Spicejet Stock

SpiceJet up 3% on settling $23 mn dispute with Aircastle & Wilmington Trust

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

Stocks To Watch: RIL, HCLTech, L&T, Adani Power, Atul Auto, SpiceJet

Stock Market Today: RIL reported a 4.8 per cent year-on-year decline in consolidated profit for Q2 FY25, totaling Rs 16,563 crore, and missing analyst expectations.

SpiceJet stock jumps 9% on plans to induct 10 planes by November-end

The airline has already signed agreements for the leased aircraft, with the full induction of all the seven planes expected by November 15.

SpiceJet raises Rs 3,000 cr from institutional investors via share sale

SpiceJet has raised Rs 3,000 crore through sale of shares to qualified institutional buyers, providing a much-needed tailwind for the struggling airline. Foreign entities, including Societe Generale - ODI, Goldman Sachs (Singapore) Pte - ODI, Nomura Singapore Ltd ODI and Discovery Global Opportunity (Mauritius) Ltd are among the investors who have been allotted shares under the airline's Qualified Institutional Placement (QIP) that was oversubscribed. The airline's fundraising committee, on September 20, approved the allotment of more than 48.70 crore shares at a price of Rs 61.60 apiece to the more than 80 QIP participants, according to a regulatory filing. The total amount for which the securities have been issued is nearly Rs 3,000 crore. "Pursuant to the allotment of equity shares in the Issue, the paid-up equity share capital of the company stands increased from Rs 7,94,67,27,170 consisting of 79,46,72,717 equity shares to Rs 12,81,68,57,030 consisting of 1,28,16,85,703 equity

SpiceJet's share sale likely to lure Tata Mutual Fund among others

The budget airline owes payments to airports, has placed staff on leave without pay and withheld mandatory social security payments since January 2022

Shareholders approve Rs 3,000 crore fund raising plan, says SpiceJet

SpiceJet on Thursday said its shareholders have approved the proposal to raise up to Rs 3,000 crore through issuance of securities. The no-frills carrier -- which is grappling with multiple woes, including financial challenges, legal battles and grounding of aircraft -- is looking to raise money that will help it meet various obligations. In a regulatory filing on Friday, the airline said shareholders have given their nod for the special resolution for raising funds of up to Rs 3,000 crore. The funds are proposed to be raised through Qualified Institutional Placement (QIP) and other options. SpiceJet, which had a fleet of 74 planes in 2019, is currently operating around 20 aircraft. Shares of the airline rose 8 per cent to close at Rs 71.66 on the BSE.

SpiceJet rallies 15% in 2 days, hits over 7-month high on heavy volumes

SpiceJet moved the Supreme Court against the Delhi High Court order that directed the grounding and return of three engines leased from Team France 01 SAS and Sunbird France 02 SAS.

SpiceJet shares fly 5.5% in trade; here is what is driving the stock

Large deals of 1.5 million shares take place in SpiceJet, the company plans QIP, restructuring, and settlement with Carlyle Aviation

SpiceJet plans to raise over Rs 3,200 cr through debt, equity instruments

Cash-strapped domestic carrier Spicejet plans to raise over Rs 3,200 crore through various debt and equity instruments and capital infusion by the promoter, the airline said in a corporate presentation. The funds will be utilised in fleet ungrounding, liability settlement, new fleet induction and other general purposes, SpiceJet said in the presentation. "Spicejet plans to raise Rs 2,500 crore through QIP and Rs 736 crore through Previous Warrants and promoter infusion," it said. The proposed fundraising is subject to shareholders' approval, it added.

SpiceJet stock slips 6% after DGCA puts co under 'enhanced surveillance'

The move comes after an audit of the airline's engineering facilities on August 7 and 8 revealed certain deficiencies.

SpiceJet Q1 results: Net profit drops 26.7% to Rs 150 cr on fewer flights

The company reported a profit of Rs 150 crore ($17.9 million) for the quarter ended June 30, down 26.7% from last year

SpiceJet share price up 4.5% after SC upholds Delhi HC order favouring co

SpiceJet Supreme Court order: The Supreme Court, today, likely dismissed a petition filed by Kalanidhi Maran against the Delhi High Court's order which quashed the arbitral award in favour of Maran

SpiceJet shares fly 7% on six-fold jump in Q4 profit; gains 15% in 2 days

SpiceJet shares: SpiceJet airline reported a standalone net profit of Rs 119 crore in Q4FY24

SpiceJet settles Rs 755 crore liabilities with aircraft lessor EDC

This will allow airline to own 13 of the 15 Bombardier Q400 aircraft financed by the Canadian agency

SpiceJet crashes 10% after COO, CCO step down amid 'restructuring'

SpiceJet, on its part, said several members of its commercial team have resigned with immediate effect, as part of a strategic restructuring at the airline

SpiceJet raises second tranche of Rs 316 crore under preferential issue

On January 26, the first tranche of Rs 744 crore was infused into the airline. On January 11, the beleaguered airline's shareholders gave their approval to raise a total of Rs 2,241.5 crore

SpiceJet gets over Rs 900 cr funding; to focus on fleet upgradation

With more than Rs 900 crore funding coming in this month, SpiceJet will focus on upgradation of its fleet and cost-cutting measures, as the no-frills airline works on ways to come out of turbulent times. In an internal note to the senior staff on Monday, the airline said it now has a substantial bank balance of more than Rs 900 crore, including Rs 160 crore received as an instalment under the government's Emergency Credit Line Guarantee Scheme (ECLGS). The carrier, which had been facing multiple headwinds in recent months, has so far received around Rs 1,000 crore under the ECLGS. The latest instalment came recently after its Chairman and Managing Director Ajay Singh infused funds into the airline, according to an official in the know. Singh, who has been helming the no-frills carrier, has so far put in Rs 200 crore out of the Rs 500 crore fund infusion that he had announced last year. The official said the airline has garnered a total of more than Rs 1,100 crore funds in three ..

Fund raising plan: SpiceJet receives first tranche of Rs 744 crore

SpiceJet, which has been facing multiple headwinds, on Friday said it has received Rs 744 crore as the first tranche of funds being raised through allotment of securities on a preferential basis. On December 12, the airline had said it would raise fresh capital of Rs 2,250 crore through issuance of securities. According to a release, on January 25, the company's board of directors approved the allotment of 5.55 crore equity shares on a preferential basis to 54 subscribers. The airline has allotted shares and warrants totalling Rs 744 crore on a preferential basis in the first tranche. The board has also approved the allotment of 9.33 crore warrants to Elara India Opportunities Fund Ltd and Silver Stallion Ltd. Meanwhile, the airline has requested for additional time from the competent authority to complete the process under the ongoing preferential issue, as per the release. The extension has been sought due to limited banking days arising from long weekends during the intervenin

SpiceJet receives approval from BSE for Rs 2,242 cr capital infusion

No-frills carrier SpiceJet on Monday said it has received in-principle approval from the BSE for a Rs 2,242 crore capital infusion in the airline. The Gurugram-based airline also said that a significant portion of the fund infusion will be utilised to fuel the airline's growth, among others. SpiceJet has received in-principle approval from the BSE for the issuance of equity shares and warrants convertible into equity shares on a preferential basis, the airline said in a statement. This approval paves the way for a new fund infusion of Rs 2,242 crore in the airline, it said. A significant portion of the fund infusion will be utilised to fuel the airline's growth, expand its network and bring grounded planes back into operations, SpiceJet said. "We believe the fund infusion will open new avenues for SpiceJet, enabling us to capitalise on potential opportunities and contribute to the growth of the aviation sector in India," said Ajay Singh, Chairman and Managing Director of SpiceJet.

Analysts bet on IndiGo, SpiceJet on sustained pax growth, low oil prices

They, however, suggest staying mindful of supply chain issues, and P&W engine snags