SpiceJet passengers experienced significant disruptions as flights were cancelled and delayed, leading to chaos at airports and a barrage of complaints on social media.
An Akasa Air and a SpiceJet plane collided on the taxiway at Delhi airport, resulting in both aircraft being grounded due to damage. The incident occurred at Terminal 1, with investigations underway.
SpiceJet will operate 14 special flights from the UAE on Friday to bring passengers who have been stranded due to the Middle East conflict.
SpiceJet will operate 13 special flights from the UAE to facilitate the return of passengers stranded due to the Middle East conflict.
IndiGo, Air India, and SpiceJet are opposing the government's directive to offer 60% of seats for free selection, arguing it will lead to increased airfares to compensate for lost revenue.
Two passengers were offloaded from a SpiceJet flight at Delhi airport after attempting to forcefully enter the cockpit while the aircraft was taxiing. The flight to Mumbai was delayed as a result.
The officer has been banned from taking any domestic, international or non-scheduled flights operated by the airline during this period, they added.
The frame was fixed once the aircraft landed at the next (Pune) airport, in accordance with standard maintenance procedures, the airline said in a statement.
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 $27 million.
Aviation watchdog DGCA on Thursday decided to place crisis-hit SpiceJet under enhanced surveillance that will entail increased spot checks and night surveillance to ensure safety of the airline's operations. Based on reports of cancellation of flights and financial stress being experienced by SpiceJet, DGCA said it conducted a special audit of the airline's engineering facilities on August 7 and 8 and certain deficiencies were found during the audit.
'He hit me on my face with baggage. He slapped me and started hitting me. He used his fist and feet to hit me. At the end, he punched me and I fell down'
A SpiceJet employee, Mudasir Ahmad Khan, claims he was assaulted by an army officer at Srinagar airport for enforcing baggage rules. He demands action against the officer, while the army says it is cooperating with the investigation.
However, the meeting of the company's board of directors, through video conferencing, started at 1.30 pm and ended only at 11.50 pm on Tuesday, according to a filing made to BSE at 12.51 am on Wednesday. In the 2024 December quarter, the airline, which had been facing multiple headwinds, raised Rs 3,000 crore from qualified institutional investors.
Budget carrier SpiceJet on Wednesday said it has amicably settled a $132-million dispute with aircraft leasing firm Babcock & Brown Aircraft Management (BBAM). The dispute, valued at $131.85 million (Rs 1,107 crore) with the lessors -- Horizon Aviation 1 Ltd, Horizon II Aviation 3 Ltd, and Horizon III Aviation 2 Ltd -- has been resolved for $22.5 million, SpiceJet said in a statement.
SpiceJet Ltd on Monday said it has hived off its cargo and logistics business SpiceXpress into a separate entity -- SpiceXpress and Logistics Pvt Ltd, from April 1. The move results in a one-time gain of Rs 2,555.77 crore for SpiceJet, substantially reducing its negative net worth, the company said. It also paves the way for SpiceXpress to raise funds independently, SpiceJet said.
SpiceJet on Tuesday said it has expressed interest to acquire Go First and plans to submit its offer after carrying out due diligence of the bankrupt carrier. Go First, which stopped flying since May 3 amid financial woes mainly triggered by Pratt & Whitney engine issues, is undergoing an insolvency resolution process.
SpiceJet promoter and chairman Ajay Singh may offload more than 10 per cent stake in the struggling carrier as part of the latest funding round that is expected to close by the end of September, according to sources. The budget 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.
Crisis-hit SpiceJet plans to hand out pink slips to at least 1,000 employees in the coming days as the airline works to significantly reduce costs and streamline operations of its depleted aircraft fleet, officials said on Monday. Faced with financial woes, legal battles and other headwinds, the no-frills carrier might ask more staff to leave as there is excess manpower now compared to the number of planes in service. A final decision on the quantum of layoffs is expected this week, one of the officials in the know said.
Jaipur airport SHO Ral Lal said the ASI called for a female colleague for the security check, but the argument escalated and the SpiceJet employee slapped him.
SpiceJet's resurgence, once the new funding is in place, has the potential to disrupt the Indian aviation market in 2024 as the airline will bring its grounded aircraft back to service and lease as many planes as possible to be competitively relevant, aviation consultancy firm Capa India said on Thursday. "Although the market for procuring aircraft in 2024 is exceptionally tight, we expect that SpiceJet will bring stored aircraft back into operations, and will wet or dry lease as much capacity as possible, in order to be competitively relevant. "This will have a material impact on the industry structure, and possibly on domestic profitability," Capa India said in its report.
SpiceJet said it faced a ransomware attack on Tuesday night, causing a delay in departure of its flights on Wednesday morning.
SpiceJet on Thursday said it has settled a $90.8 million dispute with Export Development Canada for a total consideration of $22.5 million, leading to the airline taking ownership of 13 Q400 planes. This resolution will result in savings of $68.3 million (Rs 574 crore), it said.
Union Minister for Civil Aviation Praful Patel flagged off SpiceJet, India's latest low cost, no-frills airline on Tuesday on the Delhi-Ahmedabad-Mumbai route with a Boeing 737-800 aircraft in an efficient all economy 189 seat configuration.
SpiceJet has announced the appointment of Seema Chandra as Chief Financial Officer with effect from July 1.
This is at least the ninth incident of technical malfunction on a SpiceJet aircraft in the last 40 days.
The Supreme Court on Tuesday said it would consider a joint request for mediation of low-cost airline SpiceJet and media baron Kalanithi Maran and his Kal Airways for amicably settling all pending disputes between them including the row over the share-transfer issue. A bench comprising Chief Justice N V Ramana and Justices J K Maheshwari and Hima Kohli was apprised by senior advocate Mukul Rohatgi, appearing for SpiceJet, that there were three pending issues between the low-cost airline and Maran and out of these, one has been settled on July 29. Initially, Rohatgi sought four to six week time for settling all the issues between the parties.
Aviation watchdog DGCA has taken off SpiceJet from its enhanced surveillance regime, a senior official said on Tuesday. The airline, which has been facing multiple headwinds, was placed under enhanced surveillance recently. The senior DGCA official said that in view of the observations made in the past concerning inadequate maintenance and in view of the incidents during the monsoon season last year, SpiceJet was placed under enhanced surveillance.
The Delhi high court has directed SpiceJet to deposit "forthwith" Rs 75 crore that has to be paid to media baron Kalanidhi Maran and his Kal Airways towards interest on an arbitral award of Rs 578 crore. The high court said, admittedly, there is no modification of the February 13, 2023 order passed by the Supreme Court in the case, and hence it needs to be followed. "Since the judgment debtor (SpiceJet) had failed to pay an amount of Rs 75 crores to decree holder (Maran and Kal Airways), hence in terms of para 15 (ii) of the order dated February 13, 2023 of the Supreme Court, there is no other alternative except to call upon the judgment debtors to deposit the entire outstanding amount qua interest forthwith, thus is so directed.
The National Company Law Tribunal (NCLT) on Tuesday questioned the maintainability of the insolvency plea filed against air carrier SpiceJet by one of its operational creditors Willis Lease Finance Corporation. A two-member NCLT bench comprising Members Mahendra Khandelwal and Rahul Prasad Bhatnagar observed that Willis Lease Finance Corporation has withdrawn its insolvency plea for the same dispute in March 2023 and has approached again with a new plea. The bench wanted to know as Willis Lease Finance Corporation, an aircraft lessor, had filed again for a similar cause of action within a few months.
Air India, IndiGo and SpiceJet have told the government that the country's airline industry is under extreme stress and on the verge of "stopping operations", as they sought revision in ATF pricing and financial support.
BBAM seeks $100 million, return of 6 Boeing 737s.
Concerned about the deteriorating financial and operational performance of the Kalanithi Maran-promoted airline, the DGCA had on Friday withdrawn 186 flight slots of SpiceJet and directed it not to take bookings for flights beyond a month.
Aviation regulator DGCA has temporarily suspended SpiceJet's licence for the transportation of 'dangerous goods' for alleged violations, according to sources. The suspension is for 30 days, and during this period, SpiceJet will not be allowed to carry dangerous goods, including lithium-ion batteries, on its domestic as well as international flights, the sources told PTI on Friday. When contacted, a SpiceJet spokesperson did not directly mention the suspension.
A SpiceJet official allegedly told some Jet pilots that they were doing a "charity" by hiring them.
IndiGo has the lowest pilots-to-aircraft ratio among domestic airlines in India, according to data presented in Parliament. SpiceJet and Akasa Air have the highest ratios. Air India Express employs the most expat pilots.
The episode has been classified as an 'accident' as it has left serious injuries on passengers and crew members, the sources mentioned.
SpiceJet on Tuesday said shareholders have approved the transfer of its cargo and logistics services business to a subsidiary, on a slump sale basis, through an all-share deal worth over Rs 2,555 crore, a move that will help the airline to significantly reduce its negative networth. Besides, the shareholders have cleared the proposal to raise up to Rs 2,500 crore through the Qualified institutional placement (QIP) route. These developments also come at a time when the airline industry is slowly recovering after being battered by the coronavirus pandemic.
SpiceJet has been facing operational and financial headwinds in recent times, and it is already under enhanced surveillance of the DGCA.
Aviation stocks experienced a significant surge following the announcement of a two-week ceasefire between the US and Iran, which led to a sharp decline in crude oil prices. This development has positively impacted stock markets and the broader economic outlook for India.
On Monday, the Boeing B737 Max aircraft with registration number VT-SZK operated the Mangaluru-Dubai flight, DGCA officials noted. After the aircraft landed, an engineer did a walk around inspection and found the nose wheel strut was compressed more than usual, they said.
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