SpiceJet share price: The induction of the two Boeing 737 aircraft is another step in SpiceJet's efforts to expand capacity in a 'responsible' manner, the company's CBO said.
The new aircraft began their operations on November 26 and 29, respectively, before the crisis over IndiGo’s failure to implement FDTL norms caused massive flight disruptions across the country
SpiceJet share price: The sharp rise in the share price today came as the domestic airline plans to increase its operational fleet.
Industry sources say this arrangement shields SpiceJet from the major roster-disruptions faced by carriers relying wholly on India-based crew
SpiceJet employees are hoping that the company will follow the new labour rules laid out by the government, which mandates payment of salaries by the seventh of every month
The Directorate General of Civil Aviation issued an advisory to airlines asking them to avoid ash-affected flying zones and altitudes.
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The board of the cash-trapped airline approved the issuance of over 100 million equity shares at an issue price of Rs 42.32 per share in a meeting held on November 18
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Continued airspace restrictions negatively impacted operations and resulted in a sharp escalation in operating costs, further weighing on the quarter’s performance, says the low-cost carrier
With the launch of these flights, SpiceJet will be the only Indian airline to run flights to Najaf, proving a 'seamless travel experience', the company said
These new flights are in addition to the airline's existing services to Patna from Delhi, Mumbai, and Guwahati, as well as to Darbhanga from Bengaluru, Mumbai, and Delhi
Elara had sought a status quo from the SAT and pleaded that there is risk of appropriation and write off by the company.
The new rating follows two consecutive upgrades by Acuité Ratings & Research, showing growing confidence in the low-cost airline’s revival and growth strategy
The new aircraft will join the operations between October 10 and 11 as the low-cost airline seeks to ramp-up its fleet
Shares of Spicejet Ltd touched an intraday high of Rs 35.59 per share on the BSE, rising 7.56 percent.
The airline said the new flights, which will commence in a phased manner, will provide seamless access to tourists and devotees to the holy city and the Ram Temple during the festival of Diwali
Flights from Delhi to Phuket are set to commence on October 31, 2025, while services from Mumbai will begin on November 6, 2025
In a statement, Acuité, a SEBI-registered credit rating agency, highlighted that SpiceJet's ongoing fleet expansion, successful settlement agreements with key lessors, and robust operational plans were key drivers behind the upgrade
As on September 15, SpiceJet had 19 aircraft in operation out of the total fleet of 53 planes, according to information available on fleet tracking website Planespotter.com.
The airline signed lease agreements for the new aircraft, taking its total fleet capacity to 18 to meet the growing demand in the months ahead, the low-cost carrier said
SpiceJet employees drawing a salary of up to Rs 55,000 per month have received payment for August, while the rest of the staff has not been paid yet.
The airline in its statement said that this marks the closure of a long-standing liability that pre-dates the tenure of its current promoter.
SpiceJet share price: Elara Capital cut its target price for the stock by more than 37 percent to Rs 39 per share after the release of the results, while maintaining its ‘Accumulate’ rating