SpiceJet Ltd

(500285)

SpiceJet Shares Surge After New Flight Announcement - 10 Oct, 2024

SpiceJet's stock gained 4.9% following the announcement of new UDAN flights connecting Shivamogga with Chennai and Hyderabad, marking its first new station post Rs 3,000 crore QIP. This expansion aims to enhance tourism and trade.

SpiceJet Resolves Major Dispute, Stock Surges - 09 Oct, 2024

SpiceJet achieved a significant settlement with Babcock & Brown Aircraft Management for $22.5 million, reducing liabilities and improving financial stability. The airline also plans to expand its fleet, indicating a positive outlook for growth.

SpiceJet Announces Fleet Expansion and Stock Surge - 08 Oct, 2024

SpiceJet plans to invest Rs 400 crore to reactivate 36 grounded planes over 24 months. The airline will add 10 aircraft by November, boosting operations. Following these announcements, SpiceJet shares surged 9.5% after a successful QIP raised Rs 3,000 crore.

SpiceJet Raises Funds Amid Ongoing Challenges - 07 Oct, 2024

SpiceJet has raised Rs 3,000 crore through a Qualified Institutional Placement, settling salary and GST dues, yet continues to face operational challenges with a reduced fleet.

SpiceJet Faces Legal Issues Amid Financial Recovery - 05 Oct, 2024

SpiceJet has cleared salary and GST dues and deposited ten months of PF dues after raising Rs 3,000 crore. However, the airline faces an FIR for failing to credit Rs 65.7 crore in PF contributions, leading to a 4.25% drop in share price.

SpiceJet Clears Dues Amid Financial Recovery Efforts - 04 Oct, 2024

SpiceJet has made significant financial progress by clearing pending salary and GST dues, and depositing ten months of PF dues after raising Rs 3,000 crore through QIP. However, shares fell 4.25% due to ongoing financial challenges.

SpiceJet Shares Decline Amid Crude Price Concerns - 03 Oct, 2024

SpiceJet's stock fell 6.28% due to rising crude oil prices and geopolitical tensions. Plutus Wealth Management increased its stake by 0.58% through significant share acquisitions.

SpiceJet Faces Scrutiny Amid Financial Struggles - 02 Oct, 2024

SpiceJet's claim of commendation from the aviation ministry was disputed, raising concerns about its operational status. The airline, with under 30 aircraft operational, recently secured ₹3,000 crore funding to address financial issues and resume flights.

SpiceJet Gains Amid Stake Acquisition and Legal Challenges - 01 Oct, 2024

SpiceJet's stock saw gains following Plutus Wealth Management's stake acquisition and a government fuel price cut, despite ongoing legal challenges and financial issues. The airline's survival is supported by a significant fund, but its long-term viability remains in question.

SpiceJet Gains from Stake Acquisition Amid Legal Challenges - 30 Sep, 2024

SpiceJet faces legal scrutiny as the Delhi HC demands a response on aircraft engines. Meanwhile, Plutus Wealth Management's acquisition boosts share prices by 7.98%.

Foreign Institutional Investors Increase Stake in SpiceJet - 28 Sep, 2024

Foreign institutional investors raised their stake in SpiceJet from 1.81% to 25.12% in Q2FY25. Retail investors hold 31.80%, while promoters own 29.15%. The company reported revenue of Rs 1,696 crore and a net profit of Rs 150 crore in Q1FY25.

SpiceJet Raises Funds, Clears Dues Amid Share Drop - 27 Sep, 2024

SpiceJet successfully raised ₹3,000 crore through a QIP, clearing all GST dues and settling salary arrears. However, shares fell 4.61% after a major shareholder sold shares.

SpiceJet Resolves Salary Issues Amid Stake Sales - 26 Sep, 2024

SpiceJet has cleared pending salary dues following a Rs 3,000 crore capital infusion. Meanwhile, Carlyle Aviation and Societe Generale have reduced their stakes amid ongoing financial challenges for the airline.

SpiceJet Faces Stock Decline Amid Stake Sales and QIP - 25 Sep, 2024

SpiceJet's stock fell significantly due to stake sales by major investors and ongoing financial challenges. Despite raising Rs 3,000 crore through QIP and resolving disputes, investor confidence remains shaky.

SpiceJet Resolves Dispute Amid Market Share Decline - 24 Sep, 2024

SpiceJet resolves a long-standing legal dispute with ELFC, aiding restructuring efforts. However, the airline's market share has plummeted to 2.3%, causing a 3% drop in shares.

SpiceJet Raises Funds Amid Financial Challenges - 23 Sep, 2024

SpiceJet successfully raised ₹3,000 crore through a QIP, boosting its stock by 10%. The airline aims for 100 aircraft by 2026 but faces operational debt issues, with NCLT seeking a response over unpaid dues.

SpiceJet Secures Rs 3,000 Crore for Stability - 22 Sep, 2024

SpiceJet has successfully raised Rs 3,000 crore through a Qualified Institutional Placement, aimed at clearing dues and stabilizing operations amidst ongoing financial challenges and competition.

SpiceJet Secures Rs 3,000 Crore Through QIP - 21 Sep, 2024

SpiceJet successfully raised Rs 3,000 crore via a Qualified Institutional Placement, with funds aimed at settling dues and stabilizing operations amid ongoing financial challenges.

Supreme Court Ruling Adds Pressure on SpiceJet - 20 Sep, 2024

The Supreme Court upheld a ruling requiring SpiceJet to ground three engines for non-payment of lease dues, exacerbating the airline's financial struggles. SpiceJet is negotiating with lessors while facing scrutiny over its financial stability and operational disruptions.

SpiceJet's Share Sale Boosts Stock Amid Operational Challenges - 19 Sep, 2024

SpiceJet's shares rose over 8% following a successful Rs 3,000 crore share sale to institutional buyers, aimed at clearing significant statutory dues. However, operational issues persist, with frequent delays on international flights affecting customer reliance on the airline.