SpiceJet chief Ajay Singh said that he considered the state-owned air carrier a 'good asset'
SpiceJet was lauded by US President Trump for an order of 100 new planes with Boeing
The order is expected to create 1,32,000 high-skilled jobs in US
SpiceJet had announced an order worth $22 billion with the US aircraft maker in January
The gains have come after Ajay Singh took over the reins from Kalanithi Maran in February 2015
At the current exchange rate, the order will be worth over Rs 10,900 crore
The stock hit a new high of Rs 128, up 2.4% on BSE.
Order is for 20 new 737 MAX 10 planes and conversion of 20 of SpiceJet's 737 MAX 8 aircraft
The strategic alliance would offer SpiceStyle's entire portfolio of brands on the shopping portal
IndiGo today announced its special monsoon offer of low fares to 39 domestic destinations
The current rate for this is around Rs 45,000 and could be more during the peak season
Airline operates an average of 350 daily flights to 46 destinations, including 7 international ones
SpiceJet, Jet Airways (India) and InterGlobe Aviation were up 4% to 9% on BSE in intra-day trade.
The stock was up 4% at Rs 116.90, surpasses its previous high of Rs 115 touched on September 5, 2005
Incident took place when group of around 14 passengers from Chennai to take their connecting flight
A bailable arrest warrant was issued against the company's MD
Individual shareholding in the company decline to 24.26% in March from 28.3% at the end of December
SpiceJet has a fleet of 49 planes and operates an average of 340 daily flights
Besides, frequencies have been enhanced in certain routes, including Dehradun-Delhi, Bengaluru-Kochi
The Securities and Exchange Board of India (Sebi) has settled a case against SpiceJet promoter Ajay Singh in the matter related to the alleged disclosure lapses in the acquisition of the equity shares by paying around Rs 2 lakh.On January 15, SpiceJet informed the BSE that Kalanithi Maran and his associates had decided to transfer the ownership and management control of the airline to Ajay Singh, former promoter and his associates. Post this, Singh reportedly moved to the regulator to make a case for an exemption from an open offer.Typically, an entity is supposed to make an open offer while acquiring management control or over a 25 per cent stake or voting rights in a listed firm. But regulator can grant an exemption under Section 10 of the (Substantial Acquisition of Shares and Takeovers) regulations in the interest of investors. After considering airlines conditions at that point of time, Sebi had exempted the new promoters of the airlines from making the offer to minority ...