SpiceJet shares plunge 17% as airline asks for govt help

Last Updated: Tuesday, December 16, 2014, 13:28

In four trading sessions, the stock has crashed over 25 percent, eroding Rs 216.63 crore from its market value.

SpiceJet moves govt, gets temporary relief

Last Updated: Tuesday, December 16, 2014, 11:50

With an imminent closure staring at its face, beleaguered SpiceJet on Monday got a breather with indications that state-run Airports Authority of India would not press for immediate clearing of Rs 200 crore dues after the airline's promoter Kalanithi Maran gave personal guarantees to infuse more funds.

SpiceJet skids over 12% in 12 days post Jhunjhunwala check-in

Last Updated: Tuesday, December 9, 2014, 18:02

In a rare case of a Rakesh Jhunjhunwala-invested stock going on a free-fall, the ace investor's investment in SpiceJet has depreciated by over 12 percent within 12 days amid mounting troubles for the cash-strapped budget carrier.

SpiceJet shares hit air pocket, slump nearly 14%

Last Updated: Friday, December 5, 2014, 18:47

Shares of SpiceJet slumped almost 14 percent Friday amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier, even as the company denied any such move.

SpiceJet denies AAI has put it on cash-and-carry mode

Last Updated: Friday, December 5, 2014, 17:17

Budget passenger carrier SpiceJet Friday refuted allegations that its operations have been placed by the airport operator on cash-and-carry mode.

Spicejet shares slump nearly 13%

Last Updated: Friday, December 5, 2014, 14:17

Shares of Spicejet tumbled nearly 13 percent on Friday amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier.

Dubai to invest $32-bn to build world's largest airport

Last Updated: Sunday, November 30, 2014, 15:01

The proposed new airport will become the world's largest aviation facility on completion and will have five runways which all will be simultaneously operational.

Airbus A-380s to operate from Delhi, Mumbai, Hyderabad and Bangalore

Last Updated: Monday, January 27, 2014, 16:10

The restrictions on the fully double-decker planes were lifted after weeks of consultation between Directorate General of Civil Aviation, Air India and Airports Authority of India.

AAI Chairman V P Agarwal removed; Sinha given addnl charge

Last Updated: Friday, January 24, 2014, 11:28

In a late Thursday night development, chairman of the state-run Airports Authority of India, V P Agarwal, was removed from his post apparently because of his "opposition" to privatisation of more airports in the country, sources said.

Process of privatisation of 6 airports to continue: Minister

Last Updated: Tuesday, January 14, 2014, 15:34

The time to carry forward the process of privatisation of six airports is running short but the process would continue even if the government does not, Civil Aviation Minister Ajit Singh said on Tuesday.

GVK likely to close shortly stake sale in airports biz

Last Updated: Sunday, January 12, 2014, 18:48

Hyderabad-based diversified infra group GVK is likely to finalise stake dilution in its airport business over the next couple of months and the proceeds will be used to clear Rs 2,500-crore non-operational debt.

No carry-on liquids at Moscow airports for Olympics

Last Updated: Thursday, January 9, 2014, 03:16

All carry-on liquids will be banned at Moscow`s three international airports ahead of next month`s Winter Olympics in Sochi for security concern, the Russian flight authority posted the decision Wednesday.