Spice Jet
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SpiceJet shares surge 10% as Ajay Singh checks in
Jan 16, 2015, 01:04 PM ISTNew Delhi: Stocks of SpiceJet today surged nearly 10 per cent after the company returned to original promoter Ajay Singh for its revival in a multi-layered deal worth up to Rs 1,500 crore.Shares of the
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Ajay Singh takes over SpiceJet control from Kalanithi Maran
Jan 15, 2015, 06:42 PM ISTNew Delhi: Capping weeks of uncertainty over its future, beleaguered SpiceJet on Thursday said its promoter Kalanithi Maran would transfer his entire stake in the carrier to original founder Ajay Singh as part of plans
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SpiceJet may consider layoffs ahead of proposed investment
Jan 15, 2015, 02:05 PM ISTNew Delhi: Beleaguered budget carrier SpiceJet may consider retrenching a section of its around 5000 employees ahead of the proposed fund infusion by the potential investors in the company."Staffing levels are functions of operations," SpiceJet
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No fund diversion: SpiceJet
Jan 14, 2015, 08:17 PM ISTMumbai: Budget carrier SpiceJet Wednesday refuted a report that it had diverted funds to other group companies of parent firm Sun Group.The company's denial came after a media report claimed that SpiceJet had diverted Rs.875 crore
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SpiceJet mulls laying off 1,000 employees
Jan 13, 2015, 11:45 AM ISTNew Delhi: Beleaguered low-cost carrier SpiceJet is likely to lay off about 1,000 employees in the next few weeks to control costs, a Business Standard report suggests. The overall staff count of SpiceJet is about
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2015: The year ahead in aviation
Jan 08, 2015, 06:03 PM ISTNew Delhi: 2014 was an eventful year for the aviation sector in the country, with two new airlines getting licences to fly, a fare war, the humiliating FAA downgrade of Indian aviation safety to Category-II,
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Jet Airways, SpiceJet shares rally on ATF price cut
Jan 01, 2015, 03:21 PM ISTNew Delhi: Jet fuel (ATF) rates were today slashed by a steep 12.5 per cent, the sixth straight reduction in prices since August, as international oil prices slumped to five-year low levels.Jet Airways shares climbed
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SpiceJet defaults on salary payment for the second time
Jan 01, 2015, 12:04 PM ISTNew Delhi: Beleaguered carrier SpiceJet defaulted a second time on salary payments in last two months but got a reprieve on Wednesday from the Airports Authority of India (AAI), which extended the two-week credit payment
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SpiceJet axes 300 more flights till Jan 31, AAI demands dues
Dec 31, 2014, 07:51 AM ISTNew Delhi: Cash-strapped airline SpiceJet on Tuesday said that it will cancel 300 more flights till Jan 31, even as the government seemed to rule out any help by saying the budget carrier will have
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SpiceJet submits revival plan to the government
Dec 27, 2014, 09:53 AM ISTNew Delhi: Troubled budget carrier SpiceJet on Friday submitted a revival plan to the government on the basis of a proposed investment of USD 200 million from founding promoter Ajay Singh and a unit of
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Spice Jet pays off November salaries, clears old dues
Dec 26, 2014, 08:45 PM ISTNew Desk: The downsliding Indian airline company SpiceJet has reportedly paid employees' salaries for the month of November and had also cleared its old dues of fuel on Tuesday. This has been confirmed by company's
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SpiceJet presents revival plan to government
Dec 23, 2014, 08:55 AM ISTNew Delhi: Struggling budget carrier SpiceJet has presented a revival plan to the government, which will be discussed with oil companies and banks before taking a final decision regarding the airline, official sources said today.
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Beleaguered SpiceJet may see change of guard
Dec 21, 2014, 12:46 PM ISTNew Delhi: Beleaguered SpiceJet could see a change of guard if Indian and foreign investors, who are now carrying out due diligence of the cash-strapped airline, are convinced about investing over Rs 1,200 crore and
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SpiceJet starts automated system to help passengers
Dec 21, 2014, 08:51 AM ISTNew Delhi: SpiceJet on Saturday said that it has pressed into service an automated disruption management system to enable passengers reschedule flights or get refund on their cancelled flights.The airline said that customers whose flight
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AAI extends credit facility to SpiceJet till December
Dec 20, 2014, 07:06 AM ISTNew Delhi: Cash-strapped SpiceJet's troubles seem to be far from over as the AAI has agreed to extend credit facility to the airline only for 15 days till December 31."The relief has been given only
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SpiceJet rallies over 15% as ex-promoter Ajay Singh may step in to defuse crisis
Dec 19, 2014, 12:56 PM ISTNew Delhi: Shares of SpiceJet surged 15.91 per cent on Friday, after media reports suggested that former promoter Ajay Singh and two 'blue-chip' investors are said to be pumping in about Rs 1,200 crore to
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SpiceJet resumes operations
Dec 18, 2014, 07:35 PM ISTNew Delhi: Troubled SpiceJet resumed operations today after yesterday's chaos as hundreds of passengers cancelled their tickets and shifted to other airlines due to uncertainty plaguing its services.Till 1800 hours today, the airline operated 21
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SpiceJet resumes operation, pays cash to buy jet fuel
Dec 18, 2014, 02:37 PM ISTNew Delhi: Troubled airline SpiceJet on Thursday resumed operations after being forced to cancel over 150 flights with oil marketing companies refusing to refuel its planes forcing the budget carrier to pay Rs three crore
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SpiceJet to resume operations: COO Sanjiv Kapoor
Dec 17, 2014, 03:10 PM ISTNew Delhi: Flight services of cash-strapped SpiceJetBSE -5.04 % were grounded this morning due to the oil companies refusing fuel supplies to the carrier for non-payment even as the airlines said it will resume operations
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SpiceJet operations grounded as oil companies stop fuel supply
Dec 17, 2014, 10:57 AM ISTNew Delhi: Flight operations of cash-strapped SpiceJet were grounded today due to non-supply of jet fuel by oil marketing companies."Not even a single flight has taken off till this morning due to fuel supply issue