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The airline's Preferential Allotment Committee, in a meeting held on February 21, 2024, greenlit the allocation of 4.01 crore equity shares to two investors, including Aries Opportunities Fund Limited.
Despite reassurances from the airline's spokesperson regarding ongoing fund infusion initiatives and progress in financial arrangements, concerns persist over SpiceJet's ability to navigate the turbulent economic landscape.
SpiceJet Limited recently announced the allotment of 4.81 crore equity shares on a preferential basis to nine of its aircraft lessors.
Aircastle brought a second insolvency claim against SpiceJet in June 2023. The second insolvency petition filed by the aircraft lessor against SpiceJet was called into question by NCLT. The panel had questioned Aircastle's attorney to justify the plea's upkeep in light of specific legal precedents.
SpiceJet-Credit Suisse case: Supreme Court summons Ajay Singh for personal appearance
The engineers found fire on one of the engines of an airline's ATR aircraft while it was undergoing repair. To put out the fires, the fire department was called.
SpiceJet told the National Company Law Tribunal (NCLT) that Willis Lease Finance is not among the four operational creditors of the airline.
While hearing a bail plea by Ajay Singh, Chairman and Managing Director of SpiceJet noted that the allegations against him of fraud in a share transfer agreement were serious in nature.
Indian low-cost carrier successfully closes loan account and clears past liabilities
Amid concerns over its financial health, low-cost carrier SpiceJet on Thursday stated that there is no question of it filing for insolvency.
Spicejet received a notification from the National Company Law Tribunal, NTCL, in response to a petition submitted by Aircastle (Ireland) Ltd, an aircraft leasing firm.
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