SpiceJet calls board meeting for fresh capital as financial troubles deepen

The airline is considering raising capital and must publish results before December 7 to avoid BSE suspension.

By SafarSamachar Desk✔ Approved by Samaira Gupta13 Nov 2026, 4:58 pm IST

Illustration

Illustration: SafarSamachar Pix Desk, created with AI assistance. Not a photograph of the event.

Key facts at a glance

1Board meeting scheduled for November 18 to consider raising fresh capital
2Potential investors have submitted term sheets up to Rs 5,000 crore
3Dubai Airports halted check-in services due to non-payment of Rs 36 crore
4Over 21,000 passengers had flights cancelled in September

SpiceJet is calling a board meeting on November 18 to discuss raising fresh capital as its financial troubles continue to mount. The airline has not filed results for the March and June quarters and must publish them before December 7 to avoid being suspended from the Bombay Stock Exchange.

Potential investors have shown interest in SpiceJet, with term sheets up to Rs 5,000 crore reportedly on the table. However, the airline has not paid employee salaries, PF, or TDS for months.

Its domestic flight on-time performance was less than 17% in September, and it operated only 73,000 passengers during that month, giving it a market share of 0.6%. Over 21,000 passengers had their flights cancelled by SpiceJet in September.

SpiceJet has also extended its Annual General Meeting (AGM) date to December 31, 2026. In addition, Dubai Airports reportedly stopped check-in services for SpiceJet due to non-payment of Rs 36 crore. The airline has also cancelled four flights to Amritsar, Jaipur, Mumbai, and Delhi due to financial issues.

What this means for Indian travellers

If you have a SpiceJet flight booked, check for cancellations or delays through the airline's app or website. Consider alternative airlines if your travel plans are affected.

Sources

This brief was written with AI assistance from the reports listed above and read and approved for publication by Samaira Gupta on 13 Nov 2026; the figures come from the reports listed above. Read our editorial policy.Rules and schedules change - confirm with the airline or embassy before you travel. Spotted an error? Tell us.

Source Verification

For official notices, schedules, or policy compliance frameworks, verify details directly via SpiceJet.