SpiceJet Share Price: SpiceJet, a company providing cheap air services, has repaid a loan of about Rs 100 crore to City Union Bank. SpiceJet said in a statement that Rs 25 crore has been repaid as the last installment of this loan in June.
Along with this, all the assets pledged with the bank in lieu of the loan have also been returned. The airline said that the last installment has been paid on 30 June.
Loan was taken in 2012
Along with this, while giving information, the company said that the loan of Rs 100 crore taken in the year 2012 has been repaid. SpiceJet has faced adversity in the last few months. Some of his creditors have filed an application to start the bankruptcy process against him. Apart from this, some companies giving aircraft on lease have also warned to take back their aircraft.
Shares of the company climbed 12.44 per cent.
Let us tell you that after this news of settlement, there has been a strong rise in the shares. SpiceJet’s stock has climbed 12.44 per cent on BSE today. After today’s increase, the company’s stock has closed at the level of Rs 30.64.
The airline informed that
according to media reports, when the company was taking a loan from the bank, it had pledged 2 crore shares of its promoters. Giving information, the airline has said that this loan has been paid to City Union Bank after a successful settlement agreement with Nordic Aviation Capital (NAC). Let us tell you that NAC is a major lessor for SpiceJet’s Q400 aircraft.
The fare of every route has increased. It
is expected that the company can also provide relief to the passengers. In the last few times, there has been a big increase in the tickets of airline companies. There has been an increase of about 50 to 300 percent in the fare of almost every route.
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