Page 46 - Spicejet

Airlines seek 6 month lease rent deferral, rates reduction to cut costs

Aircraft lease rentals account for around 15 per cent of an airline's overall expense and since these are paid in dollars are also subject to currency fluctuation.

IndiGo, SpiceJet tank over 5% as govt prohibits them from booking tickets

Aviation minister Hardeep Singh Puri said in a tweet on Sunday that airline services shall remain suspended even after the lockdown is lifted on May 3.

Spicejet launches cargo-on-seat flights to carry essentials amid Covid-19

It is the first such service in India. The plane will complete five rounds today

Coronavirus fear: Govt raises issue of layoffs, salary cuts with companies

Low-cost airline SpiceJet had announced a 30 per cent pay cut for employees for March and announced "leave without pay' during March 25-31

AirAsia opens flight booking from April 15, says open to any change by DGCA

In case there is any change based on the direction provided by the regulator, he said, "we will abide to the policies and notify guests accordingly.

Coronavirus impact: SpiceJet to reduce salary of employees by 10-30%

The airline's Chairman and Managing Director, Ajay Singh, has also opted for a 30% cut in his March salary

SpiceJet announces 10-30% cut in March salary for all employees

As tough as it seems, most Indian carriers have already announced a pay cut for their employees, SpiceJet said

SpiceJet pilot who last flew on March 21 tests positive for coronavirus

As a precautionary measure, the spokesperson said, all crew and staff who had been in direct contact with him have been asked to self-quarantine by staying at home for the next 14 days.

CRISIL downgrades ratings for SpiceJet to 'B' as business takes hit

Puts ratings for three airports "under watch negative"

IndiGo, SpiceJet hit lower circuit after govt suspends domestic flights

The move is part of the nationwide lockdown that the government has imposed to stem the spread of coronavirus. India had banned international flights for a week on March 20.

Coronavirus: SpiceJet to suspend most international flights till April-end

The spokesperson said the airline's Kolkata-Dhaka flight would continue to operate as per schedule.

GMR Hyderabad Aviation SEZ to build cargo warehousing facility for SpiceJet

SpiceJet on Friday signed an agreement with GHASL for developing the facility

Covid-19 scare: Airline shares tumble up to 14%; IndiGo hits 52-week low

InterGlobe Aviation, the parent of the country's largest airline IndiGo, saw its shares slump 14.08 per cent to hit 52-week low of Rs 875

Drop in demand due to travel curbs may stall airline revenues in Q4

Sharp fall in crude oil prices, however, is a positive

Coronavirus outbreak: It's safe to travel, SpiceJet, GoAir tell customers

Flight occupancy and fresh bookings have dropped over ten per cent in last few days as individuals and corporates defer trips. International travel is already hit due to a series of visa restrictions

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