Articles for tag: Aims, Aircraft, Battling, Challenges, Dire, Facing, Financial, Fleet, Legal, operational, Revival, SpiceJet, Struggles

September 23, 2024

Facing dire financial struggles, SpiceJet aims for a fleet revival to 100 aircraft by 2026, battling legal and operational challenges.

SpiceJet, the domestic airline based in Gurugram, aims to expand its fleet to 100 aircraft by 2026, following a successful fundraising of Rs 3,000 crore through a qualified institutional placement. Chairman Ajay Singh noted that past challenges, including the grounding of Boeing 737 Max planes and the Covid-19 pandemic, have impacted the airline’s performance. Although ...

September 13, 2024

Market News

Business

SpiceJet’s shareholders approve raising ₹3,000 crore amid financial struggles, grounding of aircraft, and legal battles as shares surge.

SpiceJet has received approval from its shareholders to raise up to Rs 3,000 crore through the issuance of securities. The airline, which is facing significant challenges including financial issues, legal disputes, and a reduced fleet, aims to use these funds to meet its various obligations. In a recent regulatory filing, SpiceJet confirmed that the capital ...

May 17, 2024

Market News

Today’s Current Affairs Of World

Current Affairs Question and Answers: ATACMS Strikes Crimea, Russian S-400 Radar and MiG-31 Aircraft Targeted

Today’s Current Affairs: Ukraine’s Offensive in Crimea with US-supplied ATACMS The ongoing conflict in Crimea has taken a new turn as Ukraine utilizes the Army Tactical Missile Systems (ATACMS) provided by the US. These long-range missiles have proven effective in targeting and destroying key Russian military assets in the region. The recent deliveries of advanced ...

May 16, 2024

Market News

Business

United Airlines Cleared for Takeoff: FAA Lifts Restrictions on New Aircraft and Routes

The Federal Aviation Administration has recently announced the lifting of restrictions on United Airlines, allowing the carrier to add new aircraft and routes to its roster. This decision comes as a welcome relief for the airline, which has been eager to expand its operations. With these new opportunities, United Airlines is poised to bring even ...