The airline not to be put on cash and carry mode
The airlines were penalised for 'concerted action in fixing and revising Fuel Surcharge (FSC) for transporting cargo.'
The safety and security of citizens is primary for the government, he said.
Expanding its network in northern India, budget airlines Spicejet on Thursday launched its six-day a week service to Jammu and Srinagar.
In the absence of a chief executive officer, Delhi-based low-cost carrier SpiceJet has decided to set up a three-member management committee to take all company decisions, especially in the light of the recently-signed agreement with US-based investor Wilbur Ross.
Typically, the airline sells 40,000 seats a day.
The Delhi airport, the country's busiest airport, on Friday early morning witnessed the collapse of a roof at Terminal 1 amid heavy rains that killed one person, prompting the government to order a detailed probe and an inspection of the structural strength of all airports.
After doing so to Kingfisher Airlines, the Directorate General of Civil Aviation has issued showcause notices to carriers IndiGo and SpiceJet for having allegedly cancelled flights without informing passengers.
Airline says it is in comfortable situation.
SpiceJet Ltd., an Indian budget airline, will likely to sell a foreign currency convertible bond worth $90 million by early September to raise money for more plane purchases, a company executive said Wednesday.
Some lessors have even taken the airline to court.
As the competition between new airlines to attract passengers becomes increasingly cut-throat, damage caused to a plane by a toppled step-ladder has become the bone of contention between the two carriers.
Terming SpiceJet's offer of rupee one fare across its domestic network as "predatory" and a "malpractice", aviation regulator DGCA on Tuesday came down heavily on the no-frill carrier and asked it to stop such pricing immediately.
We have cleared all dues to our employees, says Ajay Singh
Meanwhile, the Directorate General of Civil Aviation has also ordered an engineering audit of the airline after the carrier is said to have found it difficult to provide equipment to operate some flights.
Competition promotes innovation in the business model, creating sustainable value.
The company's shareholders recently okayed a move to raise Maran's stake from 38 per cent to 43 per cent.
Under new Chairman Ajay Singh, the airline has cut routes - its capacity is down a third since last year - and costs.
For the Rs 599 offer, taxes and other fees and charges, barring fuel surcharge, would be additional, but the Rs 1,999 offer is all-inclusive
A SpiceJet aircraft with 179 people on board was today grounded after a foreign traveler claimed that there was a bomb inside the plane, forcing authorities to evacuate all the Delhi-bound passengers. However, after a thorough search of the plane, authorities at the Tribhuvan International Airport in Kathmandu said that it was a hoax.
Debt laden SpiceJet has to pay Rs 1,230 crore toward dues.
.jpg)
SpiceJet's ex promoter Ajay Singh is trying hard to pump in huge money into the airline.
Civil Aviation minister says that certain regulations restricting the growth in the aviation sector needs to be re-looked to attract investments.
Only two no-frill carriers, IndiGo and SpiceJet, have applied for permission for more flights from the DGCA this season than they did last year, official sources said, adding that other airlines have scaled down the number of flights they wish to operate this year.
The American investment bank also upgraded the stocks of both these companies to 'buy' from 'underperform', saying improving industry trends such as signs of ticket price hikes and reduced capacity will improve profitability.
According to a separate stock exchange filing by the company, Kalanithi Maran and Kal Airways have increased their holding in SpiceJet to 52.14 per cent.
The airline reported a loss of over Rs 1,000 crore last fiscal which is five times higher than its 2013 loss.
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.
Other airlines are expected to follow suit.
Fuel costs, interest and lease rentals increased but an increase in other income (Rs 11 crore) and non-operating income (Rs 28 crore) helped the airline to boost revenue and contain losses.
Sanjiv Kapoor questions the rival's change in strategy and claims of full load.
With a contrarian approach to the Indian market, Mills has reconfigured SpiceJet and eked out its first profit in five quarters. His plan is not without risks.
The Delhi high court on Friday directed the civil aviation regulator to deregister planes leased to Go First within five working days, giving respite to the lessors. This means that the airline will have to give back all 54 aircraft to the lessors if its resolution professional (RP) does not challenge the order or ask for a stay. Justice Tara Vitasta Ganju also refused the request of the RP, represented by advocate Diwakar Maheshwari, to keep the operation of the order in abeyance for a week to enable them to file an appeal before the division Bench of the court.
We are only 9-10 months into the turnaround exercise: Maran
Web designer Anvit Solomon Hembrom was arrested in New Delhi by sleuths from the cyber crime cell of Kolkata Police on charge of cheating, Deputy Commissioner of Police (Detective Department) Gyanwant Singh said in Kolkata on Friday.
Low-cost carrier SpiceJet on Tuesday said it is likely to break even in April-June.
Calculations based on the latest marketshare figures released by the ministry of civil aviation show that while a merger with GoAir or its acquisition would give SpiceJet a marketshare of 15 per cent, a merger with IndiGo would give it a hold over more than a quarter of the market. SpiceJet's current market share stands at 12 per cent.
SpiceJet did not provide the details of its ancillary revenue.
If all 102 grounded planes could fly, there will theoretically be 400 more Delhi-Mumbai flights every day.
