SpiceJet resolves issues with EDC; pays ₹755 crore

[ad_1] SpiceJet has reached a settlement with Export Development Canada (EDC) to settle liabilities worth ₹755 crore.“SpiceJet and Export Development Canada (EDC) have reached an agreement that will help SpiceJet clear its major debts, giving a boost to its financial...

GoFirst lenders seek bigger buy bids; Singh-Pitti consortium may offer ₹150 cr more

[ad_1] GoFirst’s lenders are urging potential buyers to increase their bids, deeming the initial offers as insufficient. The airline, which suspended operations last May due to financial difficulties, is seeking a new owner.A consortium led by SpiceJet promoter Ajay Singh...

New flights to Thailand soon as govt hikes seat quota

[ad_1] India and Thailand have agreed to expand flight connectivity to boost trade and tourism. The two countries signed a memorandum of understanding on air services in Bangkok on Friday - a day before the announcement of general elections. “The...

SpiceJet to discontinue flights from Hyderabad to Puducherry

[ad_1] <!-- --> SpiceJet holds a significant position as the sole operator in the Puducherry-Bengaluru-Hyderabad circuit Published Date - 16 March 2024, 02:24 PM Hyderabad: Effective March 30, SpiceJet, the sole operator on the Puducherry-Bengaluru-Hyderabad route,...

Spicejet to lease 10 aircraft ahead of summer schedule

[ad_1] SpiceJet has finalized lease agreements for 10 aircraft, bolstering its capacity ahead of the upcoming summer schedule. This move highlights SpiceJet’s dedication to providing seamless connectivity and improved services to travelers during peak seasons. With these additional aircraft, the...

SpiceJet to directly connect Hyderabad and Ayodhya with three weekly flights

TheSpiceJet airline is set to operate three weekly flights on Tuesdays, Thursdays, and Saturdays, utilizing Boeing 737 aircraft for the service. Published Date - 12 March 2024, 02:44 PM   Hyderabad: SpiceJet, one of India’s leading airlines, has unveiled plans...

Two senior SpiceJet executives quit

[ad_1] Two senior SpiceJet executives have quit the airline weeks after it raised over ₹1,000 crore from investors.Those leaving the company include its Chief Operating Officer, Arun Kashyap and Chief Commercial Officer, Shilpa Bhatia. Also read: SpiceJet lay-offs spur course...

SpiceJet’s shares rise after resolving $49.8 million dispute with Echelon Ireland Madison One

[ad_1] SpiceJet has resolved the $49.8 million (₹413 crore) dispute with Echelon Ireland Madison One Ltd, the company said in a regulatory filing. It is stated that the settlement with Echelon Ireland Madison One Ltd will result in savings of...

ADIA acquires SpiceJet shares from open market

[ad_1] Abu Dhabi Investment Authority (ADIA) has shown interest in SpiceJet, acquiring shares from the open market, according to a spokesperson from the airline. This move follows SpiceJet’s recent capital infusion of Rs 1,060 crore through a preferential issue, coupled...

SpiceJet and AerCap settle ₹250-crore dispute

[ad_1] SpiceJet Ltd. and Celestial Aviation, a subsidiary of AerCap, reached a settlement to settle their $29.9 million (₹250 crore) dispute through amicable negotiations, avoiding litigation. The resolution of this dispute was confirmed by representatives of both parties to a Bench...
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