An Air India flight (AI127) scheduled to travel from New Delhi to Chicago on 15th October 2024 was suddenly diverted to Canada following a bomb threat. The aircraft, carrying 211 passengers and crew members, was forced to land at Iqaluit Airport in Canada as authorities reacted to a security alert issued via social media. The […]
SpiceJet’s recent Rs 3,000-crore fundraise has been approved by its shareholders, signaling a bold attempt to revive the airline amid a severe financial crisis. With the aim of stabilising its faltering operations, the airline plans to raise capital through various methods, including a Qualified Institutional Placement. This comes as SpiceJet battles legal disputes, grounded aircraft, […]
In what is being hailed as a landmark achievement in its ongoing financial restructuring efforts, SpiceJet, one of India’s leading airlines, has entered into a significant settlement agreement with Export Development Canada (EDC). This agreement marks a pivotal moment for SpiceJet, enabling the airline to clear substantial liabilities and embark on a path toward a […]
In a significant stride towards augmenting its service offerings and revenue, SpiceJet has announced the finalization of a lease agreement for two wide-body A340 aircraft, specifically aimed at enhancing its upcoming Haj operations. This move reflects the airline’s dedication to providing exceptional travel experiences for its passengers and underlines its strategy for financial growth. The […]
In a significant development for the airline industry, SpiceJet has announced the successful resolution of a $49.8 million dispute with Echelon Ireland Madison One Ltd., a move that underscores the airline’s commitment to financial prudence and operational excellence. This resolution results in substantial savings for the airline and strengthens its balance sheet, positioning SpiceJet for […]
SpiceJet, a major player in the aviation industry, and Celestial Aviation, a subsidiary of AerCap, one of the world’s largest aircraft lessor groups, have announced a mutual agreement to settle their dispute involving $29.9 million (approximately INR 250 Crore) through amicable negotiations, effectively avoiding the route of litigation. This resolution was communicated to the bench […]
Indian online travel tech giant, EaseMyTrip.com, has entered a general sales agreement (GSA) with SpiceJet Airline, one of India’s leading airlines. Under this agreement, which commences on August 1, 2023, EaseMyTrip.com will take on the responsibility of selling, promoting, and marketing passenger tickets along with other services and products of SpiceJet to customers in India. […]
Indian airline SpiceJet said that it has agreed to offload its cargo and logistics services to its subsidiary SpiceXpress and Logistics Pvt. Limited on a slump sale basis. The transfer of the business will be contingent on the approval of shareholders and other such approvals as needed. The cargo and logistics business of SpiceJet is […]
Indian domestic airline SpiceJet has inked a memorandum of understanding (MoU) with Avenue Capital Group for financing, acquisition, and sale and lease‐back of up to 50 new aircraft to be ordered by the former. The MoU outlines the next steps and conditions under which the US-based Avenue Capital Group will help with placing of SpiceJet’s […]