Page 17 - Spicejet

SpiceJet now interim fixed pay system; some pilots flag salary cuts

Budget carrier SpiceJet, which had resorted to hourly-basis pay for pilots amid the pandemic, on Sunday said it has introduced a new "interim fixed salary system" for captains and first officers.

SpiceJet gets shareholders' nod to transfer logistics biz to subsidiary

Besides, the shareholders have cleared the proposal to raise up to Rs 2,500 crore through the Qualified institutional placement (QIP) route.

SpiceJet looks to save Rs 1K cr on commercial settlement with MAX lessors

The commercial settlement finalised by SpiceJet with two major lessors of MAX aircraft will result in savings of roughly around Rs 300 crore for the Ajay Singh-led carrier.

Tech View: Can airline stocks fly higher or will they run out of fuel soon?

The last week's volume in SpiceJet was higher than its previous 35 weekly sessions

Aviation stocks flying high but crude oil prices may be a dampener

IndiGo hits a lifetime high on expectations of recovery, market share gains

Govt may select winner in Air India's disinvestment in about three weeks

The Tata group and SpiceJet promoter Ajay Singh are in the race to acquire the loss-making airline

Tatas, SpiceJet's Ajay Singh submit financial bids to acquire Air India

The Tata group has confirmed that it has put in its bid. Ajay Singh has participated in the bid

SpiceJet settles with Boeing MAX aircraft lessor CDB Aviation

The 737 MAX was grounded worldwide in March 2019 after two fatal crashes in five months killed 346 people, plunging Boeing into a financial crisis

Issue with a section of employees at Delhi airport resolved: SpiceJet

A section SpiceJet employees went on strike at the Delhi airport on Friday morning over issues related to reduced salaries

India to offer indemnity to Air India bidder over Cairn claim: Report

Air India, unprofitable since a 2007 merger with state-owned domestic operator Indian Airlines Ltd., has total debt of Rs 60,000 crore and loses Rs 20 crore every day

SpiceJet shares close 3% higher after DGCA lifts ban on Boeing 737 Max

Shares of SpiceJet on Friday closed nearly 3 per cent higher after aviation regulator DGCA lifted the ban on Boeing 737 Max planes' commercial flight operations after almost two-and-half years.

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.

DGCA rescinds ban on Boeing 737 MAX for commercial flight operations

Around 175 countries have allowed the 737 MAX to return to service following a safety ban, with 30 airlines already restarting their MAX aircraft services.

SpiceJet expects to restart Boeing MAX service by September-end

Around 175 countries have allowed the 737 MAX to return to service following a nearly two-year safety ban, with 30 airlines already restarting their MAX aircraft services.

HC grants SpiceJet relief against recovery proceedings by GST authorities

GST authorities had asked SpiceJet to pay tax liabilities of Rs 80.6 crore and furnish details of properties.

Hiving off logistics biz, fund raise to unlock value for SpiceJet investors

Analysts say the move will remove key overhangs from SpiceJet's stock and suggest investors 'hold' it in their portfolios

SpiceJet kicks off cargo business sale; valuation at Rs 2,500 crore

It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money

Under Covid stress, SpiceJet's net loss widens to Rs 729 cr in Q1

The company says it continues to incur various costs owing to the grounding and the inability of Boeing 737 Max aircraft to undertake revenue operations

SpiceJet announces transfer of logistics business to SpiceXpress

SpiceJet on Tuesday announced it was transferring its cargo and logistics services on a slump sale basis to its subsidiary SpiceXpress and Logistics Private Limited.

SpiceJet shares close down over 4% after loss of Rs 729 crore in Q1

Shares of SpiceJet on Monday declined by more than 4 per cent at close after the company reported a loss of Rs 729 crore for the April-June quarter