SPICEJET

March 10 (Reuters) -

• INDIA AVIATION REGULATOR: SEEKS COMMENTS ON PROPOSED REVISION TO RULES FOR FOREIGN AIRLINES OPERATING UNDER BILATERAL AIR SERVICE AGREEMENTS

• INDIA AVIATION REGULATOR: PROPOSES FOREIGN AIRLINES HAVE A LOCAL REPRESENTATIVE WHO IS AN INDIAN NATIONAL OR LEGAL ENTITY REGISTERED IN INDIA

• INDIA AVIATION REGULATOR: FOREIGN AIRLINES' LOCAL REPRESENTATIVE SHOULD BE WELL CONVERSANT WITH APPLICABLE INDIAN LAWS

• INDIA AVIATION REGULATOR: PROPOSES FOREIGN AIRLINES MAINTAIN PASSENGER GRIEVANCE REDRESSAL SYSTEM

• INDIA AVIATION REGULATOR: PROPOSES FOREIGN AIRLINES FILE FLIGHT SCHEDULES AT LEAST 30 DAYS BEFORE STARTING SERVICES

Source text: https://www.dgca.gov.in/digigov-portal/Upload?flag=iframeAttachView&attachId=FIIfdRHCF294zxK08tAjcg%3D%3D&baseLocale=en_US

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** Shares of Indian carriers IndiGo INGL.NS and SpiceJet SPJT.BO drop 7.5% and 5.6%, respectively

** Oil prices surged about 20% on Monday, hitting their highest since July 2022, as the widening U.S.-Israeli war with Iran propelled crude prices to their highest in almost four years O/R

** Brent crude futures LCOc1 rose as much as $18.35, or 19.8%, to $111.04 a barrel and were up $15.24, or 16.4%, at $107.93 as of 0014 GMT on Monday

** Higher crude prices impact airlines as it is the key component of jet fuel

** YTD, INGL down about 13% vs SPJT's 53% slump

(Reporting by Yagnoseni Das in Bengaluru)

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March 5 (Reuters) - SpiceJet Ltd SPJT.BO:

• TO OPERATE 13 SPECIAL FLIGHTS FROM UAE ON MARCH 5 TO BRING STRANDED INDIANS HOME

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

• SPICEJET LTD - CANCELS 28 FLIGHTS BETWEEN INDIA AND UAE DUE TO AIRSPACE RESTRICTIONS

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March 3 (Reuters) - Spicejet Ltd SPJT.BO:

• SPICEJET - TO OPERATE FOUR SPECIAL FLIGHTS FROM UAE ON MARCH 3 TO BRING STRANDED INDIANS HOME

• SPICEJET - TO ALSO RESTORE SCHEDULED FLIGHTS BETWEEN FUJAIRAH-DELHI AND FUJAIRAH-MUMBAI STARTING MARCH 4

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Updates

** Shares of Indian carriers IndiGo INGL.NS and SpiceJet SPJT.BO drop 4.3% and 5.4%, respectively

** Middle East conflict pushes crude prices higher, with Brent crude futures climbing to about $82.40 a barrel, their highest in 14 months O/R

** Higher crude prices impact airlines as it is the key component of jet fuel

** Moreover, Jefferies highlights ongoing conflict to hit travel demand, with Middle East accounting for 35-40% of INGL's international capacity and 10-12% of total capacity

** YTD, INGL down 8.7% vs SPJT's 48.8% slump

(Reporting by Kashish Tandon in Bengaluru)

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

• SPICEJET - ASSURE ALL STAKEHOLDERS THAT SUPREME COURT ORDER HAS NO IMPACT ON DAY-TO-DAY OPERATIONS

• SPICEJET - COMPANY IS EXAMINING THE ORDER AND WILL COMPLY WITH ALL COURT DIRECTIONS

• SPICEJET: CONFIDENT OF RECEIVING POTENTIAL REFUND OF 4.49 BLN RUPEES AFTER LEGAL PROCESS

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** SpiceJet SPJT.BO slips 10% to hit lower limit of exchange-mandated trading band of 12.88 rupees

** Stock set to fall for seventh straight session, losing over a quarter of its value during the spree

** SPJT dropped 9.7% on Tuesday after its Delhi-Leh flight returned to Delhi on experiencing technical issue

** According to a source quoted by PTI, flight returned due to engine issue

** Trading vols at record high of 189.7 mln shares, more than 16x the 30-day average

** RSI drops to 7.3, suggesting stock might be oversold, per data compiled by LSEG

** SPJT down 56.7% YTD

(Reporting by Vijay Malkar)

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** Shares of SpiceJet SPJT.BO fall as much as 8.5% to 14.51 rupees, the lowest level since December 2014

** Stock last down 7.6%, set to fall for sixth straight session

** The airline's spokesperson said the flight operating from Delhi to Leh on February 24 returned to Delhi after experiencing a technical issue

** The Boeing 737 flight carrying 150 passengers returned to Delhi due to an engine issue, news agency PTI reported, citing a source

** Trading vols at 15.8 million shares so far, 1.4x the 30-day average

** SPJT's RSI falls to 8.9, suggesting the stock might be oversold - according to data compiled by LSEG

** SPJT fell ~51% YTD vs 46.3% drop in 2025

(Reporting by Vijay Malkar)

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Feb 19 (Reuters) - SpiceJet Ltd SPJT.BO:

• RECEIVES MOU FOR 10 AIRCRAFT; CAPACITY SET TO MORE THAN DOUBLE THIS YEAR

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** Shares of SpiceJet SPJT.BO down 2.7% to 19.87 rupees, set to fall for third straight session

** Airline posts loss of 2.69 bln rupees ($29.7 mln) in Q3 vs profit of 249.7 mln rupees year ago

** Q3 total revenue up 12.4% Y/Y at 13.84 bln rupees

** SPJT fell 46% in 2025

($1 = 90.7370 Indian rupees)

(Reporting by Vijay Malkar)

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By Abhijith Ganapavaram and Aditya Kalra

NEW DELHI, Feb 12 (Reuters) - A group representing India's top airlines IndiGo INGL.NS and Air India has asked the government to dilute proposed fatigue management rules for cabin crew, warning they could disrupt flight schedules and limit growth prospects, a letter shows.

The pushback from the Federation of Indian Airlines (FIA) on a key Indian government proposal comes after IndiGo, the country's largest airline, cancelled about 4,500 flights in December due to poor planning for new fatigue management rules for pilots.

The cabin crew rules proposed in October call for boosting minimum weekly rest to 48 hours from 36 hours presently and expanding work limitations for night operations.

They also call for flight attendants to each get their own hotel room on layovers to improve rest quality. That is not a requirement under international aviation rules, but in practice it is common among airlines outside India despite being more costly.

In its letter, which is not public, FIA argued that mandating single-room occupancy could create constraints at several domestic and international airports due to limited hotel inventory and result in crew being accommodated at distant or sub-optimal locations.

The proposed rules say they aim to "enhance safety of operations". Pilot mental health was in sharp focus after the Air India crash last June that killed 260 people, though the cause has yet to be determined.

But FIA argued the fatigue rules would "severely" limit long-term growth expansion and reduce the competitiveness of Indian airlines in the global market.

The letter was sent to India's Directorate General of Civil Aviation. The regulator and FIA, which also represents India's fourth-largest carrier SpiceJet SPJT.BO, did not respond to Reuters' queries.

There is no fixed timeline for implementation for the rules. IndiGo, Air India and SpiceJet also did not respond.

INDIAN NORMS VS GLOBAL

India's government said this month the aviation minister chaired a meeting with aviation officials where discussions centred around assessing safety at airfields, as well as strengthening regulatory oversight frameworks across the country.

The cumulative effect of the draft provisions on cabin crew fatigue management could complicate crew scheduling and reduce roster predictability, the FIA's letter said.

The rules go beyond global norms for managing cabin crew fatigue, it argued, such as classifying ultra-long-haul flights as those over 14 hours rather than 16 hours.

FIA's lobbying effort comes as Air India, the country's second-largest airline, is facing financial losses from an airspace ban imposed by Pakistan and a deadly crash and IndiGo is dealing with regulatory scrutiny due to the cancellations.

The FIA is lobbying the regulator to relax some of the rules, including reworking stricter night provisions such as landing caps to follow fatigue science and to introduce the new norms in a phased manner.

(Reporting by Abhijith Ganapavaram and Aditya Kalra; Editing by Jamie Freed)

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By Aditya Kalra

NEW DELHI, Jan 7 (Reuters) - India's government has asked IndiGo INGL.NS, Air India, SpiceJet SPJT.BO and Akasa to provide data on average fares charged, a document shows, as antitrust authorities investigate unprecedented travel disruptions in December.

Pilot shortages at IndiGo INGL.NS, which dominates India's aviation market with a 65% share, forced it to cancel about 4,500 flights last month, stranding thousands of passengers and disrupting air travel nationwide.

Fares of certain airlines surged during the crisis, prompting the government to impose temporary caps.

India's competition regulator, the CCI in December said it was proceeding against IndiGo to assess whether it had abused its market position. IndiGo has not commented on the case.

REQUEST IS FOR AVERAGE FARES DECEMBER 1-15

India's Directorate General of Civil Aviation, which oversees safety, has written to airlines asking for average fares on each route they operated on, for economy and premium economy seats, over the period December 1-15, according to a Reuters review of a January 1 government email to IndiGo, Air India, Air India Express, SpiceJet and Akasa.

The CCI and the civil aviation authority did not respond to Reuters queries on the private email. Akasa declined to comment, while other airlines did not respond.

A government source, asking not to be named because they were not authorised to speak publicly, said the details have been sought at the request of the CCI as they could help it to assess airfare patterns across airlines during the disruptions.

The government email also asked airlines to provide "fare data on affected routes" during the disruptions, the email said.

There is no indication the case is being broadened to scrutinise other airlines.

One complaint being reviewed by the CCI accuses IndiGo of cancelling flights and then offering seats at much higher prices, amounting to abuse of its dominant market position, Reuters has previously reported.

(Reporting by Aditya Kalra; editing by Barbara Lewis)

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** Shares of Indian airline SpiceJet SPJT.BO rise 2% to 30 rupees

** Budget carrier's market share improved month-on-month to 3.7% in November vs 2.6% in October, official data shows

** Bigger rival IndiGo's INGL.NS market share fell m/m to 63.6% in November vs 65.6% in October

** On the day, INGL shares down 1.5% to 5,008 rupees

** On average, SPJT shares rated "hold" while INGL rated "buy" - LSEG data

** YTD, SPJT stock has shed 45% while INGL has risen 10%

(Reporting by Hritam Mukherjee in Bengaluru)

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Nov 12 (Reuters) - Cash-strapped Indian carrier SpiceJet SPJT.BO posted a wider quarterly loss on Wednesday, hurt by a drop in its passenger traffic and mounting foreign exchange losses.

The company's loss stood at 6.34 billion rupees for the quarter ended September 30, compared with a loss of 4.42 billion rupees a year ago.

(Reporting by Kashish Tandon in Bengaluru; Editing by Nivedita Bhattacharjee )

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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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** Shares of SpiceJet SPJT.BO rise 3.4% to 34.13 rupees

** Low-cost carrier secures $89.5 million settlement from commercial aviation investment and servicing unit of Carlyle CG.O

** Under the deal, Carlyle will restructure $121.2 million in lease dues in exchange for $50 million in SPJT shares, with any extra proceeds from share sales used to reduce future lease obligations

** Significantly enhances airline's liquidity - SPJT

** Earlier, stock surges from rise of 1.5% to 5% on news

** Last year, SPJT said it will convert about $97 million dues to Carlyle Aviation into equity, debentures

** Stock down about 39% YTD

(Reporting by Urvi Dugar)

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Sept 5 (Reuters) - Spicejet Ltd SPJT.BO:

• SPICEJET JUNE-QUARTER LOSS 2.35 BILLION RUPEES

• SPICEJET JUNE-QUARTER REVENUE FROM OPERATIONS 10.33 BILLION RUPEES

• SPICEJET- RESULTS IMPACTED BY GEO‐POLITICAL SITUATION WITH NEIGHBOURING COUNTRY, AIRSPACE RESTRICTIONS IN KEY MARKETS

• SPICEJET- REMAIN CONFIDENT OF STRONG RECOVERY TRAJECTORY IN COMING QUARTERS

  
  

Source text: ID:nBSE5N2BHt

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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

Source text: [ID:]

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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

Source text: [ID:]

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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

Source text: [ID:]

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