The move comes amid expectations that the government would allow foreign airlines to invest directly in Indian carriers.
Meanwhile, Minister of State for Civil Aviation Mahesh Sharma said that there was no question of any bail out to the beleaguered carrier
Kalanithi Maran, the former promoter of Spicejet, has moved the Delhi High Court against the airline.
DGCA rules require pilots to service a six-month notice.
A consortium led by Ajay Singh is initially expected to invest Rs 1,200 cr, largely to cover liabilities.
Amidst strained ties with China, the pre-budget Economic Survey on Monday made a strong case for seeking foreign direct investments (FDI) from Beijing to boost local manufacturing and tap the export market. As the US and Europe are shifting their immediate sourcing away from China, it is more effective to have Chinese companies invest in India and then export the products to these markets rather than importing from the neighbouring country, the Survey said.
Kebabs, biryani and Sheer Khurma? Add to that and experiment with the delicacies we have on offer.
India's spices board has decided to float a new company to market spices across the country and abroad.
Sources in the government said the roof that collapsed at T1 was constructed during 2008-09 and that the work was contracted out by GMR to private contractors.
SpiceJet slumped slumped almost 14 per cent amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier.
SpiceJet put one lakh seats up for grabs.
The airline pitches its product and service, keeps silent about price in a new campaign as it looks to win over young business travelers.
Operations have stabilised with on-time performance at around 90 per cent and cancellations rates being the lowest in the industry.
Test your knowledge of Indian street food with this fun quiz!
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Officials in India's civil aviation ministry are now expected to meet SpiceJet stakeholders within a couple of days to discuss the revival plan
This is three and a half times the loss in the same quarter a year ago.
SpiceJet has been most affected by the grounding of 737 Max 8 aircraft as it has 12 of them in its fleet.
Over the past six months, the airline's fleet has shrunk from 58 aircraft to 48 planes with the carrier returning 10 Boeing 737s to lessors.
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.
Spice Telecom, one of the cellular service providers in Punjab, on Friday announced a 'special ISD offer' for its subscribers in the state, reducing international calling rates from Rs 16 to Rs 3.99 per minute.
An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation).
The on-time performance (OTP) of Indian carriers took a major dip in January as dense fog foiled their flight schedules. According to data from the Ministry of Civil Aviation reviewed by Business Standard, five out of six major Indian carriers - IndiGo, Air India, AIX Connect, Akasa Air, and Vistara - recorded their lowest OTPs in at least the last 11 months. In response to queries, an Air India spokesperson said that during this winter, northern India experienced unusually prolonged periods of dense fog affecting traffic at the airline's two largest hubs -- Delhi and Mumbai.
SpiceJet was dragged to court by several aircraft leasing firms.
Ajay Singh is trying hard to turnaround SpiceJet.
IndiGo continues to fly high as the top airline in India while crisis-hit SpiceJet has some good news.
SpiceJet's original promoter is closer to taking the management reins.
The court order could put SpiceJet's revival plan under stress.
The difficult period created by some "legacy issues" are over.
Those who book tickets at discounted fares but later decide to check-in luggage would have to pay a fee.
Lauki's high-water content makes it the perfect summer vegetable.
The phone is equipped with a 1.3 GHz Quad Core Processor and a majestic 5-inch HD IPS display.
SpiceJet is the first Indian airline to operate on Kathmandu-Bagdogra route.
India has flagged concerns over non-tariff barriers (NTBs) faced by its exporters with the Russian government, commerce secretary Sunil Barthwal said on Monday. NTBs faced by Indian exporters are mainly in sectors such as marine products and pharmaceuticals.
The warning had come after SpiceJet's dues to AAI (including interest at 12 per cent) exceeded Rs 300 crore (Rs 3 billion) this month -- from Rs 230 crore (Rs 2.3 billion) early December last year.
The catch is you will have to book your flight by August 27 and travel between September 25 and January 15, an airline spokesperson said, adding the offer is applicable on all direct, via and onward flights on SpiceJet's domestic network.
Singapore-based Tigerair has terminated its passenger swapping pact with Spicejet over a year after the two budget carriers forged the inter-line arrangements.
The additional stake will cost the promoters Rs 312 crore (Rs 3.12 billion).
The park, to be set up at a cost of Rs 9.95 crore (Rs 99.5 million), will provide facilities for dehydration of garlic products, coriander leaf, green chilly extracts, turmeric and other medicinal herbs.
In a disclosure to the Bombay Stock Exchange, Spicejet said that over 18.52 lakh equity shares of the company, pledged by Kal Airways have been released.
His exit is yet another example of a churn in the company's senior management, which saw fresh appointments in finance, commercial and sales division.
