 In July 2014 , SpiceJet announced up to 50 percent discount in air fares due to competition . In August 2014 , SpiceJet became the second largest carrier in terms of passenger market share after IndiGo , beating full service carrier Jet Airways for the first time in its operational history . In December 2014 , financial losses and unpaid dues led to cancellation of many domestic flights . Directorate General of Civil Aviation issued a warning to the airline over non @-@ payment of salaries and dues and the carrier was put on cash @-@ and @-@ carry mode by airport operators , meaning the airline can use the airport facilities only upon prior payment of money . On 17 December 2014 , all flights were grounded after oil companies refused to refuel its planes due to non @-@ payment of dues with flights resuming the next day . Flights resumed the next day . In January 2015 , the Sun group sold its entire shareholding and transferred control to Ajay Singh . 
