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While the DGCA has removed SpiceJet from Enhanced Surveillance Regime, the Supreme Court has adjourned the Credit Suisse contempt plea against the airline without issuing notice

DGCA removes SpiceJet from Enhanced Surveillance Regime, Credit Suisse contempt plea adjourned

While the DGCA has removed SpiceJet from Enhanced Surveillance Regime, the Supreme Court has adjourned the Credit Suisse contempt plea against the airline without issuing notice

In a big relief to SpiceJet, India's aviation regulator DGCA has removed the airline from its enhanced surveillance regime. Following this, the shares of the airline jumped nearly 5% to the day's high of Rs 31 on the BSE.&nbsp;
The DGCA has said that the airline has taken sustainable maintenance action. This, after DGCA had conducted 51 checks in 11 places in India on the airline&rsquo;s fleet, which includes Boeing 737 and Bombardier DHC Q-400 aeroplanes.
"Accordingly, 51 spot checks were conducted across 11 locations pan India, on the Boeing 737 and Bombardier DHC Q-400 fleet of aircraft, wherein a total 23 aircraft were inspected and 95 observations were made by the DGCA teams," PTI report said citing the official.
Also Read: <a href="https://www.editorji.com/business-news/delhi-hc-observes-fraud-charges-against-spicejet-cmd-serious-in-nature-1689767907563">Delhi HC observes fraud charges against SpiceJet CMD 'Serious in nature'</a>
SpiceJet was placed under enhanced surveillance after DGCA observed that the airline undertook inadequate maintenance last year. Earlier, PTI reported that the surveillance came against the backdrop of various lessors seeking repossession of aircraft leased to SpiceJet and some of the cases have been settled by the airline.
Meanwhile, SpiceJet has also got one more breather with the Supreme Court adjourning the Credit Suisse contempt plea against the airline without issuing notice. Credit Suisse had filed a plea in the Supreme Court alleging that SpiceJet has failed to pay dues that were a part of a settlement deal.&nbsp;
During the hearing, Credit Suisse's lawyer had argued that they have not received any amount towards the principle that SpiceJet owes them. He mentioned that the outstanding due is at $4 million. Meanwhile, SpiceJet's lawyer has said that they will continue paying $500,000 on the 15th of every month.
Following this the Supreme Court had adjourned the case to the third week of August.

SpiceJet starts the process to revive its grounded fleets with the $50 million that it received through the government's emergency credit line gurantee scheme. Meanwhile, the airline CMD said reports of Spicejet filing for insolvency are baseless. 

No question of filing for insolvency, focused on reviving grounded fleet: SpiceJet CMD

SpiceJet starts the process to revive its grounded fleets with the $50 million that it received through the government's emergency credit line gurantee scheme. Meanwhile, the airline CMD said reports of SpiceJet filing for insolvency are baseless. 

SpiceJet starts the process to revive its grounded fleets with the $50 million that it received through the government's emergency credit line gurantee scheme. Meanwhile, the airline CMD said reports of Spicejet filing for insolvency are baseless.&nbsp;

Amid the looming uncertainities in the aviation sector, SpiceJet's Chairman and Managing Director Ajay Singh has clarified that there is no question of SpiceJet initiating insolvency and any such rumour is completely baseless.&nbsp;
&ldquo;There is absolutely no question of filing for insolvency. Any rumour regarding the same is completely baseless. We are focussed firmly on reviving our grounded fleet and getting more and more planes back into the air. Work on this front has already begun and the Company is using the $50 million ECLGS funds and our own cash," said Ajay Singh, Chairman and Managing Director, SpiceJet.
SpiceJet has already initiated the process of reviving its grounded fleet with the $50 million funds that the airline received from the government&rsquo;s Emergency Credit Line Guarantee Scheme (ECLGS) and internal cash accruals.
The airline in a regulatory filing said that the company is actively engaging with investors to raise funds and put itself back on track. However, earlier this month, SpiceJet's aircraft lessor Aircastle had filed a case at the National Company Law Tribunal seeking initiation of an insolvency process against the airline for non-payments of dues.&nbsp;
Similarly its lender Credit Suisse too moved the Supreme Court and alleged that SpiceJet had failed to pay dues that were part of a settlement. However, as per Mint, the airlines replied that the settlement amount is subject to the Reserve Bank of India&lsquo;s approval, and the airline could not begin payments as per the schedule. It had told the court that it made the April payment on schedule, and the payment for May will also be made as per schedule.

Over 180 passengers on board a Patna-Delhi SpiceJet flight had a narrow escape when the plane made an emergency landing soon after take-off on Sunday as a fire was reported at the plane.  According to reports, the engine of the plane caught fire and was first noticed by local people. The DGCA said the plane was hit by a bird and one engine got shut. Over 180 passengers were on board and there has been no report of any injury.A video of plane returning to the airstrip went viral on social medai while news agency ANI posted a video showing passengers getting down from the plane. 

On camera: Delhi-bound SpiceJet plane catches fire mid air; all passengers safe

A video of plane returning to the airstrip went viral on social medai while news agency ANI posted a video showing passengers getting down from the plane.

Over 180 passengers on board a Patna-Delhi SpiceJet flight had a narrow escape when the plane made an emergency landing soon after take-off on Sunday as a fire was reported at the plane. &nbsp; According to reports, the engine of the plane caught fire and was first noticed by local people. The DGCA said the plane was hit by a bird and one engine got shut. Over 180 passengers were on board and there has been no report of any injury. A video of plane returning to the airstrip went viral on social medai while news agency ANI posted a video showing passengers getting down from the plane.&nbsp;
Also watch: <a href="https://www.editorji.com/india-news/rjd-s-tejashwi-yadav-on-agnipath-is-this-hidden-agenda-of-rss-1655628432659" target="_blank">RJD's Tejashwi Yadav on Agnipath: Is this 'hidden agenda' of RSS?</a>

Day after a bird hit a Delhi-bound SpiceJet aircraft carrying 191 people, now IndiGo aircraft had to return to Guwahati soon after taking off from Delhi after it suffered a bird hit. 
According to a media report, engine number 1 got damaged by a bird hit when it was cruising at an altitude of 1,600 feet. The engine was immediately shut down, and the plane returned to Guwahati airport.
All passengers were accommodated on another flight to Delhi and the aircraft was inspected. 
This was the third such incident when a flight made an emergency landing. Earlier, two SpiceJet aircraft suffered from technical glitches. 

After two SpiceJet, bird hits IndiGo flight

Day after a bird hit a Delhi-bound SpiceJet aircraft carrying 191 people, now IndiGo aircraft had to return to Guwahati after it suffered a bird hit. 

IndiGo flight hit by a bird, third incident in 24 hours

After two SpiceJet incidents, third airline mishap reported in a single day&nbsp;

After two SpiceJet planes made an emergency landing, IndiGo aircraft bound for Delhi had to return to Guwahati soon after taking off after it suffered a bird hit.&nbsp;
As per media report, engine number 1 got damaged by a bird hit when it was cruising at an altitude of 1,600 feet. The engine was immediately shut down, and the plane returned to Guwahati airport.
Also read/watch| <a title="Chai Pani - Know all about this US Indian restaurant that is making waves" href="https://www.editorji.com/business-news/chai-pani-know-all-bout-this-us-indian-restaurant-that-is-making-waves-1655705258529">Chai Pani - Know all about this US Indian restaurant that is making waves</a> According to a statement by the spokesperson of the airline, the cabin pressure differential was unable to be built up as the altitude of the cabin rose from the ground. All passengers were accommodated on another flight to Delhi and the aircraft was inspected.&nbsp;
This was the third such incident when a flight made an emergency landing. Earlier, two SpiceJet aircraft suffered from technical glitches.&nbsp;

spicejet flight

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