Passengers flying to any destination on the Deccan network and carrying only one cabin bag, can tele check-in from 24 hours up to two hours prior to the time of departure, the airlines said in a statement.
The CEOs met late last month to discuss the agreement. Industry experts said one advantage would be the fact that GoAir was looking at increasing its fleet to 20 aircraft by 2011. "If SpiceJet acquires the airline, it will gain access to slots for the aircraft orders which it can sell," said an industry expert. Selling order slots has emerged as a lucrative revenue stream for several Indian airlines that are feeling the pinch of falling passenger traffic.
Weighed down by surging jet fuel prices, Air-India's net profit plunged by a huge 82.54 per cent at Rs 16.29 crore (Rs 162.9 million) for the year 2005-06.
In the international sector also, India has seen major expansion by carriers.
IndiGo gained a market share of 14.7 per cent, closely followed by Kingfisher Red at 13.3 per cent whereas Kingfisher slipped two notches to the fifth position at 11.6 per cent. Kingfisher stood at No.3 in October, followed by Kingfisher Red and IndiGo at fourth and fifth, respectively.
Kingfisher Airlines, India's first full service low-cost carrier, will induct 11 new Airbus A320 aircraft to its fleet by January 2006, its chairman and managing director Vijay Mallya said on Wednesday.
SpiceJet Ltd., an Indian budget airline, will likely to sell a foreign currency convertible bond worth $90 million by early September to raise money for more plane purchases, a company executive said Wednesday.
The empowered group of ministers will take up tomorrow the modernisation plans of Delhi and Mumbai airports even as the government has cautioned low cost carriers on the present fare structure introduced by some of them.
Air Deccan on Friday welcomed the enquiry by the Directorate General of Civil Aviation into reports that the low-cost carrier was over-booking its flights.
Delhi-based low-cost carrier SpiceJet reported a first quarter loss of Rs 129.2 crore from a profit of Rs 18 crore a year earlier.
Low-cost carriers SpiceJet and IndiGo were two of the main traders of aviation turbine fuel (ATF) at the Multi Commodity Exchange of India (MCX), which started trading of ATF futures on Monday, market sources said. Around Rs 34.8 crore worth of ATF was traded till five on Monday evening.
The share swap is expected to be in the ratio of 1: 3, where SpiceJet shareholders will get one share of the merged entity for every three SpiceJet shares owned by them.
The civil aviation ministry is planning to dedicate a separate terminal building for low-cost carriers at Delhi airport and efforts are on to create more space for them in Mumbai by shifting operations of small aircraft to Juhu aerodrome.
Cites high valuations as reason for exit.
The Tatas and the Dubai-based Istithmar Group may increase their stake in Delhi-based low-cost carrier SpiceJet, which has a 10 per cent market share in Indian aviation market. While the Tatas, who currently hold 7 per cent stake in the company through Ewart Investment, may hike their shareholding to 15 per cent, Istithmar is likely to raise its stake from 13 to 30 per cent, sources said.
'Within five years, we should be achieving more on the international front than what it took most airlines 15 to 20 years back.'
The UK-based promoter-director Bhulo (Bhupendra) Kansagra of Delhi-based low-cost carrier SpiceJet is willing to divest the family stake in the airline if the valuations are right. The Kansagra family owns 12.91 per cent in the airline, which is publicly listed, and has a 10 per cent share in the Indian market, and a market capitalisation of $250 million.
There is no doubt that India is a large growth market in the long term. But there are major problems related to aviation turbine fuel (ATF), ATC, infrastructure, shortage of pilots and so on. Taking all of this into account, I would call our approach one of maintaining long-term sustainability - a step-wise, organised growth with a focus on efficiency, says Edgardo Badiali.
Low cost carrier SpiceJet announced on Thursday the launch of a dedicated online web hotel reservation service, offering rooms in about 100 hotels in different parts of the country.
Low-cost carrier SpiceJet said on Monday it had signed a $1.1 billion deal for sale and lease back agreement, covering 16 brand-new Boeing aircraft.
Passengers flying to West Asia can soon see fares going down by 10 to 30 per cent as Indian domestic operators such as Jet, its low-cost carrier (LCC) Jet Lite and Air Deccan are all set to fly to this market.
Deccan said in a statement that it has recorded a 23 per cent year-on-year increase compared to passenger volume in 2006. The average load factor in the January-July 2007 period was 81 per cent against 76 per cent in the last calendar year.
This holiday season air travellers will not get rock-bottom prices like Re 1 or Rs 99. In all likelihood, they will have to fork out 10 per cent more for tickets than last year. SpiceJet executives said the fare war was over and average fares across the country would now go up
A revamped Air India under the Tata Group will be a real challenge while new airline Akasa Air will be a far less competitive force for the next two-three years, IndiGo CEO Ronojoy Dutta said on Wednesday. Akasa Air, which is backed by former IndiGo president Aditya Ghosh, ace investor Rakesh Jhunjhunwala and former Jet Airways CEO Vinay Dube, got the no-objection certificate (NOC) from the Ministry of Civil Aviation on Monday.
Low cost carrier Air Deccan has launched its Indore-Gwalior-New Delhi flight. Air Deccan will connect Indore from Mumbai and Ahmedabad soon, Captain G R Gopinath, MD, Air Deccan, said.
Vijay Mallya-led UB Group is all set to meet the month-end deadline for payment of Rs 400 crore (Rs 4 billion) balance toward 26 per cent stake it had picked in Deccan Aviation, the promoter of low-cost carrier Air Deccan.
The transaction, which values Air Deccan at Rs 155 a share, would be through allotment of non-preferential shares to UB
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