The Delhi high court on Friday directed the civil aviation regulator to deregister planes leased to Go First within five working days, giving respite to the lessors. This means that the airline will have to give back all 54 aircraft to the lessors if its resolution professional (RP) does not challenge the order or ask for a stay. Justice Tara Vitasta Ganju also refused the request of the RP, represented by advocate Diwakar Maheshwari, to keep the operation of the order in abeyance for a week to enable them to file an appeal before the division Bench of the court.
This is three and a half times the loss in the same quarter a year ago.
Operations have stabilised with on-time performance at around 90 per cent and cancellations rates being the lowest in the industry.
SpiceJet put one lakh seats up for grabs.
The safety and security of citizens is primary for the government, he said.
Ajay Singh is trying hard to turnaround SpiceJet.
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.
SpiceJet was dragged to court by several aircraft leasing firms.
SpiceJet is the first Indian airline to operate on Kathmandu-Bagdogra route.
SpiceJet's original promoter is closer to taking the management reins.
The difficult period created by some "legacy issues" are over.
Seaplanes are fixed-wing aircraft that can take off and land on both water and airfields.
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.
Budget carrier SpiceJet on Wednesday launched another discounted ticket scheme, offering fares as low as Rs 1,599 across its domestic network for travel between February 15 and April 15 to celebrate Valentine's Day.
It would help in saving fuel, reducing CO2 emissions as well as noise levels, according to officials
The secret behind Singh's success was that he mostly set about undoing all the mistakes made by the Marans, points out Anjuli Bhargava.
Low cost carrier SpiceJet on Monday announced the appointment of Sanjay Aggarwal as its chief executive officer. Prior to this, Aggarwal was working with private air travel services provider Flight Options as chief operating officer and chief strategy officer, a company statement said.
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.
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.
The airline reported a net loss of Rs 321.50 crore (Rs 3.21 bn) in Q4.
SpiceJet is offering fares on Mumbai-Dubai route as a discount.
Low cost airline SpiceJet, will introduce international flights to Bangladesh, Sri Lanka and Nepal from Kolkata by June.
The airline pitches its product and service, keeps silent about price in a new campaign as it looks to win over young business travelers.
The court order could put SpiceJet's revival plan under stress.
Private air carrier Spicejet on Wednesday said it will raise $75 million (about Rs 355 crore) through the sale of shares or bonds to fund its fleet and route expansion programme.
Such tickets can be booked through the SpiceJet website alone
The travel period for tickets availed under this offer stands between January 15 and April 12
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.
Dubai-based Emirates Airline has termed reports that it is holding discussions with Indian carrier SpiceJet for buying a stake in the airline as 'inaccurate' and said that it was busy with its own expansion plans.
SpiceJet on Monday launched discounted ticket sales at 'rates cheaper than AC 2-Tier train fare.
Cash-strapped SpiceJet has cancelled over 1,800 flights across the country for the current month, in signs of mounting troubles for the budget airline.
If oil prices continue as they are and we can cut costs, we'll be able to break even in the next financial quarter, says Singh.
SpiceJet grounded all its aircraft due to payment woes
No-frill carrier SpiceJet on Monday announced compensation to passengers for delay or cancellation of flights due to factors within their control, through travel vouchers worth Rs 500 or Rs 1,000.
The DGCA has allowed SpiceJet to accept advance bookings beyond March 31.
Low cost airline Spicejet is planning to add 23 new aircraft to its fleet by 2008. Following this, it will operate more than 250 flights to around 24 destinations, offering over 35,000 seats per day.
On December 31, SpiceJet's accumulated losses had grown to Rs 3,233 crore.
The pilots of India's budget carrier SpiceJet would now be trained by flight training establishment of the Dubai carrier, Emirates.
Temasek Holdings Pte Ltd., the Singapore government's investment company, said it would not invest in SpiceJet Ltd., an Indian low-fare carrier that started flying in May, because of a disagreement on terms.
SpiceJet owes around Rs 240 crore (Rs 2.40 billion) to the Airports Authority of India (AAI) for using its airports in the country.
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