SpiceJet, on the verge of a shutdown two years ago, is now looking at joining a burgeoning global league of low-cost long-haul airlines by providing a Rs 30,000 to-and-fro fare to western European destinations. Chairman and managing director Ajay Singh elaborates.
The airline's accounts are yet to be audited.
Jet Airways founder Naresh Goyal and few others have been booked by the Enforcement Directorate in a money laundering case even as the agency is conducting searches at his premises, officials said on Thursday. They said a criminal case against the former chairman of the airlines has been filed under the Prevention of Money Laundering Act after taking cognisance of a recent Mumbai Police FIR filed against him.
SpiceJet has reported profit in Q1, it is trying its best to improve efficiencies in FY16.
Some airline sources, however, fear it will reduce overall yields
India is not an easy environment to operate in and grow because of the high cost of operations, says Neil Mills.
There is enough room for growth in smaller Indian towns as per US and European aircraft manufacturers
A mutually beneficial relationship between the airline and the govt is the reason for its continued funding.
The sector will start making operating profits by 2020.
In a meeting with stakeholders last week, the authority mooted setting up a Special Purpose Vehicle along with airlines and state-owned oil marketing companies to develop common infrastructure to import ATF, among others, at Chennai and Kolkata airports. While AAI and OMCs will hold 76 per cent in the proposed SPV, the airlines will participate in the remaining 24 per cent equity.
'Now we will have real employees as the owner of the airline.'
The infusion will help the airlines plan their next rounds of operations as easing of 5/20 norms
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.
Jet Airways made a stand-alone profit of Rs 87.5 crore (Rs 875 million).
The airline notched an on-time performance score of 79.9 per cent across the Delhi, Mumbai, Bangalore, and Hyderabad
SpiceJet was forced to ground its fleet and cancel hundreds of its flights in December.
AirAsia says deal not violative of shareholder agreement.
'India is a high-cost market but that is man-made. The government can change that with a stroke of the pen.'
Air India will very soon get funds from the government for its day to day operations and will even place orders for a couple of aircraft
The airline dropped fares to gain customer load, but failed to cover the cost of its flights
'Whether it is the unions or the politicians, they don't have to do politics over Air India, but be guided by a solitary factor -- that we don't want Air India to fly into oblivion.'
The company's operating losses for 2014-15 likely to climb a bit.
Though Vistara is not a low-cost carrier, it could benefit from the fact that the difference between the fares of LCCs and economy class of full-service carriers in India is minimal today.
The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.
Air fares up 20-30 per cent as operating costs mount.
DGCA asks those likely to be affected by a scheduled air operator's permit to the airline to give suggestions, objections within 30 days.
A financial turnaround with the Etihad partnership and debt restructuring has not fully materialised.
The airline reported a loss of over Rs 1,000 crore last fiscal which is five times higher than its 2013 loss.
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.
The airline said it intends to run a full schedule at Gatwick on Monday and to operate a full long-haul schedule and a "high proportion" of its short-haul programme at Heathrow.
An aviation website has evaluated AirAsia's potential network in India based on passenger market size, distance from Chennai and competition.
Known as the "the world's most profitable high-speed rail," the Beijing-Shanghai high-speed railway covers more than 1,300 km within five hours.
Recruitment and import of aircraft still to get going
Deccan is planning to travel international routes from August from three destinations in India.
Government officials favoured compulsory biometric identification but said it did not happen because of the Supreme Court judgment on Aadhaar
The airline has two operating permits and offers both full service and no-frills service in the domestic market.
The budget carrier was on the verge of collapsing in Dec.
It has aircraft utilisation target of 16 hours as against the current 13 hours.
Many states like Maharashtra, West Bengal and Tamil Nadu were opposed to opening up of their airports in view of rising cases of the coronavirus infection.
The addition of eight new services would take the total number of flights operated by the IndiGo to 633
