Search Results for: Spicejet

First Tranche of Funding 'Imminent', Restructuring in Full Swing: SpiceJet COO

SpiceJet's COO said the airline's turnaround is progressing as per the new business plan, with the first tranche of funding to be made available soon.

Feb 13, 2015

SpiceJet Posts ₹275 Crore in Losses in Q3; Recapitalisation will Help Turn Around, says CFO

The airline posted poor Q3 results after facing severe turbulence which saw the management change hands, and new funds being infused into the beleaguered airline.

Feb 13, 2015

Limping SpiceJet's Sweet Deal: Fly for ₹599

The no-frills airline is offering a slew of discounted tickets to gain market share. Even though its cash flow may increase, its profitability may suffer.

Feb 11, 2015

SpiceJet Announces Special Offer for Valentine's Day; One-way Ticket Starts at ₹1,599

The scheme is available on all domestic routes and onward flights on SpiceJet network on first-come-first-serve basis.

Feb 4, 2015

Business Honchos of 100 Companies, Including Lufthansa, Fortis Hospital, AT&T and Qatar Airways Join BJP

BJP president Amit Shah appealed to them to assist party in creating more job opportunities in India.

Feb 2, 2015

SpiceJet Approves Transfer Of Maran's Entire Stake of 58.46% to Ajay Singh; Marans Out of Company's Board

Kalanithi Maran is to be allotted 37.5 lakh non-convertible cumulative redeemable preference shares

Jan 30, 2015

Tigerair Calls Off Passenger Swapping Agreement with SpiceJet

The Singapore-based low-cost air carrier cited unsatisfactory business outcome to terminate the one-year-old agreement.

Jan 29, 2015

Airlines Announce Discounted Fares to Tide over Lean Season; Lakhs Of Tickets go on Sale

In a bid to pull in more customers over the lean season, airlines have dropped airfare to gain more customers to improve load factor.

Jan 29, 2015

SpiceJet Supersale: Airline Offers 5 Lakh Seats with Fares Starting from ₹1,499

The budget airline indicated its return to the deep-discount air ticket frenzy, offering 5 lakh seats with fares starting from ₹1,499

Jan 28, 2015

AI to Sell Assets to Prune ₹40k crore Debt; SpiceJet Receives Initial Approval for Revival, Shares Jump

Air India losses have reached 40k crore, with the airline trying to sell real estate. SpiceJet has received initial approval to facilitate management control going to Ajay Singh, who's trying to resurrect the cash-strapped airline.

Jan 22, 2015

SpiceJet Lessors Seek Return of 15 Boeing Aircraft

Aircraft lessors fearing a Kingfisher Airline saga, have asked for 15 of the 20 Boeing planes being operated by SpiceJet to be returned back.

Jan 21, 2015

Marans Exit SpiceJet, Transfer Ownership to Ajay Singh

SpiceJet's Maran Brothers have agreed to transfer ownership and control of the beleaguered budget airlines to its original founder Ajay Singh and his partners

Jan 15, 2015

Ajay Singh's SpiceJet Rescue Plan Expected to be Finalised by January-end

The beleaguered airline could see a new management on board by the end of the month, if the necessary approvals are received.

Jan 10, 2015

Qatar Airways Group Chief Executive Officer Akbar Al Baker

Qatar Airways Eyes Indigo Stake; Seeks Larger Footprint in India

"It is extremely important for the Prime Minister to put the aviation growth in India as priority," Qatar Airways CEO Al Baker said.

Jan 8, 2015

SpiceJet Misses December 2014 Salary Payment Deadline

Sources from within the airline reaffirmed that no disruptions are expected for the month.