BBAM seeks $100 million, return of 6 Boeing 737s.
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the deteriorating financial and operational performance of the Kalanithi Maran-promoted airline, the DGCA had on Friday withdrawn 186 flight slots of SpiceJet and directed it not to take bookings for flights beyond a month.
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.
The airline had told its pilots on Wednesday that they will not be paid salaries for April and May, adding that those who have been operating cargo flights will get paid for the number of hours flown.
A sudden downpour in Delhi caught citizens off guard and caused heavy waterlogging and traffic jams on Tuesday while Mumbai breathed a sigh of relief as showers stopped a day after heavy rain brought the metropolis to its knees.
The Bhopal MP was was asked to move to a non-emergency row seat as she was on a wheelchair but she refused, causing the flight to delay of almost 45 minutes. Ultimately, she acquiesced and moved.
Both the pilots of the flight have been grounded, pending enquiry, the airline said, adding the incident took place around 1630 hrs.
A Mumbai-bound SpiceJet flight from Jaipur carrying 167 passengers and crew overshot the runway at the Mumbai airport Monday night after landing amid heavy rains, blocking it for traffic.
SpiceJet's chief operating officer Sanjiv Kapoor has resigned after two years of service.
Airfares have nearly doubled in a matter of days on routes hit by the cancellation of 200 weekly flights linking Mumbai airport to 12 cities. The fares have soared as high as 193 per cent following a recent government order to cancel flights to ease "persistent congestion" that was causing delays. Aside from the reduction in flights on 12 routes, two destinations - Hubli and Jabalpur - have lost connectivity with Mumbai since last week, according to aviation analytics firm Cirium's data reviewed
SpiceJet, India's second-largest private airline, kicked off the process of hiving off its logistics business to its subsidiary SpiceXpress as it looks to raise much-needed capital. On Tuesday, the company sought its shareholders' approval to complete the process and to raise up to Rs 2,500 crore via a qualified institutions placement (QIP). It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money.
SpiceJet will operate two daily flights using wet leased Twin Otter aircraft from Maldivian Aero. PM Modi is expected to inaugurate and travel on first flight.
Though SpiceJet is likely to resume flights, experts have a doubt on the airline's financial capabilities.
Over the past month, SpiceJet has been hit by a spate of bad news. As the airline's losses mount and troubles pile up, analysts worry about its prospects.
The Delhi airport, the country's busiest airport, on Friday early morning witnessed the collapse of a roof at Terminal 1 amid heavy rains that killed one person, prompting the government to order a detailed probe and an inspection of the structural strength of all airports.
From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra and Mahindra, and a lesser-known Future Gaming and Hotel Services were among the prominent buyers of the now-scrapped electoral bonds for making political donations.
Promoters of SpiceJet do not have funds to bail out the airlines of dire consequences.
"Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage," DIPAM Secretary Tuhin Kanta Pandey tweeted.
After Air India and IndiGo, SpiceJet is the third carrier to cancel the ticket of the Lok Sabha member.
Cites technical reasons; crew told to apologies to passengers and provide feedback forms for those seeking a refund for pre-booked meals
The Directorate General of Civil Aviation has been asked to open up bookings of SpiceJet till March 31, 2015, while airport operators have been asked to provide 15 days to the airline company for making payments.
Low-cost airline SpiceJet on Monday said it has rolled out a special one-way low-fare offer, starting at Rs 826.
SpiceJet has announced the appointment of Seema Chandra as Chief Financial Officer with effect from July 1.
The technician was carrying out maintenance on the landing gear of the Bombardier Q400 plane when the landing door accidentally got closed.
Before buying Marans' stake, Singh's shareholding stood at 1.85%.
The incident which occurred on August 11, involving SpiceJet Hyderabad flight from Chennai (SG 511) and Emirates' Dubai-bound Brisbane flight (EK 433), is currently being investigated by the aviation regulator, DGCA sources said.
His Rare Enterprises purchased 75 lakh shares worth Rs 13 crore.
A senior government official informed AAI had agreed not to withdraw the credit facility of SpiceJet till Monday.
40 executives in the middle to senior level are set to join the airline from rival IndiGo.
SpiceJet has decreased its domestic services by 31 per cent to 2,995 weekly flights in the upcoming winter schedule as compared to 4,316 weekly flights that it got approved for the winter schedule of 2019, the aviation regulator DGCA said on Thursday. Meanwhile, Vistara, another private carrier, has increased its domestic services by 22 per cent to 1,675 weekly flights as compared to 1,376 weekly flights for 2019 winter schedule, the regulator added. The winter schedule begins on October 31 of a year and ends on March 26 next year.
SpiceJet recently posted a loss of over Rs 1,000 crore (Rs 10 billion) for fiscal 2014.
SpiceJet board is likely to pass a resolution within three days after the court order.
Stating that the road ahead for SpiceJet is "pretty tough", its original founder and new owner Ajay Singh on Thursday said he is in talks with more than one investor for fund infusion into the carrier.
Union Minister for Civil Aviation Praful Patel flagged off SpiceJet, India's latest low cost, no-frills airline on Tuesday on the Delhi-Ahmedabad-Mumbai route with a Boeing 737-800 aircraft in an efficient all economy 189 seat configuration.
The DGCA official who wrongly assigned the code of Antonov AN-32 -- an aircraft used by the IAF -- to the SpiceJet aircraft has been suspended, report Arindam Majumder and Aneesh Phadnis.
Ajay Singh will team up with two blue-chip investors to bail out the airline
The airline was forced to ground its fleet in December after running out of cash.
Boeing 737 MAX planes were globally grounded in March 2019, after two of these crashed within five months, raising safety concerns.
The plane can fly non-stop to Singapore, Doha (Qatar), Kuwait, Abu Dhabi (UAE), Riyadh (Saudi Arabia), Kuala Lumpur (Malaysia), Tehran (Iran), Salalah (Oman) and Kunming (China), among other destinations, from various Indian airports.
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