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  SpiceJet shares surge 10% as Ajay Singh checks in

  January 16, 2015 13:04 IST

  New 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

  January 15, 2015 18:42 IST

  New 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

  January 15, 2015 14:05 IST

  New 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

  January 14, 2015 20:17 IST

  Mumbai: 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

  January 13, 2015 11:45 IST

  New 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

  January 08, 2015 18:03 IST

  New 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

  January 01, 2015 15:21 IST

  New 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

  January 01, 2015 12:04 IST

  New 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

  December 31, 2014 7:51 IST

  New 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

  December 27, 2014 9:53 IST

  New 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

  December 26, 2014 20:45 IST

  New 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

  December 23, 2014 8:55 IST

  New 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

  December 21, 2014 12:46 IST

  New 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

  December 21, 2014 8:51 IST

  New 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

  December 20, 2014 7:06 IST

  New 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

  December 19, 2014 12:56 IST

  New 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

  December 18, 2014 19:35 IST

  New 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

  December 18, 2014 14:37 IST

  New 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

  December 17, 2014 15:10 IST

  New 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

  December 17, 2014 10:57 IST

  New 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