Madras HC has ordered winding up of SpiceJet Ltd over non-payment of $24 million in dues to Credit Suisse AG. But order kept in abeyance to allow SpiceJet time to deposit $5 million.
The airline said the high court has stayed the order for a period of three weeks, subject to the condition that it deposits $5 million within two weeks.
Singh said he’d like to add another 30-40 passenger planes to SpiceJet’s fleet over the next 2 years, on top of an existing order book that includes 155 Boeing 737 Max aircraft.
The accused were arrested by customs officials at Indira Gandhi International airport for allegedly smuggling into the country gold worth Rs 72.46 lakh, an official statement said.
SpiceJet booked other income of Rs 10.9 bn, the amount it expected to get in compensation from Boeing for not being able to fly its 13 Max aircraft, helping the company to trim its losses.
Airlines were forced to resort to layoffs, salary cuts and leave without pay after the Covid pandemic hit. Nearly a year since, it is seeing a growth in demand.
Economic impact of Covid has prompted airlines to look for new revenue streams. Qantas Airways rented a Dreamliner for sightseeing trips over Antarctica while AirAsia started selling produce.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
COMMENTS