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SpiceJet crisis
SPICEJET CRISIS NEWS
SpiceJet says no plans to seek insolvency proceedings; starts process to revive grounded planes
May 11, 2023 3:06 pm
The statement from SpiceJet comes at a time when a lessor has filed an insolvency resolution plea against the airline and crisis-hit rival Go First being admitted for voluntary insolvency resolution proceedings.
SpiceJet significantly restructuring balance sheet: Ajay Singh
March 20, 2023 2:37 pm
Last month, the airline announced that Carlyle Aviation Partners will acquire a 7.5 per cent stake in the airline by converting outstanding dues as well as snap up shareholding in the cargo business.
‘SpiceJet CMD Singh in talks to pare stake’
August 04, 2022 1:00 am
The airline has been bleeding and needs heavy capital infusion. “The new promoters would need to inject a large amount of capital to revive the business. In this context, the equity has little value,” an analyst explained.
SpiceJet promoters to infuse Rs300 cr in chequered carrier
May 22, 2015 2:55 am
The new majority shareholder Ajay Singh who took over from media baron Kalanithi Maran has already infused Rs 550 crore into the airline.
SpiceJet resolves dispute with lessor, retains 3 aircraft
March 24, 2015 1:28 am
Earlier on March 19, the Delhi High Court had directed the Directorate General of Civil Aviation (DGCA) to de-register six Boeing 737 aircraft operated by SpiceJet.
SpiceJet yet to receive funds from new promoters
February 19, 2015 2:00 am
SpiceJet is running operations on money raised from forward bookings, to run daily operations, said the official.
SpiceJet: Lessors meet DGCA, seek 11 planes back
January 22, 2015 1:54 am
Once the revival plan is cleared, the aviation ministry would lift the restriction which had barred SpiceJet from accepting bookings beyond 31 March, 2015.
SpiceJet back in hands of former promoter Ajay Singh to lead revival plan, Marans out
January 16, 2015 9:41 am
Current promoters Kalanithi Maran & KAL Airways to transfer ownership to Singh.
AAI to ask SpiceJet for part-payments
January 14, 2015 1:17 am
SpiceJet received a breather on payment of airport charges till December 31, 2014, which was extended by an added 10 days and now till Jan 15, 2015.
SpiceJet likely to get first round of funds by Jan 10
January 09, 2015 1:24 am
Co-founder Ajay Singh and JPMorgan Chase are scheduled to submit a final proposal on capital infusion plans in the carrier, understood to be $200 million.
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