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.
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 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 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 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.
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.
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 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.
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 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.
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