Financial Health

Find out how effective ERP system improves every aspect of business

An ERP system also enables a company to review costs over a period of time, or according to a specific classification.

SpiceJet board meet today: Will Marans pump in more money into airline?

Will the promoters, the Marans, decide to pump in more money into the cash-strapped airline? Or will they announce the status of talks with any potential investor? Because if neither decision is taken, then it only means the Marans will let the airline struggle with mounting dues, exhortations from multiple lenders and dwindling prospects of any revival.

Still flying overseas, haven't taken any shortcuts on safety, says SpiceJet

The airline's comments camea day after civil aviation minister A Gajapathi Raju spoke about about the heightened surveillance of SpiceJet flights by theDGCA on account ofof safety concerns.<br />

Flying away: SpiceJet's pilots exit, flock to other airlines for jobs

As many as 54 SpiceJet pilots of the over 125 pilots who have quit the airline have already applied for a jobs in the two major airlines -- Jet Airways and IndiGo.

SpiceJet's woes mount: AAI tells airline to put cash upfront for using airports

For SpiceJet , it couldn't have come at a worse time as it has been forced to cancel flights due to a shortage of aircraft and is in urgent need of a capital infusion to stay afloat.<br />

SpiceJet delays salaries due to 'technical reasons', but promises it's the last time

Budget airline SpiceJet has said that payment of salaries to employees was delayed but promised it wouldn't happen again.

Turbulence ahead? 40 pilots quit SpiceJet in 6 months as losses mount

The airline has reported 5th straight quarter of net losses for the July-September period.

Need new funding to turn around airline, says SpiceJet's Sanjiv Kapoor

Controlled by billionaire Kalanithi Maran's Sun Group, SpiceJet has slashed costs, overhauled its management team and is pursuing a strategy of heavily discounting advance sales to fill up seats.

DGCA to begin checkup of SpiceJet's financial health, report by Sept

The regulator wants to know whether SpiceJet is in the right financial condition required to run and maintain an airline.