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spicejet ltd (500285) Snapshot

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spicejet ltd (500285) Details

SpiceJet Limited operates as an airline company in India. The company provides passenger air transportation services under the SpiceJet brand name. As of August 14, 2014, it operated a fleet of 32 Boeing 737-800 and 6 Boeing 737-900ER aircrafts, as well as 15 Bombardier Q-400 aircraft focusing on Tier II and Tier III cities. SpiceJet Limited was incorporated in 1984 and is headquartered in Gurgaon, India.

5,639 Employees
Last Reported Date: 08/22/14
Founded in 1984

spicejet ltd (500285) Top Compensated Officers

Chief Operating Officer
Total Annual Compensation: 10.4M
Compensation as of Fiscal Year 2014.

spicejet ltd (500285) Key Developments

SpiceJet Announces Executive Changes

SpiceJet's chief commercial officer Kaneswaran Avili quit the loss-making budget airline amid a process set in motion by the new owners to replace the top management. SpiceJet plans to induct promoter Ajay Singh's wife Shivani Singh to the company's board and will seek approval of its shareholders next month. The company had last month got an approval from the government to appoint Singh. It was part of a larger restructuring that also included the appointments of Tejpreet S Chopra former India chief of General Electric, and Harsha Vardha na Singh, adjunct professor Columbia University.

SpiceJet Gets Time Till April 7 to Settle Dispute with AWAS Ireland

The Delhi High Court gave SpiceJet time till April 7 to settle dispute with AWAS Ireland. The decision brings relief for the low-cost airline, which has been trying to increase its fleet size for the summer schedule while settling disputes with lessors for non-payment of dues.

Spicejet Enters into Settlement Agreement with Wilmington Trust SP Services

Spicejet has entered into Settlement Agreement with its lessor, Wilmington Trust SP Services (Dublin) with regard to aircraft operated by the company. Under this Settlement Agreement, the lessor has agreed to withdrawal of court proceedings and deregistration process of aircraft subject to SpiceJet satisfying the terms of settlement. Recently, Delhi High Court had directed the aviation regulator directorate general of civil aviation (DGCA) to deregister six Boeing aircraft leased to SpiceJet on the pleas of the two leasing firms. An airline cannot operate an aircraft once it is deregistered by aviation regulator DGCA.

 

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Eva Airways Corp 21.45 TWD -1.60
Jet Airways India Ltd 391.90 INR -17.00
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