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 […]

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 […]

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 […]

SpiceJet Introduces daily flights from Mumbai to Bangkok

India’s most aggressive low-cost carrier SpiceJet launched a daily direct flight connecting Mumbai with Thai capital Bangkok, becoming the first Indian budget carrier to provide services on the route. The airline also introduced six domestic flights connecting Mumbai with Chennai, Varanasi and Kolkata. The international flight will start from May 17 while domestic flights will […]

GMR’s Hyderabad airport unit raises $300 mn via overseas bonds to fund expansion

GMR Hyderabad International Airport, a subsidiary of GMR Ltd, said that it has raised $300 million by issuing bonds to international investors to fund the expansion of Rajiv Gandhi International Airport at Hyderabad. The company wants to increase the passenger capacity of the airport to 34 million passengers per annum from 25 million now. GHAIL […]

SBI says no plan to buy Etihad’s stake in Jet Airways

State Bank of India said it has no plans to buy the 24% stake owned by Abu Dhabi-based Etihad Airways in embattled Indian carrier Jet Airways. The report ” is factually incorrect and no such transaction has been contemplated,” SBI said in a statement today. The clarification comes in the wake of heavy criticism that […]

Boeing 737 MAX: Spicejet suspends 14 flights, offers refunds

India’s most aggressive low-cost carrier, Spicejet, said it has cancelled 14 flights today due to the grounding of multiple Boeing 737 MAX aircraft. The grounding is the result of a regulatory directive, which was prompted by an accident with an Ethiopian Airlines plane last week, the second Boeing 737 MAX to fall out of the […]

Spicejet announces Hyderabad-Colombo, Chennai-Patna flights

India’s most aggressive low-cost airline SpiceJet announced new flights connecting Hyderabad to Colombo, Chennai with Patna and Surat, as well as six new flights under the UDAN scheme. It has introduced direct flights on the Hyderabad-Colombo-Hyderabad route with effect from April 15. SpiceJet is the first Indian budget carrier to service the route and will […]