SPICEJET
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Recent events
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India's Spicejet rises on leasing 5 more Boeing 737s
** Spicejet SPJT.BO rises 2% to 35 rupees
** Airline finalises lease agreement for five more Boeing BA.N 737 aircraft, taking total new fleet additions to 10
** Deliveries to begin by early October
** Co in talks to lease more ahead of winter schedule
** YTD, SPJT falls 37%
(Reporting by Urvi Dugar)
** Spicejet SPJT.BO rises 2% to 35 rupees
** Airline finalises lease agreement for five more Boeing BA.N 737 aircraft, taking total new fleet additions to 10
** Deliveries to begin by early October
** Co in talks to lease more ahead of winter schedule
** YTD, SPJT falls 37%
(Reporting by Urvi Dugar)
Pilot union objects to India's call for global code of conduct on pilot poaching
Pilot body opposes India's global hiring code proposal
ALPA India cites poor working conditions as one reason for talent drain
India's aviation market growth hindered by shortage of experienced pilots
NEW DELHI, Aug 11 (Reuters) - A pilot union has objected to the Indian government's call for a global code of conduct on countries hiring each other's airline staff, saying the move is contrary to international norms on employment and risks creating conditions of "bonded labour".
Reuters reported last week that India had raised concerns with the International Civil Aviation Organization, the U.N.'s aviation agency, on worries that its fast-growing aviation market was being impeded by the poaching of Indian pilots and cabin crew without adequate notice.
A booming aviation market is seen as key to supporting Prime Minister Narendra Modi's aviation goals, but India is short of experienced pilots.
Indian government rules mandate a minimum notice period of six months for pilots and a no-objection certificate from an airline for them to join a rival. Those strict rules are currently being challenged by pilot bodies in court.
In the working paper Reuters cited, India asked for the creation of a code of conduct on the movement of skilled aviation workers among ICAO's member countries. The paper didn't specify how the code of conduct would work.
In a letter sent on Friday to India civil aviation minister Ram Mohan Naidu, the head of Airline Pilots' Association of India (ALPA India) said the working paper misdiagnosed the outflow of aviation talent. ALPA India attributed the drain to factors such as poor working conditions, a lack of job security, limited career growth opportunities and an absence of standardized pay structures at airlines.
"Targeting outbound employment from India sets a dangerous precedent and is inconsistent with ICAO's principles of consensus, collaboration and international workforce mobility," ALPA India president Sam Thomas said in the letter, which was also published on the pilot union's X account. The body represents about 1,100 pilots in India.
Naidu's office was not immediately available for a comment.
Thomas urged Naidu to withdraw the working paper and call for an urgent consultative meeting with ALPA India and other stakeholders to discuss solutions to workforce challenges and prioritize reforms in working conditions and pay.
(Reporting by Abhijith Ganapavaram; Editing by Hugh Lawson)
((Email: [email protected]; Mobile: +91-9019785574;))
Pilot body opposes India's global hiring code proposal
ALPA India cites poor working conditions as one reason for talent drain
India's aviation market growth hindered by shortage of experienced pilots
NEW DELHI, Aug 11 (Reuters) - A pilot union has objected to the Indian government's call for a global code of conduct on countries hiring each other's airline staff, saying the move is contrary to international norms on employment and risks creating conditions of "bonded labour".
Reuters reported last week that India had raised concerns with the International Civil Aviation Organization, the U.N.'s aviation agency, on worries that its fast-growing aviation market was being impeded by the poaching of Indian pilots and cabin crew without adequate notice.
A booming aviation market is seen as key to supporting Prime Minister Narendra Modi's aviation goals, but India is short of experienced pilots.
Indian government rules mandate a minimum notice period of six months for pilots and a no-objection certificate from an airline for them to join a rival. Those strict rules are currently being challenged by pilot bodies in court.
In the working paper Reuters cited, India asked for the creation of a code of conduct on the movement of skilled aviation workers among ICAO's member countries. The paper didn't specify how the code of conduct would work.
In a letter sent on Friday to India civil aviation minister Ram Mohan Naidu, the head of Airline Pilots' Association of India (ALPA India) said the working paper misdiagnosed the outflow of aviation talent. ALPA India attributed the drain to factors such as poor working conditions, a lack of job security, limited career growth opportunities and an absence of standardized pay structures at airlines.
"Targeting outbound employment from India sets a dangerous precedent and is inconsistent with ICAO's principles of consensus, collaboration and international workforce mobility," ALPA India president Sam Thomas said in the letter, which was also published on the pilot union's X account. The body represents about 1,100 pilots in India.
Naidu's office was not immediately available for a comment.
Thomas urged Naidu to withdraw the working paper and call for an urgent consultative meeting with ALPA India and other stakeholders to discuss solutions to workforce challenges and prioritize reforms in working conditions and pay.
(Reporting by Abhijith Ganapavaram; Editing by Hugh Lawson)
((Email: [email protected]; Mobile: +91-9019785574;))
India aviation watchdog finds 263 lapses at Indian airlines in annual audit
NEW DELHI, July 30 (Reuters) - India's aviation regulator said on Wednesday it had found 263 safety-related lapses at the country's airlines, including 23 at the largest carrier IndiGo and 51 at the second largest Air India, as part of its regular annual audit.
The audits were carried out as part of International Civil Aviation Organization requirements and global best practices, the Directorate General of Civil Aviation (DGCA) said on Wednesday, cautioning that higher number of findings are normal for airlines with bigger fleet sizes.
Reuters reported on Tuesday that DGCA had found 51 safety lapses at Air India in its July audit, including lack of adequate training for some pilots, use of unapproved simulators and a poor rostering system. The audit was not related to the deadly Boeing 787 crash last month that killed 260 people in Ahmedabad.
The DGCA said it had also found 14 deficiencies at SpiceJet and 17 at Vistara, which is now part of Air India. The regulator found 25 lapses at Air India Express, Air India's budget carrier. Akasa Air is yet to be audited.
The regulator did not detail what kind of lapses were found but divided the list of breaches into "Level I", which are significant breaches, and "Level II", which are other non-compliances. In total, 19 "Level I" breaches were found at Indian airlines, the DGCA said.
(Reporting by Abhijith Ganapavaram; Editing by Kim Coghill)
((Email: [email protected]; Mobile: +91-9019785574;))
NEW DELHI, July 30 (Reuters) - India's aviation regulator said on Wednesday it had found 263 safety-related lapses at the country's airlines, including 23 at the largest carrier IndiGo and 51 at the second largest Air India, as part of its regular annual audit.
The audits were carried out as part of International Civil Aviation Organization requirements and global best practices, the Directorate General of Civil Aviation (DGCA) said on Wednesday, cautioning that higher number of findings are normal for airlines with bigger fleet sizes.
Reuters reported on Tuesday that DGCA had found 51 safety lapses at Air India in its July audit, including lack of adequate training for some pilots, use of unapproved simulators and a poor rostering system. The audit was not related to the deadly Boeing 787 crash last month that killed 260 people in Ahmedabad.
The DGCA said it had also found 14 deficiencies at SpiceJet and 17 at Vistara, which is now part of Air India. The regulator found 25 lapses at Air India Express, Air India's budget carrier. Akasa Air is yet to be audited.
The regulator did not detail what kind of lapses were found but divided the list of breaches into "Level I", which are significant breaches, and "Level II", which are other non-compliances. In total, 19 "Level I" breaches were found at Indian airlines, the DGCA said.
(Reporting by Abhijith Ganapavaram; Editing by Kim Coghill)
((Email: [email protected]; Mobile: +91-9019785574;))
Spicejet Finalises Lease Agreement To Induct Five Boeing 737 Aircraft
July 25 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET LTD - FINALISES LEASE AGREEMENT TO INDUCT FIVE BOEING 737 AIRCRAFT
SPICEJET LTD - AIRCRAFT TO JOIN FLEET IN OCTOBER 2025 UNDER DAMP LEASE ARRANGEMENT
SPICEJET LTD - AIRLINE IN ACTIVE TALKS WITH ADDITIONAL LESSORS TO FURTHER BOOST CAPACITY
Source text: [ID:]
Further company coverage: SPJT.BO
(([email protected];;))
July 25 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET LTD - FINALISES LEASE AGREEMENT TO INDUCT FIVE BOEING 737 AIRCRAFT
SPICEJET LTD - AIRCRAFT TO JOIN FLEET IN OCTOBER 2025 UNDER DAMP LEASE ARRANGEMENT
SPICEJET LTD - AIRLINE IN ACTIVE TALKS WITH ADDITIONAL LESSORS TO FURTHER BOOST CAPACITY
Source text: [ID:]
Further company coverage: SPJT.BO
(([email protected];;))
India's SpiceJet rises after report top court rejects former owner's damage claims against co
** India's SpiceJet SPJT.BO gains 2.2% to 38.88 rupees
** Supreme court of India rejected 13 billion rupees ($150.5 million) damage claims filed by the budget airline's former owner Kalanithi Maran and KAL Airways against SPJT, ETNow reports
** SPJT did not immediately respond to Reuters' request for comment
** Avg rating on SPJT at "hold"; median PT is 48 rupees - data compiled by LSEG
** Stock trims YTD losses to ~30%
($1 = 86.3850 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru)
** India's SpiceJet SPJT.BO gains 2.2% to 38.88 rupees
** Supreme court of India rejected 13 billion rupees ($150.5 million) damage claims filed by the budget airline's former owner Kalanithi Maran and KAL Airways against SPJT, ETNow reports
** SPJT did not immediately respond to Reuters' request for comment
** Avg rating on SPJT at "hold"; median PT is 48 rupees - data compiled by LSEG
** Stock trims YTD losses to ~30%
($1 = 86.3850 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru)
SpiceJet Receives First Two Overhauled Engines From StandardAero
July 3 (Reuters) - SpiceJet Ltd SPJT.BO:
RECEIVES FIRST TWO OVERHAULED ENGINES FROM STANDARDAERO
EXPECTS A STEADY FLOW OF ENGINES IN COMING MONTHS
SUCCESSFULLY UNGROUNDS ANOTHER BOEING 737 NG AIRCRAFT
Source text: ID:nBSEg9yxY
Further company coverage: SPJT.BO
(([email protected];;))
July 3 (Reuters) - SpiceJet Ltd SPJT.BO:
RECEIVES FIRST TWO OVERHAULED ENGINES FROM STANDARDAERO
EXPECTS A STEADY FLOW OF ENGINES IN COMING MONTHS
SUCCESSFULLY UNGROUNDS ANOTHER BOEING 737 NG AIRCRAFT
Source text: ID:nBSEg9yxY
Further company coverage: SPJT.BO
(([email protected];;))
Indian airline stocks gain on crude price drop after Iran-Israel ceasefire
** Shares of Indian airlines IndiGo INGL.NS and SpiceJet SPJT.BO climb 3.5% each
** Crude oil prices fell as U.S. President Donald Trump announced a ceasefire between Iran and Israel, relieving worries of supply disruption O/R
** Crude prices have tumbled more than 9% over the last two sessions after Iran refrained from disrupting oil supplies through the Strait of Hormuz
** Crude prices impact Indian airlines as it is the key component of jet fuel
** YTD, INGL up ~24% vs SPJT's 24% decline
(Reporting by Kashish Tandon in Bengaluru)
** Shares of Indian airlines IndiGo INGL.NS and SpiceJet SPJT.BO climb 3.5% each
** Crude oil prices fell as U.S. President Donald Trump announced a ceasefire between Iran and Israel, relieving worries of supply disruption O/R
** Crude prices have tumbled more than 9% over the last two sessions after Iran refrained from disrupting oil supplies through the Strait of Hormuz
** Crude prices impact Indian airlines as it is the key component of jet fuel
** YTD, INGL up ~24% vs SPJT's 24% decline
(Reporting by Kashish Tandon in Bengaluru)
Indian airline SpiceJet rebounds on quarterly profit surge
** Shares of India's SpiceJet SPJT.BO up 3% at 45 rupees, recovering from a 2% decline in the previous session
** During the weekend, the budget carrier reported Q4 PAT, which more than doubled y/y
** Airline also posted full-fiscal net profit for the first time in seven years
** Stock down ~19%, YTD
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's SpiceJet SPJT.BO up 3% at 45 rupees, recovering from a 2% decline in the previous session
** During the weekend, the budget carrier reported Q4 PAT, which more than doubled y/y
** Airline also posted full-fiscal net profit for the first time in seven years
** Stock down ~19%, YTD
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Spicejet Updates On Fleet Reactivation
May 9 (Reuters) - Spicejet Ltd SPJT.BO:
UPDATE ON FLEET REACTIVATION - UNGROUNDING OF BOEING 737 NG AIRCRAFT
SUCCESSFULLY REACTIVATES BOEING 737 NG AIRCRAFT VT-SGV
Source text: ID:nBSE62bN5J
Further company coverage: SPJT.BO
(([email protected];;))
May 9 (Reuters) - Spicejet Ltd SPJT.BO:
UPDATE ON FLEET REACTIVATION - UNGROUNDING OF BOEING 737 NG AIRCRAFT
SUCCESSFULLY REACTIVATES BOEING 737 NG AIRCRAFT VT-SGV
Source text: ID:nBSE62bN5J
Further company coverage: SPJT.BO
(([email protected];;))
UPDATE 10-Airlines re-route, cancel flights due to India-Pakistan fighting
India-Pakistan conflict disrupts commercial flights
Pakistan says 57 planes were overhead when India struck
Airlines face growing operational headaches
Updates story to show video is available for media subscribers
By Abhijith Ganapavaram, Ben Blanchard and Ariba Shahid
TAIPEI/NEW DELHI, May 7 (Reuters) - Airlines including United Airlines and Korean Air re-routed or cancelled flights and about a dozen Indian airports were shut on Wednesday after India struck nine sites in Pakistan, raising fears of an escalation.
India attacked Pakistani Kashmir and Pakistan said it had shot down five Indian fighter jets in the flare-up, which followed an attack by Islamist militants that killed 26 people in Indian Kashmir last month. India said it hit "terrorist infrastructure" related to the tourist killings. Pakistan rejects that it has such camps on its territory.
Images from flight tracking websites showed a long line of airlines passing over Oman, UAE and Kuwait after the attack, raising the possibility of airspace congestion.
Authorities in Pakistan said 57 international flights were in the country's airspace when India struck. Prime Minister Shehbaz Sharif's office said India's action "caused grave danger to commercial airlines" belonging to Gulf countries and "endangered lives".
India's civil aviation ministry did not immediately respond to a request for comment on Pakistan's remarks.
In the last few days, India and Pakistan had shut their airspaces to each other's airlines. Global airlines like Lufthansa LHAG.DE have also been avoiding Pakistan's airspace.
"If the conflict continues, there is a chance that Pakistan could impose a full airspace closure, as they did from Feb. to Aug. 2019 under similar circumstances," aviation advisory body OPSGROUP said in a blog post published Wednesday.
Domestic flights in both countries were also disrupted. Three percent of scheduled flights in India and 17% of scheduled flights in Pakistan were cancelled as of 1030 GMT, according to Flightradar24.
India's top airline IndiGo said it was cancelling 165 flights till Saturday morning. Its shares were down 1.1%. Flights belonging to Air India, SpiceJet and Akasa Air were also cancelled.
Pakistan said its airspace was open following closure after the attacks and that its airports were "fully functional."
Images from FlightRadar24 showed some civilian jets flying over Pakistan airspace but India's northwest continued to be deserted.
GPS SPOOFING CONCERN
The changing airline schedules are set to further complicate operations in the Middle East and South Asia regions for carriers, which are already grappling with the fallout from conflicts in the two regions.
A spokesperson for Dutch airline KLM said it was not flying over Pakistan until further notice. Singapore Airlines SIAL.SI said it had stopped flying over Pakistani airspace since May 6.
Korean Air 003490.KS said it had begun rerouting its Seoul Incheon–Dubai flights on Wednesday, opting for a southern route that passes over Myanmar, Bangladesh, and India, instead of the previous path through Pakistani airspace.
United Airlines said it had cancelled its flight to Delhi, citing in part "airspace limitations". The U.S. airline operates one direct flight from Newark to New Delhi.
American Airlines AAL.O said it made adjustments to its operations to New Delhi and would allow customers impacted by the changes to change their plans without charge.
Thai Airways THAI.BK said flights to destinations in Europe and South Asia would be rerouted starting early on Wednesday morning, while Taiwan's China Airlines 2610.TW said flights to and from destinations including London, Frankfurt and Rome had been disrupted.
Flights from India to Europe were also seen taking longer routes. Lufthansa flight LH761 from Delhi to Frankfurt took about half an hour more to reach its destination compared to Tuesday, according to FlightRadar24.
The Association of Asia Pacific Airlines voiced concern over the impact of conflicts on airline operations.
"Apart from cost and operational disruption, there are safety concerns as GPS spoofing interfering with flight operations over conflict zones is one of the highest risks the industry faces," it said in a statement.
GPS spoofing is a malicious technique that manipulates Global Positioning System (GPS) data, which can send commercial airliners off course.
(Reporting by Ben Blanchard, Abhijith Ganapavaram, Dan Catchpole and Ariba Shahid; Additional reporting by Joanna Plucinska in London, Jin Hyun Joo in Seoul, Khanh Vu in Hanoi, Bart Meijer, Shivansh Tiwary and Jun Yuan Yong; Editing by Michael Perry, Raju Gopalakrishnan and Philippa Fletcher)
(([email protected];))
India-Pakistan conflict disrupts commercial flights
Pakistan says 57 planes were overhead when India struck
Airlines face growing operational headaches
Updates story to show video is available for media subscribers
By Abhijith Ganapavaram, Ben Blanchard and Ariba Shahid
TAIPEI/NEW DELHI, May 7 (Reuters) - Airlines including United Airlines and Korean Air re-routed or cancelled flights and about a dozen Indian airports were shut on Wednesday after India struck nine sites in Pakistan, raising fears of an escalation.
India attacked Pakistani Kashmir and Pakistan said it had shot down five Indian fighter jets in the flare-up, which followed an attack by Islamist militants that killed 26 people in Indian Kashmir last month. India said it hit "terrorist infrastructure" related to the tourist killings. Pakistan rejects that it has such camps on its territory.
Images from flight tracking websites showed a long line of airlines passing over Oman, UAE and Kuwait after the attack, raising the possibility of airspace congestion.
Authorities in Pakistan said 57 international flights were in the country's airspace when India struck. Prime Minister Shehbaz Sharif's office said India's action "caused grave danger to commercial airlines" belonging to Gulf countries and "endangered lives".
India's civil aviation ministry did not immediately respond to a request for comment on Pakistan's remarks.
In the last few days, India and Pakistan had shut their airspaces to each other's airlines. Global airlines like Lufthansa LHAG.DE have also been avoiding Pakistan's airspace.
"If the conflict continues, there is a chance that Pakistan could impose a full airspace closure, as they did from Feb. to Aug. 2019 under similar circumstances," aviation advisory body OPSGROUP said in a blog post published Wednesday.
Domestic flights in both countries were also disrupted. Three percent of scheduled flights in India and 17% of scheduled flights in Pakistan were cancelled as of 1030 GMT, according to Flightradar24.
India's top airline IndiGo said it was cancelling 165 flights till Saturday morning. Its shares were down 1.1%. Flights belonging to Air India, SpiceJet and Akasa Air were also cancelled.
Pakistan said its airspace was open following closure after the attacks and that its airports were "fully functional."
Images from FlightRadar24 showed some civilian jets flying over Pakistan airspace but India's northwest continued to be deserted.
GPS SPOOFING CONCERN
The changing airline schedules are set to further complicate operations in the Middle East and South Asia regions for carriers, which are already grappling with the fallout from conflicts in the two regions.
A spokesperson for Dutch airline KLM said it was not flying over Pakistan until further notice. Singapore Airlines SIAL.SI said it had stopped flying over Pakistani airspace since May 6.
Korean Air 003490.KS said it had begun rerouting its Seoul Incheon–Dubai flights on Wednesday, opting for a southern route that passes over Myanmar, Bangladesh, and India, instead of the previous path through Pakistani airspace.
United Airlines said it had cancelled its flight to Delhi, citing in part "airspace limitations". The U.S. airline operates one direct flight from Newark to New Delhi.
American Airlines AAL.O said it made adjustments to its operations to New Delhi and would allow customers impacted by the changes to change their plans without charge.
Thai Airways THAI.BK said flights to destinations in Europe and South Asia would be rerouted starting early on Wednesday morning, while Taiwan's China Airlines 2610.TW said flights to and from destinations including London, Frankfurt and Rome had been disrupted.
Flights from India to Europe were also seen taking longer routes. Lufthansa flight LH761 from Delhi to Frankfurt took about half an hour more to reach its destination compared to Tuesday, according to FlightRadar24.
The Association of Asia Pacific Airlines voiced concern over the impact of conflicts on airline operations.
"Apart from cost and operational disruption, there are safety concerns as GPS spoofing interfering with flight operations over conflict zones is one of the highest risks the industry faces," it said in a statement.
GPS spoofing is a malicious technique that manipulates Global Positioning System (GPS) data, which can send commercial airliners off course.
(Reporting by Ben Blanchard, Abhijith Ganapavaram, Dan Catchpole and Ariba Shahid; Additional reporting by Joanna Plucinska in London, Jin Hyun Joo in Seoul, Khanh Vu in Hanoi, Bart Meijer, Shivansh Tiwary and Jun Yuan Yong; Editing by Michael Perry, Raju Gopalakrishnan and Philippa Fletcher)
(([email protected];))
Spicejet Extending Waivers On Rescheduling And Cancellations For Travel To And From Srinagar
April 23 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET LTD - EXTENDING WAIVERS ON RESCHEDULING AND CANCELLATIONS FOR TRAVEL TO AND FROM SRINAGAR, VALID UNTIL APRIL 30
SPICEJET LTD - OPERATING AN ADDITIONAL FLIGHT FROM SRINAGAR TO DELHI ON APRIL 23
Source text: [ID:]
Further company coverage: SPJT.BO
(([email protected];;))
April 23 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET LTD - EXTENDING WAIVERS ON RESCHEDULING AND CANCELLATIONS FOR TRAVEL TO AND FROM SRINAGAR, VALID UNTIL APRIL 30
SPICEJET LTD - OPERATING AN ADDITIONAL FLIGHT FROM SRINAGAR TO DELHI ON APRIL 23
Source text: [ID:]
Further company coverage: SPJT.BO
(([email protected];;))
SpiceJet Successfully Renews IATA IOSA Certification
March 28 (Reuters) - SpiceJet Ltd SPJT.BO:
SUCCESSFULLY RENEWS IATA IOSA CERTIFICATION
Source text: ID:nBSE20WZQG
Further company coverage: SPJT.BO
(([email protected];;))
March 28 (Reuters) - SpiceJet Ltd SPJT.BO:
SUCCESSFULLY RENEWS IATA IOSA CERTIFICATION
Source text: ID:nBSE20WZQG
Further company coverage: SPJT.BO
(([email protected];;))
SpiceJet Resolves Dispute With Willis Lease
March 27 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET LTD- RESOLVES DISPUTE WITH WILLIS LEASE
Source text: [ID:]
Further company coverage: SPJT.BO
(([email protected];))
March 27 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET LTD- RESOLVES DISPUTE WITH WILLIS LEASE
Source text: [ID:]
Further company coverage: SPJT.BO
(([email protected];))
SpiceJet Expands Domestic Network With 24 New Flights For Summer 2025
March 26 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET LTD - EXPANDS DOMESTIC NETWORK WITH 24 NEW FLIGHTS FOR SUMMER 2025
Source text: [ID:]
Further company coverage: SPJT.BO
(([email protected];))
March 26 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET LTD - EXPANDS DOMESTIC NETWORK WITH 24 NEW FLIGHTS FOR SUMMER 2025
Source text: [ID:]
Further company coverage: SPJT.BO
(([email protected];))
Spicejet Announces Successful Fund Infusion Of 2.94 Billion Rupees By Promoter Group, Raising Stake To 33.47% - Statement
March 19 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET ANNOUNCES SUCCESSFUL FUND INFUSION OF 2.94 BILLION RUPEES BY PROMOTER GROUP, RAISING STAKE TO 33.47% - STATEMENT
Source text: [ID:]
Further company coverage: SPJT.BO
(([email protected];))
March 19 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET ANNOUNCES SUCCESSFUL FUND INFUSION OF 2.94 BILLION RUPEES BY PROMOTER GROUP, RAISING STAKE TO 33.47% - STATEMENT
Source text: [ID:]
Further company coverage: SPJT.BO
(([email protected];))
Spicejet Says Spice Healthcare Exercised Option Of Converting Warrants Into Shares
March 17 (Reuters) - Spicejet Ltd SPJT.BO:
SPICE HEALTHCARE EXERCISED OPTION OF CONVERTING WARRANTS INTO SHARES
PROMOTER AJAY SINGH TO DISPOSE UPTO 31.5 MILLION SHARES
PROMOTERS GROUP SHAREHOLDING TO INCREASE FROM 29.11% TO 33.47%
Source text: ID:nBSE5H02wr
Further company coverage: SPJT.BO
(([email protected];;))
March 17 (Reuters) - Spicejet Ltd SPJT.BO:
SPICE HEALTHCARE EXERCISED OPTION OF CONVERTING WARRANTS INTO SHARES
PROMOTER AJAY SINGH TO DISPOSE UPTO 31.5 MILLION SHARES
PROMOTERS GROUP SHAREHOLDING TO INCREASE FROM 29.11% TO 33.47%
Source text: ID:nBSE5H02wr
Further company coverage: SPJT.BO
(([email protected];;))
Indian airline stocks gain on budget proposal to boost regional air travel
Corrects route count to 120 from 140 in bullet 2
** Shares of Indian airlines SpiceJet Ltd SPJT.BO and IndiGo operator Interglobe Aviation INGL.NS rise as much as 5.2% and 2.2%, respectively
** India Finance Minister Nirmala Sitharaman in union budget proposes to add 120 new routes to its regional connectivity scheme
** SPJT last up 3%, INGL up 0.8%
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
Corrects route count to 120 from 140 in bullet 2
** Shares of Indian airlines SpiceJet Ltd SPJT.BO and IndiGo operator Interglobe Aviation INGL.NS rise as much as 5.2% and 2.2%, respectively
** India Finance Minister Nirmala Sitharaman in union budget proposes to add 120 new routes to its regional connectivity scheme
** SPJT last up 3%, INGL up 0.8%
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
SpiceJet To Re-Induct First Grounded 737 Max Aircraft Into Service
Jan 28 (Reuters) - Spicejet Ltd SPJT.BO:
TO RE-INDUCT FIRST GROUNDED 737 MAX AIRCRAFT INTO SERVICE
AIRCRAFT TO RESUME OPERATIONS ON 29TH JANUARY, 2025
ENTERED INTO SERVICES AGREEMENTS WITH STANDARDAERO INC
AIMS TO BRING TEN AIRCRAFT, INCLUDING FOUR BOEING 737 MAX PLANES, BACK INTO SERVICE BY MID-APRIL 2025
Source text: [ID:]
Further company coverage: SPJT.BO
(([email protected];))
Jan 28 (Reuters) - Spicejet Ltd SPJT.BO:
TO RE-INDUCT FIRST GROUNDED 737 MAX AIRCRAFT INTO SERVICE
AIRCRAFT TO RESUME OPERATIONS ON 29TH JANUARY, 2025
ENTERED INTO SERVICES AGREEMENTS WITH STANDARDAERO INC
AIMS TO BRING TEN AIRCRAFT, INCLUDING FOUR BOEING 737 MAX PLANES, BACK INTO SERVICE BY MID-APRIL 2025
Source text: [ID:]
Further company coverage: SPJT.BO
(([email protected];))
ASI Industries Acquires Equity Shares Of SpiceJet
Jan 16 (Reuters) - ASI Industries Ltd ANDU.BO:
ACQUIRES EQUITY SHARES OF SPICEJET
TOTAL COST OF ACQUISITION 39.2 MILLION RUPEES
Source text: ID:nBSE7GHzPn
Further company coverage: ANDU.BO
(([email protected];;))
Jan 16 (Reuters) - ASI Industries Ltd ANDU.BO:
ACQUIRES EQUITY SHARES OF SPICEJET
TOTAL COST OF ACQUISITION 39.2 MILLION RUPEES
Source text: ID:nBSE7GHzPn
Further company coverage: ANDU.BO
(([email protected];;))
Spicejet To Unground 10 Aircraft By Mid-April 2025
Jan 10 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET TO UNGROUND 10 AIRCRAFT BY MID-APRIL 2025
Source text: [ID:]
Further company coverage: SPJT.BO
(([email protected];;))
Jan 10 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET TO UNGROUND 10 AIRCRAFT BY MID-APRIL 2025
Source text: [ID:]
Further company coverage: SPJT.BO
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Dense smog shrouds Indian capital, threatening to disrupt flights
NEW DELHI, Jan 3 (Reuters) - Thick smog engulfed the Indian capital on Friday, prompting warnings of possible flight disruptions from airport and airline officials, as worsening air quality cut visibility to zero in some areas.
Delhi, which has been battling smog and poor air quality since the beginning of winter, ranked third among the world's most polluted capitals in Friday's live rankings by Swiss group IQAir.
No diversion or cancellation has been reported yet, an airport spokesperson said, although authorities warned in a post on X that aircraft lacking equipment to enable landings in low visibility could face difficulties.
On social media, India's largest airline IndiGo and low-cost carrier Spicejet also cautioned against weather delays.
Delays averaged eight minutes for 20 flights by 10:14 a.m., aviation website FlightRadar24 said.
Some train services in the capital were also delayed, media said.
New Delhi's air quality was rated "very poor" on Friday, with an index score of 351, the country's top pollution control body said, well beyond the levels from zero to 50 that it considers "good".
(Reporting by Shanima A in Bengaluru; additional reporting by Tanvi Mehta in New Delhi; Editing by Sudipto Ganguly and Clarence Fernandez)
(([email protected]; (Direct: +91 72 5956 7774);))
NEW DELHI, Jan 3 (Reuters) - Thick smog engulfed the Indian capital on Friday, prompting warnings of possible flight disruptions from airport and airline officials, as worsening air quality cut visibility to zero in some areas.
Delhi, which has been battling smog and poor air quality since the beginning of winter, ranked third among the world's most polluted capitals in Friday's live rankings by Swiss group IQAir.
No diversion or cancellation has been reported yet, an airport spokesperson said, although authorities warned in a post on X that aircraft lacking equipment to enable landings in low visibility could face difficulties.
On social media, India's largest airline IndiGo and low-cost carrier Spicejet also cautioned against weather delays.
Delays averaged eight minutes for 20 flights by 10:14 a.m., aviation website FlightRadar24 said.
Some train services in the capital were also delayed, media said.
New Delhi's air quality was rated "very poor" on Friday, with an index score of 351, the country's top pollution control body said, well beyond the levels from zero to 50 that it considers "good".
(Reporting by Shanima A in Bengaluru; additional reporting by Tanvi Mehta in New Delhi; Editing by Sudipto Ganguly and Clarence Fernandez)
(([email protected]; (Direct: +91 72 5956 7774);))
Spicejet Enters Services Agreement With StandardAero
Dec 20 (Reuters) - Spicejet Ltd SPJT.BO:
ENTERS SERVICES AGREEMENT WITH STANDARDAERO
COLLABORATION TO RESTORE SPICEJET'S GROUNDED 737-8 MAX FLEET
THREE 737 MAX AIRCRAFT TO RETURN TO SERVICE BY APRIL 2025
Source text: ID:nBSE9bSblV
Further company coverage: SPJT.BO
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Dec 20 (Reuters) - Spicejet Ltd SPJT.BO:
ENTERS SERVICES AGREEMENT WITH STANDARDAERO
COLLABORATION TO RESTORE SPICEJET'S GROUNDED 737-8 MAX FLEET
THREE 737 MAX AIRCRAFT TO RETURN TO SERVICE BY APRIL 2025
Source text: ID:nBSE9bSblV
Further company coverage: SPJT.BO
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India's SpiceJet jumps on settlement of $16 mln dispute with Genesis
** Shares of Indian budget carrier SpiceJet SPJT.BO rise 8% to 60 rupees, its biggest intraday gain since Oct 8
** Co on Thursday said it reached a settlement with Genesis, resolving their over $16 million dispute
** Under the agreement, co will pay Genesis $6 mln and Genesis will acquire $4 mln in co's equity
** Stock set to snap a three-day losing streak
** Stock up ~1% so far in 2024
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** Shares of Indian budget carrier SpiceJet SPJT.BO rise 8% to 60 rupees, its biggest intraday gain since Oct 8
** Co on Thursday said it reached a settlement with Genesis, resolving their over $16 million dispute
** Under the agreement, co will pay Genesis $6 mln and Genesis will acquire $4 mln in co's equity
** Stock set to snap a three-day losing streak
** Stock up ~1% so far in 2024
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
Spicejet Secures Rights To Operate Haj Flights From Four Indian Cities In 2025
Dec 2 (Reuters) - Spicejet Ltd SPJT.BO:
SECURES RIGHTS TO OPERATE HAJ FLIGHTS FROM FOUR INDIAN CITIES IN 2025
EXPECTS REVENUE OF 1.85 BILLION RUPEES FROM ITS HAJ OPERATIONS
Source text: ID:nBSE68gDvJ
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Dec 2 (Reuters) - Spicejet Ltd SPJT.BO:
SECURES RIGHTS TO OPERATE HAJ FLIGHTS FROM FOUR INDIAN CITIES IN 2025
EXPECTS REVENUE OF 1.85 BILLION RUPEES FROM ITS HAJ OPERATIONS
Source text: ID:nBSE68gDvJ
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Indian airlines, airports received 999 hoax bomb threats so far this year
Adds quotes, details in paragraphs 2-7
NEW DELHI, Nov 28 (Reuters) - Airlines and airports in India received a total of 999 hoax bomb threats from the start of this year until Nov. 14, nearly ten times more than in the whole of 2023, the country's deputy civil aviation minister told parliament on Thursday.
The threats to both domestic and international flights were made mostly through social media, disrupting travel in the world's fastest growing aviation market, and all were found to be false alarms.
"The recent threats were hoaxes and no actual threat was detected at any of the airports/aircraft in India," the minister, Murlidhar Mohol, told parliament in a written answer.
More than 500 bomb threats were made in the last two weeks of October alone - higher than the rest of the year combined - he said, and 12 people have been arrested in relation to the 256 police complaints registered over such threats up to Nov. 14.
(Reporting by Ainnie Arif; Editing by Kirsten Donovan)
(([email protected];))
Adds quotes, details in paragraphs 2-7
NEW DELHI, Nov 28 (Reuters) - Airlines and airports in India received a total of 999 hoax bomb threats from the start of this year until Nov. 14, nearly ten times more than in the whole of 2023, the country's deputy civil aviation minister told parliament on Thursday.
The threats to both domestic and international flights were made mostly through social media, disrupting travel in the world's fastest growing aviation market, and all were found to be false alarms.
"The recent threats were hoaxes and no actual threat was detected at any of the airports/aircraft in India," the minister, Murlidhar Mohol, told parliament in a written answer.
More than 500 bomb threats were made in the last two weeks of October alone - higher than the rest of the year combined - he said, and 12 people have been arrested in relation to the 256 police complaints registered over such threats up to Nov. 14.
(Reporting by Ainnie Arif; Editing by Kirsten Donovan)
(([email protected];))
India's IndiGo soars; Goldman Sachs hikes PT on traffic surge
** IndiGo airlines operator Interglobe Aviation INGL.NS rises 2.8% to 4,088.5 rupees
** Goldman Sachs maintains "buy", hikes PT to 4,800 rupees
** INGL posts growth in domestic air traffic; Nov. traffic grows 11% y/y, Goldman Sachs says
** Adds co's passenger load factor for the month touches ~90% vs year-ago 85.6%
** INGL's low-price model will drive improvement in profitability - Goldman Sachs
** Stock rated "buy" on avg; median PT is 5,050 rupees - LSEG
** INGL up ~38% YTD vs ~6% fall in rival Spicejet SPJT.BO
(Reporting by Ashna Teresa Britto in Bengaluru)
** IndiGo airlines operator Interglobe Aviation INGL.NS rises 2.8% to 4,088.5 rupees
** Goldman Sachs maintains "buy", hikes PT to 4,800 rupees
** INGL posts growth in domestic air traffic; Nov. traffic grows 11% y/y, Goldman Sachs says
** Adds co's passenger load factor for the month touches ~90% vs year-ago 85.6%
** INGL's low-price model will drive improvement in profitability - Goldman Sachs
** Stock rated "buy" on avg; median PT is 5,050 rupees - LSEG
** INGL up ~38% YTD vs ~6% fall in rival Spicejet SPJT.BO
(Reporting by Ashna Teresa Britto in Bengaluru)
Spicejet Pays $22.5 Million To Resolve $90.8 Million EDC Dispute, Saves $68.3 Million
Nov 14 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET LTD - PAYS $22.5 MILLION TO RESOLVE $90.8 MILLION EDC DISPUTE, SAVES $68.3 MILLION
SPICEJET LTD - GETS OWNERSHIP OF 13 Q400 AIRCRAFT, REDUCING OPERATIONAL COSTS, RENTAL EXPENSES
SPICEJET LTD - SETTLEMENT MARKS MAJOR FINANCIAL MILESTONE FOR SPICEJET
Further company coverage: SPJT.BO
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Nov 14 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET LTD - PAYS $22.5 MILLION TO RESOLVE $90.8 MILLION EDC DISPUTE, SAVES $68.3 MILLION
SPICEJET LTD - GETS OWNERSHIP OF 13 Q400 AIRCRAFT, REDUCING OPERATIONAL COSTS, RENTAL EXPENSES
SPICEJET LTD - SETTLEMENT MARKS MAJOR FINANCIAL MILESTONE FOR SPICEJET
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Spicejet Adds 8 New Domestic Flights Starting Nov
Nov 6 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET LTD - EXPANDS DOMESTIC NETWORK WITH 8 NEW FLIGHTS STARTING NOV 15
Source text: [ID:]
Further company coverage: SPJT.BO
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Nov 6 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET LTD - EXPANDS DOMESTIC NETWORK WITH 8 NEW FLIGHTS STARTING NOV 15
Source text: [ID:]
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Indian police arrest minor for hoax bomb threats on flights
By Tanvi Mehta
NEW DELHI, Oct 17 (Reuters) - Police in India's financial capital Mumbai have arrested a minor for allegedly posting online bomb threats to three flights earlier this week, India's aviation minister said.
Indian airlines have this month received a spate of threats to domestic and international flights on their social media, all of which have been false alarms.
"Strongly condemn the recent bomb threats to Indian air carriers. We are closely monitoring the situation and ensuring that every necessary measure is taken against such actions," Ram Mohan Naidu Kinjarapu, the country's civil aviation minister, said in a post on X on Wednesday.
He said the person arrested was a minor, meaning below the age of 18, and did not name him.
Local media have reported that bomb threats were made from an account on X and alleged two IndiGo flights - one to Muscat and another to Jeddah, and an Air India one to New York had armed militants with explosives.
At least eight flights of leading carrier IndiGo INGL.NS were subject to threats. Three Spicejet SPJT.BO ones, two Vistara and four Air India ones also received similar messages online this week, according to Reuters calculations.
Air India said its flight from New Delhi to Chicago was forced to land in Canada on Wednesday after a "security threat posted online". Passengers were later taken to their destination by a Canadian Air Force plane.
"Air India notes that it, and other local airlines, have been subject to a number of threats in recent days," the carrier said.
The government plans to enhance security on international flights by deploying more sky marshals, who are armed personnel in plain clothes, according to India's Economic Times newspaper.
India's interior and aviation ministries did not immediately respond to a request for comment from Reuters.
IndiGo, Spicejet and Vistara said in their statements they are working with authorities to follow standard procedures.
Bomb threats on Indian flights https://www.reuters.com/graphics/INDIA-AVIATION/BOMB%20THREATS/zjpqnjyjqvx/index.html
(Reporting by Tanvi Mehta; editing by Barbara Lewis)
By Tanvi Mehta
NEW DELHI, Oct 17 (Reuters) - Police in India's financial capital Mumbai have arrested a minor for allegedly posting online bomb threats to three flights earlier this week, India's aviation minister said.
Indian airlines have this month received a spate of threats to domestic and international flights on their social media, all of which have been false alarms.
"Strongly condemn the recent bomb threats to Indian air carriers. We are closely monitoring the situation and ensuring that every necessary measure is taken against such actions," Ram Mohan Naidu Kinjarapu, the country's civil aviation minister, said in a post on X on Wednesday.
He said the person arrested was a minor, meaning below the age of 18, and did not name him.
Local media have reported that bomb threats were made from an account on X and alleged two IndiGo flights - one to Muscat and another to Jeddah, and an Air India one to New York had armed militants with explosives.
At least eight flights of leading carrier IndiGo INGL.NS were subject to threats. Three Spicejet SPJT.BO ones, two Vistara and four Air India ones also received similar messages online this week, according to Reuters calculations.
Air India said its flight from New Delhi to Chicago was forced to land in Canada on Wednesday after a "security threat posted online". Passengers were later taken to their destination by a Canadian Air Force plane.
"Air India notes that it, and other local airlines, have been subject to a number of threats in recent days," the carrier said.
The government plans to enhance security on international flights by deploying more sky marshals, who are armed personnel in plain clothes, according to India's Economic Times newspaper.
India's interior and aviation ministries did not immediately respond to a request for comment from Reuters.
IndiGo, Spicejet and Vistara said in their statements they are working with authorities to follow standard procedures.
Bomb threats on Indian flights https://www.reuters.com/graphics/INDIA-AVIATION/BOMB%20THREATS/zjpqnjyjqvx/index.html
(Reporting by Tanvi Mehta; editing by Barbara Lewis)
Spicejet Removed From DGCA’S Enhanced Surveillance
Oct 16 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET LTD - SPICEJET REMOVED FROM DGCA’S ENHANCED SURVEILLANCE
Source text for Eikon: ID:nBSE6bpz0R
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Oct 16 (Reuters) - Spicejet Ltd SPJT.BO:
SPICEJET LTD - SPICEJET REMOVED FROM DGCA’S ENHANCED SURVEILLANCE
Source text for Eikon: ID:nBSE6bpz0R
Further company coverage: SPJT.BO
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What does SpiceJet do?
SpiceJet, India’s second-largest airline, focuses on enhancing regional connectivity and accessibility to air travel. Through adding destinations, expanding fleet, and prioritizing customer service, SpiceJet aims to make flying enjoyable for all.
Who are the competitors of SpiceJet?
SpiceJet major competitors are Global Vectra Helico, Interglobe Aviation. Market Cap of SpiceJet is ₹4,478 Crs. While the median market cap of its peers are ₹1,13,758 Crs.
Is SpiceJet financially stable compared to its competitors?
SpiceJet seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does SpiceJet pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. SpiceJet latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has SpiceJet allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is SpiceJet balance sheet?
SpiceJet balance sheet is weak and might have solvency issues
Is the profitablity of SpiceJet improving?
Yes, profit is increasing. The profit of SpiceJet is ₹61.93 Crs for TTM, -₹422.83 Crs for Mar 2024 and -₹1,512.77 Crs for Mar 2023.
Is the debt of SpiceJet increasing or decreasing?
The debt of SpiceJet is decreasing. Latest debt of SpiceJet is ₹629 Crs as of Mar-25. This is less than Mar-24 when it was ₹723 Crs.
Is SpiceJet stock expensive?
SpiceJet is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of SpiceJet is 71.34, while 3 year average PE is 3.33. Also latest EV/EBITDA of SpiceJet is 0.0 while 3yr average is 0.02.
Has the share price of SpiceJet grown faster than its competition?
SpiceJet has given lower returns compared to its competitors. SpiceJet has grown at ~-5.86% over the last 9yrs while peers have grown at a median rate of 19.0%
Is the promoter bullish about SpiceJet?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in SpiceJet is 33.46% and last quarter promoter holding is 33.46%.
Are mutual funds buying/selling SpiceJet?
The mutual fund holding of SpiceJet is decreasing. The current mutual fund holding in SpiceJet is 1.94% while previous quarter holding is 2.53%.