SpiceJet to add 10 new aircraft by Novemberend, boosting fleet and operations.  Seven planes to be leased; three grounded planes to reenter service.  Shares surged 9% to Rs 63 on BSE following th...

Welcome to News Discussion's Private Community

- **SpiceJet** to add **10 new aircraft** by November-end, boosting fleet and operations.
- **Seven planes** to be leased; **three grounded planes** to re-enter service.
- Shares surged **9%** to **Rs 63** on BSE following the announcement.
- Recent **Rs 3,000 crore QIP** attracted major investors like **Goldman Sachs** and **Morgan Stanley**.
- Additional **Rs 736 crore** from previous funding round to support growth and financial stability.

Source: [News 18](https://www.news18.com/business/markets/spicejet-to-induct-10-planes-by-november-end-shares-surge-9-9078112.html), [The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/spicejet-shares-rally-10-as-co-to-add-10-new-aircraft-to-fleet-by-november-end/articleshow/114036044.cms), [The Economic Times](https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/spicejet-to-add-10-more-planes-to-expand-its-fleet/articleshow/114035180.cms)

SpiceJet Expands Fleet with 10 New Aircraft

Journalist

SpiceJet Expands Fleet with 10 New Aircraft- Grapevine

https://www.business-standard.com/companies/news/cash-strapped-spicejet-to-lay-off-1-400-employees-as-cost-cutting-measure-124021200227_1.html

SpiceJet to layoff 1400 employees

Product Manager

Why they keep price so high even when 90% seats are vacant...

I simply couldn't understand.

They are against unit economics or what...

Case 1, Price of Ticket 10k if 90% seats available

Case 2, Price is 11k if 10% seats available

Chal kya rha h ?

Flight Firms gone mad 💢

Senior Consultant

- **SpiceJet Ltd** is facing new insolvency proceedings initiated by **Aviator ML 29641 Ltd** over unpaid dues of **₹58 crore**.
- The lessor claims SpiceJet failed to pay rental charges for a **Boeing 737**. SpiceJet disputes the debt, citing objections.
- The **NCLT** has directed the lessor to present SpiceJet's reply and scheduled a hearing for **November 11**.
- SpiceJet is dealing with multiple insolvency petitions from various lessors, but none have been admitted by the NCLT yet.
- Lessors like **Wilmington Trust**, **Willis Lease Finance**, and others have approached the tribunal against SpiceJet.

Source: [The Economic Times](https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/spicejet-faces-yet-another-insolvency-proceeding-by-lessor/articleshow/114226463.cms)

SpiceJet Faces Fresh Insolvency Proceedings

So why are domestic flights more expensive than International flights?

I was checking flight to Ranchi for today it is showing 21k 

While today's
flights for Bangkok is 14k
flight for Dubai is 13k
flight for hongkong 16k

Why are flights so expensive nowadays?

Software Engineer

Layoff trend started by Elon Musk now has reached airlines as well.

SpiceJet layoff

Lawyer

Does anyone feel like domestic flight rates increased 1.6x -2x for 2024?

what's the reason for this surge even when there are no long weekends?

Any tricks to get back to old prices atleast at 1.3x?

Domestic Flight Rates 2024

Growth Manager

Aviation industry is going through a lot lately. Any PM would not have thought of this problem

Spice jet not for beginners

Associate Product Manager

- IndiGo has received SEBI's approval to float its **VC arm**, IndiGo Ventures.
- The fund will start investing in startups by the end of **FY25**.
- It will focus on startups in aviation, travel, lifestyle, hospitality, and transport.
- This follows IndiGo's establishment of a financial services division with an initial investment of **INR 30 Cr**.
- The move comes amid a surge in startup funding in India, with $8.7 Bn raised in the first nine months of this year.

Source: [Inc42](https://inc42.com/buzz/indigo-gets-sebi-nod-to-float-vc-arm-to-back-startups/)

IndiGo's VC Arm Gets SEBI Approval to Back Startups

Pretty much the title. No layoffs , crazy high salaries. Too much being spent on pretentious "organic" marketing.

How is CRED not collapsing?

Business Analyst

- The Competition Commission of India (CCI) has sent nearly 100 antitrust queries to Reliance Industries and Walt Disney regarding their $8.5 billion merger of Indian media assets.
- The CCI's inquiries include questions about sports rights, increasing scrutiny of the deal, which aims to create the biggest entertainment company in India with 120 TV channels and two streaming services.
- Reliance and Disney have argued that the merger won't hurt competition, noting that cricket rights will expire in 2027 and 2028, allowing competitors to bid.
- The CCI has also asked why YouTube should be treated the same as paid services like Netflix and Disney, given its significant market share in India.
- The merger, once approved, is expected to control 40% of India's television and streaming market, significantly altering the $28 billion entertainment industry. 

 Source: [Live Mint ](https://www.livemint.com/companies/news/reliancedisney-8-5-billion-merger-faces-scrutiny-cci-sends-100-antitrust-queries-11721640560654.html)

Reliance-Disney $8.5 Billion Merger Faces Intense Scrutiny by CCI

In India - Airlines are ordering 100's of aircrafts, ticket prices surged, people are thinking to avoid pricy tickets, due to jobs. We are not in recession.
How are the calculations made for count of aircrafts to buy?

Europe - their economy ain't better than India currently, why do they need more aircrafts?

Care to explain the math of survival/profit??

Aviation Economics

Welcome to Software Engineers's Private Community

Anyone know if others are also facing the same?

Swiggy forcing pip and silently laying off with absurd reasons

- Swiggy received shareholders' approval to increase fresh issue size to INR 5,000 Cr. 
- The foodtech major aims to raise $1.4 Bn through its IPO, at a likely valuation of $15 Bn. 
- The IPO will also include an offer for sale component of 18.53 Cr shares. 
- US-based asset manager Invesco recently marked up Swiggy’s valuation to $13.3 Bn. 
- Despite widening net loss, Swiggy’s revenue from operations increased 35% due to strong growth in food delivery and quick commerce businesses.

Source: [Inc42](https://inc42.com/buzz/swiggy-ipo-foodtech-major-gets-shareholders-nod-to-up-fresh-issue-size-to-inr-5000-cr/)

Swiggy Shareholders Approve Fresh Issue Size Increase to INR 5,000 Cr

Welcome to Personal Finance's Private Community

Hi All,

If you have any particular stocks in mind which could go up after the election results. Please share. 

Note: I know that we should not blindly trust speculations but I have left trading stocks a long time ago. I know prices fluctuate very much after the elections, so just wanted to know the stocks which you are positive about.

Any Particular Stocks to buy before June 4

Software Developer

- Swiggy plans to increase its IPO size from Rs 3,750 crore to Rs 5,000 crore through a fresh issue of shares.
- The final decision will be made at the company's extraordinary general meeting on October 3.
- The total IPO size could reach $1.4 billion if the new proposal is approved.
- Rivals like Zomato and Blinkit have improved profitability, intensifying market competition.
- Swiggy's revenue grew 36 percent in FY24, while losses decreased by 44 percent. 

 Source: [Moneycontrol](https://api.gvine.app/admin/grapevine/post/0b3956c3-e191-49bb-9014-61e765005b22/change/)

Swiggy Boosts IPO Size to Rs 5,000 Crore Amidst Fierce Market Competition

Airport/flight experiences is decreasing day by day, meanwhile the flight prices are increasing like crazy.

Flight costs are like anything

- **Tier 1** (Should Book These): 
Vistara (for comfort, feels, food)
Indigo (for being cost effective, on time, no frills) 

- **Tier 2** (Doable): 
Air India (some planes are good now, but still inconsistent)
Spicejet (if you are in luck, it's not too bad anymore) 

- **Tier 3** (I Don't Value My Life)
Air India Express (fka Air Asia - avoid for life)
Akasa (it's a great flight, as long as you assume your takeoff is at T+2 hours by default) 

Feel free to opine but this is how it is. I fly every month and have done so for years now. 
Hope this helps before you book for Diwali.

Indian Airlines: Tier List 🛫

Investor

Corporate Strategist

- Around 600 non-flying staff from Air India and Vistara are likely to be impacted by the merger.
- Efforts will be made to provide job opportunities within Air India group and Tata companies for the affected employees.
- The exact number of impacted staff will be known after the merger's completion, expected in late September or early October.
- The fitment process, evaluating roles and responsibilities, has been ongoing for months and is being conducted fairly.
- There will be no job impact for cabin crew and pilots, and the merger aims for growth, not cost-cutting.

SpiceJet Expands Fleet with 10 New Aircraft

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