The official said that the licences of the two pilots -- Ajinkya Hanchate and Tushar Dasgupta -- have been suspended for one year and they also have to undergo corrective training.
US aircraft maker Boeing Corp on Wednesday signed an agreement to sell ten 737-800 passenger jets, with an option to sell 10 more, to SpiceJet low-cost carrier in a deal worth $1.26 billion at list prices.\n\n
Signalling an imminent change in SpiceJet's ownership, potential investors including co-founder Ajay Singh and US-based JPMorgan have begun discussions with markets regulator Sebi over their investment plan for the cash-strapped airline.
A source said Mills was leaving the airline as he was not getting operational freedom to run the organisation.
The airline dropped fares to gain customer load, but failed to cover the cost of its flights
The airline's board decides to issue warrants to promoters on a preferential basis
There could be rejig at top level at SpiceJet.
In a move that could be followed by major Indian airlines, no-frill carrier SpiceJet on Friday slashed air fares substantially by offering a limited-period sale of 10 lakh seats across its domestic network for an all-inclusive fare of Rs 2,013.
Falling jet fuel prices, stable rupee signal lower losses
Growth in the domestic market in the second quarter was fuelled by low fares but this has impacted airline profits.
SpiceJet in a statement said that there is no default in payment to AAI since January this year.
Sun Network chairman Kalanithi Maran and his company, Kal Airways Pvt Ltd, which was incorporated on May 6, are the acquirers of the airline.
Claiming to be on top of all airlines in the country in terms of passenger load factor, infant budget carrier SpiceJet on Wednesday said it would add four more aircraft to its existing fleet of three Boeing airplanes by December to launch services in
Maran had clinched a deal in June to acquire a 37.7 per cent stake in the airline for about Rs 750 crore (Rs 7.5 billion) from American investor Wilbur Ross, his investment companies and the Kansagara family-promoted Royal Holding Services Ltd.
A look at the Kalanithi Maran-controlled airline's place in the domestic aviation sector
With the new fleet of Bombardier Q400 aircraft, the Kalanithi Maran-promoted airline aims at reaching more hinterland of northern Indian and connect more Tier II and Tier III cities on its network.
SpiceJet, India's second-largest private airline, kicked off the process of hiving off its logistics business to its subsidiary SpiceXpress as it looks to raise much-needed capital. On Tuesday, the company sought its shareholders' approval to complete the process and to raise up to Rs 2,500 crore via a qualified institutions placement (QIP). It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money.
The aviation authority is concerned about financial health of Air India, Spicejet and Jet Airways.
In a fresh trouble for the budget carrier SpiceJet, aircraft lessors have approached the aviation regulator DGCA, seeking its permission to repossess 11 Boeing planes of the airline, even as its revival plan is under review of the Civil Aviation Ministry.
Speaking to Business Standard, Jet Executive Director Saroj Datta said: "SpiceJet and JetLite are an absolute fit in so far as their business models are concerned."
Qatar Airways might infuse $200 million in debt and equity in SpiceJet.
No-frills carrier SpiceJet is in active discussions with Singapore-based budget carrier Tigerair for a possible stake sale even as they are set to sign a code share agreement soon.
Shares of SpiceJet on Wednesday rose by over 19 per cent even as aviation regulator asked the no-frills carrier to immediately stop its offer of one-rupee fares across its domestic network.
SpiceJet COO says ATF price cut is need of the hour.
The airline management has now sought a meeting with civil aviation minister Ashok Gajapathi Raju to present the airline's plan.
In an email, a SpiceJet spokesperson said: "A few foreign airlines/investors have evinced interest in SpiceJet. It will be very premature to comment on the possibilities of any fresh equity issuance to such interested parties."
The budget carrier was on the verge of collapsing in Dec.
SpiceJet has been most affected by the grounding of 737 Max 8 aircraft as it has 12 of them in its fleet.
Sun Group chief Kalanithi Maran and his wife Kavery Maran have resigned from one of the promoter entities of SpiceJet, triggering speculations about a possible sale of Maran family's majority stake in the air carrier.
Fares would vary according to sector.
"Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage," DIPAM Secretary Tuhin Kanta Pandey tweeted.
Kalanithi Maran's stake in the no-frills airline has increased by nearly 6 per cent to 22.05 per cent due to allotment of equity shares following conversion of convertible debentures.
No-frills airline SpiceJet on Wednesday launched yet another round of limited-period low fare offers to fill its seats for travel between July and September when air travel generally slumps.
Budget air-carrier, SpiceJet, expects to break-even this fiscal, a top company official said. The break-even could come on the back of stabilising fuel prices and an increasing demand for low-fare travel, he said. The air-carrier expects oil prices to stablise in the range of $65-70.
India is not an easy environment to operate in and grow because of the high cost of operations, says Neil Mills.
In a move that signals a fresh round of consolidation in the recession-hit aviation industry, budget carrier SpiceJet may pick 7.5 per cent stake in another low-cost airline IndiGo.
SpiceJet has held "preliminary discussions" with a Gulf airline for potential investment in the Indian budget carrier, a news report has said.
The threats via microblogging platform X came a day after three international flights originating from Mumbai received bomb threats, causing trouble to hundreds of passengers and airline crew.
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The airline, which posted an annual loss of Rs 191 crore (Rs 1.91 billion) for the past financial year, has been looking to raise funds for months.
IndiGo's passenger load factor, at 67% in July, fell six percentage points from the same month last year.
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