Page 4 - Spicejet

Hyderabad incident: DGCA orders engine inspection of SpiceJet 14 Q400 plane

On October 12, a SpiceJet Q400 plane with 86 passengers on board conducted an emergency landing in Hyderabad as smoke was detected in the cabin when it was mid-air

DGCA asks SpiceJet to get engine oil samples of entire Q400 fleet examined

Following a recent incident of smoke in a SpiceJet plane cabin, the aviation regulator DGCA has directed the airline to send the engine oil samples of the entire Q400 fleet consisting of 14 operational aircraft to Pratt & Whitney Canada to ascertain the presence of metal and carbon seat particles.

Policy must to ensure airlines maintain 4-6 months of cash reserves: CAPA

Indian airlines industry will continue to be sick unless there are policies in place to ensure that the operators have at least 4-6 months of cash kept in reserves for continuity of operations, according to global consultancy and aviation firm CAPA. CAPA said it estimates the domestic airline industry could post losses to the tune of USD 1.4-1.7 billion or more losses this fiscal. The two listed airlines, IndiGo and SpiceJet, have already reported losses of Rs 1,064.30 crore and Rs 789 crore, respectively, in the April-June quarter of the current fiscal. Financial fitness is a fundamental criterion of operating (globally)India is the only country where technically insolvent companies can expand, can continue to operate, Kapil Kaul, CEO for South Asia at CAPA, said at an industry event in Mumbai recently. He said going by the global practice, the airlines have to ensure that they have at least 4-6 months of cash reserves when no revenue is coming in while their air operator permits

SpiceJet plane makes emergency landing in Hyderabad; DGCA orders probe

A SpiceJet plane coming from Goa made an emergency landing at Hyderabad airport on Wednesday night after smoke was observed in the cabin and DGCA is probing the incident

SpiceJet deposits TDS, Form 16 to be issued to staff in a fortnight

Airline says significant portion of PF contributions of all employees is also being credited and the remaining amount will be released shortly

SpiceJet shares settle 9% higher on report of likely Rs 1,000-cr govt loan

Shares of SpiceJet on Thursday ended nearly 9 per cent higher amid reports that the company is expected to receive an additional Rs 1,000 crore as part of the modified ECLGS (Emergency Credit Line Guarantee Scheme). After beginning the trade on a positive note, the stock of the budget carrier further jumped 10.14 per cent to Rs 42.35 during the day on the BSE. It ended at Rs 41.85 apiece, higher by 8.84 per cent. On the volume front, 11.28 lakh shares of the company were traded on the BSE. In the broader market, the 30-share BSE Sensex climbed 156.63 points to settle at 58,222.10. An airline source said SpiceJet is expected to receive an additional Rs 1,000 crore as part of the modified ECLGS. The ECLGS is expected to help SpiceJet, which has been facing turbulent times of late. Ajay Singh, Chairman and Managing Director of SpiceJet, said the speed and urgency with which the aviation and finance ministries have been taking up issues and problems being faced by airlines post Covid

Sensex rises 157 pts, Nifty atop 17,300; Nifty Metal index up 3%, FMCGs dip

CLOSING BELL: JSW Steel, Hindalco, Coal India, L&T, Tata Steel, ICICI Bank, HCL Tech, Axis Bank, Tata Motors, Tata Consumer Products, Shree Cement, and Wipro were the top gainers

Stocks to Watch: RIL, ONGC, OMCs, DLF, SpiceJet, Zee, BoB, Apollo Hospitals

Stocks to Watch Today: Shares of oil producers and marketing companies are likely to be in focus following the steep production cut by OPEC+.

SpiceJet likely to receive additional Rs 1,000 crore loan under ECLGS

SpiceJet incurred net losses of Rs 316 crore, Rs 934 crore, Rs 998 crore and Rs 1,725 crore in FY19, FY20, FY21, and FY22

Air India's future market share depends on aviation sector's probabilities

Its aim for a third of the domestic market by 2027 is contingent on a host of factors, many of them outside its control

SpiceJet says will hike salaries of senior pilots by 20% from October

The carrier earlier this week sent 80 pilots on leave without pay for three months to save costs

Top headlines: Fortis shares tank on SC verdict; Rupee hits new low

The rupee closed at a record low of 80.86 to the dollar, down from 79.9750 in the previous session

Stocks to Watch: Wipro, SBI, Reliance, SpiceJet, PNB, Sugar, Asian Hotels

Stocks to Watch Today: In the F&O space, Ambuja Cements, Can Fin Homes, Delta Corp, Escorts, PVR and RBL Bank are in F&O ban period on Thursday.

DGCA orders SpiceJet to continue operating at 50% capacity till Oct 29

The Gurugram-headquartered budget carrier has been facing acute liquidity crunch for quite some time

'Abundant caution': Regulator extends cap on SpiceJet flights till Oct 29

Airline will have to demonstrate that it has the resources to fly more planes and it will continue under DGCA's 'enhanced surveillance'

Top headlines: DGCA extends curbs on SpiceJet; Wipro fires 300 employees

The Cabinet on Wednesday approved the national logistics policy, which aims at reducing transportation cost and improve global performance of the sector.

Sensex down 263 pts, Nifty near 17,700 ahead of US Fed outcome; FMCGs shine

CLOSING BELL: The losses, meanwhile, were led by the Nifty Metal index (down 2 per cent), and the Nifty Pharma index (1.4 per cent)

SpiceJet tanks 4% as airline sends 80 pilots on Leave Without Pay

The low-cost airline has been reporting losses for the past four years and is operating less than 50 per cent flights, following the July 27 DGCA order in the wake of mishaps.

Stocks to Watch: Central Bank, ITI, M&M, Yes Bank, SpiceJet, PEL, GPT Infra

Stocks to Watch Today: Central Bank of India has removed from the RBI's PCA framework after 5 years; SpiceJet places 80 pilots on leave without pay for three months.

SpiceJet sends 80 pilots on leave without pay for three mths to prune costs

Loss making airline is currently operating less than half its flights, following a July 27 DGCA order brought on by a spate of incidents