News

SpiceJet Limited clarified to the BSE Limited that a regulatory monitoring review by the Directorate General of Civil Aviation (DGCA) concerning the airline`s operational and financial position should not be construed as a new finding of safety concerns, noting that the airline underwent 266 spot checks by the DGCA in 2024 and recorded zero Level 1 findings in 2025, and renewed its IATA Operational Safety Audit (IOSA) certification in March 2025. The company also stated it is unaware of any negotiations or material information beyond what has already been disclosed that could explain recent movement in the trading of its securities.

SpiceJet Limited informed the BSE Limited that the trading window for dealing in securities of the company will be closed from October 1, 2026, for designated persons until the declaration of unaudited financial results for the second quarter and half year ended September 30, 2026, and forty-eight hours thereafter.

The board of SpiceJet at its meeting held on 05 June 2026 has approved the change of the Company`s Registered Office from �Indira Gandhi International Airport, Terminal 1D, New Delhi � 110037� to �505, 5th Floor, Caddie Commercial Tower, Aerocity (DIAL), New Delhi � 110037�, within the local limits of New Delhi, with immediate effect.

SpiceJet has taken note of the order passed by the Supreme Court of India, which declined to interfere with the earlier direction to provide a security deposit of Rs 144 crore to the court pending hearing on SpiceJet`s claims. The company is examining the order and will comply with all court directions. SpiceJet would like to assure all stakeholders that this development has no impact on its day-to-day operations.The matter arises from a share transfer agreement involving SpiceJet, its promoter Ajay Singh, KAL Airways and Kalanithi Maran. SpiceJet has paid a total of Rs 730 crore to Kalanithi Maran and KAL Airways, including the entire principal amount of Rs 580 crore and Rs 150 crore towards interest. The remaining amount, as directed by the court, will be deposited in court in accordance with the arbitration process. The amount being paid by Spicejet is in the nature of a deposit held by the Court while SpiceJet`s appeal is being decided by the Court. SpiceJet remains confident of receiving a potential refund of Rs 449 crore on the culmination of this legal process.Claims of over Rs 1,300 crore in damages made by KAL Airways and Kalanithi Maran have been rejected and these orders have attained finality. All challenges to the arbitral award by KAL Airways and Kalanithi Maran have also been dismissed. SpiceJet`s claims against KAL Airways and Kalanithi Maran for a refund of amounts paid is being heard by the Delhi High Court and there is a prima facie finding of the Court in favour of SpiceJet.Powered by Capital Market - Live News

SpiceJet has received a Memorandum of Understanding (MoU) for the induction of 10 aircraft, marking another important step in the airline`s ongoing capacity expansion and network rebuilding efforts. This development follows the Board`s approval, announced last week, for a calibrated ramp-up of the fleet to 60 aircraft through a mix of wet and damp leases, along with the phased return to service of existing grounded aircraft. SpiceJet`s recovery has gathered pace in recent months. The airline doubled its capacity in the last quarter, with Available Seat Kilometres (ASKMs) rising from around 55 crore to 105 crore, reflecting a sharp increase in network strength. Building on this momentum, SpiceJet plans to more than double its capacity during the year, targeting 220 crore Available Seat Kilometres by Winter 2026, while operating over 300 daily flights across its network. The expansion is aimed at strengthening connectivity, improving operational reliability and meeting strong passenger demand, while maintaining a disciplined and sustainable approach to growth.Debojo Maharshi, Chief Business Officer, SpiceJet, said, �Doubling our capacity in the last quarter has been a significant milestone, and the plans we have in place to more than double it further this year reflect growing confidence in the business and strong demand across the network. The receipt of this MoU is an encouraging development as we continue to rebuild and expand our operations in a measured manner. Our focus remains on restoring capacity, strengthening connectivity and improving reliability for our passengers.�Powered by Capital Market - Live News