spicejet Archives - Aviation Today

Gurugram, India: India’s low-cost carrier SpiceJet has told the Delhi High Court that it faces a serious risk of operational collapse if compelled to immediately deposit ₹144 crore ($17 Million) in an ongoing legal dispute with former promoter Kalanithi Maran and KAL Airways, intensifying concerns over the airline’s fragile financial position. During recent proceedings, SpiceJet informed the court that enforcing the ₹144 crore ($17 Million) payment order at short notice would severely strain its already limited liquidity, potentially disrupting day-to-day operations. The airline sought additional time to arrange funds, arguing that an immediate payout could destabilize its financial structure and impact flight operations. The dispute stems from a long-running arbitration case linked to a 2015 share transfer agreement between SpiceJet and Maran. While the airline maintains it is entitled to eventual refunds after the legal process concludes, courts have continued to press for compliance with interim payment directives. Earlier, the Supreme Court of India declined to stay the deposit order, effectively escalating pressure on the airline to secure funds. Adding to its troubles, a UK court recently directed SpiceJet to pay approximately around ₹66 crore ($8 million) to an engine leasing company over unpaid dues related to maintenance reserves and rent dating back to 2020-2022. The ruling highlights the airline’s growing exposure to international liabilities and creditor actions. SpiceJet’s financial condition has remained under scrutiny, with auditors flagging “going concern” risks in recent assessments. The airline continues to grapple with high debt levels, negative net worth, and persistent losses. Industry data indicates that only a portion of its fleet is currently operational, limiting revenue generation capacity. The airline’s market share has also eroded significantly in recent years, as larger competitors consolidate dominance in India’s domestic aviation sector. In an attempt to improve liquidity, SpiceJet has initiated efforts to sell non-core assets, including land holdings in Gurugram, reportedly through a structured sale process. However, the court did not accept these assets as immediate security against the payment obligation, emphasising the airline’s lack of readily available cash reserves. The airline’s challenges are further compounded by rising aviation turbine fuel (ATF) prices and operational disruptions linked to geopolitical tensions in West Asia, which have forced route adjustments and increased fuel burn. These factors have added to cost pressures at a time when the airline’s balance sheet remains under strain.

SpiceJet Warns Of Collapse Amid $17M Court Battle And Mounting Debt Pressure Crisis

Aviation Today News Desk / April 15, 2026

Gurugram, India: India’s low-cost carrier SpiceJet has told the Delhi High Court that it faces a serious risk of operational […]

India

India Sees 11 Airline Exits Since 2016 Amid Financial Stress, Structural Challenges

Aviation Today News Desk / April 4, 2026

New Delhi, India: At least 11 airlines have exited India’s aviation sector since 2016, the government informed Parliament, focusing on

India

Govt Puts 60% No-Fee Seat Selection Rule On Hold Amid Airline Revenue Concerns

Aviation Today News Desk / April 3, 2026

New Delhi, India: The Ministry of Civil Aviation has placed on hold its directive requiring airlines to offer at least

India

Govt Removes Fare Caps As Airlines Oppose 60% Seats Free Of Selection Charges

Aviation Today News Desk / March 24, 2026

New Delhi, India: A policy push by the government to strengthen passenger rights and enforce fare transparency has triggered sharp

Airports

Drone Strike Near Dubai Airport Triggers Fire & Flight Suspensions Amid Gulf Crisis

Aviation Today News Desk / March 17, 2026

Dubai, United Arab Emirates: An Iranian drone strike near Dubai International Airport triggered a major fuel tank fire on March

India

IndiGo Tops India In Pilot Numbers But Has Lowest Pilot-To-Aircraft Ratio At 7.6

Aviation Today News Desk / March 13, 2026

New Delhi, India: India’s largest airline IndiGo has the lowest pilot-to-aircraft ratio among domestic carriers, the government informed Parliament, highlighting

Incidents

SpiceJet Delhi-Leh Flight Makes Emergency Return After Engine Snag, All 150 Onboard Safe

Aviation Today News Desk / February 25, 2026

New Delhi, India: A SpiceJet aircraft operating on the SG-121 Delhi–Leh route made an emergency return to Indira Gandhi International

India

India’s Domestic Air Traffic Hits 166.9M Passengers In 2025 Despite IndiGo Disruptions

Aviation Today News Desk / February 15, 2026

Delhi, India: India’s domestic aviation sector sustained its expansion in 2025, with scheduled domestic carriers ferrying 1,669.46 lakh (166.946 million) passengers for

India

IndiGo, Air India, SpiceJet Flag DGCA’s Revised FDTL Framework As More Restrictive

Aviation Today News Desk / February 13, 2026

Delhi, India: India’s leading airlines, including IndiGo, Air India, and SpiceJet, have raised strong objections to newly implemented Flight Duty

India

DGCA Says 377 Of 754 Indian Commercial Aircrafts Show Recurring Technical Defects

Aviation Today News Desk / February 6, 2026

Delhi, India: Nearly 50% of Indian commercial aircraft audited by the Directorate General of Civil Aviation (DGCA) have been identified

spicejet

Govt Puts 60% No-Fee Seat Selection Rule On Hold Amid Airline Revenue Concerns

Govt Removes Fare Caps As Airlines Oppose 60% Seats Free Of Selection Charges

Drone Strike Near Dubai Airport Triggers Fire & Flight Suspensions Amid Gulf Crisis

IndiGo Tops India In Pilot Numbers But Has Lowest Pilot-To-Aircraft Ratio At 7.6

SpiceJet Delhi-Leh Flight Makes Emergency Return After Engine Snag, All 150 Onboard Safe

IndiGo, Air India, SpiceJet Flag DGCA’s Revised FDTL Framework As More Restrictive

DGCA Says 377 Of 754 Indian Commercial Aircrafts Show Recurring Technical Defects

Follow Us

Quick Links

Navigate

General Support

News Desk Support

Follow Us