SpiceJet down 20%, Ajay Singh reassures investors

Ajay Singh, the entrepreneur who founded and currently heads budget airline SpiceJet, reassured investors and other stakeholders after his company’s stock fell 20% today as part of a broader market correction. Shares of SpiceJet were down Rs 12.05 at Rs 48.30 at close on the National Stock Exchange today. Shares of rival and market leader […]

SpiceJet starts 8 new flights to Ahmedabad, Jeddah, Bangalore & Chennai

SpiceJet, the fastest expanding airline in India, announced the launch of eight new international and domestic flights which will start from February 2020. Among the new routes is Ahmedabad-Jeddah, making the airline the first to do so. “Saudi Arabia’s commercial capital and a key transit point for thousands of Hajj pilgrims visiting Mecca and Medina,” […]

Airbus India awards outsourcing deal to L&T Technology Services

L&T Technology Services, which provides outsourced engineering services, said it has won a contract from aircraft maker Airbus India to manage their Avionics Software Development, V&V (Validation & Verification) and Data Analytics. The size and duration of the deal have not been disclosed. L&T Technology Services Limited (LTTS) is a listed subsidiary of construction major […]

SpiceJet announces sale on tickets to Bangkok, Mali, Dubai

SpiceJet, India’s most aggressive low-cost airline, has announced cheap tickets for international flights from Aug 30 to Mar 31. The all-inclusive one-way fares include Rs. 3999 for popular destinations such as Colombo from Chennai and Dhaka from Kolkata and Guwahati. Tickets from Kochi to Male are available for Rs 4299, Bangkok-Kolkata for Rs 4699, Dubai-Mumbai […]

SpiceJet’s Ajay Singh blasts Govt’s approach towards aviation

Ajay Singh, Chairman of Spicejet and the man who came up with the slogan ‘Abki Bar Modi Sarkar’, today blasted the government’s approach towards the aviation sector. Speaking at the 12th International Conference-cum-Awards on Civil Aviation & Cargo by FICCI, Singh was unsparing in his criticism of government’s taxation policy towards his industry. “There is […]

Vistara, Air Asia lead losses in FY19; Vistara loses Rs 1.33/km

Air India Express, the no frills airline that is part of the Air India family, was the only one to make money in the financial year gone by, while others lost between 3 paise to 2.88 rupees for every kilometer that their passengers traveled during the year. As expected, the biggest loser among the big […]

Boeing yet to offer a fix for 737 Max – Indian Govt

Ministry of Civil Aviation, India said US airplane manufacturer Boeing is yet to submit a solution to enable its 737 Max aircraft to take to the skies again, and that the grounded aircraft will remain so until a certified fix is provided. A total of 18 Boeing 737 Max aircraft, comprising 13 of SpiceJet and […]

Land acquisition for NOIDA Jewar Airport practically complete

The Uttar Pradesh government has awarded compensation of Rs 951.44 cr for the acquisition of 1,238 hectares required for the construction of the new NOIDA airport at Jewar on the outskirts of Delhi, Union Civil Aviation Ministry said. The land for which compensation has been declared comes to 99.8% of the private land that has […]

JET AIRWAYS FALL: Airfares are ‘normal’ now, says Govt

The civil aviation ministry said airfare levels in India have largely returned to normal, after a spike seen immediately after the shut down of operations of Jet Airways in April. The ministry also said that no airline was observed to have charged outside the declared fare brackets in the aftermath of the closure of operations […]

SpiceJet launches daily Mumbai-Hong Kong flight; total 124 new flights

SpiceJet said it will start a daily, non-stop flight between Mumbai and Hong Kong on July 31, the first by an Indian airline. It already operates a similar flight from Delhi. SpiceJet will deploy its 168-seater Boeing 737-800 aircraft on the sector. “The flight is timed perfectly for business and leisure travellers alike with a […]

SpiceJet sets record by topping occupancy rates for 50 months

SpiceJet, the fastest growing airline in India, said 93.9% of its available seats for the month of May were filled, marking a record 50 months in a row when the company has topped the occupancy chart in India. “This is a feat unparalleled in global aviation industry and a huge milestone for SpiceJet,” said Shilpa […]

NSE seeks clarification from Jet Airways on Brit entrepreneur’s interest

The National Stock Exchange on Wednesday sought a clarification from Jet Airways regarding reports that a British entrepreneur has expressed interest in acquiring it. The NSE has asked Jet Airways whether such negotiations were taking place and whether it was aware of any information that has not been informed to both NSE and BSE. This […]

SpiceJet announces 28 new flights connecting Mumbai and Delhi

India’s most aggressive low-cost carrier, SpiceJet, announced 28 new flights connecting Mumbai and Delhi with other cities on its domestic network, five days after it added 24 new flights connecting Mumbai and Delhi with other cities. SpiceJet also announced slew of new non-stop international flights from Mumbai to a host of international destinations including Hong […]