The sources indicated that the AAI, which had given time to SpiceJet till Monday to clear its dues, would not press the deadline and give the airline more time to pay up.
In an email, a SpiceJet spokesperson said: "A few foreign airlines/investors have evinced interest in SpiceJet. It will be very premature to comment on the possibilities of any fresh equity issuance to such interested parties."
Troubled carrier SpiceJet has paid employees' salaries for November and cleared dues of fuel companies as well.
Prime Minister Manmohan Singh on Tuesday fowarded to President Pratibha Patil the resignation letters of the following ministers in the Union council of ministers with the recommendation that they may be accepted.
After several rounds of voting, the results are in. The LUMIX People's Choice Award goes to David Lloyd for his amazing photograph of two lions greeting each other and rubbing their faces for 30 seconds. The 2018 competition attracted over 45,000 entries from professionals and amateurs across 95 countries. Wildlife Photographer of the Year is the Natural History Museum's annual showcase of the world's best nature photography and photojournalism. Seen by millions of people all over the world, the images celebrate the astonishing diversity of life on earth, whilst challenging us to address the big questions facing our planet.
BSE has sought clarification from the company with respect to the media report stating that Spicejet is to sell part/complete stake to an investor.
Kavery Kalanithi of Sun TV Group has retained her position as country's top paid business woman although her pay package declined to Rs 57 crore in 2012, according to Fortune magazine.
Continuing its winning streak, the ruling All India Anna Dravida Munnetra Kazhagam on Sunday retained the Yercaud (ST) assembly constituency, with party nominee P Saroja romping home with a massive margin of 78,116 votes against her DMK rival V Maran
To turnaround, the airline bets on heavily-discounted tickets and new overseas routes.
The Chennai-based airline promoted by Kalanithi Maran had reported a net loss of Rs 39.26 crore (Rs 392.6 million) in the same period the prior year.
Janata Party President Subramanian Swamy has sought permission from the Central Bureau of Investigation Special Court dealing with 2G scandal cases to file a petition seeking to include Union Home Minister P Chidambaram as a co-accused in the Aircel-Maxis case.
There could be rejig at top level at SpiceJet.
The airline's board decides to issue warrants to promoters on a preferential basis
A look at the life and times of maverick businessman Chinnakannan Sivasankaran
The court had said "things are not spelt out as to what you (Centre) mean by security clearance.
Did Jayalalithaa, who was also in jail then, know about these transactions?
Naveen Jindal, Chairman and Managing Director of Jindal Steel and Power Ltd (JSPL), has topped the executive pay charts for listed companies in India.
The exercise to add the inmates' names to the electoral roll was initiated in February this year.
Check out these new stills from the Tamil movie.
Malaysia's Astro All Asia Networks will pick up 20 per cent in the Maran family-run Sun TV's DTH operator -- Sun Direct TV -- for Rs 747 crore ($166 million).
The CBI had summoned Karti to appear before it on October 4.
No-frills carrier SpiceJet is in active discussions with Singapore-based budget carrier Tigerair for a possible stake sale even as they are set to sign a code share agreement soon, sources said.
In India, many players are in the throes of chaos and pain but at least one partnership -- Air Asia India -- that was fraying even before the pandemic now finds itself at breaking point, says Anjuli Bhargava.
The Central Bureau of Investigation on Wednesday sought clarifications from Standard Chartered Bank officials in connection with its probe into former Aircel chief C Sivasankaran's allegations that the then Telecom Minister Dayanidhi Maran forced him to sell his company to Malaysia-based Maxis group in 2006.
Congress President Sonia Gandhi on Saturday met Prime Minister Dr Manmohan Singh giving further momentum to the talk of an imminent cabinet reshuffle possible early next week.
In the backdrop of Dayanidhi Maran's exit from the Union cabinet over the 2G scam issue, senior Congress leader and Finance Minister Pranab Mukherjee on Saturday discussed the current political situation with Dravida Munnetra Kazhagam chief M Karunanidhi and asserted that the alliance between the two parties would be strengthened.
The Jayalalithaa government in Tamil Nadu on Friday scrapped another pet scheme of the Karunanidhi regime by ending free colour TV distribution on which over Rs 3,600 crore was spent in the past five years.
Reversing the DMK regime's pet projects, the Jayalalithaa government in Tamil Nadu on Friday scrapped housing and insurance schemes named after M Karunanidhi and announced a probe into alleged irregularities in the construction of new assembly-cum-secretariat complex. Apparently targeting the Maran brothers, who own a media empire, the government also said it would nationalise the multi-crore cable TV business, over which they have near monopoly.
Protests were held across Tamil Nadu with raising of slogans-- "Vendum Vendum Kudineer Vendum" (we want water) and "Edappadi Arasai Kandikirom" (we condemn chief minister Edappadi K Palaniswamy's government).
The average revenue per passenger during the reporting quarter increased 24 per cent, while the number of passengers carried rose 26 per cent.
Media magnate Kalanidhi Maran, who is also the grandnephew of Dravida Munnettra Kazhagam President M Karunanidhi, has been summoned by the city police to appear before it on Tuesday in a cheating and intimidation case against Sun Pictures owned by him.
One of several jokes doing the rounds these days is about the launch of a new political party, called the Tihar Munnetra Kazhagam.
If the Murari Lal Jalan-Kalrock Capital combine can script a turnaround, it will have pulled off a bigger coup than Ajay Singh did with SpiceJet in 2014.
The four 78-seater Q400s would connect Hyderabad with 12 Tier-II and Tier-III destinations.
Prime Minister Manmohan Singh has directed all Union ministers to declare their assets and liabilities and indicate their business interests.The prime minister's directions were circulated in a six-page letter to all Union ministers by Cabinet Secretary K M Chandrasekhar on June 2. Dr Singh's direction comes in the wake of Textile Minister Dayanidhi Maran and former telecom minister A Raja getting embroiled in the massive 2G scam.
Meanwhile, Minister of State for Civil Aviation Mahesh Sharma said that there was no question of any bail out to the beleaguered carrier
The exit of Dayanidhi Maran from the government has fuelled speculation of a reshuffle of the Union Cabinet early next week, possibly on Monday or Tuesday.
The government cleared Department of Post initiative on Wednesday to invest the interest earned by postal life insurance scheme to invest in the equity market, IT and Telecom Minister Dayanidhi Maran said in New Delhi.
The secret behind Singh's success was that he mostly set about undoing all the mistakes made by the Marans, points out Anjuli Bhargava.
Budget carrier SpiceJet on Wednesday launched another discounted ticket scheme, offering fares as low as Rs 1,599 across its domestic network for travel between February 15 and April 15 to celebrate Valentine's Day.
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