Expanding Operational Capacity Indian low-cost carrier SpiceJet announced this week that it will induct three Airbus A320 aircraft into its fleet while simultaneously returning a grounded Boeing 737 MAX to active service. This strategic expansion aims to bolster the airline’s network capacity and improve operational reliability across its domestic and regional routes as travel demand…
SpiceJet, the embattled Indian budget carrier, has been served a significant tax demand notice totaling ₹124.65 crore by the Goods and Services Tax (GST) authorities. This action, initiated this week, follows the airline’s failure to file mandatory tax returns over several consecutive months, triggering a broader investigation into its financial compliance. Beyond the monetary demand,…
Discover why SpiceJet faces a ₹124 crore GST demand notice for tax compliance failures amidst ongoing financial struggles.
Sunbird France has officially petitioned the Delhi High Court to enforce an $8 million arbitration award granted by a London court against Indian carrier SpiceJet. The legal move, filed this week, centers on long-standing disputes regarding unpaid engine lease rentals and associated maintenance dues. This development marks a significant escalation in the financial pressures currently…
New Liquidity Windows for Indian Carriers SpiceJet and Akasa Air have emerged as the primary contenders to secure airline-specific credit lines under the Indian government’s Emergency Credit Line Guarantee Scheme (ECLGS), according to industry reports surfacing this week. The initiative, aimed at stabilizing the aviation sector, offers loans capped at ₹1,000 crore per carrier with…