The chief operating officer said that the carrier will surmount the present crisis very soon.
The airline has also inked a deal to take 12 A320s from Singapore's Tiger Airways on lease.
Indian billionaires do not believe in sitting on their wealth.
Airline says can't discuss dues publicly, denies grounding of planes
The airline dropped fares to gain customer load, but failed to cover the cost of its flights
Ministry sources say investors are looking at pumping in around Rs 1,100 crore
The court order could put SpiceJet's revival plan under stress.
Sobha Puravankara is yet to explain to the safety lapses found by the DGCA.
AirAsia's India plans may not be hit with the current crisis that the airline is going through
Earlier, PE firms such as Goldman Sachs and Indigo Partners had evinced interest in the Indian aviation market.
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.
Hyderabad-based Turbo Megha Airways takes off, promising affordable fares and other benefits.
Maran's penchant for taking risks was visible last year again when he acquired Indian Premier League's Hyderabad cricket franchisee and named it Sun Risers.
The analysis covers BSE 200 Index's 171 companies for which data on the compensation to the boards of directors for FY14 and FY13 are available.
SpiceJet has cut costs to turnaround the carrier in a year's time.
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Ajay Singh is trying hard to turnaround SpiceJet.
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Here are the world's most courteous, friendly, helpful and efficient airline crews from each continent.
Concerned about the deteriorating financial and operational performance of the Kalanithi Maran-promoted airline, the DGCA had on Friday withdrawn 186 flight slots of SpiceJet and directed it not to take bookings for flights beyond a month.
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
The task I had undertaken was by no stretch of imagination an easy one, says Ajay Singh.
From Kudankulam to the Land Bill, the author takes the Twitter route to capture the infra action of 2013.
Few top honchos of India Inc did very well in 2014.
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