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SpiceJet gives additional bank guarantee to airport operator, shares rise

Thursday, November 29, 2018, 7:46 PM

SpiceJet shares rose as much as 2.8% on Thursday after the low-cost carrier said it has provided an additional bank guarantee of 200 million rupees to state-owned Airports Authority of India for unpaid dues. SpiceJet owes the airport operator 1.17 billion rupees in unpaid dues for landing, parking and other airport-charges, according to media reports, against an existing bank guarantee of 1.04 billion rupees.
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SpiceJet Launches New Daily Non-Stop Flights

Saturday, November 24, 2018, 4:11 PM

Budget passenger carrier SpiceJet launched daily non-stop flight services on the Delhi-Hong Kong-Delhi route.Acccording to SpiceJet, Hong Kong earmarks the airline's eighth international destination after Bangkok, Colombo, Dubai, Dhaka, Kabul, Male and Muscat. "Hong Kong is one of the largest trading entities and one of the world's top tourist destinations, hence, we see tremendous potential in this sector," the company said.
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SpiceJet posts second quarterly loss on higher fuel costs, weak rupee

Wednesday, November 14, 2018, 7:53 PM

Low-cost carrier SpiceJet Ltd reported its second straight quarterly loss, hurt by higher fuel costs and weaker rupee. Standalone net loss, which excludes results of units SpiceJet Merchandise and SpiceJet Technic, was 3.89 billion rupees ($53.90 million) in the quarter ended Sept. 30, compared with a profit of 1.05 billion rupees a year earlier. Aircraft fuel expenses climbed 55.8 percent to 8.45 billion rupees.

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