The ban on taxi aggregators can put at risk investments of at least Rs 2,000 crore (Rs 20 billion), made by private equity (PE) and venture capital (VC) investors.
The chief operating officer said that the carrier will surmount the present crisis very soon.
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.
The safety net for passengers is focused solely on the terms and conditions for the radio taxi scheme issued by the transport department.
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
Anupam Mittal, the fund man behind OlaCabs has lined up more investments.
CIDCO moves Supreme Court against Rs 1,200 cr compensation order for land parcel
Since 2013, the FDA has banned around 30 Indian drug manufacturing units for various violations
A few weeks ago, when Road Transport & Highways Minister Nitin Gadkari launched an electronic toll-collection system on the Delhi-Mumbai highway, television channels reported live from toll plazas showing vehicles with radio frequency identification (RFID) tags in dedicated lanes that did not have to stop for paying cash.
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
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances