Tag Archives: SpiceJet

The Supreme Court of India has expressed strong dissatisfaction with a recent judgment from a single judge bench of the Delhi High Court in the high-profile arbitration case involving media tycoon Kalanithi Maran and SpiceJet. The apex court criticized the Delhi High Court's handling of the case, labeling the judgment as "atrocious" and lacking in thoughtful analysis.

A massive worldwide outage affecting Microsoft services has led to significant disruptions across various sectors, including aviation, finance, and retail. The technical failure, which began early today, has impacted numerous critical systems, causing severe inconveniences for businesses and consumers globally.

Kalanithi Maran and his firm KAL Airways have announced their intent to seek damages exceeding ₹1,323 crore from SpiceJet and its chief, Ajay Singh. This decision comes in the wake of the recent Delhi High Court order, which they plan to challenge.

SpiceJet, one of India's leading airlines, has taken decisive steps to bolster its operational capacity with the finalization of a lease agreement for 10 additional aircraft. This move, announced by the airline on Thursday, aims to cater to the escalating demand for air travel, especially during peak seasons, ensuring seamless connectivity and enhanced services for passengers.

SpiceJet, led by its promoter Ajay Singh, has submitted a joint bid with Busy Bee Airways Pvt Ltd to acquire the troubled carrier Go First, formerly known as GoAir. This strategic move, if successful, holds the potential to reshape the Indian aviation sector significantly. The bid, filed by Mr. Singh in his personal capacity, marks a significant development in the ongoing efforts to revive Go First and enhance collaboration within the aviation industry.

SpiceJet, a prominent low-cost carrier in India, has initiated workforce reduction measures aimed at saving 1 billion rupees ($12 million) annually as part of its turnaround and cost-cutting strategy. The airline's decision comes following fund infusion efforts aimed at reviving its grounded planes amidst financial challenges.