Key Points
The airline in a statement on Friday informed that the payment of GST dues follows SpiceJet's recent successful..
The QIP attracted a diverse range of top-tier institutional investors and funds, including marquee names such as..
"We are proud to have cleared all GST dues, a significant step towards reinforcing our commitment to financial discipline and regulatory compliance," said Ajay Singh, Chairman, Managing Director of SpiceJet...
This resolution marks another significant step towards strengthening SpiceJet's financial health.. Recently, the airline has cleared all pending salary dues of its employees..
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SpiceJet to resolve $91 mn liabilities with Canada’s EC, get ownership of 13 turboprops
26, Mar, 24India Business News: NEW DELHI: SpiceJet has reached a settlement with Export Development Canada (EDC) to resolve liabilities valued at $91 million (Rs 755 crore), the air.
SpiceJet gets fresh lifeline: Mumbai-based business couple Harihara and Preeti Mahapatra to invest Rs 1,100 crore
20, Dec, 23India Business News: Harihara Mahapatra and his wife plan to invest Rs 1,100 crore in SpiceJet, acquiring a 19% stake. The funds will be utilized for various purposes such
SpiceJet resolves Rs 413 crore dispute, shares rise 3%
07, Mar, 24This marks the third major dispute resolution by the airline following its recent fundraising efforts.
SpiceJet to raise Rs 2,250 crore via equity route
12, Dec, 23SpiceJet's proposed preferential issue will have investors like Elara India Opportunities Fund, Aries Opportunities Fund, Mahapatra Universal Limited, Nexus Global Fund, Prabhudas Lilladher and Resonance Opportunities Fund. Ajay Singh, Chairman and Managing Director of the airline said the capital raise will help the airline achieve the goal of building a world-class airline in India.
Revival of bankrupt Go First airline will 'Spice' up India's aviation
16, Feb, 24Go First receives bid from Ajay Singh and Busy Bee Airways, blaming Pratt & Whitney for revenue losses. SpiceJet plans to partner with Go First, despite its own financial struggles. Market share consolidation in the aviation sector raises concerns about competition and service quality.
SpiceJet promoter Ajay Singh on how the Rs 2,254 crore lifeline will help the airline expand capacity
12, Dec, 23Investment will help the airline to induct fresh capacity and reduce liabilities, thereby reducing cost of capital, said SpiceJet promoter Ajay Singh.
SpiceJet settles Rs 93 cr dispute with Cross Ocean Partners
05, Mar, 24SpiceJet informed the Delhi High Court about settling its Rs 93 crore dispute with aircraft leasing firm Cross Ocean Partners. As part of the settlement, SpiceJet will acquire additional assets, including an airframe and an engine. The settlement is expected to result in substantial cost savings for SpiceJet. The airline recently settled with AerCap subsidiary Celestial Aviation at Rs 250 crore
SpiceJet Promoter Ajay Singh to invest ₹500 Crore, boosting airline's finances
12, Jul, 23SpiceJet promoter Ajay Singh will invest ₹500 crore into the airline to boost its financial position, enabling it to access additional credit facilities.
SpiceJet gets shareholders' nod for equity fundraising
10, Jan, 24The airline hopes the capital infusion will help revive its grounded planes that continue to weigh on the financial results of the company. Under the fundraising plan, SpiceJet will issue up to about 32 crore equity shares and 13 crore convertible warrants at an issue price of Rs 50.