SPICEJET NEWS
Trump’s pain makes D-Street bulls gain! IndiGo, Asian Paints, other crude-sensitive stocks rally up to 8% as oil drops below $95
Paint makers, airlines, tyre companies and OMCs rallied as crude oil prices plunged nearly 10%, falling below $95 a barrel. Lower oil prices raised hopes of easing input and fuel costs, while Trump's midterm setback added to the positive market sentiment.
SpiceJet’s meltdown: Rs 5,500 crore raised, but where did the money go?
SpiceJet's mounting financial crisis raises serious questions over the fate of more than Rs 5,500 crore raised in recent years, its unpaid dues, operational collapse and regulatory oversight. Despite repeated capital infusions, the airline faces mounting losses and possible bankruptcy, while questions persist over fund utilisation, management accountability and aviation safety.
40 SpiceJet pilots refuse to fly Q400 aircraft till salary dues cleared, sources say
Around 40 pilots of SpiceJet's Q400 fleet have delayed their flights until unpaid salary dues are settled. This decision has received support from the Airline Pilots' Association of India, which stands with the affected pilots. The pilots claim they have faced ongoing financial and operational challenges, creating a challenging work environment. SpiceJet's operational fleet is dwindling, with most aircraft currently parked.
Omani co-pilot behind flydubai cockpit attack found with 'Free Palestine' leaflets, pro-Palestinian material: Israeli media
A Flydubai flight experienced a severe incident when the Omani co-pilot attacked the captain mid-flight. The flight faced a significant emergency descent, dropping 16,000 feet before landing in Tabuk, Saudi Arabia. Israeli authorities are investigating the assailant's potential Islamist radicalisation and connection to Tehran. Captain Smit Machchhar displayed remarkable bravery while preventing a possible catastrophe during the incident.
Speedy recovery of 'global hero' pilot is Mumbai neighbourhood's main concern
Neighbours in Mumbai’s Chembur have rallied around Flydubai pilot Captain Smit Machchhar after reports that he fought back against an alleged cockpit attack during a flight from Dubai to Tel Aviv. As his parents travelled to Saudi Arabia, residents recalled Machchhar’s Mumbai upbringing, aviation journey and years as a SpiceJet pilot.
World is proud of you: Smit Machchhar, pilot from Mumbai's Ghatkopar, becomes global hero
Smit Machchhar, a daring Flydubai pilot, is receiving widespread recognition for his exceptional bravery during a flight from Dubai to Tel Aviv. He bravely subdued his co-pilot, who posed a threat, sustaining injuries in the process. Currently, he is recuperating in a Saudi Arabian hospital, while heartfelt prayers for his swift recovery resonate throughout India.
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Israel's Netanyahu says too early to tell who is behind foiled bid to crash Dubai-Tel Aviv flight
Israeli Prime Minister Benjamin Netanyahu stated it is too early to determine the perpetrator of the foiled flight incident. The investigation involves an attacking pilot currently being held in Saudi Arabia for questioning. Netanyahu mentioned that Israel would possibly participate in probing the details surrounding the incident. He also responded to inquiries regarding potential Iranian involvement in the event.
PM Modi speaks to Captain Smit Machchhar's wife and parents, lauds his bravery
Captain Smit Machchhar was injured while preventing a potential disaster aboard Flydubai Flight FZ1073. He managed to unlock the cockpit door despite the attack from his co-pilot. His actions enabled passengers and crew to intervene and safely land the aircraft in Tabuk, Saudi Arabia. Indian officials, including Prime Minister Narendra Modi, praised Machchhar's bravery and commitment to safety. He is currently recovering from his injuries in a local hospital.
SpiceJet hails Captain Smit Machchhar's heroism; wishes swift recovery after flydubai flight incident
Indian carrier SpiceJet praised Captain Smit Machchhar for his actions during an in-flight incident involving a co-pilot attack. The airline expressed wishes for his complete recovery after the heroic event on flydubai Flight FZ1073. SpiceJet acknowledged Machchhar's decade-long service and exemplified the values held by the airline. He is recognized as a hero by his colleagues and many individuals worldwide.
Captain Smit Machchhar is ‘true hero’: Netanyahu hails pilot after flydubai mid-air attack
Israeli Prime Minister Benjamin Netanyahu recognized Captain Smit Machchhar for his bravery during a cockpit attack on a flydubai flight. Machchhar was injured but managed to unlock the cockpit door, allowing others to intervene. The incident occurred as the aircraft descended dangerously after being attacked by the co-pilot. Passengers and crew worked together to stabilize the aircraft and ensure a safe landing.
Midair miracles: Passengers hail Captain Smit Machchhar and Israeli heroes who thwarted attack on flydubai flight
An Indian flydubai pilot, Captain Smit Machchhar, was seriously stabbed by his copilot in an attempted plane crash. Despite his injuries, he unlocked the cockpit door, enabling passengers and crew to overpower the attacker. The plane landed safely, and global leaders hailed the captain as a hero.
Bloodshed at 34,000 feet: Indian pilot braves stabbing to help Dubai flight land safely
An Indian pilot helped thwart an alleged hijacking attempt aboard a Flydubai flight from Dubai to Tel Aviv after the co-pilot reportedly attacked him in the cockpit. The Boeing 737 MAX 8, carrying around 174 passengers, diverted to Saudi Arabia and landed safely after passengers and other pilots intervened.
Flydubai FZ1073 plane hijack scare: Who are the pilots? Here's what we know
Chaos erupted on a Flydubai flight headed from Dubai to Tel Aviv when the cockpit witnessed an intense clash between pilots just after departure. Emergency signals were sent, prompting a swift military response from Israel. Reports reveal that one pilot stabbed the other, forcing an emergency landing in Tabuk, Saudi Arabia. Fortunately, passengers and crew intervened, securing the injured pilot until landing. Investigations are currently exploring the incident further.
Boeing’s latest 737 MAX glitch hits close to home as Indian airlines bet hundreds of planes on the jet
Boeing identified a software issue affecting 737 MAX aircraft during specific landing scenarios, impacting airlines heavily investing in them. Air India Express and Akasa Air operate around 96 of these aircraft, with hundreds more on order. Boeing is developing a software fix while ensuring pilots can still land safely without automated assistance. Indian carriers have a significant backlog of Boeing orders, reflecting demand for the 737 MAX.
Dubai flight disruptions hit India-bound services, multiple flights cancelled
Significant delays and cancellations struck SpiceJet flights on September 23, impacting routes between India and the UAE. Passengers on flights from Dubai to Kochi and Kozhikode faced waits that stretched for hours. Meanwhile, inbound flights from various Indian cities were late arriving in Dubai. Additionally, flights to Tehran, Muscat, and Riyadh were canceled, amplifying the travel woes.
China-Southern Airlines announces resumption of Guangzhou-New Delhi flights ahead of President Xi's Delhi visit
This marks the relaunch of China Southern's India service after a six-year suspension. Following the restart, the airline will run over 100 weekly flights across its eight round-trip routes in South Asia, the carrier said.
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.
Stocks in news: Airtel, Paytm, SpiceJet, ONGC and ZEE
Markets extended their losing streak for a fifth consecutive session on Monday. Airtel Payments Bank appointed Shabnam Sinha as its new chairperson. Paytm's parent company will see a significant share sale on Tuesday. SpiceJet's bankruptcy petitions were deferred after a settlement was reached. ONGC secured a US license to resume operations in Venezuela.
SpiceJet inducts three Airbus A320 aircraft on damp lease
SpiceJet has inducted three Airbus A320 aircraft under damp lease arrangements, with commercial operations set to begin later this week. The addition will support the airline's network expansion, improve connectivity on key domestic routes and pave the way for new services.
Patna-bound SpiceJet plane faces tech issue, returns to Delhi
A SpiceJet flight en route to Patna returned to Delhi shortly after takeoff as the aircraft encountered a technical malfunction. Fortunately, there were no injuries; all passengers were safely deplaned. The airline organized another Boeing 737 to complete their journey to Patna.
SpiceJet to hold annual general meeting on December 30
SpiceJet has scheduled its annual general meeting for December 30th. Shareholders will vote on increasing the authorized share capital to ₹20,000,000,000, re-appointing Ajay Singh as director, appointing Sonum Gayatri Malhotra as an independent director, and adopting the audited financial statements for 2023-24.
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 taken off DGCA's enhanced surveillance regime
India's Directorate General of Civil Aviation (DGCA) has discontinued enhanced surveillance of SpiceJet. The move comes after DGCA inspectors made 95 observations during inspections of 23 SpiceJet aircraft and carried out 51 spot checks across 11 locations. The airline was put under "enhanced surveillance" earlier this month due to multiple financial issues, including some lessors seeking repossession of leased planes.
SpiceJet shares slump 12% as airline placed under 'enhanced surveillance'
PTI reported on Tuesday that DGCA has put the carrier under "enhanced surveillance" amid multiple financial headwinds in recent months. However, SpiceJet refuted any such development.
No question of filing for insolvency, rumours completely baseless: SpiceJet’s Ajay Singh
SpiceJet has denied any plans to file for insolvency and says it is concentrating on reviving its grounded fleet and restoring more planes to the air. The airline has secured $50m to achieve this through the government's emergency credit line guarantee scheme as well as using internal funds. Last week, the airline declared that it intends to invest INR400 crore ($55m) to resurrect 25 of its grounded planes using this credit line.
SpiceJet refutes reports of windshield crack and surprise check by DGCA
Spicejet has refuted reports claiming the windshield of an aircraft cracked minutes after its departure from Chennai and another flight was delayed by six hours after a surprise inspection called by the Directorate General of Civil Aviation (DGCA).
Spicejet faces ransomware attack; flights impacted
"Certain SpiceJet systems faced an attempted ransomware attack last night that impacted and slowed down morning flight departures today. Our IT team has contained and rectified the situation and flights are operating normally now," the SpiceJet said.
In talks with IndiGo, not SpiceJet, says Qatar Airways
Qatar Airways' official confirmation that it was in discussions with IndiGo comes ahead of the no-frills carrier gearing up for an initial share sale worth nearly Rs 2,500 crore.
Hold call on SpiceJet; will wait and watch how things pan out: Sudip Bandyopadhyay
I would not recommend that my investors rush into buying SpiceJet based on just this news let us wait and watch how things move .
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