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.
The aviation regulator slapped fines amounting to Rs 2.75 crore on Indian airlines in 2023, marking a 39 per cent rise in financial penalties from Rs 1.97 crore in 2022. The Directorate General of Civil Aviation (DGCA) said it imposed fines on domestic carriers such as Air India, IndiGo, AirAsia India and SpiceJet for issues related to non-compliance in 2023. The regulator also carried out a record number of 5,745 surveillance activities in the year to ensure compliance by airlines, aerodrome operators, and aviation personnel among others.
Sources in the government said the roof that collapsed at T1 was constructed during 2008-09 and that the work was contracted out by GMR to private contractors.
Ajay Singh will team up with two blue-chip investors to bail out the airline
'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 airline was forced to ground its fleet in December after running out of cash.
The flight with about 70 passengers on board left Chennai around 7.30 am and when it was about to land around 8:25 am, smoke was noticed from one of its engines.
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.
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.
An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation).
SpiceJet has decreased its domestic services by 31 per cent to 2,995 weekly flights in the upcoming winter schedule as compared to 4,316 weekly flights that it got approved for the winter schedule of 2019, the aviation regulator DGCA said on Thursday. Meanwhile, Vistara, another private carrier, has increased its domestic services by 22 per cent to 1,675 weekly flights as compared to 1,376 weekly flights for 2019 winter schedule, the regulator added. The winter schedule begins on October 31 of a year and ends on March 26 next year.
About 40 quit last November as the airline cut down its fleet.
The plane can fly non-stop to Singapore, Doha (Qatar), Kuwait, Abu Dhabi (UAE), Riyadh (Saudi Arabia), Kuala Lumpur (Malaysia), Tehran (Iran), Salalah (Oman) and Kunming (China), among other destinations, from various Indian airports.
Concerned over the deteriorating condition of SpiceJet, aviation regulator DGCA on Friday withdrew 186 of its slots and asked it to clear salary dues of all its employees in the next ten days.
Budget airline Spicejet on Thursday announced its second flight in Hyderabad, Delhi and Mumbai sector.
The on-time performance (OTP) of Indian carriers took a major dip in January as dense fog foiled their flight schedules. According to data from the Ministry of Civil Aviation reviewed by Business Standard, five out of six major Indian carriers - IndiGo, Air India, AIX Connect, Akasa Air, and Vistara - recorded their lowest OTPs in at least the last 11 months. In response to queries, an Air India spokesperson said that during this winter, northern India experienced unusually prolonged periods of dense fog affecting traffic at the airline's two largest hubs -- Delhi and Mumbai.
Boeing 737 MAX planes were globally grounded in March 2019, after two of these crashed within five months, raising safety concerns.
Budget carrier SpiceJet has accepted the resignation of its chief Executive Niel Raymond Mills, 18 months before his service contract was to expire.
Passi was suspended from her job from March 16 this year.
SpiceJet announced discounted fares on domestic sector.
Made from Jatropha crop, the fuel has been developed by the CSIR-Indian Institute of Petroleum, Dehradun.
No-frills carrier SpiceJet on Tuesday put on sale 1 lakh seats on its select domestic flights for just Re 1.
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.
BSE has sought clarification from the company with respect to the media report stating that Spicejet is to sell part/complete stake to an investor.
The airline is trying to save on wage costs by cutting the normal notice period of six months by about half for pilots who have already resigned.
SpiceJet was forced to ground its fleet and cancel hundreds of its flights in December.
The sale launched on Tuesday will be open till October 29.
The civil aviation ministry appears supportive of SpiceJet because it does not want another airline to fail. The real test now will be the capacity of the airline's chairman, Kalanithi Maran, to raise funds. And he needs to do this quickly.
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.
Confirming the resignation of Aggarwal, airline sources said Kishore Gupta, a member of the SpiceJet board, is likely to take over the position for the time being as part of an interim arrangement.
SpiceJet would see a capital infusion of Rs 1,500 crore.
Kalanithi Maran, the former promoter of Spicejet, has moved the Delhi High Court against the airline.
The official said that the licences of the two pilots -- Ajinkya Hanchate and Tushar Dasgupta -- have been suspended for one year and they also have to undergo corrective training.
The move comes amid expectations that the government would allow foreign airlines to invest directly in Indian carriers.
While nobody was injured in the incident, it forced the airport to divert a few other flights.
Singapore-based Tigerair has terminated its passenger swapping pact with Spicejet over a year after the two budget carriers forged the inter-line arrangements.
Airfares have nearly doubled in a matter of days on routes hit by the cancellation of 200 weekly flights linking Mumbai airport to 12 cities. The fares have soared as high as 193 per cent following a recent government order to cancel flights to ease "persistent congestion" that was causing delays. Aside from the reduction in flights on 12 routes, two destinations - Hubli and Jabalpur - have lost connectivity with Mumbai since last week, according to aviation analytics firm Cirium's data reviewed
A consortium led by Ajay Singh is initially expected to invest Rs 1,200 cr, largely to cover liabilities.
DGCA rules require pilots to service a six-month notice.
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