SpiceJet promoter and chairman Ajay Singh could offload greater than 10 per cent stake within the struggling service as a part of the most recent funding spherical that’s anticipated to shut by the tip of September, in line with sources. The finances service — which is grappling with a number of woes, together with monetary … Read more
Dealing with monetary headwinds, SpiceJet has determined to furlough 150 cabin crew members for 3 months. The funds provider is working with a lowered variety of planes amid monetary, authorized and lessor woes. At present, it has an operational fleet of round 22 plane. A complete of 150 cabin crew members can be despatched on … Read more
SpiceJet and Mumbai airport have resolved the problem of overdue funds and all its flights are working usually. SpiceJet launched a press release after Mumbai Worldwide Airport Restricted (MIAL) issued an advisory warning passengers of disruption of SpiceJet flights from Tuesday midnight. The advisory was later withdrawn following negotiations. Additionally learn: SpiceJet lay-offs spur course correction … Read more
SpiceJet introduced on Wednesday that it might demand a refund of ₹450 crore out of the ₹730 crore beforehand paid to former promoter Kalanithi Maran and his agency, KAL Airways, following a Delhi Excessive Courtroom order. Nevertheless, Kal Airways has rejected the identical, stating that the Division Bench’s award remained in favour of Kal Airways … Read more
SpiceJet has reached a settlement with Export Improvement Canada (EDC) to settle liabilities price ₹755 crore. “SpiceJet and Export Improvement Canada (EDC) have reached an settlement that can assist SpiceJet clear its main money owed, giving a lift to its monetary well being,” mentioned SpiceJet in a press release. “As a part of the deal, … Read more
India and Thailand have agreed to increase flight connectivity to spice up commerce and tourism. The 2 nations signed a memorandum of understanding on air providers in Bangkok on Friday – a day earlier than the announcement of common elections. “The bilateral MOU will additional improve capacities of airways working between the 2 nations, aiming … Read more
SpiceJet has finalized lease agreements for 10 plane, bolstering its capability forward of the upcoming summer season schedule. This transfer highlights SpiceJet’s dedication to offering seamless connectivity and improved providers to vacationers throughout peak seasons. With these extra plane, the airline goals to fulfill the surging demand for air journey, particularly in the course of … Read more
Go First lenders have requested decision skilled Shailendra Ajmera to guage the revival plans of grounded airline. SpiceJet promoter Ajay Singh and aviation agency Sky One submitted decision plans for reviving Go First final week. These have been opened in a committee of collectors assembly on Friday. “We’ve got requested the decision skilled to analyse the … Read more
SpiceJet’s current job cuts triggered a ripple impact within the Indian aviation trade, bringing to fore the challenges confronted by airways, as additionally the potential for innovation and development. Additionally learn:Flight delays as a result of fog, go up in 2023 Expressing concern over the broader implications of the lay-offs, Diya Malani, Co-founder and CEO … Read more
SpiceJet has introduced the launch of non‐cease flights connecting Ayodhya with Chennai, Bengaluru, and Mumbai, starting February 1, 2024. The airline will deploy its 189-seater Boeing 737 plane on these routes. The airline operator had introduced it could function a particular flight from Delhi to Ayodhya on January 21, 2024. The particular flight caters to … Read more