SpiceJet

SpiceJet will hold its annual general meeting for the 2023-24 financial year on December 30. At the meeting, the airline will seek shareholders' approval for increasing the authorised share capital to infuse fresh share capital, according to a regulatory filing on Saturday. Approvals will also be sought for the re-appointment of Ajay Singh as a director, appointment of Sonum Gayatri Malhotra as an independent director and for adopting audited financial statements for the 2023-24 fiscal year. The meeting will be held on December 30. Currently, the company's authorised share capital is Rs 15,000,000,000. The filing said in order to facilitate the infusion of fresh share capital in the company, it is necessary to increase the authorised share capital to Rs 20,000,000,000.

Haj services have become a critical revenue stream for the airline with Spicejet anticipating to earn Rs 185 crore from these flight operations in 2025

Earlier in November, the airline had announced the resolution of a $23.39 million dispute involving Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Ltd

Last month, SpiceJet announced the resolution of a $23.39 million dispute with Aircastle (Ireland) designated activity company and Wilmington Trust SP Services (Dublin) Limited

t was the first time that domestic air passenger traffic crossed the 5,00,000 mark in a single day.

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According to Flightradar24 data, till 2 PM, about 110 arrivals were delayed at the national capital's airport. Moreover, about 269 departures were also delayed at this airport

Two more insolvency petitions were filed by Sabarmati Aviation and JetAir 17 against budget carrier Spicejet at the National Company Law Tribunal (NCLT) on Monday. The NCLT issued a notice to the airline over the plea by operational creditor Sabarmati Aviation while asking another complainant, JetAir 17, to file additional documents in support of its claims of USD 27 million. During the proceedings, senior advocate Krishnendu Datta representing SpiceJet submitted that a reply would be filed over the plea of Sabarmati Aviation. However, he opposed the plea of JetAir 17 contending that their claims as an operational creditor are disputed. In the matter of JetAir 17, the NCLT asked the company to file additional documents to support its claims as SpiceJet contended that it has not entered into a lease agreement with it. JetAir 17, an Irish company, operates within the renting and leasing of air passenger transport equipment industry. Dutta submitted that JetAir 17 is claiming its du

As part of the settlement, SpiceJet has acquired full ownership of 13 Q400 aircraft previously financed by EDC

SpiceJet share price jumped up to 4.1 per cent at Rs 55.87 per share on the BSE in Thursday's intraday deals

SpiceJet on Wednesday said the annual general meeting for 2023-24 will be held on or before December 31 as the company has been given up to three more months to conduct the meeting. The crisis-hit carrier, which had recently raised Rs 3,000 crore, said it had received emails from the BSE regarding the non-submission of the annual report for the financial year ended March 31, 2024. "In this regard, we wish to inform you that the company has obtained an extension of up to three (3) months from the Registrar of Companies under Section 96 of the Companies Act, 2013, for conducting the Annual General Meeting (AGM) of the company for the financial year ended March 31, 2024," it said in a filing. Further, the airline said the AGM will be held on or before December 31, 2024, and the annual report for the 2023-24 fiscal will be sent to all stakeholders in terms of the Companies Act, 2013, read with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket

SpiceJet's series of settlements follows its successful Rs 3,000 crore fundraise in September through a Qualified Institutional Placement

Overall, the Indian carriers carried a total of 13.027 million domestic passengers, which was 6.38 per cent more year-on-year

Random spot checks of low-cost carrier's operational aircraft will continue, says regulator

The spike in SpiceJet share price came after the company announced that it has settled a $23.39 million dispute with Aircastle (Ireland) & Wilmington Trust SP Services (Dublin) Limited for $5 million

Budget carrier SpiceJet on Tuesday said it has successfully settled a USD 23.39 million dispute with two aircraft lessors -- Aircastle and Wilmington Trust, days after amicably resolving a similar dispute with a US-based aircraft leasing firm, BBAM. As part of the settlement, all ongoing litigation and disputes between the parties will be withdrawn at appropriate forums, the airline said in a statement. SpiceJet has "successfully settled" a USD 23.39-million dispute with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Ltd for an aggregate sum of USD 5-million, together with agreement in relation to the treatment of certain aircraft engines, the statement added. Both parties have reached this agreement through amicable negotiations, choosing to resolve the matter outside the courtroom, it said. "We have successfully resolved this long-standing dispute with Aircastle and Wilmington Trust. With this and other significant settlements, SpiceJet

SpiceJet faces new insolvency plea in NCLT over Rs 58 crore unpaid dues to lessor Aviator ML 29641 Ltd, the tribunal has given the airline time to respond, the next hearing is on Nov 11

SpiceJet share price today: SpiceJet settled dispute with Babcock & Brown Aircraft Management for $22.5 million

Company to spend Rs 400 crore on 36 grounded aircraft; says planning to bring 7 of them back in service by Nov 15