Page 4 - Aviation Spicejet

IndiGo, SpiceJet to wet lease aircraft in the winter to enhance capacity

Wet leasing is an arrangement where the lessor provides an aircraft along with crew and maintenance, and has operational control

'Abundant caution': Regulator extends cap on SpiceJet flights till Oct 29

Airline will have to demonstrate that it has the resources to fly more planes and it will continue under DGCA's 'enhanced surveillance'

SpiceJet sends 80 pilots on leave without pay for three mths to prune costs

Loss making airline is currently operating less than half its flights, following a July 27 DGCA order brought on by a spate of incidents

SpiceJet in dire need of recapitalisation to revive operation: Report

The carrier has been strong in its pursuit of weathering the storm but it has faced a series of headwinds for more than three years. The company reported huge loss in April-June quarter

How can SpiceJet fly out of its existential crisis?

Electric vehicles are set to take India by storm. Foreign as well as domestic companies have lined up a host of variants. The stage is set for the electric vehicle revolution in India. Here's more

SpiceJet delays salaries 2nd month in a row, payments in 'graded format'

SpiceJet employees on Wednesday alleged delay in the disbursal of salaries for the second straight month, with the budget airline saying the payments were being made in a "graded format". There was a delay in disbursal of salary for staff, including flight crew, for the month of July and many are yet to get the Form 16 for the financial year 2021-22 as well, SpiceJet employees claimed. "The salary disbursal was timely for June. Also, the salaries are yet to match the pre-COVID-19 levels. The salaries being disbursed to captains and first officers are not even 50 per cent of what they used to be before the pandemic outbreak in March 2020," an employee told PTI. However, SpiceJet claimed it has started salary disbursal in a "graded format". "We have started crediting salaries from today. Like the previous month, salary will be credited in a graded format," the airline said in a statement to PTI. In an internal communication Wednesday, the SpiceJet's Human Resources team informed ...

DGCA deregisters two more aircraft of SpiceJet due to non-payment of dues

Aviation regulator DGCA on Wednesday deregistered two more Boeing 737 planes of SpiceJet following non-payment of dues to lessors. With the latest deregistration, a total of six Boeing 737 aircraft of the budget carrier have been deregistered in August. Boeing ?737-800 aircraft VT-SPU and Boeing 737-900ER aircraft VT-SGQ have been deregistered under IDERA on August 31, according to a senior official at the Directorate General of Civil Aviation (DGCA). Under the Cape Town Convention, lessors and lenders can seek deregistration of a leased aircraft in case there is a default. Such requests are done under Irrevocable De-registration and Export Request Authorisation (IDERA). In recent months, SpiceJet has been facing turbulent times, including financial headwinds. In July, the regulator directed the airline to operate only 50 per cent of flights in the wake of many of its planes facing technical issues. On Wednesday, the carrier reported a net loss of Rs 789 crore for the three months

SpiceJet shares rise 2% as it enters into settlement with aircraft lessor

Shares of SpiceJet on Tuesday climbed nearly 2 per cent after the company entered into a settlement with aircraft lessor Goshawk Aviation and its affiliated entities.

SpiceJet enters into settlement with aircraft lessor Goshawk Aviation

Goshawk Aviation Limited is one of the main lessors of Max aircraft of SpiceJet, the airline's statement noted

478 glitches faced by Indian airlines in a year; Air India alone faced 184

Indigo followed Air India with 98 glitches. Spicejet faced 77 such glitches and stood third on the list

DGCA deregisters three SpiceJet aircraft after lessor puts in request

The DGCA deregistered three SpiceJet aircraft on Thursday, five days after their lessor Dubai Aerospace Enterprise (DAE) asked the aviation regulator for it, sources said. Moreover, the Directorate General of Civil Aviation (DGCA) is expected to deregister another SpiceJet aircraft on Friday, acceding to the request put forward by Irish lessor company Alterna aircraft on August 1, they added. DAE and Alterna had put in the Irrevocable Deregistration and Export Request Authorisation (IDERA) requests to deregister the aforementioned four planes. The IDERA request is usually filed by a lessor when its negotiation with the airline regarding payment of dues fails. While SpiceJet did not issue any fresh statement on Thursday, it had issued a communiqu on the DAE's action earlier this week. "SpiceJet plans to replace all its older Boeing aircraft with the new Max model in a phased manner. Between now and next calendar year, SpiceJet will induct around 20 new Max planes into its fleet. As

Delhi HC rejects plea to stop SpiceJet flights after seven mishaps

Referring to three incidents in May, two in June, and another two in July, the petition said the lives were at risk due to the SpiceJet's poor management

Passengers start avoiding SpiceJet after mid-air safety failures: Survey

Passengers are starting to avoid SpiceJet Ltd. after a series of mid-air safety failures, according to a survey, dealing a blow to the cash-strapped airline

SpiceJet gets notice over flight safety, says will be 'doubly careful'

SpiceJet has denied any violations on its part and said it is committed to safe operations

DGCA show cause notice to SpiceJet following spate of aircraft incidents

Three incidents on Tuesday alone; airline is operating on cash-and-carry basis and vendors aren't being paid regularly, leading to shortage of spares and frequent invocation of minimum equipment list

7th crisis in 2 months for SpiceJet: Two planes in mid-air scare on Tuesday

Delhi-Dubai flight diverted to Karachi over faulty indicator light; another plane from Kandla makes priority landing in Mumbai as windshield cracks

Probe initiated on SpiceJet Patna-Delhi flight fire, other incidents: DGCA

A probe has been initiated into the fire in a Delhi-bound SpiceJet aircraft after take-off from Patna and two other air incidents, involving the IndiGo and SpiceJet flights, a DGCA official said

SpiceJet extends ESOP scheme to employees to recognise efforts amid Covid

SpiceJet extended its ESOP scheme to mid to senior level employees and critical resource staff in recognition of their contribution to the Company in the last three years of the Covid-19 crisis

DGCA fines SpiceJet Rs 10 lakh for training pilots on faulty simulator

This is the third time that the regulator has imposed a financial penalty on operators for violation of rules after being empowered to do so

SpiceJet postpones March quarter results after ransomware attack

Company postpones quarterly results scheduled on May 30