Business · Companies · 5 hrs ago
SpiceJet board to consider fresh fundraising on November 18
SpiceJet plans to consider raising fresh capital at a board meeting on November 18.
The Indian low-cost airline is under financial pressure and has had flight disruptions linked to unpaid bills.
Dubai International Airport suspended SpiceJet check-in services over unpaid dues, and some flights were affected by disputes involving ground handling and fuel payments.
The company’s filing lists possible ways to raise money but does not specify the amount or name investors.
Industry sources cited a proposed ₹5,000 crore investment, but it is uncertain whether that investment will happen.
SpiceJet’s domestic market share fell to 0.6 per cent in September, from 1.2 per cent in August, according to regulator data.
The board’s decision is the next step, and any fundraising would still need required approvals.
SpiceJet’s board will meet on November 18 to consider a proposal to raise fresh capital.
The airline has not disclosed how much it plans to raise or identified prospective investors in its stock exchange filing.
Industry sources told Hindu BusinessLine that SpiceJet had received a term sheet for a proposed ₹5,000 crore investment, but said it was uncertain whether the investment would proceed.
The fundraising proposal comes as the airline faces financial and operational pressures, including unpaid dues and flight disruptions.
SpiceJet’s domestic market share fell to 0.6 per cent in September from 1.2 per cent in August, according to data cited by Hindu BusinessLine.
- Who
- SpiceJet and its board.
- What
- The board will consider a proposal to raise fresh capital through shares, debt securities or other permitted instruments.
- When
- The board meeting is scheduled for November 18, 2026.
- Where
- Not stated.
- Why
- The airline is seeking capital amid financial and operational pressures that are weighing on its ability to sustain operations.
This story does not have two clearly opposing sides.
SpiceJet announced lease agreements for 20 aircraft, with induction planned in phases between mid-October and mid-November.
SpiceJet’s domestic market share fell to 0.6 per cent from 1.2 per cent in August, according to DGCA data cited by Hindu BusinessLine.
Four SpiceJet flights to Amritsar, Jaipur, Mumbai and Delhi were cancelled after a dispute over payments to ground-handling company dnata, according to the Times of India.
SpiceJet informed the BSE that its board would meet on November 18 to consider a fresh capital raise.
SpiceJet’s board is scheduled to consider and approve the fundraising proposal.
- Board meeting
- November 18, 2026
- Proposed investment
- ₹5,000 crore, according to industry sources cited by Hindu BusinessLine
- Market share
- 0.6 per cent in September, down from 1.2 per cent in August
- Dubai airport dues
- About ₹36 crore, according to the Times of India
- Planned aircraft additions
- 20 aircraft: 15 Boeing and five Airbus, according to Hindu BusinessLine
3 sources
What people are saying
Our aim is to reach around 200 daily flights this winter, while continuing to build our operations in a measured and sustainable manner
in the process of resolving the matter. We have adequate bank guarantee cover in place and are working to ensure that the issue is sorted out at the earliest.