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Latest news about Spicejet

SpiceJet Boosts Winter Operations with Five New Aircraft 2 days ago

SpiceJet has added five more aircraft on damp lease to its fleet, bringing the total recent additions to 10. The expansion includes Boeing 737s, Airbus A340, and Boeing 737 MAX, all of which have started commercial operations. This move aims to double the operational fleet by November end, enhancing both domestic and international connectivity. The airline's Chief Business Officer, Debojo Maharshi, expressed optimism about the expansion and the positive response to new flights.

SpiceJet Bolsters Leadership: Sanjay Kumar Appointed as Executive Director 4 days ago

SpiceJet Boosts Fleet with Five New Aircraft, Eyes Major Expansion Oct 28, 2025

SpiceJet Unveils Ambitious Expansion Plan: Fleet and Capacity Set to Soar by 2025 Oct 27, 2025

SpiceJet Announces Direct Flights to Najaf and Expansion Plans Oct 17, 2025

More news about Spicejet

13Oct 25

SpiceJet Secures CRISIL A4+ Rating Amid Financial Restructuring

SpiceJet has received a CRISIL A4+ rating, reflecting improved financial condition after successful restructuring efforts. The airline raised ₹3,000 crore to settle debts and maintain operations. Financial metrics show significant improvements: current liabilities decreased by 26.65%, shareholders' capital turned positive with a 126.41% increase, and total assets grew by 1.78%. The CRISIL A4+ rating indicates adequate safety for timely financial obligation payments, potentially boosting investor confidence and improving future financing options.

10Oct 25

SpiceJet Announces Major Fleet Expansion with 20 New Aircraft by November

SpiceJet plans to add 20 new aircraft to its fleet by November, including one Airbus A340 and two Boeing 737s already acquired. This expansion aims to increase capacity, diversify the fleet, and enhance market competitiveness. The move could strengthen SpiceJet's position in the Indian aviation sector but also presents operational challenges.

09Oct 25

SpiceJet Shares Soar 18% on New Winter Route Announcements

SpiceJet's stock surged 18% to Rs 33.66 following the announcement of new domestic routes for the winter season. The airline launched direct flights connecting Delhi and Kolkata to Port Blair, and plans to start routes from Delhi and Mumbai to Udaipur on November 6. Trading volume increased to 6.53 times the 30-day average. Despite the daily gain, the stock remains down 50.67% over the past 12 months and 41.48% year-to-date. Analyst ratings are mixed, with a consensus price target suggesting a 4.70% upside potential.

09Oct 25

SpiceJet Shares See ₹43.78 Crore Block Trade on BSE

SpiceJet experienced a significant block trade on the Bombay Stock Exchange (BSE), involving approximately 15.28 million shares valued at ₹43.78 crore. The transaction was executed in multiple blocks at ₹28.65 per share. This comes as SpiceJet plans to expand operations, doubling daily flights and operational fleet for the winter season. The airline has launched new routes to Port Blair and plans to start flights to Udaipur from Delhi and Mumbai.

08Oct 25

SpiceJet Expands Fleet and Launches New Routes in Winter Expansion

SpiceJet has received 18 wet-leased aircraft at Delhi Airport as part of its winter expansion plan. The airline has also launched daily flights to new destinations including Port Blair and Udaipur. SpiceJet plans to more than double its fleet size and daily flight operations, indicating a significant growth strategy in the Indian aviation market.

06Oct 25

SpiceJet Launches Daily Non-Stop Flights to Ayodhya for Diwali Festival

SpiceJet announces daily non-stop flights to Ayodhya from Delhi, Bengaluru, Ahmedabad, and Hyderabad, starting October 8, 2025. The launch is timed to coincide with the Diwali festival, providing easier access to the Shri Ram Temple. This move is expected to boost Ayodhya's tourism and local economy. SpiceJet is considering adding flights from Mumbai as well. The airline aims to strengthen its domestic network and gain a competitive advantage in this emerging route.

30Sept 25

Delhi High Court Summons SpiceJet Over TCS Property Attachment Request

The Delhi High Court has issued summons to SpiceJet in response to a property attachment request filed by Tata Consultancy Services (TCS). This legal action suggests a potential financial dispute between the two companies. The case could have significant implications for SpiceJet, which has already been facing financial challenges. The airline will need to respond to the court and address TCS's claims. The outcome may impact SpiceJet's operations and financial standing.

29Sept 25

SpiceJet Expands Thailand Network with Daily Non-Stop Flights to Phuket

SpiceJet announces expansion of its international network with daily non-stop flights to Phuket, Thailand. Flights from Delhi to Phuket start on October 31, 2025, and from Mumbai to Phuket on November 6, 2025. The airline is expanding its fleet, leasing an Airbus A340 and eight Boeing 737 aircraft. Tickets are available for booking through SpiceJet's app and website.

26Sept 25

SpiceJet Expands Fleet with Leased Airbus A340 Wide-Body Aircraft

SpiceJet is set to add a leased Airbus A340 wide-body aircraft to its fleet, expected to arrive by March 30 and commence operations in early October. This move indicates the airline's plans to expand into long-haul international routes. Additionally, SpiceJet has announced the closure of its trading window for designated persons from October 1, 2025, until the declaration of Q2 and half-year financial results ending September 30, 2025.

23Sept 25

SpiceJet Soars with Second Credit Rating Upgrade, Acuité Raises Long-Term Rating to BB (Stable)

Acuité Ratings & Research has upgraded SpiceJet's long-term credit rating to BB (Stable) from BB- (Stable), while reaffirming its short-term rating at A4+. The upgrade is based on SpiceJet's improved credit profile, strengthened liquidity, and financial discipline. Key factors include ongoing fleet expansion plans, successful settlements with lessors, and a robust operational roadmap. SpiceJet's revival strategy involves inducting new leased aircraft, increasing daily flights to 280, and returning grounded aircraft to service. A recent settlement with Carlyle Aviation Partners is expected to improve the airline's liquidity position. Acuité highlighted the company's experienced management and diversified revenue streams as supporting factors.

16Sept 25

SpiceJet Expands Fleet with 18 Boeing 737 Aircraft for Winter 2025

SpiceJet has announced plans to lease 18 Boeing 737 aircraft, including eight newly finalized agreements and ten previously announced leases. The first batch will join the fleet in October 2025, aimed at strengthening capacity for the Winter Schedule 2025. This expansion is designed to enhance frequencies on key routes and meet increased passenger demand during the festive and winter travel season. Debojo Maharshi, Chief Business Officer, expressed enthusiasm about the expansion's potential to improve connectivity and passenger experience.

14Sept 25

SpiceJet Faces Financial Turbulence: Salary Delays and Operational Challenges

SpiceJet is experiencing financial difficulties, with salary delays affecting higher-paid employees. The airline reported a net loss of Rs 238 crore in the June quarter. Only 18 out of 53 aircraft are currently operational. The company controversially provided a Rs 32 crore interest-free advance to its Chairman. With 6,484 employees, SpiceJet's ability to navigate these challenges will be crucial for its future in India's aviation market.

12Sept 25

SpiceJet Flight Makes Emergency Landing in Mumbai After Losing Wheel During Takeoff

A SpiceJet Q400 aircraft lost a wheel during takeoff from Kandla airport and made an emergency landing at Mumbai airport. The Air Traffic Control declared a full emergency briefly. All passengers disembarked safely upon landing. The missing wheel was later found on the Kandla runway. This incident follows a suspected tailpipe fire on another SpiceJet flight the previous day, raising concerns about the airline's safety measures.

11Sept 25

SpiceJet Secures $89.5 Million Cash Boost and Returns Flight to Bay After Suspected Tailpipe Fire

SpiceJet has completed a deal providing access to $79.60 million in cash maintenance reserves and $9.90 million in credits, totaling $89.50 million (approximately ₹743.00 crore). This financial boost is expected to improve the airline's cash flow position and support its restructuring initiatives. The funds may help SpiceJet strengthen its balance sheet, manage operational costs, and potentially invest in fleet maintenance or expansion.

08Sept 25

SpiceJet Settles $24M Debt with Credit Suisse, Advances Fleet Expansion

SpiceJet has completed a $24 million payment to Credit Suisse, marking a significant step in its financial recovery. The airline views this as a milestone in its turnaround journey and is simultaneously progressing with fleet expansion plans. This dual approach of debt reduction and growth preparation aims to strengthen SpiceJet's position in the competitive Indian aviation market.

05Sept 25

SpiceJet Reports Q1 Loss Amid Operational Challenges; Strengthens Net Worth Position

SpiceJet reported a net loss of ₹237.30 crore in Q1, compared to a profit of ₹149.90 crore in the same quarter last year. Revenue from operations declined by 34.4% to ₹1,120.20 crore. Despite challenges, the airline maintained an 86% passenger load factor. SpiceJet's net worth improved to ₹446.00 crore from a negative ₹2,398.00 crore. The company expanded its international network, finalized lease restructuring worth $121.18 million, and secured agreements for 10 new Boeing 737 aircraft.

04Sept 25

SpiceJet Expands Global Reach with Gulf Air Interline Agreement

SpiceJet has entered into an interline agreement with Gulf Air, Bahrain's national carrier, to offer seamless travel options between their networks. The partnership allows passengers to book connecting flights on a single ticket, expanding travel options and improving connectivity between India and the Gulf region. This agreement simplifies bookings, facilitates smoother transfers, and provides access to a wider range of destinations through the combined networks of both airlines.

03Sept 25

SpiceJet Soars: Acuité Upgrades Credit Ratings Amid Financial Turnaround

Acuité Ratings & Research has upgraded SpiceJet's long-term credit rating to BB- with a stable outlook and short-term rating to A4+. The upgrade is attributed to improved financial health, strong operational performance, new fleet orders, fund infusion from a key promoter, and successful debt reduction. Acuité highlighted positive aspects including additional liquidity from a QIP, improved operations and profitability, and benefits expected from the new fleet order. SpiceJet's Chief Business Officer expressed confidence in driving sustainable growth. The airline has also announced a board meeting to approve financial results and consider issuing equity shares to aircraft lessors.

01Sept 25

SpiceJet Flight Makes Emergency Landing in Pune After Technical Issue

A SpiceJet Boeing 737 aircraft operating flight SG937 from Pune to Delhi was forced to return to Pune airport shortly after takeoff due to a technical issue. The crew observed an illuminated flap transit light and decided to return as a precautionary measure. The aircraft landed safely under full emergency conditions about an hour after initial takeoff. All passengers were safely deplaned. SpiceJet is offering affected passengers alternative flights or full refunds.

28Aug 25

SpiceJet's Skyhop Subsidiary Secures DGCA License for Seaplane Services

SpiceJet's subsidiary, Skyhop, has obtained a license from the Directorate General of Civil Aviation (DGCA) to operate seaplane services in India. This move allows SpiceJet to diversify its operations and enter the niche market of seaplane services. The development aligns with the Indian government's efforts to enhance connectivity to remote and water-locked areas. Skyhop's seaplane operations are expected to boost tourism opportunities in coastal regions and island territories, offering unique transportation options.

26Aug 25

SpiceJet Introduces Paperless Boarding at Shillong Airport, Plans Expansion

SpiceJet has introduced paperless boarding services at Shillong Airport, enhancing passenger experience and embracing digital technology. The airline plans to expand this initiative across its network, aiming to streamline check-in and boarding processes. This move aligns with global aviation trends, focusing on operational efficiency and passenger convenience. The paperless boarding system is expected to reduce paper usage, potentially decrease wait times, and minimize the risk of misplacing physical boarding passes.

14Aug 25

SpiceJet Delays Q1 Results to September 5 Amid Auditor Transition

SpiceJet has postponed its Q1 financial results to September 5 due to a change in statutory auditors. The company will hold an EGM on September 4 to appoint M/s Kalyaniwalla & Mistry LLP as new auditors. SpiceJet also announced plans to lease five additional Boeing 737 aircraft, bringing total new fleet additions to 10, to meet increased travel demand for the upcoming winter schedule.

13Aug 25

SpiceJet Expands Fleet with 10 Boeing 737s for Winter 2025 and Beyond

SpiceJet has finalized lease agreements for 10 Boeing 737 aircraft to meet increased travel demand. Five aircraft were announced on August 13, 2025, adding to five previously announced. Most aircraft will arrive in early October 2025, with operations extending through winter 2025-2026 and into early summer 2026. The airline is using damp lease arrangements and is in discussions for additional leases. This expansion aims to enhance connectivity, flight options, and on-time performance for passengers.

05Aug 25

SpiceJet Achieves Zero Level 1 Safety Issues in DGCA Audits

SpiceJet announced zero Level 1 safety issues in audits conducted by the Directorate General of Civil Aviation (DGCA) over the past year. The airline also renewed its IATA Operational Safety Audit (IOSA) certification, valid until March 2027. SpiceJet operates a fleet of Boeing 737s and Q-400s, offering multiple daily flights under the UDAN scheme.

25Jul 25

SpiceJet Expands Fleet: Secures Lease for Five Boeing 737 Aircraft

SpiceJet has finalized a lease agreement for five Boeing 737 aircraft under a damp lease arrangement, with delivery expected in October 2025. This move is part of the airline's strategy to enhance operational capabilities and meet growing demand in the Indian aviation sector. SpiceJet is also in talks with additional lessors for further capacity expansion.

24Jul 25

Discovery Capital Exits SpiceJet, Plutus Wealth Increases Stake Amid Legal Update

Discovery Capital Management sold its entire 2.2% stake in SpiceJet for Rs 119.00 crore. Plutus Wealth Management increased its stake from 2.71% to 4.44%. SpiceJet's shares closed 5.75% higher at Rs 40.29. The Supreme Court dismissed a plea by KAL Airways and Kalanithi Maran seeking damages over Rs 1,300.00 crore from SpiceJet in a share transfer dispute.

03Jul 25

SpiceJet Boosts Fleet Maintenance: 17 Engines Sent for Overhaul, First Two Refurbished Units Received

SpiceJet has sent 17 engines for overhaul to enhance fleet maintenance and operational efficiency. The airline has already received the first two refurbished engines from StandardAero, with more expected in the near future. This initiative aims to improve safety, reliability, and performance while potentially reducing downtime and optimizing fuel efficiency.

23Jun 25

SpiceJet Mulls Middle East Flight Cancellations Amid US-Iran Tensions

SpiceJet, a leading Indian low-cost carrier, is contemplating the cancellation of flights to Middle Eastern destinations due to escalating US-Iran tensions. This decision could significantly impact SpiceJet's international operations, affecting routes to popular destinations like Dubai, Riyadh, and Jeddah. The airline's approach prioritizes passenger and crew safety in light of the volatile geopolitical situation. While no official announcement has been made, passengers with upcoming Middle East travel plans are advised to stay updated with the airline for potential changes.

16Jun 25

SpiceJet: Record Q4 Profit, but Brokerages Remain Cautious

SpiceJet, an Indian low-cost airline, posted a record net profit of ₹319.00 crore in the fourth quarter. Despite this impressive turnaround, brokerages maintain a cautious outlook. They have reduced EBITDA estimates and lowered target prices, with Nuvama setting it at ₹48.00 and InCred Equities at ₹47.00. Analysts cite concerns about gradual revival and potential margin compression, leading to 'hold' ratings on the stock.

16Jun 25

SpiceJet Unveils $121 Million Debt Restructuring Plan with Carlyle Aviation

SpiceJet, a leading Indian low-cost airline, has unveiled a financial restructuring plan involving $121 million in aircraft lease obligations with Carlyle Aviation. The plan centers on converting a significant portion of SpiceJet's debt into equity by issuing shares at ₹65.00 each to Carlyle Aviation. This move aims to reduce SpiceJet's debt burden, improve liquidity, and transform Carlyle Aviation from a creditor to a stakeholder. The restructuring is expected to strengthen SpiceJet's financial position in the challenging aviation industry.

14Jun 25

SpiceJet Reports 167.33% YoY Profit Increase in Q4, Revenue Drops 16.03%

SpiceJet has posted impressive financial results for Q4 and FY2023. The airline's Q4 net profit increased by 167.33% year-over-year, despite a 16.03% revenue decrease. Q4 operating revenue grew 17.5% to ₹1,446.00 crore, while EBITDA more than doubled to ₹527.00 crore. SpiceJet reported its first full-year profit in seven years at ₹48.00 crore. The company's net worth strengthened to ₹683.00 crore, supported by a ₹500.00 crore equity infusion from the promoter.

12Jun 25

SpiceJet Restarts Flights at Ahmedabad Airport, Expanding Network

SpiceJet has announced the resumption of its operations at Ahmedabad Airport (AMD), expanding its network connectivity. This move is expected to increase flight options for passengers in Gujarat's largest city and surrounding areas. The resumption could enhance SpiceJet's presence in western India, potentially leading to more competitive airfares and improved connectivity with the airline's wider network. This strategic decision may be part of SpiceJet's efforts to strengthen its market position and capitalize on growing air travel demand in key cities.

06Jun 25

SpiceJet Faces NCLT Scrutiny: Lessors Ordered to Submit Valid Power of Attorney

SpiceJet is under NCLT scrutiny due to insolvency petitions filed by three aircraft lessors over alleged defaults of Rs 77 crore. The NCLT has directed these lessors to submit a valid Power of Attorney by July 3, when the next hearing is scheduled. SpiceJet's legal counsel argued that the current Power of Attorney expires in February 2025, but the NCLT insisted on new submissions. This development adds to SpiceJet's ongoing financial challenges in the competitive Indian aviation sector.

26May 25

SpiceJet Shares Soar as Delhi HC Dismisses ₹1,300 Crore Damages Appeal

SpiceJet's shares rose over 4% after the Delhi High Court's Division Bench dismissed an appeal by KAL Airways and Kalanithi Maran seeking damages exceeding ₹1,300 crore. This ruling upholds previous rejections by an Arbitral Tribunal and a Single-Judge Bench, ending a long-standing legal dispute. The decision is expected to have positive financial implications for the airline, potentially allowing it to allocate funds towards operations, fleet expansion, or debt reduction.

26May 25

Delhi High Court Dismisses KAL Airways' Appeal Against SpiceJet in Damages Case

The Delhi High Court has dismissed an appeal by KAL Airways and Kalanithi Maran against SpiceJet Limited in a damages claim case exceeding Rs. 1300.00 crore. This ruling denies the appellants' claim for additional damages, marking a significant legal victory for SpiceJet in the ongoing dispute.

07May 25

SpiceJet Temporarily Suspends Flights to Multiple Airports

SpiceJet has announced a temporary suspension of flight services to several airports including Leh, Srinagar, Jammu, and three other unspecified locations until May 10, 05:29 hours. This cancellation is likely to affect numerous passengers' travel plans. While specific reasons for the suspension were not disclosed, affected travelers are advised to contact SpiceJet's customer service, check for updates, and be prepared for potential changes to their itineraries.

24Apr 25

SpiceJet Extends Travel Flexibility for Srinagar Flights Amid Ongoing Situation

SpiceJet has extended travel waivers for flights to and from Srinagar until April 30, allowing passengers to reschedule or cancel without penalties. The airline has also scheduled an additional flight from Srinagar to Delhi on April 23 to meet increased demand. These measures aim to provide flexibility and minimize inconvenience for travelers affected by the ongoing situation in the region.

23Apr 25

SpiceJet Extends Travel Flexibility for Srinagar Flights, Adds Extra Delhi Service

SpiceJet has extended travel waivers for flights to and from Srinagar until April 30, offering passengers increased flexibility for rescheduling and cancellations. The airline is also operating an additional flight from Srinagar to Delhi on April 23 to meet increased demand. These measures aim to provide more options and convenience for travelers in the region.

16Apr 25

SEBI Blocks Elara Capital's ₹400 Crore SpiceJet Warrant Conversion, SAT Appeal Follows

SEBI has halted Elara Capital's attempt to convert warrants worth ₹400 crore into SpiceJet shares. Elara Capital has challenged this decision by approaching the Securities Appellate Tribunal. This intervention could significantly impact SpiceJet's financial strategy, potentially delaying crucial capital infusion and affecting investor confidence. The outcome may influence future financial transactions in the Indian aviation sector.

04Apr 25

SpiceJet Soars High: Daily Delhi-Kathmandu Flights to Take Off from May 10, 2025

SpiceJet announces daily non-stop flights between Delhi and Kathmandu starting May 10, 2025, using Boeing 737 aircraft. This marks the airline's first international route launch following its successful INR 3,000 Crore QIP. The new route aims to cater to tourists, pilgrims, and business travelers. SpiceJet has also expanded its domestic network, revived routes, and received credit rating upgrades post-QIP. The airline hints at more international destinations in the future.

26Mar 25

SpiceJet Soars into Summer 2025 with 24 New Domestic Flights and 3 New Destinations

SpiceJet announces a significant expansion of its domestic network for summer 2025, introducing 24 new flights and adding three new destinations: Tuticorin, Porbandar, and Dehradun. The expansion includes new routes like Ahmedabad-Srinagar and Pune-Varanasi, and reconnects Bengaluru with Goa and Pune with Chennai. The new flight schedule, effective from March 30, 2025, offers daily connections to major cities from the new destinations. SpiceJet aims to enhance connectivity and provide more travel options during the peak summer season.

17Mar 25

SpiceJet Promoter Group Boosts Stake to 33.47% Through Warrant Conversion

SpiceJet's promoter group has converted 13,14,08,514 warrants into equity shares, increasing their stake from 29.11% to 33.47%. Spice Healthcare Private Limited exercised this option, significantly altering the ownership structure. Concurrently, promoter Ajay Singh plans to sell up to 3.15 crore shares to partially fund the warrant conversion. The company will hold a board meeting by March 18, 2025, to formalize the share allotment, adhering to regulatory compliance.

14Mar 25

SpiceJet Shares Tumble as CMD Ajay Singh Offloads ₹52 Crore Stake

SpiceJet's Chairman and Managing Director, Ajay Singh, sold 1.15 crore shares (0.89% stake) in a block deal for ₹52 crore at ₹45.34 per share. The market reacted negatively, with SpiceJet's stock price falling 6.4% to close at ₹45.48. This sale by a top executive has raised concerns among investors about the company's future prospects, especially given the ongoing challenges in the Indian aviation sector.

06Mar 25

SpiceJet Faces Fresh Insolvency Claims Amid Plans to Revive Operations

SpiceJet is confronting insolvency claims totaling $12.4 million from three Irish aircraft lessors and ₹1.70 crore from a former pilot. The airline has requested more time to respond, citing ongoing settlement discussions. Despite these challenges, SpiceJet plans to reintroduce 30 Boeing 737 MAX aircraft within 12-15 months, showcasing its commitment to operational growth amidst financial pressures.

27Feb 25

SpiceJet Shares Dip Despite Q3 Profit: Analyzing the Paradox

SpiceJet reported a profit of ₹26 crore in Q3FY25, reversing a loss of ₹300 crore in Q3FY24. The airline achieved positive net worth of ₹70 crore, raised ₹3,000 crore through QIP, and settled disputes with lessors. Despite these improvements, including a 35% increase in total revenue to ₹1,651 crore and a significant boost in EBITDA, SpiceJet's share price fell over 5%. The market reaction contrasts with the company's financial recovery, possibly due to historical concerns, competitive pressures, and macro-economic factors affecting the aviation industry.

26Feb 25

SpiceJet Soars: Q3 Profit, Positive Net Worth, and Strategic Growth

SpiceJet reported a profit after tax of ₹26 crore for Q3FY25, reversing a ₹300 crore loss from the previous year. Total revenue increased by 35% to ₹1,651 crore. The airline achieved a positive net worth of ₹70 crore for the first time in a decade. SpiceJet successfully raised ₹3,000 crore through a QIP and resolved ₹1,700 crore in debt at ₹1,233 crore, saving ₹467 crore. Operational highlights include inducting 10 aircraft, launching 32 new flights, and securing Haj flight rights for Q1 FY26.