Spicejet Revival
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SpiceJet Revival 'Going Very Well', Set To Double Fleet In A Year: Chairman
Domestic carrier SpiceJet's revival plan is "going very well" and the airline is on track to double its current fleet over the next 12 months, Chairman and Managing Director Ajay Singh said on Wednesday.
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SpiceJet Says No Plans To Seek Insolvency, Will Revive Grounded Planes
Budget carrier SpiceJet today said it has no plans to file for insolvency proceedings and has also started the process of reviving its grounded fleet with USD 50 million.
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SpiceJet To Borrow From Emergency Fund To Revive Grounded Planes
SpiceJet said it would draw funds from the government's Emergency Credit Line Guarantee Scheme (ECLGS).
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Government To Revive Plan To Sell Air India After Last Attempt Flopped
Air India, which is surviving on a Rs 30,000 crore taxpayer-funded bailout, has failed to maintain its market dominance as a slew of carriers including InterGlobe Aviation and SpiceJet started to offer ultra-cheap, on-time flights more than a decade ago.
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SpiceJet to Add 7 Planes; Another Rs 500 Crore Infusion in April: Report
Mr Singh has already pumped in Rs 500 crore into the carrier after he took over control last month from erstwhile promoter the Maran family as part of the airline's revival plan.
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SpiceJet Receives Fund From New Owner
In late January, SpiceJet board had approved transfer of entire 58.46 per cent stake of Marans to Singh, while the company would raise Rs 1,500 crore through issuance of fresh securities under a revival plan.
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SpiceJet Investments Yet to Come In: Report
The Ministry has also not received any fresh communication from SpiceJet, which is in the process of change in management control, on its revival plan.
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SpiceJet Lessors Seek 11 Planes Back: Report
In fresh trouble for the budget carrier SpiceJet, aircraft lessors have approached the aviation regulator DGCA, seeking its permission to repossess 11 Boeing planes of the airline, even as its revival plan is under review of the Civil Aviation Ministry.
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SpiceJet Revival: Ajay Singh Says More Investors to Join In
Stating that the road ahead for SpiceJet was "pretty tough", its original founder and new owner Ajay Singh on Thursday said he was in talks with more than one investor for fund infusion into the carrier.
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SpiceJet May Consider Layoffs Ahead of Proposed Investment
Beleaguered budget carrier SpiceJet may consider retrenching a section of its around 5000 employees ahead of the proposed fund infusion by the potential investors in the company.
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SpiceJet Investors Discuss Revival Plan With Sebi: Report
Signalling an imminent change in SpiceJet's ownership, potential investors including co-founder Ajay Singh and US-based JPMorgan have begun discussions with the Securities and Exchange Board of India (Sebi) over their investment plan for the cash-strapped airline.
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Didn't Get Any Credit From Oil Firms: SpiceJet
Beleaguered airline SpiceJet has said it has received no credit from oil companies, even as it scotched speculation about having failed to submit any revival plan on Wednesday.
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SpiceJet Soars 9% on Hopes of JPMorgan Investment
Ajay Singh, who helped set up the low-cost airline in 2005, is leading a rescue plan for SpiceJet and has met with aviation ministry officials to discuss a revival plan. He is looking to partner some US-based private equity investors to help fund the airline, a government official told reporters on Monday.
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SpiceJet Set to Submit Revival Plan to Government: Report
Beleaguered budget carrier SpiceJet would submit a revival plan to the government on Friday on the basis of a proposed investment of $200 million from founding promoter Ajay Singh and US-based JP Morgan Chase, sources said on Thursday.
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Sun Group Says Cannot Invest Large Sums to Revive SpiceJet
SpiceJet was forced to ground its entire fleet on Wednesday after oil companies, which are owed money by the airline, refused to refuel its planes.
-
SpiceJet Revival 'Going Very Well', Set To Double Fleet In A Year: Chairman
Domestic carrier SpiceJet's revival plan is "going very well" and the airline is on track to double its current fleet over the next 12 months, Chairman and Managing Director Ajay Singh said on Wednesday.
-
SpiceJet Says No Plans To Seek Insolvency, Will Revive Grounded Planes
Budget carrier SpiceJet today said it has no plans to file for insolvency proceedings and has also started the process of reviving its grounded fleet with USD 50 million.
-
SpiceJet To Borrow From Emergency Fund To Revive Grounded Planes
SpiceJet said it would draw funds from the government's Emergency Credit Line Guarantee Scheme (ECLGS).
-
Government To Revive Plan To Sell Air India After Last Attempt Flopped
Air India, which is surviving on a Rs 30,000 crore taxpayer-funded bailout, has failed to maintain its market dominance as a slew of carriers including InterGlobe Aviation and SpiceJet started to offer ultra-cheap, on-time flights more than a decade ago.
-
SpiceJet to Add 7 Planes; Another Rs 500 Crore Infusion in April: Report
Mr Singh has already pumped in Rs 500 crore into the carrier after he took over control last month from erstwhile promoter the Maran family as part of the airline's revival plan.
-
SpiceJet Receives Fund From New Owner
In late January, SpiceJet board had approved transfer of entire 58.46 per cent stake of Marans to Singh, while the company would raise Rs 1,500 crore through issuance of fresh securities under a revival plan.
-
SpiceJet Investments Yet to Come In: Report
The Ministry has also not received any fresh communication from SpiceJet, which is in the process of change in management control, on its revival plan.
-
SpiceJet Lessors Seek 11 Planes Back: Report
In fresh trouble for the budget carrier SpiceJet, aircraft lessors have approached the aviation regulator DGCA, seeking its permission to repossess 11 Boeing planes of the airline, even as its revival plan is under review of the Civil Aviation Ministry.
-
SpiceJet Revival: Ajay Singh Says More Investors to Join In
Stating that the road ahead for SpiceJet was "pretty tough", its original founder and new owner Ajay Singh on Thursday said he was in talks with more than one investor for fund infusion into the carrier.
-
SpiceJet May Consider Layoffs Ahead of Proposed Investment
Beleaguered budget carrier SpiceJet may consider retrenching a section of its around 5000 employees ahead of the proposed fund infusion by the potential investors in the company.
-
SpiceJet Investors Discuss Revival Plan With Sebi: Report
Signalling an imminent change in SpiceJet's ownership, potential investors including co-founder Ajay Singh and US-based JPMorgan have begun discussions with the Securities and Exchange Board of India (Sebi) over their investment plan for the cash-strapped airline.
-
Didn't Get Any Credit From Oil Firms: SpiceJet
Beleaguered airline SpiceJet has said it has received no credit from oil companies, even as it scotched speculation about having failed to submit any revival plan on Wednesday.
-
SpiceJet Soars 9% on Hopes of JPMorgan Investment
Ajay Singh, who helped set up the low-cost airline in 2005, is leading a rescue plan for SpiceJet and has met with aviation ministry officials to discuss a revival plan. He is looking to partner some US-based private equity investors to help fund the airline, a government official told reporters on Monday.
-
SpiceJet Set to Submit Revival Plan to Government: Report
Beleaguered budget carrier SpiceJet would submit a revival plan to the government on Friday on the basis of a proposed investment of $200 million from founding promoter Ajay Singh and US-based JP Morgan Chase, sources said on Thursday.
-
Sun Group Says Cannot Invest Large Sums to Revive SpiceJet
SpiceJet was forced to ground its entire fleet on Wednesday after oil companies, which are owed money by the airline, refused to refuel its planes.
