Har 3 saal me bankrupt ho jata hai Spicejet

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. SpiceJe...

Welcome to News Discussion's Private Community

- **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

Journalist

SpiceJet Faces Fresh Insolvency Proceedings- 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

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

SpiceJet layoff

Lawyer

- **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

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

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

- **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

- 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

Welcome to Indian Startups's Private Community

The National Company Law Tribunal (NCLT) has admitted an insolvency plea against Sporta Technologies, the operator of the fantasy gaming firm Dream11, over a rent default totaling more than Rs 7.6 crore.

NCLT has admitted an insolvency plea against Sporta Technologies, the operator of the fantasy gaming firm Dream11, over a rent default totaling more than Rs 7.6 crore.

NCLT accepts insolvency plea against Dream 11-parent over 7.6 Cr default

Problem isn't money, leadership is

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

- Singapore Airlines received Indian govt approval for FDI in Air India merger
- Merger will create one of world's largest airline groups, expected completion by end of 2024
- SIA to acquire 25.1% stake in Air India as part of the deal
- Merger still subject to compliance with applicable Indian laws
- Parties discussing extension of long stop date, originally set for October 31, 2024 

 Source: [Indian Express](https://indianexpress.com/article/business/aviation/singapore-airlines-fdi-indian-govt-vistara-air-india-merger-9540861/)

Vistara to merge into Air India on November 12

Very stupid decision
Vistara is actually a great brand 

Why would you erase all the good that has been associated with that brand 
Should have turned Air India into Vistara ffs

Welcome to Business Roles's Private Community

Vistara's ultimatum to pilots: Accept new salary structure
Comes in view if their merger with Air India

Less players, authoritarian rule

I understand that companies want to start new year with new energy. But doing it in the last working week of this year is just nuts. 

Let folks enjoy the year. Do it in Jan first/ second week. 

By doing now, you’re literally spoiling this year and the next. 

To founders out there: grow some spine, tell your investors you won’t do it now. I don’t think it’ll hurt your company much (I mean you’ve not done enough, and that’s the reason you’re in this mess, probably suck it up and wait for few more weeks) 

To the folks out there, who got impacted, my heart goes out to you all. Good luck. Market is tough, but I know you guys will make it.

[rant]- What’s up with startups? Sudden layoffs in literally last working week of this year

They  opt for dec, because its quarter ending. The books will appear cleaner from Jan and that  quarter will look better when it ends.

It has nothing to do with new energy from new year.  Its like they clean the old shit to prepare for new shit.

- The National Company Law Tribunal (NCLT) in Bengaluru has admitted BCCI's petition for insolvency proceedings against Byju's over unpaid dues of Rs 158 crore.
- Byju's had a sponsorship contract with BCCI for the Indian cricket team, and the petition was filed last year against its parent company, Think & Learn Pvt Ltd.
- The matter is set for further hearing on November 15, with Byju's previously stating it was in talks with BCCI to settle the issue.
- Tech investor Prosus wrote off its 9.6% stake in Byju's during the financial year 2024, citing a significant decrease in value for equity investors.
- A year-long probe by the Ministry of Corporate Affairs found lapses in corporate governance at Byju's but cleared it of financial fraud, attributing mounting losses to weak governance and compliance practices. 

 Source: Business Today, Moneycontrol

NCLT Admits BCCI Petition for Insolvency Proceedings Against Byju's

Heard that they had 7 floors and now only one floor left. 1300+ peoole let go in 3 months

dealshare layoff 90% staff

Project Manager

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

Flight costs are like anything

- Vistara issued steps for passengers travelling on or after November 12, when all its flights will operate under Air India.
- Booked Vistara tickets will need to be re-issued by Air India, with check-ins at Air India's counters.
- Lounge access and special services purchased through Vistara may not be valid post November 12.
- Excess baggage allowances will be transferred to the new Air India flight, subject to approval.
- Air India will maintain the 'Vistara experience' on newly acquired planes until its cabin retrofit program is completed in 2025.

Source: [Financial Express](https://www.financialexpress.com/business/airlines-aviation-no-lounge-access-to-vistara-flyers-new-tickets-to-be-issued-by-air-india-3630790/)

SpiceJet Faces Fresh Insolvency Proceedings

Discover More

Layoffs on

by Anise Carmden

Stealth

SpiceJet to layoff 1400 employees

Layoffs on

by Isaiah Lee

Stealth

SpiceJet layoff

News Discussion on

by Blair Lee

Grapevine

SpiceJet Expands Fleet with 10 New Aircraft

Misc on

by Matilda Dean

CARS24

Domestic Flight Rates 2024

Misc on

by Coy Denver

Stealth

Spice jet not for beginners

Misc on

by Kalan Hyrum

TCS

Flight Firms gone mad 💢

Travel on

by Kendall Vernon

Series A Startup

Indian Airlines: Tier List 🛫

News Discussion on

by Jordon Nadeen

Grapevine

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

Indian Startups on

by Dezi Lee

Kroll

NCLT accepts insolvency plea against Dream 11-parent over 7.6 Cr default

News Discussion on

by Jordon Vernon

Stealth

Problem isn't money, leadership is

Misc on

by Dezi Lee

OpenText

Why are flights so expensive nowadays?

News Discussion on

by Karilyn Lee

Grapevine

Vistara to merge into Air India on November 12

Business Roles on

by Jordon Lee

Stealth

Less players, authoritarian rule

Indian Startups on

by Jordon Carmden

Zomato

[rant]- What’s up with startups? Sudden layoffs in literally last working week of this year

News Discussion on

by Isaiah Lee

Grapevine

NCLT Admits BCCI Petition for Insolvency Proceedings Against Byju's

Layoffs on

by Jordon Nadeen

Stealth

dealshare layoff 90% staff

Misc on

by Jordon Carmden

Samsung

Flight costs are like anything

News Discussion on

by Kendall Lee

Grapevine

Vistara Flyers Lose Lounge Access Ahead of Air India Merger