SpiceJet will begin regional operations from Tier-2 and 3 cities like Vijayawada, Tirupati, Mysore, Mangalore, Madurai, Nagpur and Indore using the Bombardier Q400 Next Gen turboprop aircraft.
SpiceJet has reported profit in Q1, it is trying its best to improve efficiencies in FY16.
SpiceJet has cut costs to turnaround the carrier in a year's time.
The move comes within days of Indian Railways announcing an increase in fares from January 21.
The carrier is implementing a number of measures.
The chief operating officer said that the carrier will surmount the present crisis very soon.
Indian airline SpiceJet Ltd said on Thursday that its billionaire owner, Kalanithi Maran has proposed to transfer majority ownership in the ailing carrier to co-founder Ajay Singh.
Among the impacted flights, Air India's flight AI 185 from the national capital to Vancouver that was to depart early in the morning was rescheduled.
Amid the debate over bailout for private carrier Kingfisher Airlines, SpiceJet chief Neil Mills on Monday said the government should not use taxpayers' money to revive a private sector company.
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.
In a bid to cash in on upcoming summer holiday season, low-cost carriers SpiceJet and IndiGo on Tuesday launched the fourth round of price war in the bleeding aviation sector, offering massive discounts on tickets.
The airline has said it isn't worried about competition in the domestic market, thanks to its spread across three passenger segments
The four 78-seater Q400s would connect Hyderabad with 12 Tier-II and Tier-III destinations.
There are rumours that Ajay Singh who previously headed SpiceJet may get an investor to bail out the airline of dire consequences.
Vijay Mallya-owned private air-carrier, Kingfisher Airlines is in talks with a top former executive of the budget airline, SpiceJet to take him onboard and a final decision on the issue is expected shotly, sources said.
After FY14's record loss, SpiceJet cuts capacity, chases costs, redraws flight schedules and puts more money in marketing to attract corporate travel.
Mid-air Holi celebrations aboard eight flights have cost no-frill carrier SpiceJet heavily.
SpiceJet, the low-cost air carrier, on Thursday got its shareholders' approval to issue additional equity shares to promoter Kalanithi Maran, who in turn will infuse Rs 130 crore (Rs 1.3 billion) into the airline. Maran's equity holding would go up from 38 per cent to 43 per cent of the company's shares.
Budget airline SpiceJet has launched the best offer this summer.
US aircraft maker Boeing Corp on Wednesday signed an agreement to sell ten 737-800 passenger jets, with an option to sell 10 more, to SpiceJet low-cost carrier in a deal worth $1.26 billion at list prices.\n\n
The shareholders didn't vote against a rise in the company's authorised share capital to Rs 1,000 crore (Rs 10 billion) or the reappointment of S Natrajhen as managing director.
SpiceJet promoter Kalanithi Maran would need to invest at least Rs 1,500 crore (Rs 15 billion) almost immediately to stabilise the airline.
The task I had undertaken was by no stretch of imagination an easy one, says Ajay Singh.
Neil Mills, chief executive, spoke to Business Standard on its strategy and the unprecedented scheme of selling a million tickets at a base price of Rs 1.
Due to unfavourable industry prospects and given that the September quarter is traditionally a weak one, the outlook for SpiceJet is not favourable.
IndiGo and Jet Airways took the second and third rank, alternatively, during this period.
Spicejet will raise Rs 530.76 crore or Rs 5.3 billion ($118.5 million) through issue of equity shares on preferential basis to various foreign and domestic investors.
Under the offer, a corporate traveller will be entitled to one free single way ticket for every six completed one-way journeys.
To turnaround, the airline bets on heavily-discounted tickets and new overseas routes.
The first flight with over 150 passengers from Chennai landed here this morning as the 'cultural capital' was included in the list of one of the major low-cost airliners in India.
Following the stake sale buzz, shares of the company opened higher and further zoomed 8.51 per cent to Rs 47.80 on the Bombay Stock Exchange.
Low fare private air carrier SpiceJet on Friday announced 'Red Hot Specials' scheme under which it would sell 9,999 seats for Rs 999 for all the six sectors it operated.
The airline not to be put on cash and carry mode
Unveiling its plans to expand fleet size to 50 aircraft by year-end, low-cost airline SpiceJet on Wednesday said it will start flights to six new foreign destinations, including Afghanistan, China and Hong Kong, by October-end.
The airlines were penalised for 'concerted action in fixing and revising Fuel Surcharge (FSC) for transporting cargo.'
Foton Motor plans to manufacture and sell buses and trucks here.
According to analysts, the Indian aviation industry has come out of blues and this is the right time to enter the sector as it may see a complete turnaround on account of consolidation in the industry and the increased demand due to pick-up in the business activity.
A Srinagar-bound SpiceJet aircraft with 186 passengers on board landed under emergency conditions in New Delhi on Monday after Air Traffic Control learnt that it had suffered a tyre burst while taking off and asked it to return
A Srinagar-bound SpiceJet aircraft with 186 passengers on board landed under emergency conditions in New Delhi on Monday after Air Traffic Control learnt that it had suffered a tyre burst while taking off and asked it to return
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