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 […]

Reliance Infra gets LoA for Hirasar airport in Gujarat

Anil Ambani Group’s construction arm Reliance Infrastructure said it has got the letter of award for a Rs 648 crore contract to build a new greenfield Airport at Hirasar in Rajkot district of Gujarat. The airport is to be completed within 30 months. The new airport is being constructed at a location near National Highway […]

SpiceJet announces 10 new UDAN flights in central India

SpiceJet, the most aggressive of India’s low-cost carriers, launched 10 new flights under the government-supported UDAN scheme, including eight to Gwalior and four connecting Bhopal. Gwalior will be SpiceJet’s 52nd domestic destination. The move will make the airline the only one to offer daily direct flights on several sectors, such as Gwalior-Hyderabad, Gwalior-Jammu, Gwalior-Bengaluru and Gwalior-Kolkata. […]

BEL in deal with Israel’s ELOP to make advanced target-finding system

Public sector company Bharat Electronics Ltd said it will manufacture and export $33 million (Rs 230 cr) worth of optical and infrared imaging systems to Israel’s Elbit Systems Electro-Optics Elop Ltd (ELOP). The systems are being manufactured under license from, and using the technology supplied by, the Israeli company. “With this, BEL is in a […]

SpiceJet starts daily flights from Bhopal, Gorakhpur, Jaipur & Dharamshala

SpiceJet, the most aggressive low-cost airline in India, announced 12 new flights from March 31. The new daily flights connect towns such as Surat, Bhopal, Gorakhpur, Jaipur and Dharamshala to Mumbai and Delhi (see table below). It is also offering promotional fares starting at Rs 2,499 all in between Bhopal and Mumbai, Rs 3,299 on […]