SpiceJet, one of India’s top airlines, said it will add 16 Boeing 737-800 NG aircraft to its fleet over the next ten days, even as rival Jet Airways has reportedly ground about 70 aircraft due to financial troubles. Ajay Singh, Chairman and Managing Director, SpiceJet indicated his company would add more. “This is the first […]
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 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 […]
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 […]
Jet Airways said talks between various stakeholders in the company, including banks and investors like Etihad Airways, are still on, and that it is too early to comment on the likely outcome. Meanwhile, SBI’s chairman said a rescue plan will be ‘out very soon’. He also denied any plans to take the country to the […]
Debt-ridden airline operator Jet Airways said it was grounding four more aircraft due to non-payment of lease amounts, and that it will also default on interest payments to its debenture holders due tomorrow. It is estimated a total of 40 plus aircrafts have been grounded by the airline so far. “..the payment off interest due […]
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 […]
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 […]
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, 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. […]
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, 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 […]
Jet Airways managed to sequentially bring down its pretax loss by a smidgen due to its recently started cost cutting measures during the second quarter, and announced further measures to reduce losses. Even as revenue rose sequentially by Rs 170 cr in Jul-Sep quarter, total non-tax expenses rose by only Rs 144 cr, which had […]
NBCC India, a state-owned construction company, said it has been given ‘in principle’ approval by Air India to redevelop the airline’s staff quarters in Delhi. The permission has been given to redevelop two plots of lands — a 30-acre plot in Vasant Vihar in South Delhi, and a 3.54-acre plot on Baba Khadak Singh Marg […]
Low-cost carrier SpiceJet said it will start new, daily flights from Hyderabad to Bangkok and Guwahati from Oct 10, becoming the first Indian airline to have a direct flight from Hyderabad to Bangkok, a popular holiday destination for Indians. Before this, people using Indian flights had to use a connecting flight from Delhi while traveling […]
SpiceJet, the most aggressive of India’s low-cost carriers, announced four new flights from Kanpur and Varanasi in Uttar Pradesh. While the new flights connect Varanasi to Bangalore and Kolkata, Kanpur is being connected with Mumbai. With this, said SpiceJet, it will be the first and only airline to offer daily direct flights on the routes […]
Low-cost carrier SpiceJet has become the first airline to start regular services to the hill state of Sikkim in North East India. In the absence of direct air connectivity to the State, tourists headed for Sikkim currently have to fly to Bagdogra and then take a road journey of over 100 km to reach Gangtok. […]
Jet Airways, which is in the middle of implementing cost cutting measures, said it will introduce 28 new flights in the coming month. Among the new routes are daily flights from Indore, connecting the ‘largest city in Madhya Pradesh’ to Jodhpur as well as to Vadodara. It will also commence flight operations between Chandigarh and […]
The board of directors of Jet Airways, the body that acts as the representative of all shareholders, will on Monday consider the cost cutting measures proposed by the management of the airline, the company said. “The Audit Committee and the Board of Directors at their meeting scheduled to be held on Monday, 27 August 2018, […]
SpiceJet said it would start six new daily direct flights on both domestic and international routes starting from 10th October 2018. These flights cover Hyderabad, Guwahati, Patna and Bangkok. There will be new daily flights from Hyderabad to Bangkok. The inaugural fare from Hyderabad to Bangkok will be Rs 9,999 and the return will be Rs 8,299. […]
