As per the current policy, 100 per cent foreign investment is allowed in scheduled air transport service, domestic scheduled passenger airlines and regional air transport
Civil Aviation Minister Ajit Singh inaugurated the 5-day long event.
Foreign carriers to pick up staff from cash-strapped SpiceJet.
SpiceJet to add 7 planes; another Rs 500 cr infusion in April.
SpiceJet has cut the size of its fleet to 22-24 Boeing planes from 35 and will keep it this way for few months.
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.
'The girls will do well, I hope we get one or two medals. It could be a silver or may be even a gold.'
The move comes within days of Indian Railways announcing an increase in fares from January 21.
SpiceJet has reported profit in Q1, it is trying its best to improve efficiencies in FY16.
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.
The carrier is implementing a number of measures.
The chief operating officer said that the carrier will surmount the present crisis very soon.
An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation).
From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra and Mahindra, and a lesser-known Future Gaming and Hotel Services were among the prominent buyers of the now-scrapped electoral bonds for making political donations.
SpiceJet has cut costs to turnaround the carrier in a year's time.
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.
The four 78-seater Q400s would connect Hyderabad with 12 Tier-II and Tier-III destinations.
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.
The airline has said it isn't worried about competition in the domestic market, thanks to its spread across three passenger segments
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.
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.
There are rumours that Ajay Singh who previously headed SpiceJet may get an investor to bail out the airline of dire consequences.
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.
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
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.
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 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.
Budget airline SpiceJet has launched the best offer this summer.
SpiceJet promoter Kalanithi Maran would need to invest at least Rs 1,500 crore (Rs 15 billion) almost immediately to stabilise the airline.
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.
The task I had undertaken was by no stretch of imagination an easy one, says Ajay Singh.
Due to unfavourable industry prospects and given that the September quarter is traditionally a weak one, the outlook for SpiceJet is not favourable.
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 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.
IndiGo and Jet Airways took the second and third rank, alternatively, during this period.
To turnaround, the airline bets on heavily-discounted tickets and new overseas routes.
Under the offer, a corporate traveller will be entitled to one free single way ticket for every six completed one-way journeys.
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.
