Owing to another rise in jet fuel prices this month, airlines, such as Spice Jet, have decided to hike the fuel surcharge levied by them on tickets by Rs 150 for short haul sectors (less than 750 kms) and by Rs 350 for long haul sectors (more than 750 kms).The fuel surcharge for short haul routes now stands at Rs 1,950 while for long haul sectors it is Rs 2,350.
At the height of its troubles and desperate to mop up cash to fly the next day, SpiceJet was offering ridiculously high deposit incentives to travel agents and online portals -- incentives it could ill afford.
Vijay Mallya-owned private air-carrier, Kingfisher Airlines is in talks with a top former executive of the budget airline, SpiceJet to take him onboard and a final decision on the issue is expected shotly, sources said.
No frills carrier SpiceJet on Monday cut down base fare for its evening flights to Kathmandu to Re 1 for two days starting on Monday.
The civil aviation ministry on Friday asked airlines to ensure that there is no abnormal surge in airfares for flights to and from the national capital amid suspension of operations at Delhi airport's Terminal 1 following the roof collapse incident.
The first flight with over 150 passengers from Chennai landed here this morning as the 'cultural capital' was included in the list of one of the major low-cost airliners in India.
Announcing the launch of its Bangalore-Bangkok direct flight, SpiceJet on Friday said it will be adding 3 to 4 international destinations in the next year.
Crisis-hit SpiceJet may get the first round of its much-needed fund infusion in the next two days, while more may come in a month's time as part of an estimated $200 million investment plan, sources said on Thursday.
SpiceJet has cut the size of its fleet to 22-24 Boeing planes from 35 and will keep it this way for few months.
The move comes within days of Indian Railways announcing an increase in fares from January 21.
Air India and IndiGo have already suspended Kamra from flying until further notice and six months, respectively.
Civil Aviation Minister Ajit Singh inaugurated the 5-day long event.
In the absence of a chief executive officer, Delhi-based low-cost carrier SpiceJet has decided to set up a three-member management committee to take all company decisions, especially in the light of the recently-signed agreement with US-based investor Wilbur Ross.
The shareholders didn't vote against a rise in the company's authorised share capital to Rs 1,000 crore (Rs 10 billion) or the reappointment of S Natrajhen as managing director.
Ministry sources say investors are looking at pumping in around Rs 1,100 crore
In a bid to cash in on upcoming summer holiday season, low-cost carriers SpiceJet and IndiGo on Tuesday launched the fourth round of price war in the bleeding aviation sector, offering massive discounts on tickets.
Neil Mills, chief executive, spoke to Business Standard on its strategy and the unprecedented scheme of selling a million tickets at a base price of Rs 1.
The airline has said it isn't worried about competition in the domestic market, thanks to its spread across three passenger segments
The secret behind Singh's success was that he mostly set about undoing all the mistakes made by the Marans, points out Anjuli Bhargava.
The revised policy, which has come into effect since last week, means passengers who are looking to skip the long queues at airports will have to shell out a fee for it. For IndiGo, the lowest seat fees is Rs 100 while for SpiceJet it is Rs 99.
SpiceJet has reported profit in Q1, it is trying its best to improve efficiencies in FY16.
Unveiling its plans to expand fleet size to 50 aircraft by year-end, low-cost airline SpiceJet on Wednesday said it will start flights to six new foreign destinations, including Afghanistan, China and Hong Kong, by October-end.
SpiceJet will have to refund fare to passengers due to a flight delay.
Foreign carriers to pick up staff from cash-strapped SpiceJet.
To turnaround, the airline bets on heavily-discounted tickets and new overseas routes.
After FY14's record loss, SpiceJet cuts capacity, chases costs, redraws flight schedules and puts more money in marketing to attract corporate travel.
Due to unfavourable industry prospects and given that the September quarter is traditionally a weak one, the outlook for SpiceJet is not favourable.
It offers fares as low as Rs 1,499 for a one-way journey.
US-based co-working operator WeWork, Lowe's India, SpiceJet and startups like CureFit stepped in to offer employment to the distressed workers at Jet.
After doing so to Kingfisher Airlines, the Directorate General of Civil Aviation has issued showcause notices to carriers IndiGo and SpiceJet for having allegedly cancelled flights without informing passengers.
Mid-air Holi celebrations aboard eight flights have cost no-frill carrier SpiceJet heavily.
Lessors of SpiceJet have in panic taken back some aircraft but if they see fresh investors coming in and taking charge, they are likely to relent and return the planes.
Airline says it is in comfortable situation.
Under the offer, a corporate traveller will be entitled to one free single way ticket for every six completed one-way journeys.
SpiceJet to add 7 planes; another Rs 500 cr infusion in April.
There are rumours that Ajay Singh who previously headed SpiceJet may get an investor to bail out the airline of dire consequences.
Spice Jet to start a series of daily flights from Coimbatore to Delhi, Mumbai and Hyderabad, will lauch services to Port Blair, Pune in October.
Budget airline SpiceJet has launched the best offer this summer.
Domestic low-cost carrier SpiceJet on Friday said it may start flights to overseas destinations with the relaxation of civil aviation policy for new carriers to fly abroad.
The chief operating officer said that the carrier will surmount the present crisis very soon.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances