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.
Concerned about the deteriorating financial and operational performance of the Kalanithi Maran-promoted airline, the DGCA had on Friday withdrawn 186 flight slots of SpiceJet and directed it not to take bookings for flights beyond a month.
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
Carmakers fear an increase of Rs 35,000-40,000 per vehicle for safety equipments.
CIDCO moves Supreme Court against Rs 1,200 cr compensation order for land parcel
Today, Suzuki depends on Maruti for its place in the world
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 airports were refurbished at the cost of Rs 2,325 cr and Rs 2,015 cr respectively but there have been various complaints.
The national carrier's market share has declined from a near-monopoly to 16.6 per cent as of September 2014.
The no-frills carrier was launched in 2009. It began India operations a year later.
Civil aviation ministry to monitor flash sales and discount schemes: Source
According to sources, Vistara was looking at commencing operations on Oct 15 to commemorate J R D Tata's flight from Karachi to Mumbai on the same date in 1932.
Airbus recently bagged large orders from Indian airlines such as Indigo and Go Air.
Currency depreciation also hits earnings of all domestic carriers
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances