Page 46 - Spicejet

Street signs: The SBI Cards IPO math, ETF overhang for YES Bank, and more

Grey market premiums have dropped to 10% after last week's market fall.

Indian aviation companies rejig routes as coronavirus scare shrinks the sky

IndiGo, SpiceJet and Air India Express are planning to cut the number of flights to Saudi Arabia and Dammam

Coronavirus impact: Saudi move to halt pilgrimages to hit Indian carriers

Over 50 per cent of all traffic to Jeddah consists of of pilgrims headed to Mecca and Medina

SpiceJet stands by Boeing in tough time but expects reciprocity: Ajay Singh

Boeing is facing a "stressful time" and SpiceJet is there as a partner to stand by it in these tough times but "we expect reciprocity", the airline's chief Ajay Singh said on Tuesday. SpiceJet -- the lone domestic carrier that has now-grounded Boeing 737 MAX planes in its fleet -- has also placed a USD 22 billion order for aircraft with the US major. In 2019, Boeing 737 MAX planes were grounded worldwide in the wake of two fatal crashes involving the aircraft. SpiceJet grounded 13 such planes in March last year. Against this backdrop, Singh on Tuesday asserted that the airline has stood by Boeing. Participating in a panel discussion at the 'USIndia Forum: Partners for Growth' conference here, the SpiceJet Chairman & Managing Director said that at this time Boeing has a lot of problems and they are trying to get this plane flying. "At the same time, they are trying to compensate airlines... so it is a stressful time. "We are there as partners to stand by them through a tough time

Air India sale: Non-commitment to protect global routes a deal dampener?

Govt will retain Air India's international bilateral flying rights for only six months which may dis-incentivise potential buyers if the rights are re-allocated to other airlines after that

Lower costs, regional expansion could make SpiceJet margins fly high

Analysts said that the new routes could enhance utilisation for the Boeing 737-800 and Bombardier Q400 aircraft, which will be deployed for these routes

CCI sees no evidence of collusion by IndiGo, others in price fixing: Report

CCI in 2015 ordered a probe into allegations of anti-competitive practices after similar fares were being offered on certain routes by IndiGo, SpiceJet , GoAir, state-run Air India and Jet

SpiceJet to launch 20 new flights for daily services on domestic routes

The new flights, starting from March 29, include services to Patna from Amritsar, Varanasi and Guwaha

Coronavirus impact: Stay away from aviation stocks for now, say analysts

Analysts remain cautious on, both, SpiceJet and IndiGo due to weak fundamentals and advise investors to avoid the stock. The coronavirus outbreak, they say, adds to the concerns.

Domestic air passenger traffic up by 2.2% in January 2020, says DGCA

Airlines flew 12.7 million passengers last month com­pared to 12.5 million passengers on YoY basis.

Compensation from Boeing over 737 MAX grounding key to SpiceJet operations

Incentives crucial for its survival as 737 MAX grounding stalls expansion plans

MAX 737: SpiceJet considering Boeing compensation offer for grounded planes

The no-frills carrier has been impacted by the grounding of its 13 Boeing 737 MAX planes since March last year as it is incurring various costs related to the aircraft

SpiceJet Q3 profit rises to Rs 73.2 cr, operational revenue up by 47%

"This profit is after a non-cash forex charge on account of Ind AS 116 of Rs 75.9 crore without which the profit would have been Rs 149.1 crore," SpiceJet said in a release.

SpiceJet soars 10% on 21% YoY rise in net profit; B737 may return this year

On the operational front, Passenger Load Factor came in at 91.9 per cent in Q3, with the fleet size growing to 119 aircraft as on December 31, 2019.

SpiceJet hopes its Boeing 737 Max aircrafts can start flying from June

The aircrafts from Boeing, which were expected as improved and more fuel efficient, were grounded in March 2019, according to reports, after two of the aircrafts crashed within five months

Shilpa Bhatia rejoins SpiceJet as CCO after five-month stint at IndiGo

Bhatia was the Chief Sales and Revenue Officer at SpiceJet before she quit in August last year and joined Indigo

After challenging 2019, will 2020 be jet, set and go for Indian aviation

From good times, India's airlines flew into hard times last year, with cut-throat competition ensuring cheap tickets but also pushing some companies in the red. Here is what 2020 might hold for them

Travelling to Delhi for voting? SpiceJet is offering 'free tickets'

In this "SpiceDemocracy" initiative, the airline stated that if the departure to Delhi and return from the city is on February 8, it will refund the entire base fare on both tickets

SpiceJet dismisses data breach report of 1.2 million passengers

The airline also said that there was no security lapse in its systems.

Arnab heckling row: After IndiGo & Air India, SpiceJet suspends Kunal Kamra

SpiceJet on Wednesday suspended stand-up comedian Kunal Kamra from flying with it after he allegedly heckled journalist Arnab Goswami aboard an IndiGo Mumbai-Lucknow flight. SpiceJet is the third airline to take action against Kamra. While IndiGo suspended Kamra from flying with it for a period of six months on Tuesday itself, Air India banned him until further notice. Aviation Minister Hardeep Singh Puri had taken note of the incident on Tuesday and "advised" other airlines in India to impose similar restrictions on Kamra, stating "offensive behaviour designed to provoke & create disturbance inside an aircraft is absolutely unacceptable & endangers safety of air travellers". On Wednesday morning, SpiceJet said on Twitter, "SpiceJet has decided to suspend Mr. Kunal Kamra from flying with the airline till further notice." An AirAsia India official told PTI that the airline is waiting for the aviation regulator DGCA to issue a formal notice, and after then it will take action ...