SPICEJET
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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3 Min Read Aircraft lessor Aviator ML has withdrawn its plea before the National Company Law Tribunal (NCLT) seeking insolvency proceedings against the airline after SpiceJet reached a settlement with the lessor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.
SpiceJet to deposit ₹50 crore within 45 days
SpiceJet and its promoter Ajay Singh on Monday assured the Delhi High Court that they will deposit ₹50 crore in 45 days with the court registry in connection with a legal dispute with media baron Kalanithi Maran and Kal Airways.
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