India’s budget airline SpiceJet has once again found itself in turbulence, with governance questions, operational mishaps, and mounting losses clouding its future . The company’s 2024-25 annual report, released this month, disclosed that chairman and managing director Ajay Singh had…
Delhi-based low-cost airline SpiceJet reported a profit after tax of Rs 1.5 billion for the quarter ended June 2024, reflecting a 26% increase over the 4Q24. The airline said in a statement without getting into details that this marks a…
An airline spokesperson said Delhi-based low-cost airline SpiceJet attracted the Abu Dhabi Investment Authority (ADIA), buying shares from the open market. Neither SpiceJet nor ADIA volunteered details of how many shares or what percentage of the low cost airline’s stake…
UPDATE – Delhi-based low-cost airline SpiceJet has reported a net profit of Rs 2.05 billion for the quarter ending June 2023. This is an increase of 126 percent as compared to a net loss of Rs-7.890 billion in Q1 FY2023.…
Delhi-based low-cost airline SpiceJet has restructured over $100 million outstanding dues to lessor Carlyle Aviation Partners (CAP). The lessor takes equity shares and compulsorily convertible debentures (CCDs), the airline announced on Monday. Once the transaction is completed, CAP will have over…
SpiceJet Results