SPICEJET

Nov 12 (Reuters) - Spicejet Ltd SPJT.BO:

• Q2 LOSS 6.34 BILLION RUPEES

• Q2 TOTAL REVENUE FROM OPERATIONS 7.81 BILLION RUPEES

Source text: ID:nBSE4dBZJY

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** Shares of SpiceJet SPJT.BO rise as much as 6.28% to 40.59 rupees, its highest since July 24

** Airline says it will operate 250 daily flights this winter, which is double its summer schedule

** Stock rated "hold" on average by 4 analysts; median PT at 39 rupees - data compiled LSEG

** Rival IndiGo's parent Interglobe Aviation INGL.NS rated as "buy" on average by 22 analysts; median PT at 6,575 rupees - data compiled by LSEG

**YTD, SPJT down nearly 29% vs INGL's nearly 29% rise

(Reporting by Mridula Kumar)

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By Abhijith Ganapavaram

NEW DELHI, Oct 1 (Reuters) - India's aviation regulator has proposed removing the mandate that airlines can only take planes on lease with crew in emergencies, draft regulations show, in a move that could make it easier for carriers to tide over any aircraft shortages.

The proposed rules could help airlines like India's biggest carrier IndiGo INGL.NS which has taken two planes with crew on so-called wet lease from Turkish Airlines, allowing it to offer connectivity with flights to Europe and the United States.

The partnership has irked rival Air India, which unsuccessfully lobbied the Indian government to block it, arguing it gives more air traffic to Turkey and hurts India's aviation sector.

The Directorate General of Civil Aviation (DGCA) regulations had permitted airlines to enter such leases only in emergency situations, such as unexpected grounding of aircraft.

The new draft proposal replaces the word "only" with "normally", making processing of such requests potentially easier, lawyers said.

"This added flexibility could play a crucial role in easing capacity constraints, especially in light of the limited availability of larger aircraft," said Lovejeet Singh, a partner at law firm Chandhiok & Mahajan and specialist in aviation laws.

The proposal was posted on DGCA's website earlier this week but has not previously been reported. It is open for public consultations until October 28.

The DGCA and IndiGo did not respond to Reuters queries on the planned changes in regulations.

IndiGo's Turkish partnership has faced criticism in India in recent months after Turkey came out in support of Pakistan during the recent India-Pakistan conflict.

While India's government first said it wouldn't extend that lease, it changed course in August without giving a reason to let IndiGo continue.

The current DGCA regulations mandate airlines to only lease aircraft from countries where the average industry safety score is above 80%, but the new draft rules said the watchdog can exempt that requirement on a one-time basis.

(Reporting by Abhijith Ganapavaram; Editing by Aditya Kalra; Editing by Ros Russell)

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Sept 11 (Reuters) - Spicejet Ltd SPJT.BO:

• SPICEJET - AGREEMENT SIGNIFICANTLY ENHANCES AIRLINE’S LIQUIDITY, SUPPORTS RESTRUCTURING EFFORTS

• SPICEJET - AGREEMENT UNLOCKS $79.6 MILLION IN CASH MAINTENANCE RESERVES & $9.9 MILLION IN CREDITS

• SPICEJET - SECURES $89.5 MILLION IN LIQUIDITY BOOST THROUGH CARLYLE SETTLEMENT

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Adds details of results from paragraph 5, background throughout

Sept 5 (Reuters) - Indian budget airline SpiceJet SPJT.BO posted its second consecutive loss in the June quarter, as leisure travel demand on some routes slumped during the worst India-Pakistan fighting in decades.

The troubled airline reported a loss of 2.35 billion rupees ($26.6 million) in the April-June period, compared to a profit of 1.5 billion rupees a year before.

Ties between India and Pakistan worsened after an April attack in Kashmir that New Delhi blamed on Islamabad, prompting airport closures in northwest India and a shutdown of Pakistani airspace to Indian carriers. Pakistan has denied any involvement.

Quarterly revenue fell about 35% to 11.06 billion rupees.

SpiceJet also said a delay in returning its grounded aircraft to service added to its woes.

The carrier has signed multiple settlement agreements in recent years to resolve disputes with lessors and others but has still struggled to expand capacity.

As of March-end, it had only 25 operational aircraft, fewer than half of its 61-jet fleet.

The limited scale has allowed Akasa, one of India's youngest airlines, to overtake SpiceJet as the country's No. 3 carrier by market share, with 5.5% versus SpiceJet's 2% in the world's third-largest aviation market.

SpiceJet's net worth improved to positive 4.46 billion rupees in the first-quarter, compared to negative 23.98 billion rupees in the year-ago period, it said.

($1 = 88.2591 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman and Nivedita Bhattacharjee)

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Sept 4 (Reuters) - Spicejet Ltd SPJT.BO:

• SPICEJET LTD - SIGNS INTERLINE AGREEMENT WITH GULF AIR

• SPICEJET - PARTNERSHIP TO PROVIDE ACCESS TO GULF AIR’S NETWORK ACROSS MIDDLE EAST, AFRICA, EUROPE

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** 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)

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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)

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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)

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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

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** 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)

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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

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** 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)

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** 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)

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June 2 (Reuters) - Air India Ltd [RIC:RIC:AIRID.UL]:

• INDIA PM MODI: INDIAN CARRIERS HAVE PLACED ORDERS FOR MORE THAN 2000 NEW JETS AND THAT'S JUST A START

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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

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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)

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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

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March 28 (Reuters) - SpiceJet Ltd SPJT.BO:

• SUCCESSFULLY RENEWS IATA IOSA CERTIFICATION

Source text: ID:nBSE20WZQG

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March 27 (Reuters) - Spicejet Ltd SPJT.BO:

• SPICEJET LTD- RESOLVES DISPUTE WITH WILLIS LEASE

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March 26 (Reuters) - Spicejet Ltd SPJT.BO:

• SPICEJET LTD - EXPANDS DOMESTIC NETWORK WITH 24 NEW FLIGHTS FOR SUMMER 2025

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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

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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%

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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)

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Jan 28 (Reuters) - Indian budget carrier SpiceJet SPJT.BO said on Tuesday that the first of four grounded Boeing 737 MAX aircraft would resume operations on Wednesday, Jan. 29.

SpiceJet aims to restart the other three 737 MAXs and 10 aircraft in total by mid-April, it said in a statement.

Several SpiceJet aircraft have been grounded or deregistered due to unpaid dues to lessors. As of November, the airline had a fleet of 60 aircraft.

The carrier has done a series of fund raises to settle its dues and bring its grounded jets back to operation.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D'Souza)

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Jan 16 (Reuters) - ASI Industries Ltd ANDU.BO:

• ACQUIRES EQUITY SHARES OF SPICEJET

• TOTAL COST OF ACQUISITION 39.2 MILLION RUPEES

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Jan 10 (Reuters) - Spicejet Ltd SPJT.BO:

• SPICEJET TO UNGROUND 10 AIRCRAFT BY MID-APRIL 2025

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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)

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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

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