Page 2 - Spicejet

'Air travel has come roaring back': SpiceJet net profit rises 160%

Cash-strapped airline in the black after 3 qtrs; plans to raise Rs 764-cr ECLGS loan

SpiceJet soars 15% as net profit jumps five-fold to Rs 107 crore in Q3

Despite a big jump in passenger traffic, business has continued to be impacted by high fuel prices and depreciating Rupee, the company said

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Amid record aircraft orders, aviation remains a long-term play: Analysts

A linear profit growth is unlikely for the Indian aviation players as high oil prices hit the industry every two-three years

Spicejet to consider capital raise amid losses, market share battle

Spicejet's market share slipped to 7.3% in January from 7.7% in December

SpiceJet board to consider fundraising to cover outstanding liabilities

SpiceJet on Tuesday said its board will meet on Friday to consider options to raise funds as well as to convert certain outstanding liabilities into equity shares of the company. The no-frills airline, which has been grappling with multiple headwinds, including legal woes, is looking to raise fresh capital through issuance of eligible securities to qualified institutional buyers. Besides, the carrier plans to issue equity shares on preferential basis consequent upon conversion of outstanding liabilities into equity shares of the company, subject to applicable regulatory approvals, according to a filing to the BSE. Both plans will be taken up by the board of directors during its meeting scheduled for February 24. Specific details about the proposals could not be immediately ascertained. In December last year, SpiceJet Chairman and Managing Director Ajay Singh told shareholders that the company is engaged with investment bankers to raise up to USD 200 million in order to achieve its

SpiceJet flight returns to Mumbai airport due to cabin pressurisation alert

A Kandla-bound SpiceJet flight from Mumbai returned to the city airport on Saturday due to a cabin "pressurisation alert," the airline has said. The aircraft has landed safely and neither passengers nor crew members have reported any discomfort, SpiceJet said in a statement. The airline, however, did not share the number of persons onboard the Bombardier Q400 aircraft. On February 18, SpiceJet Q400 aircraft was scheduled to operate the airline's flight SG-2903 (Mumbai - Kandla), the airline said in the statement. "After take-off, cabin pressurisation alert came. The pilot-in-command decided to return to Mumbai," it said. According to SpiceJet, the Mumbai Air Traffic Control was apprised of the situation and the aircraft was landed "safely" at Mumbai. The operation of the airline's flight to Tirupati from Mumbai was also affected. It has not been cancelled, the statement said, adding that only its scheduled time of departure has been revised.

Kalanithi Maran can encash Rs 270 cr bank guarantee in SpiceJet dispute: SC

Court orders SpiceJet to deposit Rs 75 cr in drawn-out dispute over airline's acquisition

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SpiceJet offloads passenger for unruly behaviour at Delhi airport

SpiceJet on Monday offloaded a passenger from a Hyderabad-bound aircraft for unruly behaviour at the Delhi airport. The incident happened onboard a SpiceJet wet-leased Corendon aircraft that was scheduled to operate SG-8133 flight from Delhi to Hyderabad. "During boarding at Delhi, one passenger behaved in an unruly and inappropriate manner, harassing and causing disturbance to cabin crew. The crew informed PIC (Pilot In Command) and security staff of the same. The said passenger and a co-passenger, who were travelling together, were offloaded and handed over to the security team," the airline said in a statement. A senior official at the Directorate General of Civil Aviation (DGCA) said it is looking into the matter and will take appropriate action.

Ticketing agent held for making hoax bomb call in SpiceJet Delhi-Pune plane

After receiving the complaint, a case was registered under relevant sections, they said

Bomb call grounds SpiceJet Delhi-Pune flight; all passengers safe: Police

All the passengers and crew members are safe, they said, adding that the aircraft is being checked

Aviation regulator seeks report from SpiceJet on Delhi airport incident

A senior DGCA official on Thursday told PTI that the regulator is looking into the incident and has sought a report from the airline

SpiceJet passengers wait long at Delhi; airline says delay from crew

Passengers of a Bengaluru-bound SpiceJet plane had to wait for a long time at the aerobridge at Delhi airport on Tuesday, with the airline saying the flight was delayed due to weather disruption that led to incoming crew exceeding their duty time limit. One of the passengers shared on social media a video of many co-passengers waiting at the aerobridge. In the video, some of them were heard asking for water. The incident happened with passengers of SpiceJet flight SG 8133 from Delhi-Bengaluru. A SpiceJet spokesperson said the flight was delayed on account of weather disruption in the network and the aircraft's previous rotation. "As a result of this, the incoming crew was not legal to operate the subsequent flight to Bengaluru and crew was arranged from another incoming flight which was legal as per duty time limitation," the spokesperson said in a statement. According to the statement, as passengers had completed the security check they were requested to wait at the ...

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SpiceJet shareholders' approve re-appointment of Ajay Singh as director

Shareholders of SpiceJet on Monday approved the re-appointment of Ajay Singh as a director of the no-frills airline. At the annual general meeting, the shareholders also gave their nod for the adoption of audited financial statements for financial year ended March 31, 2022. In a regulatory filing, the carrier said the re-appointment of Singh as a director liable to retire by rotation was cleared by the shareholders with requisite majority. Currently, Singh is the Chairman and Managing Director of the no-frills airline. Singh was originally appointed as director on November 4, 2004 and subsequently resigned on August 27, 2010. Thereafter, he was appointed as Managing Director of the company on May 21, 2015. The budget carrier is facing multiple headwinds and reported a net loss of Rs 789 crore in the June quarter due to an adverse impact of high fuel prices and rupee depreciation. On Monday, shares of the airline jumped nearly 7 per cent to close at Rs 37.85 apiece on BSE. SpiceJ

NCW chief Rekha Sharma asks SpiceJet to take down 'red-hot girls' tweet

The National Commission for Women has asked Spice Jet to take down a post describing women flight attendants as "red hot girls". NCW Chairperson Rekha Sharma has written a letter to the director of the airlines this regard. The budget carrier had shared a picture of veteran actor Dharmendra, travelling on one of its flight, with the crew. The NCW objected to the airline's tweet which read -- "Garam-Dharam with our red-hot girls.

UN aviation body rejects SpiceJet claim, says it didn't inspect airline

Budget carrier said on Dec 5 its safety processes were found in order 'following an exhaustive audit conducted by the ICAO'