SPICEJET LTD. - 500285 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
SpiceJet, India's favourite airline, today announced that it has commercially agreed a settlement with CDB Aviation, another major lessor of MAX aircraft. This will add to already announced settlement with Avolon and grow its fleet of 737 MAX aircraft. The airline expects to start operations of MAX aircraft around the end of September 2021, subject to regulatory approvals.
737 Max return may not end SpiceJet's woes
Auditors of SpiceJet have raised doubts about the airline's ability to continue as a going concern SkyGourmet drags SpiceJet to NCLT to recover dues
It has filed an application under Section 9 of the IBC code to recover dues of Rs 1.3 cr SpiceJet yet to get NOC from bankers for hiving off cargo business
Low-cost airline's financial condition, erosion of net worth among concerns
SpiceJet doubles frequency of cargo flights to China
Air freight charges have gone up too and shippers are exploring trucking of export goods from Shanghai to alternate airports in China for onward carriage.
SpiceJet expects 737Max to return to service in India by September
SpiceJet has said it has entered into a settlement with Avolon, a major lessor of MAX aircraft, paving the way for the airline's 737 MAX aircraft to start to return to service Spicejet Ltd - 500285 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith Press Release.
SpiceJet's air cargo spin-off first step in building a logistics chain
Spicejet's decision to spin off the cargo business helps it raise capital during a difficult period for the passenger business
Recapitalization, demand revival to be key for SpiceJet
Higher fuel prices are a big near-term worry given they account for a major chunk of operating costs for airlines
Why is Spicejet transferring its cargo business to subsidiary SpiceXpress, explained
For SpiceXpress, this could mean the possibility of partnerships with global players in a market that is growing by leaps and bounds, thanks primarily to e-commerce. SpiceXpress will operate as a separate entity, but SpiceJet will continue to provide certain transportation services, ground and logistics support, management services, etc, assuring the latter of some steady business