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Low-cost airline SpiceJet and its Chairman and Managing Director (CMD) Ajay Singh before the Delhi High Court have challenged a single-judge order upholding, in favour of Sun Group Chairman Kalanithi Maran and Kal Airways, an arbitral award . ....
The Delhi High Court on Monday upheld an arbitral award passed by the tribunal comprising three retired Supreme Court judges in the matter of low-cost airline SpiceJet and Kal Airway's promoter Kalanithi Maran, favouring the latter. ....
ISSUE DATE: March 1, 2021 UPDATED: February 22, 2021 12:12 IST Wings clipped: Airplanes parked at Delhi’s IGI Airport, Dec. 2020 When the pandemic forced weeks of shutdown of domestic and international air travel in India in end-March last year, SpiceJet chairman & MD Ajay Singh got down to some out-of-the-box thinking to navigate his airline through the impending financial crisis. Among the first things he did was put a dedicated fleet of nine freighters, five Boeing 737s, three Bombardier Q400s and a wide-body A340, into operation. Between end-March and November 2020, SpiceJet operated nearly 10,000 flights and carried 77,000 tonnes of cargo, including essential items like food and medicines, to 41 international destinations. By October, it had emerged as the largest international cargo operator at the Delhi airport. ....