#Maran accuses #SpiceJet of wilfully defaulting on payment as directed by #SupremeCourt, claims outstanding dues of ₹393 cr from SpiceJet & moves fresh plea in #DelhiHighCourt.

Delhi HC agrees to hear Maran's fresh plea for 50% of revenue

Here's more https://t.co/9ADGxob7pn

#SpiceJet reports #Q4FY23 results

▶️Cons net loss at ₹6.2 cr vs loss of ₹485 cr (YoY)
▶️Cons revenue up 14.6% at ₹2,145 cr vs ₹1,871 cr (YoY)
▶️EBITDA loss at ₹15 cr vs loss of ₹317 cr (YoY) https://t.co/Snmk4Q9doO

#SpiceJet #Q1 results:

▶️Cons net profit at ₹197.6 cr vs loss of ₹783.7 cr (YoY)
▶️Cons revenue down 18.5% at ₹2,004 cr vs ₹2,457 cr (YoY)
▶️Cons EBITDA at ₹266 cr vs EBITDA loss of ₹400 cr (YoY)
▶️Margin at 13.2% (YoY)

#SpiceJet has challenged the Delhi High Court’s order upholding the arbitral award in the airline’s dispute with Sun Group Chairman Kalanithi Maran and Kal Airways, writes @BhavyataKagrana

#SpiceJet cites lack of funds before Delhi High Court for failure to pay arbitral dues to #Maran, invokes bankruptcy law, says Maran will become operational creditor if co becomes insolvent

SpiceJet likely to appeal Delhi HC’s refusal of interim relief in Supreme Court https://t.co/66zss3Muhm

Delhi High Court asks #SpiceJet to pay ₹100 cr to Kalanithi Maran by September 10. The High Court was hearing plea by Maran seeking 50% of airline’s daily revenue due to unpaid dues

#SpiceJet hasn't deposited #TDS of employees since #FY23 & has been delaying #salaries to senior employees by up to 3 weeks, sources to @madeehamedia

Here's more 👇 https://t.co/60oWQbmPNj

#SpiceJet to complete the payment of Rs 100 cr to Kalanithi Maran by today

Spicejet to pay $1.5 million to Credit Suisse as per court direction

Two investors likely to get onboard #SpiceJet; total fund infusion likely around ₹1,500 cr

#AkasaAir, #SpiceJet conduct inspections of #Boeing737Max fleet following DGCA directives

#SpiceJet says SpiceXpress has entered into a partnership with Star Air, and will hereon manage belly space capacity in Star Air's fleet of 9 aircraft

February Aviation Data | Domestic Airline Traffic Up 4.8% YoY & Down 3.7% MoM

▶️#IndiGo market share at 60.1% vs 60.2% (MoM)
▶️#AirIndia market share at 12.8% vs 12.2% (MoM)
▶️#SpiceJet market share at 5.2% vs 5.6% (MoM)

#DGCA Releases Summer Schedule 2024-

Per Week Departures-
#IndiGo - 13,050
#Vistara - 2,324
#AirIndia - 2,278
#SpiceJet - 1,657
#AIExpress - 1,239
#Akasa - 903

April Aviation Data |

#Domestic passenger traffic up 2.4% YoY at 13.2 million

▶️#IndiGo market share at 60.6% vs 60.5% (MoM)
▶️#SpiceJet market share at 6.17% vs 5.3% (MoM)

#SpiceJet Refutes Claims by KAL Airways and Kalanithi Maran, Labels Damages Claim as Baseless

SpiceJet strongly refutes the claims made by KAL Airways and Kalanithi Maran regarding seeking damages of Rs. 1323 crore.

These assertions are not only legally untenable but also a regurgitation of previously rejected claims by the Arbitral Tribunal and then the Delhi High Court.

Check-in systems down at #MumbaiAirport, down for #IndiGo, #Akasa & #SpiceJet

GoNow-the check in system is facing global outage since 10:45 AM

Mumbai Airport sources

Monitoring the situation around #SpiceJet, looking at all small issues in full detail

Looking at the demand, there is a need to have more functioning airlines in India; #airlines need to balance everything out

Aviation Minister, RamMNK Says

Delhi court refuses to interfere with single-judge's order directing #SpiceJet to ground three engines for defaulting on payment to French engine lessors

#Spicejet moves SC, challenges Delhi HC order grounding 3 engines

SpiceJet cites urgency before SC, cites possible impact on operations

SC to consider SpiceJet request for urgency

🚨 Sources Say, #SpiceJet To Raise ₹3,000 Cr Via #QIP At ₹61.6/Sh

*Lead Investors Include Discovery Fund, Plutus, Think Investments

*Lead Investors Include Tata MF & Bandhan Bank, Family Offices Of Akash Bhanshali