The low-cost airline plans to allot 37 lakh non-convertible preference shares to Marans and Kal Airways. These shares will be issued at Rs 1000 per share.

Aviation Min clears SpiceJet revival plan, DGCA nod awaited

As per the revival plan firmed up by Ajay Singh, the airline would focus on strengthening finances and improving operational efficiency.

Willing to assist SpiceJet as per law: Aviation MoS Sharma

Speaking exclusively to the channel, Mahesh Sharma, the minister of state for aviation, said Rs 1,500 crore could be enough for Spicejet to stay afloat.

Can Ajay Singh avoid open offer post SpiceJet takeover?

Ajay Singh, the potential new owner of SpiceJet, has been ambivalent about doing an open offer to company‘s shareholders after assuming control of the airline. That's because there is a window of exemption available that Singh maybe hopeful of using.

Will make open offer for SpiceJet if Sebi asks: Ajay Singh

SpiceJet co-founder Ajay Singh said the airline has provided confidential revival plan to aviation ministry and lawyers are working on issues to come up with the authority.

Ajay Singh to decide on new investors in SpiceJet: Sun CFO

The restructuring scheme has been submitted to aviation ministry and we will wait for its nod to make further announcements, said SL Narayanan CFO, Sun Group.

Airline cos still groaning under debt; need capital: CRISIL

Airline companies have benefited from low crude prices of late, but crude is unlikely to stay below USD 60/barrel for long, feels Koparkar.

See Rs 700 cr/ pa fall in fuel bill on low ATF: SpiceJet

The low-cost airline will fly 230 flights per day till the company is recapitalized says Sanjiv Kapoor, COO of SpiceJet. The airline's market share has fallen to 14 percent from 21 percent.

Comfortable with exposure to SpiceJet: City Union Bank

The low-cost airline‘s operations came to a standstill on Wednesday after oil marketing companies did not supply jet fuel due to overdues.

Marans have aided SpiceJet to best of their ability:Grp CEO

In an interview to CNBC-TV18, Narayanan says the company has never defaulted on payments in the past and has infact paid more than Rs 3000 crore last fiscal for the same.

Govt pushing banks to rescue SpiceJet good move: Kapil Kaul

In an interview to CNBC-TV18, Kapil Kaul, south Asia chief executive of aviation consultancy CAPA said he is happy that the government is pushing banks to rescue Spicejet, as it was a bad decision to stop advance bookings.

Will be profitable by 2015; CFO on personal leave: SpiceJet

Sanjiv Kapoor, chief operating officer, SpiceJet says the company is looking for ways to recapitalize the low-cost carrier.

Discounted seats would have gone unsold: Sun Group

Sun Group CFO SL Narayanan says the low-cost airline is not reducing its effective revenue per seat kilometer. The inventory that is being put out for sale is highly controlled.

Discounted fares mainly to improve load factor: SpiceJet

SpiceJet announced that they are cutting fares by 75% in base fares for bookings made during February 24-26 to fill in seats during the lean season. Part of the “Super Summer Sale”, this offer is valid for travel between April 1 and June 30, 2014.

See threat from new cos; better civil aviation needed: Sun

SL Narayanan, group chief financial officer, Sun Group says that the company was hit by a double whammy of rupee depreciation and low traffic.

Pact unlikely to make any huge revenue impact: CAPA's Kaul

SpiceJet-Tigerair agreement is primarily a commercial one. It lacks potential of investment. There are fundamental issues with respect to investments in SpiceJet, so they need to do a lot more before an investor comes forward, says Kapil Kaul.

Not in talks with foreign cos at this point: Sun Group

In an interview to CNBC-TV18, SL Narayanan, Group CFO, Sun Group spoke about the company's earnings and the road ahead.

FIPB nod toTata-SIA JV will fuel growth: CAPA

thinks it is critical for other airlines like SpiceJet, GoAir etc to have such kind of joint-ventures so that they are well capitalised not only to finance their losses but also to have working capital.

Need 25-30% fare hike, falling demand a worry: SpiceJet

Airlines need to hike fares by 25-30 percent to combat high Aviation Turbine Fuel (ATF) or jet fuel prices but are unable to do so due to low demand, says SL Narayanan, group chief financial officer of Sun Group.

Muscat route addition to boost overseas profits: SpiceJet

Going forward share of international routes will furthers strengthen as the company has recently added Muscat in its list of destinations, says SL Narayanan, Group CFO, Sun Group.

Foreign players keen on SpiceJet; AirAsia no threat: CEO

Post theJet-Etihad deal, all eyes are set on Delhi-based SpiceJet. Despite strong rumours that the carrier is in talks with Qatar Airways for a potential stake sale, Neil Mills, the firm‘s CEO has clarified that though foreign players have evinced interest in the airline, he cannot confirm any name as of now.

AirAsia awaits DGCA's nod to fly high: Arun Bhatia

The finance ministry today cleared the investment proposal of Malaysian budget carrier AirAsia which seeks to enter India through a joint venture with Tata Group and another company. On the sideline of the development, Shereen Bhan spoke to Arun Bhatia of Telestra Tradeplace Pvt Ltd to get more insight on the development.

Q4 will be challenging quarter; expect low demand: SpiceJet

In an interview to CNBC-TV18, Neil Mills, cheif executive officer, SpiceJet gives his views on the airline's Q3 results.

SpiceJet is not desperate to sell stakes immediately: CEO

Shares of SpiceJet rose 6% after reports of Qatar Airways likely to pick up stakes in the carriers started doing rounds yesterday. However, the airline promptly notified to the exchanges that the news is speculative and not in the interest of the company.

Etihad deal to change market dynamics: ex director, Jet

The aviation sector will undergo drastic change after Etihad invests in the country, said Saroj K Datta, ex director at Jet Airways. The airline which confirmed that it is in talks with Etihad for a possible stake sale is in final stages of negotiations.