SPICEJET BSE
SpiceJet board to meet on November 18 to consider fresh capital raising proposal
The development comes as the budget carrier continues to face significant financial and operational challenges, which have led to a reduction in its flight operations.
SpiceJet to file overdue results after exchange's suspension warning
SpiceJet has confirmed plans to reveal its overdue financial results by December 7, adhering to essential regulatory obligations. The Bombay Stock Exchange issued a warning regarding possible trading suspensions if these results are not submitted. As a result of financial hurdles, SpiceJet's market share has diminished to just 0.6% in India's domestic aviation industry.
SpiceJet reveals its comeback game plan as a turbulent battle to reclaim lost ground unfolds
SpiceJet is currently enhancing its operational capacity to address flight delays and cancellations. The airline has started adding leased aircraft to expand its network and restore services. According to reports, SpiceJet's on-time performance has significantly lagged behind competitors in the aviation sector. The Directorate General of Civil Aviation is closely monitoring the airline's operational performance.
SpiceJet shares hit 5% upper circuit despite operational challenges. What's behind the surge?
SpiceJet shares hit the 5% upper circuit after the airline announced a board meeting on November 18 to consider a fresh capital raise. The stock climbed to Rs 8.67 on the BSE, taking its market capitalisation to Rs 1,323 crore. The rally came despite operational challenges and rising crude oil prices weighing on the aviation sector.
DGCA's regulatory monitoring not a fresh finding of safety deficiencies: SpiceJet
SpiceJet said that the DGCA's regulatory monitoring should not indicate new safety issues. The airline clarified that safety audits and surveillance are routine actions by the DGCA. It said that previous regulatory reviews have not revealed new safety concerns. SpiceJet's domestic market share fell recently, reflecting its operational challenges. Additionally, the company's shares experienced a decline in late afternoon trade.
SpiceJet insolvency case: NCLT allows lessor to withdraw plea, imposes fine on both Aviator ML & cash-strapped airline
The National Company Law Tribunal allowed Aviator ML to withdraw its insolvency plea against SpiceJet. Both parties faced a fine for late settlement notification to the court. Seven other insolvency petitions filed by aircraft lessors against SpiceJet will be reheard. These ongoing cases continue to pose a significant financial threat to the airline.
- Go To Page 1
SpiceJet’s Rs 2,242-crore fund infusion plan gets BSE nod
The in‐principle approval from BSE allows SpiceJet to proceed with the process of fund infusion, providing the airline with the necessary financial impetus for its growth initiatives, the company informed in its filing to the exchanges.
SpiceJet shares jump over 7% after airline partners with FTAI Aviation to restore fleet
SpiceJet is set to receive up to 20 engines on lease from FTAI Aviation as part of its revitalisation programme. The deal will also include maintenance services. The airline said the partnership programme would reduce maintenance expenses and minimise aircraft downtime, and would be critical for providing service on new routes. The first set of engines will be used in reactivating the airline's fleet over the next few months.
SpiceJet rallies 18% as Middle Eastern airline looks to buy 24% stake
Meanwhile, SpiceJet has entered into a full and final settlement with the Airports Authority of India (AAI) and has cleared all outstanding principal dues of the airport operator. With this, SpiceJet no longer remains on ‘cash and carry’ at AAI-run airports across the country and will revert to an advance payment mechanism for daily flight operations.
Spicejet shares fall 3% amid reports of liquidity crunch, QIP plan
SpiceJet is facing liquidity crunch and planning to raise Rs 750 cr via QIP, reports say.
SpiceJet surges 9% on inducting new aircrafts to its fleet
The company said that the new inductions will bring down flight cancellations to nil.
Former promoter Kalanithi Maran seeks over Rs 2,000 crore compensation from SpiceJet
Maran has sought compensation due to losses incurred because of SpiceJet’s alleged failure to issue convertible warrants and preference shares to him and his KAL Airways.
Delhi HC asks SpiceJet to set the ball rolling on warrants issued to Kalanithi Maran
Post the board resolution, the airline alongwith Marans will jointly apply to the Bombay Stock Exchange (BSE)/Securities and Exchange Board of India (Sebi) for approvals.
Delhi HC paves way for issuance of warrants in Spicejet to Kalanithi Maran
As per the plea of Sun group head Kalanithi Maran, he and KAL were to be issued stock warrants in Spicejet by the airline under a 2015 sale purchase agreement (SPA) which led to change in ownership of the budget carrier.
SpiceJet flies high, stock soars nearly 7% on solid results
Shares of SpiceJet settled nearly 7 per cent higher today after the company posted its first profit in seven quarters.
SpiceJet shares slump nearly 8% on fresh financial worries
BOC Aviation, which has leased three aircraft to Spice-Jet, met DGCA Director General M Sathiyavathy on Friday and requested her to deregister their aircraft.
Jet Airways surges another 5%; 'investors reallocating funds from SpiceJet to this airline'
Jet Airways continued to fly high on Dalal Street; surging as much as 4.86% intraday. Jet shares have soared 80% since November 25.
SpiceJet shares end 16.5% up as Jhunjunwala picks up stake
After surging 17.32% to Rs 21.40 in intra-day trade on the BSE, SpiceJet's scrip finally ended at Rs 21.25, up 16.50% from its previous close.
Jhunjunwala's Rare Enterprises picks up stake in Spicejet
The share purchase comes days after SpiceJet said that a few parties have evinced interest in making investments in the carrier.
Rakesh Jhunjunwala's Rare Enterprises picks up stake in Spicejet
The share purchase comes days after SpiceJet said that a few parties have evinced interest in making investments in the carrier.
SpiceJet surges 19% even as DGCA halts Re 1 fare offer
Shares of SpiceJet today rose by over 19 per cent even as aviation regulator asked the no-frills carrier to immediately stop its offer of one-rupee fares.
SpiceJet scrip ends over 3 per cent up on Boeing deal
SpiceJet today rose by over 3 per cent after the company placed an order for 42 737 MAX jets with the US aircraft maker Boeing for USD 4.4 billion.
SpiceJet to issue warrants to promoters for fund raising
SpiceJet plans to issue over 6.4 crore convertible warrants, worth about Rs 125 crore at the current price, to its promoters to raise funds.
SpiceJet shares surge over 3% amid stake sale reports
Shares of SpiceJet today rose by over 3% on BSE amid media reports that the airline is in stake sale talks with a foreign carrier.
Over 97.46 lakh pledged shares of SpiceJet released by Kal Airways
Low-cost carrier SpiceJet today said more than 97.46 lakh shares pledged by one of its promoter, Kal Airways, have been released.
SpiceJet raises Rs 54.27 crore from Kalanithi Maran
According to a separate stock exchange filing by the company, Kalanithi Maran and Kal Airways have increased their holding in SpiceJet to 53.48%.
Over 18.52 lakh pledged shares of SpiceJet released
Low-cost carrier SpiceJet today said that more than 18.52 lakh shares pledged by one of its promoters Kal Airways have been released.
Spicejet raises Rs 131 cr via share allotment to Kalanithi Maran
SpiceJet today said it has raised Rs 131 crore by way of allotment of shares to promoter Kalanithi Maran on a preferential basis.
Spicejet surges over 3 pc on stake sale report
Low-cost airline Spicejet's share today surged as much as 3 per cent on the BSE amid media reports that Sun TV Network's Chief Executive Officer Kalanithi Maran is close to acquiring a 40 per cent stake in the company.
Load More
