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.
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.
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.
Ajay Singh will team up with two blue-chip investors to bail out the airline
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.
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
The airline was forced to ground its fleet in December after running out of cash.
The flight with about 70 passengers on board left Chennai around 7.30 am and when it was about to land around 8:25 am, smoke was noticed from one of its engines.
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.
Low-cost airline, Spicejet is awaiting the government's approval to commence its international operations soon, a top company official said on Tuesday. Announcing the launch of new flights from Coimbatore to Chennai, Delhi, Mumbai and Hyderabad from Oct 25, Kamal Hingorani, vice-president, sales and marketing, Spicejet, said the company was expecting approval from the Centre from May.
About 40 quit last November as the airline cut down its fleet.
Boeing 737 MAX planes were globally grounded in March 2019, after two of these crashed within five months, raising safety concerns.
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.
Concerned over the deteriorating condition of SpiceJet, aviation regulator DGCA on Friday withdrew 186 of its slots and asked it to clear salary dues of all its employees in the next ten days.
Budget airline Spicejet on Thursday announced its second flight in Hyderabad, Delhi and Mumbai sector.
Made from Jatropha crop, the fuel has been developed by the CSIR-Indian Institute of Petroleum, Dehradun.
Budget carrier SpiceJet has accepted the resignation of its chief Executive Niel Raymond Mills, 18 months before his service contract was to expire.
SpiceJet announced discounted fares on domestic sector.
Passi was suspended from her job from March 16 this year.
The market, however, reacted negatively to SpiceJet's announcement and the company's stock dropped by 0.87 per cent as analysts became wary of diversion into a new business during a high fuel price environment.
No-frills carrier SpiceJet on Tuesday put on sale 1 lakh seats on its select domestic flights for just Re 1.
BSE has sought clarification from the company with respect to the media report stating that Spicejet is to sell part/complete stake to an investor.
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.
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.
SpiceJet was forced to ground its fleet and cancel hundreds of its flights in December.
The sale launched on Tuesday will be open till October 29.
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.
The official said that the licences of the two pilots -- Ajinkya Hanchate and Tushar Dasgupta -- have been suspended for one year and they also have to undergo corrective training.
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 would see a capital infusion of Rs 1,500 crore.
Kalanithi Maran, the former promoter of Spicejet, has moved the Delhi High Court against the airline.
Confirming the resignation of Aggarwal, airline sources said Kishore Gupta, a member of the SpiceJet board, is likely to take over the position for the time being as part of an interim arrangement.
While nobody was injured in the incident, it forced the airport to divert a few other flights.
The move comes amid expectations that the government would allow foreign airlines to invest directly in Indian carriers.
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 pilot-in-command has been sacked for violating aviation regulator Directorate General of Civil Aviation's safety norms after following due process, SpiceJet said in a statement.
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.
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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
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