News

Carlyle Aviation to pick up 7.5% stake in SpiceJet SpiceJet has restructured over $100 million outstanding dues to Carlyle Aviation Partner, into equity shares and compulsorily convertible debentures (CCDs). Aircraft lessor, Carlyle Aviation Partners is the commercial aviation investment and servicing arm of Carlyle's $143 billion Global Credit platform. The transaction will wipe out over $100 million debt of SpiceJet, thereby strengthening its balance sheet for future expansion. The move will substantially deleverage the company...
Carlyle Aviation to pick up 7.5% stake in SpiceJet
Carlyle Aviation to pick up 7.5% stake in SpiceJet
Source: IANS
27/02/2023 2:18:19 PM
India's SpiceJet posts surge in Q3 passenger revenue on travel rebound India's SpiceJet Ltd reported a 33% surge in third-quarter passenger revenue on Friday as the low-cost carrier flew more customers at higher fares amid a boom in travel demand, sending shares up 13% to a two-month high. The results come as the cash-strapped airline looks to raise capital with competition heating up in the industry. A rebound in passenger travel ensured strength in revenue for airlines like SpiceJet and rival IndiGo. For the quarter ended Dec. 31, SpiceJet's p...
India's SpiceJet posts surge in Q3 passenger revenue on travel rebound
India's SpiceJet posts surge in Q3 passenger revenue on travel rebound
Source: Reuters
24/02/2023 3:35:57 PM
Air Passenger volume likely to double to 400mn: Jyotiraditya Scindia Growth opportunities for airlines are tremendous as passenger volume will double from 200 million currently to 400 million over the next seven to 10 years", said Jyotiraditya Scindia, Union Minister for Civil Aviation on Tuesday. Speaking at an ASSOCHAM event on CEOs' Roundtable discussion, the Minister said that aviation is competing closely with the railways in the air-conditioned segment. "The railways today carries 125 million passengers in 1st and 2nd AC, airlines on ...
Air Passenger volume likely to double to 400mn: Jyotiraditya Scindia
Air Passenger volume likely to double to 400mn: Jyotiraditya Scindia
Source: IANS
24/08/2022 9:42:13 AM
India's SpiceJet hits over 2-month high on report promoter eyeing partial stake sale Shares of India's SpiceJet Ltd surged nearly 18% on Wednesday to hit a more than two-month high, after a report said its promoter Ajay Singh was exploring a possibility of a partial stake sale in the budget carrier. SpiceJet is in talks with a Middle Eastern carrier for the possible stake sale and talks are ongoing with a large Indian conglomerate, Indian news channel CNBC-TV-18 reported, citing sources. Singh holds about 60% stake in the airline, it added. (https://bit.ly/3zlo07u) ...
India's SpiceJet hits over 2-month high on report promoter eyeing partial stake sale
India's SpiceJet hits over 2-month high on report promoter eyeing partial stake sale
Source: Reuters
3/08/2022 10:28:41 AM
CWG 2022: Ajay Singh misses out on medal by one kg, finishes at fourth place in men`s 81kg final  Indian weightlifter Ajay Singh fought hard to grab another medal for India in 2022 Commonwealth Games, but he heartbreakingly missed out on a podium finish by just one kg to be at fourth place in the men's 81kg competition on Monday. In a thrilling final which went down the wire at the National Exhibition Centre, Ajay had nailed every lift of his in the competition. But he was unable to lift 180kg in his final attempt of clean and jerk to narrowly miss out on a medal, ending with...
CWG 2022: Ajay Singh misses out on medal by one kg, finishes at fourth place in men`s 81kg final
CWG 2022: Ajay Singh misses out on medal by one kg, finishes at fourth place in men`s 81kg final
Source: IANS
1/08/2022 5:17:33 PM
Hope to introduce drone delivery services soon: SpiceJet SpiceJet hopes to introduce drone delivery services soon, said the company's Chairman and Managing Director Ajay Singh on Saturday. Accordingly, the airline plans to introduce 'SpiceXpress' drone delivery service to strategically expand its logistics platform while building a unique supply chain competence. It plans to introduce customised drones of different payloads including 0-5 kg, 5-10 kg and 10-25 kg which have the potential to change supply chain capabilities thereby ...
Hope to introduce drone delivery services soon: SpiceJet
Hope to introduce drone delivery services soon: SpiceJet
Source: IANS
12/12/2021 8:54:48 AM
SpiceJet's Q2FY22 standalone net loss sequentially narrows to Rs 561.7 cr Airline major SpiceJet's Q2FY22 standalone net loss narrowed to Rs 561.7 crore on a sequential basis. The airline had reported a net loss of Rs 729 crore in the first quarter of FY22. However, on a year-on-year basis the net loss widened. The airline had reported a net loss of Rs 112.59 crore during the second quarter of FY21. "We have made excellent progress in our recovery and I expect this trend to continue forward in the coming quarters. With the nationwide vaccination d...
SpiceJet's Q2FY22 standalone net loss sequentially narrows to Rs 561.7 cr
SpiceJet's Q2FY22 standalone net loss sequentially narrows to Rs 561.7 cr
Source: IANS
13/11/2021 9:43:39 AM