SpiceJet

This July 13 story was updated throughout on July 14 with details of lessors' owner, background on India leasing law, SpiceJet comment, plans to seek more funding, fleet status

By Abhijith Ganapavaram

NEW DELHI, July 13 (Reuters) - Two Irish entities owned by the leasing arm of Industrial and Commercial Bank of China have asked India's aviation regulator to deregister four Boeing 737 MAX aircraft leased to SpiceJet SPJT.BO, regulatory documents showed, a step towards repossessing the jets.

The notices, made public by the regulator on Monday, represent a test of a law passed by India last year that was intended to make it easier for lessors to repossess aircraft.

The applications from Sky High LXXX Leasing Company Ltd and Sky High LXXVIII Leasing Company Ltd did not state why they were seeking deregistration.

Corporate records showed the two companies are owned by ICBC Financial Leasing, whose parent is state-owned ICBC 601398.SS, the world's largest lender by assets. ICBC Financial Leasing did not immediately respond to a request for comment.

SpiceJet, India's fourth-largest airline, has slashed its flight schedule, grounded planes, delayed salaries to many of its pilots and sought financing under a government-backed credit scheme to help stabilise its operations.

The airline has received 1.5 billion rupees ($15.60 million) from the government scheme and hopes to receive another 3.5 billion rupees in the coming days, a source with direct knowledge of the matter said. SpiceJet did not respond to a request for comment about the funding.

At least two aircraft lessors have served payment default notices to the airline this year, Reuters also reported.

In a statement, SpiceJet said the four aircraft that ICBC was seeking to deregister had been grounded for a prolonged period because of manufacturing issues related to the high-pressure turbines in their engines.

"The de-registration of these aircraft will eliminate lease rental costs on assets that have remained non-operational for a prolonged period," a SpiceJet spokesperson said, adding that there would be no impact on the airline's operations.

Just 11 of SpiceJet's fleet of 53 aircraft were listed as in service by aircraft-tracking website Planespotters.net.

Shares in SpiceJet have fallen nearly 63% since the start of the year, while shares in InterGlobe Aviation INGL.NS, the owner of India's biggest airline, IndiGo, are up nearly 1% over the same period.

($1 = 96.1475 Indian rupees)

(Reporting by Abhijith Ganapavaram in New Delhi; Additional reporting by Julie Zhu in Hong Kong and Urvi Dugar in Bengaluru; Editing by Jamie Freed)

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July 13 (Reuters) - Spicejet Ltd SPJT.BO:

• SPICEJET SPOKESPERSON - THESE AIRCRAFT HAVE BEEN GROUNDED FOR A LONG PERIOD DUE TO ENGINE HPT MANUFACTURING ISSUES

• SPICEJET - DE-REGISTRATION OF THESE AIRCRAFT WILL ELIMINATE LEASE RENTAL COSTS ON ASSETS THAT HAVE REMAINED NON-OPERATIONAL FOR A PROLONGED PERIOD

• SPICEJET SPOKESPERSON - THERE IS NO IMPACT ON OPERATIONS, AS THEY HAVE BEEN OUT OF SERVICE FOR CONSIDERABLE TIME

Source text: [ID:]

Further company coverage: SPJT.BO

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NEW DELHI, June 9 (Reuters) - India has launched a previously announced jet fuel price-stabilisation scheme for local airlines, with aviation turbine fuel to be sold to carriers at a fixed price of 115 rupees ($1.21) per litre, 10% higher than previous prices, three industry sources said. Here are some details about the scheme:

• If airlines join the scheme they will have to pay the fixed price of 115 rupees/litre for up to three years, even if global prices decline, as the extra payment will be used to replenish the fund.

• Airlines that do not opt in to the scheme will continue to pay market-linked prices, which may be higher or lower than the fixed price.

• Indian airlines have so far not joined, two of the sources said.

• Earlier this month, India ‌approved the 100 billion rupee fund for the scheme, amid rising costs linked to the Iran ​war.

• The support will be ​provided in the form of interest-free advances to oil marketing companies to cover under-recoveries - the ​gap between market-linked jet fuel ​prices and the moderated rates charged to airlines.

• Jet fuel ​prices ⁠account for up to 40% of airlines' operating costs.

($1 = 95.3500 Indian rupees)

(Reporting by Nidhi Verma and Abhijith Ganapavaram; Editing by Hugh Lawson)

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** Shares of InterGlobe Aviation INGL.NS, operator of India's IndiGo airline turn positive, hitting a day's high of about 2.13% at 4516.20 rupees

** Stock reverses course after India cabinet approves 100 billion rupees ($1.05 billion) for an aviation fuel price stabilisation fund

** Shares of budget carrier SpiceJet SPJT.BO also turned positive, jumping 4.9% to 12.79 rupees after the news

** Aviation turbine fuel is among the largest operating costs for airlines

** Last month, Indigo said it was considering fuel hedging after rising crude prices squeezed margins and pushed it to a quarterly loss

** YTD INGL down 10.10% while SPJT fell 59.21%

(Reporting by Surbhi Misra in Bengaluru)

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April 16 (Reuters) - Spicejet Ltd SPJT.BO:

• SPICEJET SPOKESPERSON- AIRCRAFT INVOLVED IN A GROUND OCCURRENCE WHILE TAXIING AT DELHI AIRPORT, RESULTING IN SOME DAMAGE

• SPICEJET SPOKESPERSON- AIRCRAFT HAS BEEN GROUNDED AT DELHI

Source text: [ID:]

Further company coverage: SPJT.BO

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Adds Air India Express statement in paragraph 18

By Abhijith Ganapavaram and Aditya Kalra

NEW DELHI, April 10 (Reuters) - Dubai has restricted foreign airlines to just one daily flight to its airports until May 31 due to the Iran crisis, igniting revenue loss fears among Indian carriers that had planned more flights than airlines from any other country, letters show.

The Federation of Indian Airlines (FIA), which represents top carriers IndiGo INGL.NS, Air India and SpiceJet SPJT.BO, has asked India to push Dubai authorities to lift the curbs and, failing that, to consider reciprocal measures on Dubai carriers including Emirates and flydubai, according to a letter it sent to the Indian government on March 31.

Indian carriers are already under financial pressure from higher fuel prices and longer routings to Western destinations because they have been banned from using Pakistani airspace since last year following military tensions between the two neighbours.

In a private email to airlines on March 27, seen by Reuters, Dubai Airports said carriers would be allowed one round trip per day to Dubai International Airport (DXB), normally the world's busiest international travel hub, and the smaller Al Maktoum International Airport (DWC) during the summer season between April 20 and May 31, extending restrictions implemented after the war began.

"Carriers continue to be limited to one rotation per day, until capacity allows more to be facilitated ... Additional slots will be allocated if capacity is available," it said.

The FIA told the Indian government the curbs were not being applied to Dubai's airlines such as Emirates and flydubai, creating an uneven playing field that could lead to "substantial" revenue losses.

Dubai Airports and Dubai's media office did not respond to repeated requests for comment. Flydubai said its flight schedules were approved by the relevant authorities. Emirates did not respond to a request for comment.

The measures come after Emirates and other Gulf airlines have long complained about India's bilateral air service agreements that cap the number of seats that can be deployed between countries. Indian authorities have said such pacts protect Indian airlines in the cutthroat market.

INDIAN CARRIERS HARDEST HIT BY CAPS

India was the largest source of passengers for DXB in 2025, with 11.9 million travellers passing through the hub.

The Dubai caps will hit Indian airlines the hardest, according to April and May schedules data from Cirium.

Air India and its budget carrier Air India Express have scheduled more than 750 flights into DXB in that period. IndiGo has 481, followed by Saudia and Gulf Air, which planned for 480 and 404, respectively. India's SpiceJet had planned 61.

The one-flight-per-day cap would mean 30 or 31 per month for each foreign airline, versus the hundreds of daily flights being flown by Emirates and flydubai according to Flightradar24 data.

IndiGo told Reuters in a statement that the Middle East crisis and the new Dubai extended restrictions "significantly constrained" its operations as it had an approved summer schedule of 15 daily flights from India to Dubai.

"As a result, a significant portion of IndiGo’s capacity and aircraft time is currently underutilized," IndiGo said in its first comments on the crisis.

Air India, SpiceJet SPJT.BO and Indian authorities did not respond to requests for comment.

Air India Express told Reuters the restrictions had “significantly curtailed” its planned services despite relatively high demand on India-UAE routes, limiting options for travellers, particularly from smaller cities, and underscored the need for a “fair and reciprocal operating framework.”

Other major airlines such as Lufthansa LHAG.DE, Singapore Airlines SIAL.SI, and British Airways had far fewer flights to Dubai than Indian carriers before the crisis began and have cancelled all flights to the city until at least May 31.

They are instead adding more non-stop Asia-Europe flights to take advantage of strong passenger demand that has pushed up prices.

(Reporting by Abhijith Ganapavaram and Aditya Kalra; Editing by Jamie Freed)

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By Abhijith Ganapavaram

NEW DELHI, April 9 (Reuters) - A UK court has ordered India's SpiceJet SPJT.BO to pay about $8 million to an aircraft engine lessor over unpaid rent and maintenance charges for three engines, in the latest setback for the cash-strapped airline.

London's Commercial Court granted summary judgment on Wednesday in favour of Sunbird France 02 SAS over the unpaid rent and maintenance accruals, finding that SpiceJet had no viable defence.

The ruling comes as SpiceJet remains under financial strain following the Boeing 737 MAX grounding and COVID-19 pandemic, and losing market share to rivals such as Akasa Air.

The unpaid rent dates from January 2022, while maintenance accruals date back to November 2020. The lessor issued default notices in July 2022 and repossessed all three engines between late 2022 and mid-2023.

SpiceJet initially hired British solicitors but never filed a defence or response to Sunbird's application, the judgement showed.

The airline did not respond to an email seeking comment.

Its auditors have warned of uncertainty over the airline's ability to continue as a going concern, citing mounting losses and a gap between current liabilities and assets, according to its latest results.

($1 = 92.6575 Indian rupees)

(Reporting by Abhijith Ganapavaram
Editing by Bernadette Baum)

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By Abhijith Ganapavaram and Aditya Kalra

NEW DELHI, March 20 (Reuters) - An airlines group representing IndiGo INGL.NS, Air India and SpiceJet SPJT.BO has warned the Indian government of route withdrawals and delayed fleet and network expansions if fare caps imposed in December are not revoked, a letter shows.

The letter highlights growing financial pain in the world's fastest-growing market where, even before the Iran crisis, airlines were hit hard by a Pakistani airspace ban for international operations due to diplomatic tensions.

In December, widespread aviation disruptions due to mass flight cancellations by IndiGo over operational issues prompted authorities to cap airfares depending on the distance, with the maximum being 18,000 rupees ($192.04) for a one-way journey.

The crisis has since eased, but caps remain in place without any timeline. Indian airlines are incurring "huge" revenue losses and face higher operational costs in part because of a jump in jet fuel prices due to the Iran war, the Federation of Indian Airlines said in a private letter to the government on March 12, seen by Reuters.

CURRENT SITUATION MAY THREATEN VIABILITY

"If the current situation continues, airlines will face severe financial losses, pushing several operators closer to unsustainable financial conditions and potentially threatening their continued viability," the March 12 letter, which was not made public, said.

The civil aviation ministry and the FIA did not respond to requests for comment. IndiGo and Air India, which control more than 90% of India's domestic market, did not respond. A spokesperson for SpiceJet also did not respond to a request for comment.

A $1 per barrel change in fuel prices could impact IndiGo's full-year fuel bill by about 3 billion rupees, HSBC analysts have said. Jet fuel prices have risen sharply in recent days due to the Middle East war.

IndiGo and Air India are also flying longer routes to reach Europe and North America owing to airspace restrictions.

In a separate letter sent on Thursday, the FIA also urged the government to withdraw a directive mandating that a minimum 60% of seats on any flight be made available without additional charges for seat selection, saying it could lead to higher fares.

($1 = 93.7320 Indian rupees)

(Reporting by Abhijith Ganapavaram; Editing by Pooja Desai)

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March 10 (Reuters) -

• INDIA GOVERNMENT: AIRLINES ARE MAKING APPROPRIATE OPERATIONAL ARRANGEMENTS IN RESPONSE TO THE EVOLVING SITUATION IN WEST ASIA

• INDIA GOVERNMENT: AIR INDIA, AIR INDIA EXPRESS WILL OPERATE FLIGHTS TO RIYADH STARTING 12TH MARCH

• INDIA GOVERNMENT: INDIGO WILL COMMENCE MUMBAI–RIYADH–MUMBAI SERVICES FROM 12TH MARCH

• INDIA GOVERNMENT: SPICEJET HAS BEEN FACILITATED TO OBTAIN ALTERNATE AIRPORT APPROVALS TO ENSURE CONTINUED OPERATIONAL SAFETY AND FLEXIBILITY IN THE REGION

• INDIA GOVERNMENT: AKASA AIR ADVISED TO ALIGN ITS PLANNED COMMENCEMENT OF MUMBAI-RIYADH-MUMBAI SERVICES SCHEDULED TO BEGIN FROM 12TH MARCH

• INDIA GOVERNMENT: AIRFARES ARE ALSO BEING CLOSELY MONITORED TO ENSURE TICKET PRICES REMAIN REASONABLE AND THAT THERE IS NO UNDUE SURGE DURING THIS PERIOD

Source: https://tinyurl.com/3dm5ezy6

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** Shares of Indian carriers IndiGo INGL.NS and SpiceJet SPJT.BO drop 7.5% and 5.6%, respectively

** Oil prices surged about 20% on Monday, hitting their highest since July 2022, as the widening U.S.-Israeli war with Iran propelled crude prices to their highest in almost four years O/R

** Brent crude futures LCOc1 rose as much as $18.35, or 19.8%, to $111.04 a barrel and were up $15.24, or 16.4%, at $107.93 as of 0014 GMT on Monday

** Higher crude prices impact airlines as it is the key component of jet fuel

** YTD, INGL down about 13% vs SPJT's 53% slump

(Reporting by Yagnoseni Das in Bengaluru)

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March 5 (Reuters) - SpiceJet Ltd SPJT.BO:

• TO OPERATE 13 SPECIAL FLIGHTS FROM UAE ON MARCH 5 TO BRING STRANDED INDIANS HOME

Further company coverage: SPJT.BO

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March 4 (Reuters) - Spicejet Ltd SPJT.BO:

• SPICEJET LTD - CANCELS 28 FLIGHTS BETWEEN INDIA AND UAE DUE TO AIRSPACE RESTRICTIONS

Further company coverage: SPJT.BO

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March 3 (Reuters) - Spicejet Ltd SPJT.BO:

• SPICEJET - TO OPERATE FOUR SPECIAL FLIGHTS FROM UAE ON MARCH 3 TO BRING STRANDED INDIANS HOME

• SPICEJET - TO ALSO RESTORE SCHEDULED FLIGHTS BETWEEN FUJAIRAH-DELHI AND FUJAIRAH-MUMBAI STARTING MARCH 4

Further company coverage: SPJT.BO

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** Shares of Indian carriers IndiGo INGL.NS and SpiceJet SPJT.BO drop 4% and 4.7%, respectively

** Middle East conflict pushes crude prices higher, with Brent crude futures climbing to about $82.40 a barrel, their highest in 14 months O/R

** Higher crude prices impact airlines as it is the key component of jet fuel

** YTD, INGL down 8.3% vs SPJT's 48.4% slump

(Reporting by Kashish Tandon in Bengaluru)

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Feb 27 (Reuters) - Spicejet Ltd SPJT.BO:

• SPICEJET - ASSURE ALL STAKEHOLDERS THAT SUPREME COURT ORDER HAS NO IMPACT ON DAY-TO-DAY OPERATIONS

• SPICEJET - COMPANY IS EXAMINING THE ORDER AND WILL COMPLY WITH ALL COURT DIRECTIONS

• SPICEJET: CONFIDENT OF RECEIVING POTENTIAL REFUND OF 4.49 BLN RUPEES AFTER LEGAL PROCESS

Further company coverage: SPJT.BO

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** SpiceJet SPJT.BO slips 10% to hit lower limit of exchange-mandated trading band of 12.88 rupees

** Stock set to fall for seventh straight session, losing over a quarter of its value during the spree

** SPJT dropped 9.7% on Tuesday after its Delhi-Leh flight returned to Delhi on experiencing technical issue

** According to a source quoted by PTI, flight returned due to engine issue

** Trading vols at record high of 189.7 mln shares, more than 16x the 30-day average

** RSI drops to 7.3, suggesting stock might be oversold, per data compiled by LSEG

** SPJT down 56.7% YTD

(Reporting by Vijay Malkar)

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Feb 24 (Reuters) - Spicejet Ltd SPJT.BO:

• SPICEJET FLIGHT OPERATING FROM DELHI TO LEH ON FEB 24 RETURNED TO DELHI AFTER EXPERIENCING A TECHNICAL ISSUE - SPOKESPERSON

• SPICEJET AIRCRAFT LANDED SAFELY IN DELHI, THERE WAS NO FIRE WARNING IN THE COCKPIT- SPOKESPERSON

Source text: [ID:]

Further company coverage: SPJT.BO

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Feb 19 (Reuters) - SpiceJet Ltd SPJT.BO:

• RECEIVES MOU FOR 10 AIRCRAFT; CAPACITY SET TO MORE THAN DOUBLE THIS YEAR

Further company coverage: SPJT.BO

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** Shares of SpiceJet SPJT.BO down 2.7% to 19.87 rupees, set to fall for third straight session

** Airline posts loss of 2.69 bln rupees ($29.7 mln) in Q3 vs profit of 249.7 mln rupees year ago

** Q3 total revenue up 12.4% Y/Y at 13.84 bln rupees

** SPJT fell 46% in 2025

($1 = 90.7370 Indian rupees)

(Reporting by Vijay Malkar)

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By Abhijith Ganapavaram and Aditya Kalra

NEW DELHI, Feb 12 (Reuters) - A group representing India's top airlines IndiGo INGL.NS and Air India has asked the government to dilute proposed fatigue management rules for cabin crew, warning they could disrupt flight schedules and limit growth prospects, a letter shows.

The pushback from the Federation of Indian Airlines (FIA) on a key Indian government proposal comes after IndiGo, the country's largest airline, cancelled about 4,500 flights in December due to poor planning for new fatigue management rules for pilots.

The cabin crew rules proposed in October call for boosting minimum weekly rest to 48 hours from 36 hours presently and expanding work limitations for night operations.

They also call for flight attendants to each get their own hotel room on layovers to improve rest quality. That is not a requirement under international aviation rules, but in practice it is common among airlines outside India despite being more costly.

In its letter, which is not public, FIA argued that mandating single-room occupancy could create constraints at several domestic and international airports due to limited hotel inventory and result in crew being accommodated at distant or sub-optimal locations.

The proposed rules say they aim to "enhance safety of operations". Pilot mental health was in sharp focus after the Air India crash last June that killed 260 people, though the cause has yet to be determined.

But FIA argued the fatigue rules would "severely" limit long-term growth expansion and reduce the competitiveness of Indian airlines in the global market.

The letter was sent to India's Directorate General of Civil Aviation. The regulator and FIA, which also represents India's fourth-largest carrier SpiceJet SPJT.BO, did not respond to Reuters' queries.

There is no fixed timeline for implementation for the rules. IndiGo, Air India and SpiceJet also did not respond.

INDIAN NORMS VS GLOBAL

India's government said this month the aviation minister chaired a meeting with aviation officials where discussions centred around assessing safety at airfields, as well as strengthening regulatory oversight frameworks across the country.

The cumulative effect of the draft provisions on cabin crew fatigue management could complicate crew scheduling and reduce roster predictability, the FIA's letter said.

The rules go beyond global norms for managing cabin crew fatigue, it argued, such as classifying ultra-long-haul flights as those over 14 hours rather than 16 hours.

FIA's lobbying effort comes as Air India, the country's second-largest airline, is facing financial losses from an airspace ban imposed by Pakistan and a deadly crash and IndiGo is dealing with regulatory scrutiny due to the cancellations.

The FIA is lobbying the regulator to relax some of the rules, including reworking stricter night provisions such as landing caps to follow fatigue science and to introduce the new norms in a phased manner.

(Reporting by Abhijith Ganapavaram and Aditya Kalra; Editing by Jamie Freed)

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By Aditya Kalra

NEW DELHI, Jan 7 (Reuters) - India's government has asked IndiGo INGL.NS, Air India, SpiceJet SPJT.BO and Akasa to provide data on average fares charged, a document shows, as antitrust authorities investigate unprecedented travel disruptions in December.

Pilot shortages at IndiGo INGL.NS, which dominates India's aviation market with a 65% share, forced it to cancel about 4,500 flights last month, stranding thousands of passengers and disrupting air travel nationwide.

Fares of certain airlines surged during the crisis, prompting the government to impose temporary caps.

India's competition regulator, the CCI in December said it was proceeding against IndiGo to assess whether it had abused its market position. IndiGo has not commented on the case.

REQUEST IS FOR AVERAGE FARES DECEMBER 1-15

India's Directorate General of Civil Aviation, which oversees safety, has written to airlines asking for average fares on each route they operated on, for economy and premium economy seats, over the period December 1-15, according to a Reuters review of a January 1 government email to IndiGo, Air India, Air India Express, SpiceJet and Akasa.

The CCI and the civil aviation authority did not respond to Reuters queries on the private email. Akasa declined to comment, while other airlines did not respond.

A government source, asking not to be named because they were not authorised to speak publicly, said the details have been sought at the request of the CCI as they could help it to assess airfare patterns across airlines during the disruptions.

The government email also asked airlines to provide "fare data on affected routes" during the disruptions, the email said.

There is no indication the case is being broadened to scrutinise other airlines.

One complaint being reviewed by the CCI accuses IndiGo of cancelling flights and then offering seats at much higher prices, amounting to abuse of its dominant market position, Reuters has previously reported.

(Reporting by Aditya Kalra; editing by Barbara Lewis)

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** Shares of Indian airline SpiceJet SPJT.BO rise 2% to 30 rupees

** Budget carrier's market share improved month-on-month to 3.7% in November vs 2.6% in October, official data shows

** Bigger rival IndiGo's INGL.NS market share fell m/m to 63.6% in November vs 65.6% in October

** On the day, INGL shares down 1.5% to 5,008 rupees

** On average, SPJT shares rated "hold" while INGL rated "buy" - LSEG data

** YTD, SPJT stock has shed 45% while INGL has risen 10%

(Reporting by Hritam Mukherjee in Bengaluru)

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Nov 12 (Reuters) - Cash-strapped Indian carrier SpiceJet SPJT.BO posted a wider quarterly loss on Wednesday, hurt by a drop in its passenger traffic and mounting foreign exchange losses.

The company's loss stood at 6.34 billion rupees for the quarter ended September 30, compared with a loss of 4.42 billion rupees a year ago.

(Reporting by Kashish Tandon in Bengaluru; Editing by Nivedita Bhattacharjee )

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** Shares of SpiceJet SPJT.BO rise as much as 6.28% to 40.59 rupees, its highest since July 24

** Airline says it will operate 250 daily flights this winter, which is double its summer schedule

** Stock rated "hold" on average by 4 analysts; median PT at 39 rupees - data compiled LSEG

** Rival IndiGo's parent Interglobe Aviation INGL.NS rated as "buy" on average by 22 analysts; median PT at 6,575 rupees - data compiled by LSEG

**YTD, SPJT down nearly 29% vs INGL's nearly 29% rise

(Reporting by Mridula Kumar)

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By Abhijith Ganapavaram

NEW DELHI, Oct 1 (Reuters) - India's aviation regulator has proposed removing the mandate that airlines can only take planes on lease with crew in emergencies, draft regulations show, in a move that could make it easier for carriers to tide over any aircraft shortages.

The proposed rules could help airlines like India's biggest carrier IndiGo INGL.NS which has taken two planes with crew on so-called wet lease from Turkish Airlines, allowing it to offer connectivity with flights to Europe and the United States.

The partnership has irked rival Air India, which unsuccessfully lobbied the Indian government to block it, arguing it gives more air traffic to Turkey and hurts India's aviation sector.

The Directorate General of Civil Aviation (DGCA) regulations had permitted airlines to enter such leases only in emergency situations, such as unexpected grounding of aircraft.

The new draft proposal replaces the word "only" with "normally", making processing of such requests potentially easier, lawyers said.

"This added flexibility could play a crucial role in easing capacity constraints, especially in light of the limited availability of larger aircraft," said Lovejeet Singh, a partner at law firm Chandhiok & Mahajan and specialist in aviation laws.

The proposal was posted on DGCA's website earlier this week but has not previously been reported. It is open for public consultations until October 28.

The DGCA and IndiGo did not respond to Reuters queries on the planned changes in regulations.

IndiGo's Turkish partnership has faced criticism in India in recent months after Turkey came out in support of Pakistan during the recent India-Pakistan conflict.

While India's government first said it wouldn't extend that lease, it changed course in August without giving a reason to let IndiGo continue.

The current DGCA regulations mandate airlines to only lease aircraft from countries where the average industry safety score is above 80%, but the new draft rules said the watchdog can exempt that requirement on a one-time basis.

(Reporting by Abhijith Ganapavaram; Editing by Aditya Kalra; Editing by Ros Russell)

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Sept 11 (Reuters) - Spicejet Ltd SPJT.BO:

• SPICEJET - AGREEMENT SIGNIFICANTLY ENHANCES AIRLINE’S LIQUIDITY, SUPPORTS RESTRUCTURING EFFORTS

• SPICEJET - AGREEMENT UNLOCKS $79.6 MILLION IN CASH MAINTENANCE RESERVES & $9.9 MILLION IN CREDITS

• SPICEJET - SECURES $89.5 MILLION IN LIQUIDITY BOOST THROUGH CARLYLE SETTLEMENT

Further company coverage: SPJT.BO

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Adds details of results from paragraph 5, background throughout

Sept 5 (Reuters) - Indian budget airline SpiceJet SPJT.BO posted its second consecutive loss in the June quarter, as leisure travel demand on some routes slumped during the worst India-Pakistan fighting in decades.

The troubled airline reported a loss of 2.35 billion rupees ($26.6 million) in the April-June period, compared to a profit of 1.5 billion rupees a year before.

Ties between India and Pakistan worsened after an April attack in Kashmir that New Delhi blamed on Islamabad, prompting airport closures in northwest India and a shutdown of Pakistani airspace to Indian carriers. Pakistan has denied any involvement.

Quarterly revenue fell about 35% to 11.06 billion rupees.

SpiceJet also said a delay in returning its grounded aircraft to service added to its woes.

The carrier has signed multiple settlement agreements in recent years to resolve disputes with lessors and others but has still struggled to expand capacity.

As of March-end, it had only 25 operational aircraft, fewer than half of its 61-jet fleet.

The limited scale has allowed Akasa, one of India's youngest airlines, to overtake SpiceJet as the country's No. 3 carrier by market share, with 5.5% versus SpiceJet's 2% in the world's third-largest aviation market.

SpiceJet's net worth improved to positive 4.46 billion rupees in the first-quarter, compared to negative 23.98 billion rupees in the year-ago period, it said.

($1 = 88.2591 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman and Nivedita Bhattacharjee)

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Sept 4 (Reuters) - Spicejet Ltd SPJT.BO:

• SPICEJET LTD - SIGNS INTERLINE AGREEMENT WITH GULF AIR

• SPICEJET - PARTNERSHIP TO PROVIDE ACCESS TO GULF AIR’S NETWORK ACROSS MIDDLE EAST, AFRICA, EUROPE

Source text: [ID:]

Further company coverage: SPJT.BO

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** Spicejet SPJT.BO rises 2% to 35 rupees

** Airline finalises lease agreement for five more Boeing BA.N 737 aircraft, taking total new fleet additions to 10

** Deliveries to begin by early October

** Co in talks to lease more ahead of winter schedule

** YTD, SPJT falls 37%

(Reporting by Urvi Dugar)

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