In a disclosure to the Bombay Stock Exchange, Spicejet said that over 18.52 lakh equity shares of the company, pledged by Kal Airways have been released.
Dubai-based Emirates Airline has termed reports that it is holding discussions with Indian carrier SpiceJet for buying a stake in the airline as 'inaccurate' and said that it was busy with its own expansion plans.
Jet Air shares rally on expectations that continuing troubles at rival SpiceJet will help it gain market share.
No-frills carrier SpiceJet on Tuesday put on sale 1 lakh seats on its select domestic flights for just Re 1.
Growth in the domestic market in the second quarter was fuelled by low fares but this has impacted airline profits.
SpiceJet board is likely to pass a resolution within three days after the court order.
SpiceJet would see a capital infusion of Rs 1,500 crore.
Kalanithi Maran claims deal with Ajay Singh is dead; SpiceJet spokesperson says Maran's claims are baseless and false
The incident happened on Monday around 11.45 pm when the SpiceJet flight SG6237 flying from Jaipur to Mumbai skid and overshot the main runway.
Meanwhile, Minister of State for Civil Aviation Mahesh Sharma said that there was no question of any bail out to the beleaguered carrier
Neil Mills explains the rationale behind slashing fare by 50 per cent in a recent offer.
A consortium led by Ajay Singh is initially expected to invest Rs 1,200 cr, largely to cover liabilities.
The company held about $12 million worth of FCCBs in SpiceJet. Bank of America-Merill Lynch brokered the block deal for the company, said sources.
SpiceJet slumped slumped almost 14 per cent amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier.
The Gurgaon-based carrier, which started its regional operations from Hyderabad last month, plans to have the hubs in Chennai, Ahmedabad, Bangalore, Kolkata and Delhi.
Low cost airline SpiceJet, will introduce international flights to Bangladesh, Sri Lanka and Nepal from Kolkata by June.
The Spicejet aircraft took off at around 12.10 pm, and according to residents of localities adjacent to the airport, who claimed to have witnessed the spectacle, it caught fire immediately.
SpiceJet on Tuesday said the private equity firm led by billionaire Wilbur Ross will invest $80 million (about Rs 345 crore) in the low cost airline.
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Officials in India's civil aviation ministry are now expected to meet SpiceJet stakeholders within a couple of days to discuss the revival plan
Three months after Sanjay Aggarwal resigned as chief executive officer (CEO) of SpiceJet, the airline announced the appointment of Neil Raymond Mills as the CEO.
The bone of contention between the two sides relates to changes in the purchase terms.
Budget carrier SpiceJet on Thursday said it has been designated as the "Indian scheduled carrier" to operate flights to the US.
Global investment banking and securities firm Goldman Sachs has expressed interest in acquiring equity in Delhi-based SpiceJet even as top sources said talks for a merger with Kingfisher Airlines are on track.
DGCA rules require pilots to service a six-month notice.
Over the past six months, the airline's fleet has shrunk from 58 aircraft to 48 planes with the carrier returning 10 Boeing 737s to lessors.
Low cost carrier SpiceJet announced on Thursday the launch of a dedicated online web hotel reservation service, offering rooms in about 100 hotels in different parts of the country.
SpiceJet on Monday said the seat belt sign was on and multiple announcements were made by crew members asking passengers to remain seated on its Mumbai-Durgapur flight on Sunday.
DGCA sources pegged SpiceJet's total dues at Rs 1,600 crore (Rs 16 billion), which the airline owes lessors, vendors, income-tax department and airport operators.
SpiceJet put one lakh seats up for grabs.
There are few deals where the buyer and the seller both walk away happy. The SpiceJet deal is one, where each side had a price point for reference.
The catch is you will have to book your flight by August 27 and travel between September 25 and January 15, an airline spokesperson said, adding the offer is applicable on all direct, via and onward flights on SpiceJet's domestic network.
SpiceJet is looking for investments from external parties, including airlines, and also plans to add seven more Boeing planes to its fleet, the carrier's chief Ajay Singh said on Tuesday. In recent times, SpiceJet has faced turbulence -- especially with many of its flights suffering technical snags -- and subsequently, the airline has faced actions from aviation regulator DGCA. SpiceJet chairman and managing director Ajay Singh said it is doing the utmost to work through the stress that it has faced and the strategy is to raise resources.
His exit is yet another example of a churn in the company's senior management, which saw fresh appointments in finance, commercial and sales division.
SpiceJet is the first Indian airline to operate on Kathmandu-Bagdogra route.
IndiGo's passenger load factor, at 67% in July, fell six percentage points from the same month last year.
Even as it is expected to post a net loss, the Delhi-based no-frills airline SpiceJet is reducing its financial year to ten months ending March 31, 2007, for operational reasons.
US aircraft maker Boeing Corp on Wednesday signed an agreement to sell ten 737-800 passenger jets, with an option to sell 10 more, to SpiceJet low-cost carrier in a deal worth $1.26 billion at list prices.\n\n
Ajay Singh is trying hard to turnaround SpiceJet.
Low-cost carrier SpiceJet on Friday said it has launched a 'Home Away Insurance' for all its customers in collaboration with insurance firm Tata AIG.
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