Though a formal purchase agreement with Boeing is yet to be signed, SpiceJet's order size could be of 40-50 planes, a source familiar with the development said. At list price, a 737 Max aircraft is valued at about $100 million (Rs 620 crore).
The incident was reported when Pakistan airspace was not closed for India.
Low cost airline SpiceJet, on Saturday said it has placed orders for 10 more Boeing 737-800 aircraft with Boeing, and the first one would join the existing fleet of five aircraft, by February 2006.
Low-cost carrier SpiceJet's share price went up 9.5 per cent at the Bombay Stock Exchange today in an otherwise flat market fuelled by speculation that the airline was in merger talks with another Delhi-based low-cost carrier, IndiGo.
SpiceJet was dragged to court by several aircraft leasing firms.
Delhi-based budget carrier SpiceJet will acquire 10 new Boeing 737 airplanes as a part of its fleet expansion programme.
SpiceJet's original promoter is closer to taking the management reins.
The difficult period created by some "legacy issues" are over.
SpiceJet is offering fares on Mumbai-Dubai route as a discount.
Budget carrier Spice Jet on Saturday announced flight operations to Chennai and Hyderabad starting from November 14, extending the six-month old airline's connectivity to 11 Indian cities.
Aviation security regulator BCAS on Wednesday slapped fines totalling Rs 1.80 crore on IndiGo and Mumbai airport operator MIAL over the incident of passengers having food on the airport's apron. The apron is the area around the aircraft where it has finally parked for deboarding.
The court order could put SpiceJet's revival plan under stress.
Of the 243 listed flights, it claimed to have operated 75 across the country after 1600 hours on Wednesday.
Both the pilots of the flight have been grounded, pending enquiry, the airline said, adding the incident took place around 1630 hrs.
The warning had come after SpiceJet's dues to AAI (including interest at 12 per cent) exceeded Rs 300 crore (Rs 3 billion) this month -- from Rs 230 crore (Rs 2.3 billion) early December last year.
Experts expect a net loss of Rs 26.7 billion for IndiGo and Rs 10.1 billion for SpiceJet in Q1FY21 driven by low traffic volume, low fleet utilisation and poor coverage of fixed costs.
Singapore-based Tigerair has terminated its passenger swapping pact with Spicejet over a year after the two budget carriers forged the inter-line arrangements.
Delhi-based low-cost carrier SpiceJet is looking at restructuring its core leadership team as part of US investor Wilbur Ross's strategy of turning around the company.
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.
Maran had sought attachment of SpiceJet promoter Ajay Singh's shares by an administrator unless the payment was made.
Kalanithi Maran, the former promoter of Spicejet, has moved the Delhi High Court against the airline.
No-frill carrier SpiceJet on Monday announced compensation to passengers for delay or cancellation of flights due to factors within their control, through travel vouchers worth Rs 500 or Rs 1,000.
Budget carrier SpiceJet on Wednesday launched another discounted ticket scheme, offering fares as low as Rs 1,599 across its domestic network for travel between February 15 and April 15 to celebrate Valentine's Day.
Indian airlines are expected to cancel 444 international flights due to airspace restrictions in the Middle East following attacks on Iran by Israel and the US. The civil aviation ministry is closely monitoring the situation and coordinating with airlines to ensure passenger safety and minimize disruptions.
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
SpiceJet is expanding international operations to improve dollar earnings and offset losses caused by currency rate fluctuations.
Aviation fuel prices for domestic airlines remain unchanged, providing stability for local carriers, while commercial LPG and 5-kg cylinders see a significant rate hike due to rising international energy costs.
The additional stake will cost the promoters Rs 312 crore (Rs 3.12 billion).
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After all its flights remained grounded for most part of the day on Wednesday, cash-strapped SpiceJet resumed operations in the evening as oil companies, which had stopped fuel supplies to its aircraft, eased the restriction.
This would be the third fund infusion in the airline by Maran since September 2011.
The airline reported a net loss of Rs 321.50 crore (Rs 3.21 bn) in Q4.
The Chennai office of Registrar of Companies sent the notice to the second-largest no-frills private carrier last month.
If oil prices continue as they are and we can cut costs, we'll be able to break even in the next financial quarter, says Singh.
The bookings for this three-day offer commences from Monday with a travel validity period between January 16 and October 24 next year, SpiceJet said.
Cash-strapped SpiceJet has cancelled over 1,800 flights across the country for the current month, in signs of mounting troubles for the budget airline.
Operations have stabilised with on-time performance at around 90 per cent and cancellations rates being the lowest in the industry.
Reliance Industries Ltd is likely to import jet fuel for SpiceJet.
SpiceJet on Monday launched discounted ticket sales at 'rates cheaper than AC 2-Tier train fare.
Shares of SpiceJet fell sharply by over 8 per cent as flight operations of the cash-strapped company were grounded on Wednesday on payment woes.
On December 31, SpiceJet's accumulated losses had grown to Rs 3,233 crore.
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