SpiceJet Resolves 2.50 Bn Dispute with Celestial Aviation

04 Mar 2024 CW Team

SpiceJet, a major player in the Indian aviation sector, has successfully resolved a long-standing dispute amounting to Rs 2.50 billion with Celestial Aviation Trading. The settlement brings an end to a legal conflict that has been ongoing between the two parties.

The resolution is seen as a positive development for SpiceJet, providing financial clarity and potential relief from the burden of the dispute. The airline has been engaged in efforts to address various financial challenges, and the settlement is expected to contribute to a more stable financial outlook.

Details of the settlement remain undisclosed, but the agreement is anticipated to bring a sense of resolution to both SpiceJet and Celestial Aviation Trading. The successful conclusion of the dispute reflects a commitment to finding amicable solutions within the aviation industry, fostering a conducive environment for sustained growth and operational stability.

As SpiceJet continues to navigate the complexities of the aviation market, the resolution of this dispute is likely to be viewed positively by investors and industry stakeholders. It represents a step forward in the company's efforts to strengthen its financial position and maintain a resilient presence in the competitive aviation sector.

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..