SpiceJet shares rally over 8% on dispute settlement with Babcock & Brown Aircraft mgt
The airline has settled a $131.85 million dispute with its lessors for $22.5 million.
The airline has settled a $131.85 million dispute with its lessors for $22.5 million.
Budget airline recently raised ₹3,000 crore via QIP. It’ll also receive an additional ₹736 cr from a previous funding round
The ATF price has been reduced by almost ₹6,000 per kilolitre for the second month in a row in October.
The QIP attracted a diverse pool of top-tier institutional investors and mutual funds, including prominent names like Goldman Sachs (Singapore), BNP Paribas Financial Markets ODI, Morgan Stanley Asia.
Budget airline has not officially announced the QIP size yet but said its board has approved raising of up to ₹3,000 crore
SpiceJet will now face more frequent spot checks and night-time monitoring to ensure operational safety.
Budget airline shows signs of recovery though investors may not be happy with Q4 revenue at ₹1,719.37 cr against ₹2,144.85 crore a year ago, a 20% decline
The roof of the Delhi Airport Terminal 1 collapses a day after a similar collapse at the Jabalpur airport was reported; personally monitoring the situation, says MoS Naidu
Budget airline says KAL initially sought damages of over ₹1,300 crore during arbitration proceedings, which was rejected by a panel of three retired SC judges
Ajay Singh-led budget airline says the Delhi high court division bench recently ruled in its favour in share transfer case against former promoter