The civil aviation ministry appears supportive of SpiceJet because it does not want another airline to fail. The real test now will be the capacity of the airline's chairman, Kalanithi Maran, to raise funds. And he needs to do this quickly.
In November alone, year-on-year growth in flight bookings for the season was almost 40 per cent, said Ranjeet Oak, senior vice-president (flights), MakeMyTrip, a leading Indian online travel agency.
The panel will be asked to give report by March-April next year.
The first to take off will be Air Pegasus, promoted by Bengaluru-based ground-handling firm Deccor Aviation.
ATF for domestic carriers has become 11.22 per cent cheaper since October and is expected to see more price cuts in the next three months.
The US has already eased the procedure for issuing visa to attract a million Indian tourists by 2015
To introduce 'Guest First' programme to attract corporate customers; its market share and load factor lower than rivals
CIDCO moves Supreme Court against Rs 1,200 cr compensation order for land parcel
The airline notification to an exchange does not name the shareholder. It said the fund-raising would be subject to regulatory and corporate approvals.
But its sales pitch will remain muted till India opens up more seats on the route
The no-frills carrier was launched in 2009. It began India operations a year later.
Airbus recently bagged large orders from Indian airlines such as Indigo and Go Air.
Karnik was mandated to oversee commercial and sales functions of the airline. He took over from Hameed Ali, who joined the airline's board.
The civil aviation ministry received 20 applications and it granted NOCs to sixteen companies between 2009 till now
Airbus is now confident of crossing 1,000 net orders (excluding cancellations or conversions from previous orders) in 2014.
About 170 Airbus aircraft operate in India.
IndiGo's president Aditya Ghosh shares the growth plan.
AirAsia's rival airlines in India have kept themselves super-busy in the past few months -- by moving court against the former's launch, adding flights on the routes where AirAsia is operating, and engaging in a price war.
A financial turnaround with the Etihad partnership and debt restructuring has not fully materialised.
Online travel portals have seen a surge in bookings aided by several rounds of discount offers and a strong demand over the festival weekend.
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