Sources said that the airline has cancelled a total of about 60 flights until June 10 to and from the Chennai airport due to the aforementioned suspension
A former Boeing manager who raised safety questions about the aircraft maker and was found dead after several days of depositions in South Carolina took his own life, police said on Friday after concluding their investigation. John Barnett, 62, of Louisiana, was found dead March 9, and police had said earlier that his injuries were self-inflicted. Barnett was a longtime Boeing employee and worked as a quality-control manager before he retired in 2017. In the years after that, he shared his concerns with journalists. Barnett said he saw discarded metal shavings near wiring for the flight controls that could have cut the wiring and caused a catastrophe. He also noted problems with up to a quarter of the oxygen systems on Boeing's 787 planes. Information and records reviewed during the investigation uncovered Mr Barnett's longstanding mental health challenges, which had intensified in connection with ongoing legal proceedings related to his whistleblower case, police said in a ...
Justice Pratibha Singh instructed the SpiceJet counsel to obtain guidance by May 3 regarding the feasible time period for SpiceJet to pay Rs 50 crore to its lessors
Stocks to watch on Friday, April 19: Balrampur Chini, Bandhan Bank, Exide, GNFC, Hindustan Copper, Metropolis, National Aluminium, Primal Enterprises, SAIL and Zee among 11 stocks in F&O ban today.
SpiceJet has over the last few months reached settlements with multiple lessors, including Aercap, as the company looks to restore its grounded fleet and return to full capacity
SpiceJet in an exchange filing on Tuesday said, the airline reached settlement terms with aircraft leasing firm, Cross Ocean Partners, resolving a dispute worth Rs 93 crore.
Both parties reached out to the National Company Law Tribunal (NCLT) last week, and now the matter will officially be withdrawn on March 1
SpiceJet shares closed 11.3% higher on Friday
Company tells court the low-cost carrier was 'cannibalising' parts of the engine
Hundreds of flights were delayed during the fog season in December
SpiceJet itself has been facing a cash crunch for the past several quarters. It is also dealing with multiple court cases regarding money owed to former owner Kalanithi Maran
Meanwhile, India's largest carrier, IndiGo, saw a marginal decline in its market share from 62.6 per cent in October to 61.8 per cent in November
The NCLT on Monday dismissed Willis Lease Finance's plea to initiate insolvency against SpiceJet over unpaid dues due to some technical defects in their plea
SpiceJet news: So far this calendar year, shares of SpiceJet have fallen 20 per cent, while they have tumbled 33.16 per cent over the last one year
The court warned that if Singh fails to do this, the SpiceJet's properties will be attached by the court towards payment of dues
Spicejet and its promoter Ajay Singh Wednesday approached the Delhi High Court challenging a single-judge order upholding an arbitral award asking them to refund Rs 579 crore plus interest to media baron Kalanithi Maran. The appeals came up before a division bench of Justices Yashwant Varma and Dharmesh Sharma which initially listed it for hearing on September 15 as the counsel for Spicejet and Singh were not present. Later, Spicejet's counsel mentioned the matter before the bench which then listed it for hearing on Thursday. On July 31, the single judge had upheld the award announced by the arbitration tribunal on July 20, 2018 in favour of Maran and his company Kal Airways. There is nothing in the impugned award to suggest that it suffers from patent illegality and the findings therein are perverse and will shock the conscience of this court. "In the instant case, the petitioners have not been able to prove that the impugned arbitral award is patently illegal, against public pol
Spicejet's Chairman and Managing Director Ajay Singh told to appear in court on Aug 24
The court also issued notice to SpiceJet and Singh to file an affidavit disclosing their assets before the next hearing
IndiGo -- the only other listed airline in India -- declared its FY23 result on May 18 this year
The airline, which currently operates five Bombardier Q400 aircraft from NAC in its fleet, said the agreement settles all past liabilities for the Q400s