Low cost airline Spicejet is planning to add 23 new aircraft to its fleet by 2008. Following this, it will operate more than 250 flights to around 24 destinations, offering over 35,000 seats per day.
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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.
Air India, SpiceJet, IndiGo and AirAsia India ready to fill in the gap.
Barring one quarter, SpiceJet made a profit in every quarter last year.
SpiceJet in a statement said that there is no default in payment to AAI since January this year.
Vistara started allowing passengers to book an extra seat from Tuesday. IndiGo and SpiceJet, too, are in the final stages of designing such a product to be sold as an add-on.
SpiceJet on Monday launched discounted ticket sales at 'rates cheaper than AC 2-Tier train fare.
The market, however, reacted negatively to SpiceJet's announcement and the company's stock dropped by 0.87 per cent as analysts became wary of diversion into a new business during a high fuel price environment.
SpiceJet board is likely to pass a resolution within three days after the court order.
The airline launched a three-day discounted sale of tickets starting at Rs 1,010, to mark its 10th anniversary
SpiceJet was forced to ground its fleet and cancel hundreds of its flights in December.
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Officials in India's civil aviation ministry are now expected to meet SpiceJet stakeholders within a couple of days to discuss the revival plan
SpiceJet also plans to increase its daily flights to 251.
Air India, IndiGo, and SpiceJet have suspended flights to China and Hong Kong.
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.
SpiceJet's original promoter is closer to taking the management reins.
Low cost airline SpiceJet, will introduce international flights to Bangladesh, Sri Lanka and Nepal from Kolkata by June.
Stating that the road ahead for SpiceJet is "pretty tough", its original founder and new owner Ajay Singh on Thursday said he is in talks with more than one investor for fund infusion into the carrier.
Such tickets can be booked through the SpiceJet website alone
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.
Union Minister for Civil Aviation Praful Patel flagged off SpiceJet, India's latest low cost, no-frills airline on Tuesday on the Delhi-Ahmedabad-Mumbai route with a Boeing 737-800 aircraft in an efficient all economy 189 seat configuration.
the airline is giving 30 per cent discount on tickets.
A look at the Kalanithi Maran-controlled airline's place in the domestic aviation sector
Airlines' summer schedule in India commences from late March and lasts till October every year.
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.
Singapore-based Tigerair has terminated its passenger swapping pact with Spicejet over a year after the two budget carriers forged the inter-line arrangements.
The airline management has now sought a meeting with civil aviation minister Ashok Gajapathi Raju to present the airline's plan.
The airline reported a net loss of Rs 321.50 crore (Rs 3.21 bn) in Q4.
The court order could put SpiceJet's revival plan under stress.
Low-cost airline, Spicejet is awaiting the government's approval to commence its international operations soon, a top company official said on Tuesday. Announcing the launch of new flights from Coimbatore to Chennai, Delhi, Mumbai and Hyderabad from Oct 25, Kamal Hingorani, vice-president, sales and marketing, Spicejet, said the company was expecting approval from the Centre from May.
Though the airline got an additional time to clear airport charges, it was reportedly denied fuel across major airports like Delhi, Mumbai and Hyderabad, leading to several flight cancellations and delays, said a Financial Express report.
Fares would vary according to sector.
SpiceJet has been most affected by the grounding of 737 Max 8 aircraft as it has 12 of them in its fleet.
SpiceJet slumped slumped almost 14 per cent amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier.
The airline notched an on-time performance score of 79.9 per cent across the Delhi, Mumbai, Bangalore, and Hyderabad
Carrier in denial, even as Paramount looks for a buy.
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.
The airline has launched a series of discount offers since January this year.
The difficult period created by some "legacy issues" are over.
The airline dropped fares to gain customer load, but failed to cover the cost of its flights
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