With the new fleet of Bombardier Q400 aircraft, the Kalanithi Maran-promoted airline aims at reaching more hinterland of northern Indian and connect more Tier II and Tier III cities on its network.
HC asks DGCA not to de-register SpiceJet planes till April 6.
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, sources said.
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.
Sun Network chairman Kalanithi Maran and his company, Kal Airways Pvt Ltd, which was incorporated on May 6, are the acquirers of the airline.
Maran had clinched a deal in June to acquire a 37.7 per cent stake in the airline for about Rs 750 crore (Rs 7.5 billion) from American investor Wilbur Ross, his investment companies and the Kansagara family-promoted Royal Holding Services Ltd.
JP Morgan may buy stake in debt -laden SpiceJet
India's second largest budget carrier SpiceJet, which reported a record Rs 1,003 crore (Rs 10.03 billion) net loss last fiscal, may soon receive the much-needed capital infusion as talks with an overseas investor have reached "very advanced stages".
Likely to rake up the issue of open offer exemption.
SpiceJet urges HC to direct DGCA not to deregister its planes.
Those who book tickets at discounted fares but later decide to check-in luggage would have to pay a fee.
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.
The airlines' CEO expects it have 50 Boeing-737s and 30 Bomardier aircraft by 2016
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.
Troubles for SpiceJet seem to have piled up and it remains financially strapped.
The airline has reported 5th straight quarter of net losses for the July-September period, at Rs 310 crore
Chief Operating Officer, Sanjiv Kapoor will be leaving the company effective October 31, 2015 after two years with the organisation.
He said the ministry was looking forward to suggestions from the state governments and discussions were underway with all the stakeholders to arrive at a policy which would bring back growth in the aviation sector.
Qatar Airways might infuse $200 million in debt and equity in SpiceJet.
In aviation parlance, an 'interline arrangement' is a deal under which the same ticket covers different legs of the journey flown by different airlines.
Delhi-based budget carrier SpiceJet will acquire 10 new Boeing 737 airplanes as a part of its fleet expansion programme.
Board has also accepted the resignations of Marans.
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.
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.
Falling jet fuel prices, stable rupee signal lower losses
Minority investors of SpiceJet might be feeling cold-shouldered.
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.
Sources privy to the development said Maran was being asked to take care of a part of the liabilities.
It offers fares as low as Rs 1,499 for a one-way journey.
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.
The sources indicated that the AAI, which had given time to SpiceJet till Monday to clear its dues, would not press the deadline and give the airline more time to pay up.
SpiceJet will have to refund fare to passengers due to a flight delay.
The Forbes magazine had adjudged Maran as the 38th richest man in India, with a net worth of $2.3 billion (as of September).
In a move that signals a fresh round of consolidation in the recession-hit aviation industry, budget carrier SpiceJet may pick 7.5 per cent stake in another low-cost airline IndiGo.
Speaking to Business Standard, Jet Executive Director Saroj Datta said: "SpiceJet and JetLite are an absolute fit in so far as their business models are concerned."
It is imperative that the government first decides who should assume ownership of running Air India.
The market is abuzz about how the fabled investor got it wrong.
Carrying on with its low-fare offers, SpiceJet has now started giving limited-period discounted tickets to flyers from Andhra Pradesh, Tamil Nadu and West Bengal.
Budget air-carrier, SpiceJet, expects to break-even this fiscal, a top company official said. The break-even could come on the back of stabilising fuel prices and an increasing demand for low-fare travel, he said. The air-carrier expects oil prices to stablise in the range of $65-70.
