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comprising Members Mahendra Khandelwal and Rahul Prasad Bhatnagar observed that Willis Lease Finance Corporation has withdrawn its insolvency plea for the same dispute in March 2023 and has approached again with a new plea.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.
A 22-year-old youth and a person with disability died, while at least 11 were injured, in separate rain-related incidents in the national capital on Wednesday evening. The incidents occurred amid sudden changes in weather in Delhi, as a rainy storm marked by hail wrecked havoc across the city, throwing traffic out of gear as far as Delhi-Noida, Delhi-Ghaziabad, and Delhi-Gurugram roads and uprooting several trees.
Aviation security regulator BCAS on Wednesday slapped fines totalling Rs 1.80 crore on IndiGo and Mumbai airport operator MIAL over the incident of passengers having food on the airport's apron. The apron is the area around the aircraft where it has finally parked for deboarding.
The 56-year-old judge, enrolled as an advocate in 1992, was appointed as an additional judge of the Allahabad high court on October 13, 2014 and took oath as a permanent judge of that court on February 1, 2016.
Boxing Federation of India (BFI) chief Ajay Singh will be up against secretary general Hemanta Kalita, vice-president Rajesh Bhandari, and Kerala State Amateur Boxing Association secretary D Chandralal when the BFI holds its long-awaited elections on March 28.
Oil marketing companies (OMCs), paint manufacturers, tyre producers, and aviation stocks witnessed significant gains as Brent crude oil prices slipped below $70 per barrel. The price drop came after a double blow: The US imposed tariffs on Canada and Mexico, including energy imports, and OPEC+ - the group of major oil-producing nations including Russia - announced an output increase of 138,000 barrels per day, the first such hike since 2022.
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.
SpiceJet said it faced a ransomware attack on Tuesday night, causing a delay in departure of its flights on Wednesday morning.
This is at least the ninth incident of technical malfunction on a SpiceJet aircraft in the last 40 days.
SpiceJet has been facing operational and financial headwinds in recent times, and it is already under enhanced surveillance of the DGCA.
Shares of Oil marketing companies (OMCs) extended their gains for the fourth consecutive session on Thursday after crude oil prices plunged to six-month lows in the international markets, which boosted investor sentiments. Traders said the OMC stocks gained with crude oil prices hovering below $70 per barrel after OPEC-plus decision to increase output from April, a move which is expected to favour Indian refiners with added marketing margins on retail fuel.
On May 1, SpiceJet's Mumbai-Durgapur flight encountered severe turbulence during its descent phase, injuring 14 passengers and three cabin crew members.
Out of the 14 flights, 13 were diverted to Jaipur and 1 to Dehradun, the official said and added that the diversions happened between 8.30 am and 3 pm.
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.
Stand-up comedian Kunal Kamra has once again found himself at the center of a controversy, this time for his comments about Maharashtra's Deputy Chief Minister Eknath Shinde. Kamra has been a controversial figure for years, with his comedy often targeting politicians and other public figures. This latest incident has led to a backlash from Shinde's supporters, who have vandalized the venue of Kamra's show. Kamra has a history of making controversial remarks, including heckling a TV anchor on a flight and making comments about the judiciary.
The episode has been classified as an 'accident' as it has left serious injuries on passengers and crew members, the sources mentioned.
The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly three years ago after being bogged down by financial woes. In May 2023, the airline filed for a voluntary insolvency resolution process citing financial woes. The tribunal, in a 15-page order, said it is ordering the liquidation of the corporate debtor Go Airlines (India) Ltd.
The Supreme Court has appointed its former judge P V Reddi to mediate the dispute between SpiceJet and its former promoter Kalinithi Maran, the airline said on Wednesday. The dispute dates back to 2015, when Maran sold his stake in SpiceJet of 58.46 per cent, or 50.4 million shares, to Ajay Singh for Rs 2 after the airline suffered financial trouble. A year later, Maran approached the Delhi high court, alleging a breach of agreement by Singh for not issuing him 189 million share warrants and preference shares despite Maran's Rs 679-crore infusion.
A SpiceJet spokesperson said that after take-off from Jeddah, ATC informed the pilots that tyre pieces were found on the runway.
An alternate aircraft of Indian budget carrier SpiceJet flew to Dubai from Karachi's Jinnah International Airport on Tuesday night, ending a wait of nearly 11 hours for 138 passengers who got stranded there after taking off from New Delhi in the morning.
Boroscopic inspection of all operational engines of all Q400 engines within one week, immediate inspection of Magnetic Chip Detectors (MCD), drawing of engine oil samples every 15 days for analysis and inspection of bleed-off valve screen and housing for evidence of oil wetness in weekly check, are among the other directions.
SpiceJet will now be 'doubly careful' and strengthen inspection of aircraft before they leave to operate flights, airline's Chairman and Managing Director Ajay Singh said on Wednesday.
Low cost airline SpiceJet and Swiss firm Credit Suisse AG on Thursday told the Supreme Court they have resolved their financial dispute. The apex court then permitted SpiceJet to withdraw its appeal against a Madras high court verdict ordering that the airline be wound up on account of alleged non-payment of dues to Credit Suisse AG. "There is a settlement which has taken place on May 23, 2022 as per the consent terms.
SpiceJet said its freighter aircraft, which was heading to Chongqing in China, returned to Kolkata on Tuesday as the pilots realised after take off that its weather radar was not working.
SpiceJet has failed to 'establish safe, efficient and reliable air services' under the terms of Rule 134 and Schedule XI of the Aircraft Rules, 1937, the notice issued by the DGCA stated.
Indian aviation regulator DGCA has barred 90 SpiceJet pilots from operating the Boeing 737 Max aircraft after finding them not properly trained. "For the moment, we have barred these pilots from flying the Max and they have to retrain successfully for flying the aircraft," DGCA chief Arun Kumar said in a statement. He also said that the regulator will take "strict action against those found responsible for the lapse."
In an unprecedented action, Indian aviation regulator DGCA has directed low-cost airline Spicejet to operate only 50 per cent of its flights for eight weeks. This follows an unusually high number of incidents involving the airline, raising safety concerns. The curtailment of capacity is unlikely to have any commercial impact on the airline owned by entrepreneur Ajay Singh. SpiceJet already operates less than 50 per cent of the flights it had filed for the summer schedule.
The bulk of Indian carriers flying to Dubai are low-cost carriers, which include IndiGo, Air India Express, and SpiceJet.
More than 80 domestic and international flights of various Indian airlines received bomb threats on Thursday, according to sources.
Aviation regulator DGCA conducted 53 spot checks on 48 SpiceJet aircraft between July 9 and July 13 and it did not find any major safety violations, Minister of State for Civil Aviation V K Singh said on Monday. "However, as a safety measure, the Directorate General of Civil Aviation (DGCA) ordered SpiceJet to use certain identified aircraft (10) for operations only after confirming to the regulator that all reported defects/malfunctions are rectified," Singh said in his written reply in Rajya Sabha. SpiceJet planes were involved in at least eight technical malfunction incidents in the 18-day period starting June 19, following which the DGCA had on July 6 issued a show-cause notice to the airline, stating that "poor internal safety oversight" and "inadequate maintenance actions" have resulted in degradation of safety margins.
The move follows the recent probe report by the United States National Transportation Safety Board (NTSB) that highlighted safety concerns involving Boeing 737 aircraft equipped with Collins Aerospace SVO-730 Rudder Rollout Guidance Actuators.
The accused made the call so that his childhood friends could spend more time with their girlfriends, who were going to Pune, at the Delhi airport, the police said.
Wadia Group-owned Go First Airways' (Go First) insolvency plea could trigger a 'momentum rally' in shares of rival airlines, Interglobe Aviation (parent company of IndiGo) and SpiceJet, as they look to gain bankrupt airline's market share, said analysts. On the bourses, shares of InterGlobe Aviation hit a 52-week high of Rs 2,235.95, surging 8 per cent on the BSE in Wednesday's intra-day trade, before settling 4.5 per cent higher at Rs 2,164 apiece. Those of SpiceJet and Jet Airways, meanwhile, rallied up to 6 per cent in the intra-day trade, and ended 1 per cent and 5 per cent higher, respectively, following the development, which was announced post market hours on Tuesday.
During these eight weeks, the budget carrier will be subjected to "enhanced surveillance" by the Directorate General of Civil Aviation.
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.
SpiceJet will induct more Boeing 737 Max aircraft over the next few months and it hopes to start broadband internet service on its planes soon, its chairman and managing director (CMD) Ajay Singh said on Monday. The airline has a fleet of 91 aircraft, out of which 13 are Max planes and 46 are older versions of Boeing 737 aircraft, according to its website. In his email to employees on the 17th anniversary of the airline, Singh said the carrier continues to fly with the highest loads month after month and expects to soar even higher in the coming months.
The two episodes on a single day have taken the total number of technical malfunction incidents involving SpiceJet aircraft to seven in the last 17 days.
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.
The threats via microblogging platform X came a day after three international flights originating from Mumbai received bomb threats, causing trouble to hundreds of passengers and airline crew.
'For the moment, we have barred these pilots from flying the Max and they have to retrain successfully for flying the aircraft,' DGCA chief Arun Kumar said in a statement.
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