths of Mangaluru Customs have seized 224 gm gold of 24-carat purity valued at Rs 11,78,240 from a male passenger. The man, hailing from Bhatkal, arrived at the Mangaluru International Airport (MIA) from Dubai by Spicejet flight on Wednesday, a Customs release here said. The gold was extracted from an oval shaped object which was concealed with the precious metal kept in powder form that was tucked away in the passenger's body. Further investigation is in progress.
18-08-2022

Case against social media influencer for smoking inside SpiceJet plane

 The Delhi Police has registered an FIR against social media influencer Bobby Kataria after a video of him lighting a cigarette inside a SpiceJet flight surfaced, officials said on Tuesday.
16-08-2022
Bigul

SPICEJET LTD. - 500285 - Settlement Agreement With Aircraft Lessors

 We are pleased to announce that the Company has entered into settlement agreement with aircraft lessor Goshawk Aviation Limited and its affiliated leasing entities namely Wilmington Trust SP Services (Dublin) Limited, Sabarmati Aviation Leasing Limited and Falgu Aviation Leasing Limited related to two (2) Boeing 737 MAX aircraft and one (1) Boeing 737-800 NG aircraft. Please find attached disclosure in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
16-08-2022
Bigul

SpiceJet:Going into a tailspin

 There are no easy landings for the debt-ridden budget airline, but chairman Ajay Singh is a fighter
15-08-2022

SpiceJet launches taxi service for its passengers at 28 airports

 Passengers booking SpiceJet flights will receive an SMS with details of the SpiceJet taxi service, the airline said in a statement noted
13-08-2022
Bigul

SPICEJET LTD. - 500285 - Spicejet Ltd reply to clarification sought by the exchange

 The Exchange had sought clarification from Spicejet Ltd with reference to the media report appearing on : https://www.business-standard.com/ dated August 03, 2022 (Link:https://www.business-standard.com/article/companies/spicejet-in-discussion-with-middle-eastern-carrier-for-possible-stake-sale-122080300276_1.html) titled "SpiceJet in discussion with Middle Eastern carrier for possible stake sale".Spicejet Ltd response is enclosed.
10-08-2022
Bigul

SpiceJet loans placed in high-risk category by some banks

 SpiceJet's shares fell as much as 4.8 per cent on the news, and 30 per cent so far this year.
08-08-2022
Bigul

SPICEJET LTD. - 500285 - Clarification Regarding News Article

 Apropos the news article by Reuters - IDFC, Indian Bank, Yes Bank put SpiceJet loans on high-risk- sources (https://www.reuters.com/business/aerospace-defense/idfc-indian-bank-yes-bank-put-spicejet-loans-high-risk-sources-2022-08-08/), SpiceJet would like to state that the article is absolutely false and baseless. None of our banks has put our account on high risk or alert. The same has been confirmed to us by our lenders. It is unfortunate that the story was run despite our strong denial and no official comment from any of our banks.
08-08-2022
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