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Top related persons:
Francis Mascarenhas - 1 India's SpiceJet - 1 SpiceJet - 1 dally - 1 Ajay Singh - 1 Singh - 1 Kalanithi Maran - 1 Maran - 1
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Chhatrapati Shivaji Mumbai India DELHI SpiceJet
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Search resuls for: "India's SpiceJet"


2 mentions found


☆ India's SpiceJet to pay $1.5 mln to Credit Suisse after court order
  + stars: | 2023-09-11 | by ( Aditi Shah Arpan Chaturvedi | Aditi Shah | Arpan Chaturvedi | ) www.reuters.com   time to read: +2 min
A SpiceJet passenger aircraft taxis on the tarmac at Chhatrapati Shivaji International Airport in Mumbai, India, May 29, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsNEW DELHI, Sept 11 (Reuters) - India's SpiceJet said on Monday it would pay $1.5 million to Credit Suisse as demanded by the country's top court. If SpiceJet fails to pay, the Supreme Court will take "drastic action" at the next hearing on Sept. 22, it said. The airline had previously said the Credit Suisse debt was an old one that predated the tenure of its current management. In that case, also heard on Monday at a Delhi High Court, SpiceJet said it had deposited 625 million rupees of that amount.
Persons: Francis Mascarenhas, India's SpiceJet, SpiceJet, dally, Ajay Singh, Singh, Kalanithi Maran, Maran, Arpan Chaturvedi, Aditi Shah, Yagnoseni Das, Aditya Kalra, Himani Sarkar, Miral Fahmy, Mark Potter Organizations: REUTERS, Credit Suisse, India's, Madras, Court, Thomson Locations: Chhatrapati Shivaji, Mumbai, India, DELHI, SpiceJet
☆ India's SpiceJet posts surge in Q3 passenger revenue on travel rebound
  + stars: | 2023-02-24 | by ( ) www.reuters.com   time to read: +2 min
BENGALURU, Feb 24 (Reuters) - India's SpiceJet Ltd (SPJT.NS) reported a 33% surge in third-quarter passenger revenue on Friday as the low-cost carrier flew more customers at higher fares amid a boom in travel demand, sending shares up 13% to a two-month high. The results come as the cash-strapped airline looks to raise capital with competition heating up in the industry. A rebound in passenger travel ensured strength in revenue for airlines like SpiceJet and rival IndiGo (INGL.NS). For the quarter ended Dec. 31, SpiceJet's passenger revenue surged 33% as yields, a proxy for airfares, jumped 21%. ($1 = 82.7550 Indian rupees)Reporting by Nallur Sethuraman and Chris Thomas in Bengaluru; Editing by Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.
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