After doing so to Kingfisher Airlines, the Directorate General of Civil Aviation has issued showcause notices to carriers IndiGo and SpiceJet for having allegedly cancelled flights without informing passengers.
We have cleared all dues to our employees, says Ajay Singh
In the absence of a chief executive officer, Delhi-based low-cost carrier SpiceJet has decided to set up a three-member management committee to take all company decisions, especially in the light of the recently-signed agreement with US-based investor Wilbur Ross.
Terming SpiceJet's offer of rupee one fare across its domestic network as "predatory" and a "malpractice", aviation regulator DGCA on Tuesday came down heavily on the no-frill carrier and asked it to stop such pricing immediately.
Expanding its network in northern India, budget airlines Spicejet on Thursday launched its six-day a week service to Jammu and Srinagar.
During the Diwali week (November 10-16), airfares on major routes across the country have surged by up to 44 per cent.
Under new Chairman Ajay Singh, the airline has cut routes - its capacity is down a third since last year - and costs.
SpiceJet Ltd., an Indian budget airline, will likely to sell a foreign currency convertible bond worth $90 million by early September to raise money for more plane purchases, a company executive said Wednesday.
Meanwhile, the Directorate General of Civil Aviation has also ordered an engineering audit of the airline after the carrier is said to have found it difficult to provide equipment to operate some flights.
Competition promotes innovation in the business model, creating sustainable value.
As the competition between new airlines to attract passengers becomes increasingly cut-throat, damage caused to a plane by a toppled step-ladder has become the bone of contention between the two carriers.
For the Rs 599 offer, taxes and other fees and charges, barring fuel surcharge, would be additional, but the Rs 1,999 offer is all-inclusive
The company's shareholders recently okayed a move to raise Maran's stake from 38 per cent to 43 per cent.
Debt laden SpiceJet has to pay Rs 1,230 crore toward dues.
IndiGo's Sharjah-Hyderabad flight was diverted to Karachi as a precaution on Sunday after pilots observed defect in one of the engines, officials of aviation regulator DGCA said.
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SpiceJet's ex promoter Ajay Singh is trying hard to pump in huge money into the airline.
Civil Aviation minister says that certain regulations restricting the growth in the aviation sector needs to be re-looked to attract investments.
A SpiceJet aircraft with 179 people on board was today grounded after a foreign traveler claimed that there was a bomb inside the plane, forcing authorities to evacuate all the Delhi-bound passengers. However, after a thorough search of the plane, authorities at the Tribhuvan International Airport in Kathmandu said that it was a hoax.
Only two no-frill carriers, IndiGo and SpiceJet, have applied for permission for more flights from the DGCA this season than they did last year, official sources said, adding that other airlines have scaled down the number of flights they wish to operate this year.
The American investment bank also upgraded the stocks of both these companies to 'buy' from 'underperform', saying improving industry trends such as signs of ticket price hikes and reduced capacity will improve profitability.
According to a separate stock exchange filing by the company, Kalanithi Maran and Kal Airways have increased their holding in SpiceJet to 52.14 per cent.
The airline reported a loss of over Rs 1,000 crore last fiscal which is five times higher than its 2013 loss.
Other airlines are expected to follow suit.
As SpiceJet faces heat from the aviation regulator DGCA for multiple flight incidents in the last few weeks, malfunction cases involving planes of IndiGo and Vistara came to light on Wednesday.
Fuel costs, interest and lease rentals increased but an increase in other income (Rs 11 crore) and non-operating income (Rs 28 crore) helped the airline to boost revenue and contain losses.
Sanjiv Kapoor questions the rival's change in strategy and claims of full load.
With a contrarian approach to the Indian market, Mills has reconfigured SpiceJet and eked out its first profit in five quarters. His plan is not without risks.
Spice Jet to start a series of daily flights from Coimbatore to Delhi, Mumbai and Hyderabad, will lauch services to Port Blair, Pune in October.
We are only 9-10 months into the turnaround exercise: Maran
SpiceJet did not provide the details of its ancillary revenue.
The bookings under the 'Super Summer Sale' offer will remain open till Wednesday mid-night.
IndiGo's size should be compared with global carriers, and not other domestic airlines, chief executive officer Pieter Elbers said on Tuesday, adding that such benchmarking will help India transform its airports into aviation hubs. Elbers flagged the tendency to scrutinise domestic competition, assess fares on domestic routes, and determine if they are high. "But if we want to build some hubs, we should have a broader look," he said during a panel discussion at a convention organised by All India Management Association (AIMA).
Calculations based on the latest marketshare figures released by the ministry of civil aviation show that while a merger with GoAir or its acquisition would give SpiceJet a marketshare of 15 per cent, a merger with IndiGo would give it a hold over more than a quarter of the market. SpiceJet's current market share stands at 12 per cent.
No-frill carrier SpiceJet has begun an enquiry into an incident in which a differently-abled woman was off-loaded from its Kolkata-Mumbai flight on Sunday after the crew claimed it was not safe to have her on board. The airline, expressing regret at the incident, said, "We are investigating the matter internally and action will be taken". Jeeja Ghosh, a 42-year-old teacher at Kolkata's Indian Institute of Cerebral Palsy, was offloaded after she had boarded the flight.
Low-cost carrier SpiceJet on Tuesday said it is likely to break even in April-June.
Web designer Anvit Solomon Hembrom was arrested in New Delhi by sleuths from the cyber crime cell of Kolkata Police on charge of cheating, Deputy Commissioner of Police (Detective Department) Gyanwant Singh said in Kolkata on Friday.
Jet Airways, IndiGo have gained market shares as SpiceJet cancels flights.
High fuel prices are not only taking a toll on airline companies' balance sheets, but also forcing them to innovate to cut costs.
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