hainan three kings jinhua wechat
betting entertainment website evaluation
2018 golden sand king of gambler,500million casino,a chess story,aitou soccer lottery shrink software,application for macau grand lisboa account opening,babylon international account opening,baccarat da,Baccarat Live CD,Baccarat Skills Betting Pairs,baijin live entertainment,bbin complaint platform,best live blackjack uk,betting forum website,betway app kya hai,bizhao card game,boeing international entertainment,brilliant international entertainment,candy party 2 fun to play,candy party rebate money,cash live zhajinhua,casino forum,casino uk online,changsheng electronic entertainment center,china town entertainment,crazy bull fight game,cricket match today,crown live index,dafa jnzhuan,dafa888 official 6,dayang lottery official website account opening,dongfanghongyun live casino,east hawaii,electronic gaming additions,eshibo tianshangrenjian entertainment,European Cup Football Report,ferrari entertainment,Football betting water level breakdown,football lottery best website,football lottery market web,football lottery quiz give up,football lottery software purchase,football video,fruit slot machine 2,fun88 logo png,galaxy dongli official website,galaxy feijiang online,galaxy sign up give away 15yuan,gambling slot machine,gh football news,golden city give away 58 bonus,golden sand real money market,guaiyiqinboshi real people,happy birthday to farmer,hg0088 new2 real web m,hongyun slot machine entertainment,how to earn in lianhuanduobao,how was crown,i poker rooms,ipl start date 2021,jackpot joy games,jindao betting casino,jixianghu give away bonus collection,kowloon lisboa duxia poems,latest wynn online,letoule betting skill forum 3d,lianhuanduobao keep consuming points,liga j lovebet,lisboa electronic gaming collection,live blackjack florida,live entertainment sign up free money,longbo account opening,lottery online india,lovebet 50/1 england vs scotland,lovebet international,lovebet the sun,lucky days casino no deposit,macau baccarat 88,macau entertainment industry account opening,macau gold cup registration,macau lion slot machine,macau online electronic gaming,macau starworld international casino web,macau xinhaotiandi entertainment official website,market web live dealer,mingsheng address top up,mobile version the venetian entertainment,nba basketball website nba analysis network,new the venetian sign up,niuniu tongbao withdrawal process,on lisboa account opening web,online casino goa,online gambling forum,online live card play,online real money card game,onlinr three cards game,parimatch vs bet365,point rummy tips,poker tra amici pokerstars,pt slot machine dahongying,quanming electronic gaming,Rank 3 agents,real money rating,real people real event boke,reload 8yuan give away bonus,roulette youtube system,rummy fashion,russell hill lovebet h brown,shenbo asia entertainment official website,shuihuzhuan slot machine card game,singapore golden sand web,slot machine forum collection,slot machine play,slots 97,soccer lottery asian handicap 0.5,soccer lottery plan software download,sp quanxunwang url,sports lottery handicap,sportsbook company rating official website,suncity give away 300 bonus,teen patti table,The difference between a gambling machine and a gambling machine,the venetian entertainment card games,tian tian entertainment web,top live casino,up points down points niuniu,vwin real people casino,wechat lianhuanduobao,what is niuniu gambling,which casino,withdrawal from 10cric,wynn latest betting official website,xinhao happy up down points,yahoo sportsbook mgm,yishengbo betting,yubianhui entertainment web,zui jia casino
,SpiceJet in active discussion for partial stake sale
hainan three kings jinhua wechat
SpiceJet in active discussion for partial stake sale
Follow us on
Image Source : PTI SpiceJet promoter Ajay Singh mulls stake sale, say sources
Highlights
With the news of possible stake sale, the shares of the airline rose around 5% to trade at Rs 46.55
The airline continues to be in discussions with various investors to secure sustainable financing
It will make appropriate disclosures in accordance with applicable regulations, a spokesperson said
SpiceJet promoter Ajay Singh is mulling the possibility of a partial stake sale in the airline, sources have said. Singh, who currently reportedly holds a majority 60 per cent in the airline, said the company continues to be in discussions with various investors to secure financing.
"The company continues to be in discussions with various investors to secure sustainable financing and will make appropriate disclosures in accordance with applicable regulations," a SpiceJet spokesperson said.
Meanwhile, in reaction to the news of a possible stake sale by the promoter, the shares of the airline rose around 5 per cent to trade at Rs 46.55.
Separately, the low-cost carrier on Tuesday entered into a full and final settlement with the Airports Authority of India (AAI) and cleared all outstanding principal dues of the airport operator.
With this, SpiceJet will no longer remain on 'cash and carry' at AAI-run airports across the country and will revert to an advance payment mechanism for daily flight operations.
SpiceJet's ability to clear the pending dues reflects the airline's improved cash flow in recent times.
In another big boost for the airline, AAI will release SpiceJet's Rs 50 crore bank guarantee following the airline clearing all its principal dues. This will result in additional liquidity for the airline, SpiceJet had said in a statement.
However, SpiceJet has been going through a highly turbulent phase in recent times on account of several glitches and a non-adherence to mandated guidelines in regards to the training of some pilots.
It all started in April 2022 when the aviation watchdog the Directorate General of Civil Aviation (DGCA) had restrained 90 pilots of the airline from operating Boeing 737 Max aircraft, after finding they were not properly trained.
Those pilots were trained on a faulty simulator, and the aviation regulator asked the airline to retrain the pilots, besides slapping a fine of Rs 10 lakh.
Multiple incidents were reported this year when SpiceJet and other carrier's aircraft either turned back to their originating station or continued landing at the destination with degraded safety margins
Civil aviation regulator DGCA has recently ordered SpiceJet to operate a maximum of 50 per cent of its flights for eight weeks after several of its planes reported technical malfunctions.
Upon having reported repeated snags, civil aviation regulator Director General of Directorate General of Civil Aviation (DGCA) Arun Kumar recently said aircraft systems are reasonably robust and do have multiple redundancies but component failures do not imply that it is compromising the safety of the passengers.
(With inputs from ANI)
Also Read | SpiceJet clears all outstanding principal dues of AAI
