Page 28 - Spicejet

UDAN international plan under a cloud as AirAsia India fails to get permit

CBI case prompts the authorities to bar low-cost airline from proceeding on bids it won for regional air connectivity project

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

'DGCA is very much working': Delhi HC rejects plea to stop SpiceJet airline

Delhi High Court rejected a public interest litigation (PIL) seeking to stop the operation of SpiceJet airline for allegedly flying its aircraft in breach of professional and safety obligations

Frequent mid-air 'technical glitches' add to Spicejet's financial woes

Once an investor darling, SpiceJet is now the worst-performing airline stock in Asia, fighting a run of negative publicity triggered by a slew of seemingly innocuous but frequent technical glitches

9th incident in 24 days: SpiceJet flight delayed as nose wheel malfunctions

SpiceJet's Dubai-Madurai flight was delayed on Monday after the Boeing B737 Max aircraft's nose wheel malfunctioned, Directorate General of Civil Aviation officials said. Monday's incident is at least the ninth incident of technical malfunction in a SpiceJet aircraft in 24 days. On July 6, the DGCA issued a show-cause notice to SpiceJet following eight incidents of technical malfunction in its aircraft since June 19. The aviation regulator said the budget carrier had "failed" to establish safe, efficient and reliable air services. On Monday, the Boeing B737 Max aircraft with registration number VT-SZK operated the Mangaluru-Dubai flight, DGCA officials noted. After the aircraft landed, an engineer did a walk around inspection and found the nose wheel strut was compressed more than usual, they said. The engineer therefore decided to ground the aircraft, the officials noted. The airline sent another aircraft from Mumbai to Dubai to operate the return Dubai-Madurai flight, they ...

Top headlines: Retail inflation eases to 7.01% in June; May IIP grows 19.6%

Industrial production growth zoomed to 19.6% in May, as per the National Statistical Office (NSO) data.

SpiceJet's occupancy rate remains high in July amid malfunction incidents

SpiceJet's occupancy rate has remained high in July despite multiple technical malfunction incidents reported in its aircraft during the last 24 days. The airline's occupancy rate, also called passenger load factor (PLF), was above 80 per cent between July 1 and July 11, SpiceJet said in statement. I am grateful for the faith and trust that our passengers have shown," Ajay Singh, Chairman and Managing Director, said. The numbers speak for themselves and are a testimony to the fact that SpiceJet is and has been the most loved airline in India, he added. The PLFs of other airlines have been around 70-80 per cent between July 1 and July 11, aviation industry sources said. SpiceJet's statement said: "The airline's load factor for the last eleven days continues to be extremely impressive with a PLF of 83.1 per cent on July 1, 88.2 per cent on July 2, 90.1 per cent on July 3, 86.5 per cent on July 4, 86.2 per cent on July 5, 85.8 per cent on July 6, 84.1 per cent on July 7, 84.2 per cen

SpiceJet denies fraud complaint against Chairman Ajay Singh, calls it bogus

SpiceJet on Tuesday said the complaint of alleged fraud filed by an individual against airline's Chairman Ajay Singh was "completely bogus" and a defamation suit will be filed against the complainant

Stocks to watch: HCL Tech, BoB, Coal India, L&T, Paytm, SpiceJet, Wipro

Stocks to watch today: HCL Technologies will report June quarter results 2022 (Q1FY23) on Tuesday, July 12; Coal India ramped up capex plans to Rs 3,034 crore, up 64.8 per cent in June quarter 2022.

SpiceJet sees another technical glitch after flight lands in Dubai: Report

The plane, an eight-year-old Boeing Co. 737 next generation jet, had flown from India to Dubai on Monday and after landing was discovered to have a technical issue with its nose wheel

Stocks to watch: TCS, Tata Motors, Mahindra Holidays, D-Mart, Adani Group

Stocks to watch today: IT behemoth TCS net profit grew 5.2 per cent year-on-year (YoY) to Rs 9,478 crore in Q1FY23; Tata Motors hiked prices across passenger vehicle range by 0.55 per cent.

SpiceXpress to be hived off from SpiceJet by Aug first week: Ajay Singh

Banks and shareholders have given their approval to hive off cargo and logistics company SpiceXpress from SpiceJet airline, the carrier's CMD Ajay Singh said

Fourth quarter numbers being rechecked post-ransomware, says SpiceJet

The airline said its Q4 FY22 financial result was prepared before the ransomware attack

Rajeev Misra may raise $8-10 bn for his new fund, in talks with gulf royals

Sources say it is also possible that Son may invest some money in the fund through Softbank or other vehicles, although this could not be confirmed

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

TMSEp211: SpiceJet, Reliance Retail, estimated IT earnings, forex reserve

Can the SpiceJet incident be brushed aside as a blip? What is Reliance Retail's growth strategy? How will TCS Q1 results set the stage for IT earnings? What is a forex reserve? All answers here

Can incidents involving SpiceJet be brushed aside as blip?

Nine technical glitches in the last two months in SpiceJet are not only unusual, but alarming too. Find out if the incidents can be brushed aside as aberrations? Or does it call for a reality check?

Aviation in focus: SpiceJet stock has worst showing in Asia Pacific region

A settlement with Boeing on 737 Max on outstanding claims last November was a positive trigger for the stock

Out on a wing

DGCA needs more rigorous response to safety

Top headlines: Capex distribution rules, Edible oil prices fall, and more

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