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SpiceJet proposes up to Rs 15 crore annual pay for Ajay Singh

In the black for seven straight quarters, SpiceJet plans to pay up to Rs 15 crore annual remuneration, including a fixed monthly salary of Rs 50 lakh, to its Managing Director Ajay Singh.

Congress leader Ajay Singh's nephew beaten, attacked with axes to death by Naxals in Bijapur

Congress leader Ajay Singh's nephew beaten, attacked with axes to death by Naxals in Bijapur

In a tragic incident, senior Congress leader Ajay Singh's nephew was shot dead by Naxals in Bijapur district of Chhattisgarh in the wee hours on Friday.

Boxing reforms: AIBA appoints its VP as observer for BFI elections

Boxing reforms: AIBA appoints its VP as observer for BFI elections

Indian boxing is aiming an administrative revival with the elections, which would put together BFI, a second governing body to take shape in the last four years.

Share-transfer dispute: Delhi HC asks Spicejet, Kalanithi Maran to set up arbitral tribunal

Share-transfer dispute: Delhi HC asks Spicejet, Kalanithi Maran to set up arbitral tribunal

Delhi High Court on Friday directed Spicejet and Kalanithi Maran to set up arbitral tribunal which has to decide the issue in 12 months.

SpiceJet to address legacy issues in 2-3 quarters: Ajay Singh

SpiceJet to address legacy issues in 2-3 quarters: Ajay Singh

Budget carrier SpiceJet expects to address all its legacy issues, including those related to aircraft costs, in the next 2-3 quarters after tackling the low-hanging ones, its chief Ajay Singh has said.

SpiceJet re-negotiating contracts to bring down costs: Ajay Singh

SpiceJet re-negotiating contracts to bring down costs: Ajay Singh

To reduce overall costs, SpiceJet is re-negotiating contracts related to aircraft lease, engineering, maintenance and other areas as some of the pacts are "out of sync" with realities, airline's chief Ajay Singh said.

SpiceJet posts Rs 238 crore profit for third quarter

SpiceJet posts Rs 238 crore profit for third quarter

This is also the highest ever profit recorded by the carrier, which was facing turbulent times a year ago.

SpiceJet says to order over 150 planes in current financial year

SpiceJet says to order over 150 planes in current financial year

"We are in the process of placing a large aircraft order. The airline will order in excess of 150 planes - we hope to do that in this financial year," Ajay Singh, SpiceJet’s chairman and managing director, told a news conference in Dubai. 

SpiceJet to order 'significant' number of aircraft this fiscal

SpiceJet to order 'significant' number of aircraft this fiscal

Without divulging details, he said the number of aircraft to be ordered will depend on the deal that it gets from the manufacturers.

SpiceJet shareholders approve Ajay Singh's appointment as MD

SpiceJet shareholders approve Ajay Singh's appointment as MD

Singh, who came to the rescue of the no-frills carrier, was appointed as Managing Director by the board with effect from May 21 for a three-year period.

SpiceJet to buy 100 planes, in talks with aircraft makers

SpiceJet Ltd is in talks with Boeing Co and Airbus Group to acquire about 100 new narrow-body jets, its chief financial officer said on Wednesday, in a deal worth about $11 billion at list prices.

SpiceJet's turnaround continues, reports highest ever quarterly profit

SpiceJet on Tuesday posted its second straight quarterly profit at Rs 71.8 crore in the three months ended June, helped by a steep 42 percent reduction in costs and higher seat occupancy.

SpiceJet shares close over 3% higher on stake sale reports

Shares of low-cost airline SpiceJet were in demand Friday, rising over 3 percent, amid media reports of stake sale.

SpiceJet says in early talks with investors, denies tie-up with airlines

SpiceJet Friday said a few potential investors are currently in "exploratory and preliminary" discussion with it, evincing interest to invest in the no-frills carrier while denying reports of entering into any commercial tie-up with any airline.

Govt extended 'light hand-holding' to SpiceJet: Aviation Minister

The government had extended "light hand-holding" to SpiceJet when it went through turbulent times, according to Civil Aviation Minister Ashok Gajapathi Raju.

SpiceJet says no default on TDS obligations

With a Delhi court summoning SpiceJet and its former executives in income tax cases, the budget carrier Wednesday said it has not defaulted on any tax-deducted at source (TDS) obligations.

SpiceJet takes delivery of another Airbus plane

No-frills carrier SpiceJet, which is looking to expand its fleet, has taken delivery of another Airbus plane on wet lease basis.

SpiceJet's Ajay Singh pledges over half of his stake

At least more than one-fifth of SpiceJet shares have been pledged, with its promoter Ajay Singh pledging nearly 34 percent of his stake in the low-cost carrier.

SpiceJet shares jump over 8% on fleet expansion plans

Shares of SpiceJet rose over 8 percent today as its chairman and main promoter Ajay Singh will invest more money in the airline for fleet expansion.

Ajay Singh to invest more in 'upswing' SpiceJet's fleet expansion

Singh, the original co-founder, has so far invested about Rs 800 crore into the no-frills airline since he took back the reins last December after a major crisis had hit the company.