Ajay Singh is trying hard to turnaround SpiceJet.
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.
The airline has already commenced the sale of tickets for the new destination, which will be the ninth international sector to be served by carrier, SpiceJet said.
The Boeing website lists the price of a Boeing 737-800 aircraft at $90.5 million.
Though SpiceJet is likely to resume flights, experts have a doubt on the airline's financial capabilities.
The DGCA official who wrongly assigned the code of Antonov AN-32 -- an aircraft used by the IAF -- to the SpiceJet aircraft has been suspended, report Arindam Majumder and Aneesh Phadnis.
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.
SpiceJet has cut capacity by reducing its fleet to 35 Boeing 737 aircraft from 42 in December.
A Delhi-bound SpiceJet plane hit a stray buffalo on the runway while rolling for take-off from Surat airport late Thursday night, providing anxious moments to the 146 people on board.
Foreign carriers to pick up staff from cash-strapped SpiceJet.
HC asks DGCA not to de-register SpiceJet planes till April 6.
In aviation parlance, an 'interline arrangement' is a deal under which the same ticket covers different legs of the journey flown by different airlines.
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.
Beleaguered no-frills carrier SpiceJet on Monday approached the government for financial aid.
The airline was also asked to refund the money it charged from passengers for food and beverages as, according to the laid-down rules, it was supposed to have offered these items for free.
Crisis-hit SpiceJet hopedul of a turnaround.
The additional stake will cost the promoters Rs 312 crore (Rs 3.12 billion).
Latter's market share rises to 36.1% in Dec; best on-time performance across metro airports
SpiceJet will have to refund fare to passengers due to a flight delay.
The airline dropped fares to gain customer load, but failed to cover the cost of its flights
There could be rejig at top level at SpiceJet.
The airline reported a loss of over Rs 1,000 crore last fiscal which is five times higher than its 2013 loss.
Sources privy to the development said Maran was being asked to take care of a part of the liabilities.
Falling jet fuel prices, stable rupee signal lower losses
SpiceJet has cut costs to turnaround the carrier in a year's time.
Some lessors have even taken the airline to court.
Earlier, PE firms such as Goldman Sachs and Indigo Partners had evinced interest in the Indian aviation market.
If all 102 grounded planes could fly, there will theoretically be 400 more Delhi-Mumbai flights every day.
The airline not to be put on cash and carry mode
We are only 9-10 months into the turnaround exercise: Maran
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.
At the recently concluded Dubai airshow, Akasa, Rakesh Radheyshyam Jhunjhunwala's new airline, signed a $9 billion deal with American aircraft maker Boeing to buy its 737 MAX planes and a $4 billion one for engines with CFM, a joint venture between GE of the US and Safran of France. Unlike his financial doppelganger Warren Buffett, who divested billions from his airline stock portfolio at the start of the pandemic, Jhunjhunwala is wagering his billions in a brand new airline. The legendary investor bought a roughly 40 per cent stake in SNV Aviation in September, Akasa's holding company, started in March by three former Jet Airways colleagues. With aviation still to recover from its pandemic slump, the big question around his foray into domestic aviation, due to take off in summer 2022, is whether it is another pie in the sky.
SpiceJet promoter Kalanithi Maran would need to invest at least Rs 1,500 crore (Rs 15 billion) almost immediately to stabilise the airline.
Jet's air operator certificate will lapse on May 19.
We have cleared all dues to our employees, says Ajay Singh
SpiceJet, on the verge of a shutdown two years ago, is now looking at joining a burgeoning global league of low-cost long-haul airlines by providing a Rs 30,000 to-and-fro fare to western European destinations. Chairman and managing director Ajay Singh elaborates.
The Boeing 737 aircraft, which was stuck between the main runway and grassy area after skidded off on arrival at the airport late Monday night, was pulled back to the runway late Thursday night, paving the way for full-fledged operations at the aerodrome, officials said. The aircraft was towed away to the hangar earlier in the day.
On Monday, the fifth Air India flight landed in Delhi from Bucharest with 249 Indian nationals while the sixth flight arrived from Budapest here with 240 Indian nationals, the officials said.
The airline has suspended its international operations till Monday.
West Asian carriers are up against Air India and IndiGo in the battle for seats on lucrative international routes.
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