SPICEJET (SPICEJET)
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DGCA data shows domestic air passenger traffic fell 6.49% in September
DGCA data shows domestic air passenger traffic declined 6.49% in September, with SpiceJet's domestic market share falling below Star Air for the first time. The twin developments point to a weakening demand environment and shifting competitive dynamics among carriers. The story now centers on whether the traffic slump persists into the festive quarter.
SpiceJet pilots refuse to fly over unpaid salaries
SpiceJet, once India’s third-largest airline, is now grappling with multiple operational challenges. Recently, around 40 pilots operating its Q400 aircraft reportedly refused to fly until their pending salaries were cleared, adding to the financial and operational pressures being faced by the budget airline. The unpaid pilots has received support from the Airline Pilots’ Association of India (ALPA India), which offered assistance to the in seeking a resolution to their salary dues, reported PTI.
CIAL accuses SpiceJet of misinformation over Kochi flight disruptions
The weather conditions in Kochi city were not adverse and didn't warrant disruptions to SpiceJet services, the Cochin International Airport Limited (CIAL) said on Saturday, accusing the airline of spreading misinformation. On Saturday, the airline alleged that, due to “bad weather in Kochi,” flight operations may be affected. “Due to bad weather in Kochi, all departures/arrivals and their consequential flights might be affected.
SpiceJet facing liquidity challenges
3 Min Read Domestic airline SpiceJet continues to face liquidity stress, with the airline confirming that employee salaries are being released in phases as it manages its financial position. Speaking to CNBC-TV18, the airline said salaries for May have been disbursed to junior and support staff, while payments to the remaining employees are being released in a phased manner. The airline did not specify a timeline for completing the salary payments.
SpiceJet settles Rs 60 crore Aviator ML claim, NCLT defers other lessor pleas
3 Min Read Aircraft lessor Aviator ML has withdrawn its plea before the National Company Law Tribunal (NCLT) seeking insolvency proceedings against the airline after SpiceJet reached a settlement with the lessor over claims of around ₹60 crore. The development came on Wednesday, August 19, when the NCLT was due to pronounce orders in a batch of eight insolvency pleas against SpiceJet. The petitions, filed by aircraft lessors, involve aggregate claims of more than ₹500 crore.
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