Spicejet receives maximum complaints regarding refunds
To introduce 'Guest First' programme to attract corporate customers; its market share and load factor lower than rivals
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.
At present, Air India offers eight first class, 35 business class and 195 economy class seats in its Boeing 777 200-LRs.
A consortium led by Ajay Singh is initially expected to invest Rs 1,200 cr, largely to cover liabilities.
Rainbow-themed badge adorns US training facility
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'.
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.
Given the cost structure in the country, it won't be easy for AirAsia to offer 'Nano' fares and still make money.
The airline has launched a series of discount offers since January this year.
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.
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
A source said Mills was leaving the airline as he was not getting operational freedom to run the organisation.
Air India's decision to buy five Boeing 787-9 is illogical.
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.
Use of expensive hotels or five-star hotels for stay during the travel or holding events has been restricted
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.
Low cost airline SpiceJet, will introduce international flights to Bangladesh, Sri Lanka and Nepal from Kolkata by June.
Kingfisher and Deccan swap of shares will be finalised by April, upon Sebi's approval.
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.
DGCA rules require pilots to service a six-month notice.
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.
Last week, the carrier had asked about 60 pilots who had resigned to leave after serving only half the six-month notice period.
This is three and a half times the loss in the same quarter a year ago.
Earlier, PE firms such as Goldman Sachs and Indigo Partners had evinced interest in the Indian aviation market.
But the Abu Dhabi-based airline would first bolster its own network with traffic from India before Jet's turnaround.
With its nominees on the board, Tata Sons will have the controlling stake of 51%.
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.
Move will help AI Express reduce costs and increase fleet utilisation.
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.
The flag carrier had operated two flights as a special measure to airlift Indian citizens who were caught in the violent unrest in Egypt but some stranded fliers alleged that they had to shell out almost more than double the cost of a single ticket from Cairo to Mumbai.
Kingfisher will be permitted to fly abroad this year, following its acquisition of Air Deccan. Since Air Deccan will be eligible for the international arena this August, Kingfisher too will enjoy this right.
'At any given point in time, we expect only 25 per cent of our workforce will need to be in office.' 'And any given person will only be required to spend only 25 per cent of their time in office.'
