Low cost airline Spicejet is planning to add 23 new aircraft to its fleet by 2008. Following this, it will operate more than 250 flights to around 24 destinations, offering over 35,000 seats per day.
Domestic air traffic in April this year consisted 10.99 million passengers as compared to 11.51 million passengers in the same month last year, signifying a fall of around 4.5 per cent,
Samridhi Bhardwaj analyses the dynamics of duty-free liquor allowance in India.
Despite adding no new aircraft, Jet Airways saw more departures during the year, it flew more people, and achieved a higher load
Spicejet receives maximum complaints regarding refunds
To introduce 'Guest First' programme to attract corporate customers; its market share and load factor lower than rivals
SpiceJet, IndiGo, Jet Airways, Alliance Air, and Turbo Aviation are among the operators that have bagged the routes in the third round.
The one-time restructuring of loans will help every firm and prevent cost-cutting measures such as lay-offs.
At present, Air India offers eight first class, 35 business class and 195 economy class seats in its Boeing 777 200-LRs.
Despite having started at least a decade later than Jet Airways, IndiGo accounts for the lion's share in the domestic market
This is the third consecutive profitable quarter for SpiceJet.
SpiceJet on Monday launched discounted ticket sales at 'rates cheaper than AC 2-Tier train fare.
A consortium led by Ajay Singh is initially expected to invest Rs 1,200 cr, largely to cover liabilities.
The decision to close down Kingfisher Red was announced by airline group chief Vijay Mallya yesterday who said this was being done 'because we don't intend to compete in the low-cost segment'.
Given the cost structure in the country, it won't be easy for AirAsia to offer 'Nano' fares and still make money.
Spicejet on Tuesday entered the low-cost airline sector in India with special fares of Rs 99 for the first 99 days of its operation.
The carrier is implementing a number of measures.
IndiGo's passenger load factor, at 67% in July, fell six percentage points from the same month last year.
The airline has launched a series of discount offers since January this year.
A source said Mills was leaving the airline as he was not getting operational freedom to run the organisation.
Two months before its maiden overseas flight was to take off, billionaire Vijay Mallya's Kingfisher Airlines has decided to rethink its whole strategy of flying abroad. "Due to the increase in crude oil prices and no signs of stability in the market, we are re-evaluating all our plans for international operations, keeping in mind costs and route network," Kingfisher Airlines executive vice-president Hitesh Patel said in reply to a questionnaire.
Air India's decision to buy five Boeing 787-9 is illogical.
Use of expensive hotels or five-star hotels for stay during the travel or holding events has been restricted
Kingfisher and Deccan swap of shares will be finalised by April, upon Sebi's approval.
Low cost airline SpiceJet, will introduce international flights to Bangladesh, Sri Lanka and Nepal from Kolkata by June.
Regional connectivity will bring development to tier-2 and tier-3 cities which are becoming "growth engines", Prime Minister Narendra Modi said while inaugurating the first flight under UDAN.
Sources privy to the development said Maran was being asked to take care of a part of the liabilities.
DGCA sources pegged SpiceJet's total dues at Rs 1,600 crore (Rs 16 billion), which the airline owes lessors, vendors, income-tax department and airport operators.
The airline is currently operating on the Delhi-Dubai, Mumbai-Dubai, Delhi-Singapore and Mumbai-Muscat routes.
Jet had been operating two similar, low cost services under two different brand names, Jet Airways Konnect & Jet Lite for quite some time now.
DGCA rules require pilots to service a six-month notice.
This is three and a half times the loss in the same quarter a year ago.
But the Abu Dhabi-based airline would first bolster its own network with traffic from India before Jet's turnaround.
Last week, the carrier had asked about 60 pilots who had resigned to leave after serving only half the six-month notice period.
Earlier, PE firms such as Goldman Sachs and Indigo Partners had evinced interest in the Indian aviation market.
Three months after Sanjay Aggarwal resigned as chief executive officer (CEO) of SpiceJet, the airline announced the appointment of Neil Raymond Mills as the CEO.
With its nominees on the board, Tata Sons will have the controlling stake of 51%.
Move will help AI Express reduce costs and increase fleet utilisation.
