February 26th, 2022 9:25 PM 0 COMMENTS

SpiceJet Launches Six Flights to Bangkok, IndiGo Announces Services From Kadapa to Five South Indian Cities

India’s budget carrier SpiceJet has announced new international flights to Bangkok. According to a statement released by the airline, the operations will commence from March 10 in a phased manner. The newly launched SpiceJet Bangkok flights will enhance the air connectivity between India and Thailand. SpiceJet will operate daily direct flights connecting Delhi, Kolkata and Mumbai with Bangkok. “We are delighted to launch new flights connecting Delhi, Mumbai and Kolkata... Read More

February 18th, 2022 7:18 PM 0 COMMENTS

Delhi-Khajuraho Gets First Direct Flight from SpiceJet

The first direct flight between Delhi and the heritage city of Khajuraho was flagged-off today. With this, 405 routes would be operationalised under the UDAN-RCS scheme. SpiceJet was awarded the Delhi-Khajuraho-Delhi route under the RCS-UDAN 3.0. The inaugural event was graced by Union Minister of Civil Aviation, Shri Jyotiraditya M. Scindia, Ms. Usha Padhee, Joint Secretary, MoCA, Shri Ajay Singh, Chairman & Managing Director, SpiceJet, Shri Vishnu Datt Sharma, Member... Read More

February 16th, 2022 5:40 PM 0 COMMENTS

SpiceJet Turns Profitable in Q3 FY 2022 After a String of Losses

Budget airline SpiceJet has announced a standalone net profit of Rs 23.28 crore in the quarter ended in December 2021, compared to the Rs 56.96 crore loss reported in the same quarter last year. The total revenue for the Q3 FY 2022 stood at Rs 2,259.30 crore, a 33.95% rise compared to Rs 1,686.62 crore in the same quarter the previous year. SpiceJet is battling numerous legal complications, including an... Read More

February 14th, 2022 3:35 PM 0 COMMENTS

SpiceJet Settlement Offer of Rs 600 Crore Rejected by Kalanithi Maran

Kalanithi Maran, a business tycoon and the former promoter of low-budget air carrier, SpiceJet, has rejected the Rs 600 crore settlement offer made by the company. It was a one-time settlement offer from SpiceJet. A Livemint report suggests that Maran’s counsel was unsatisfied with the offer as the dues on their were nearly Rs 900 crore which is way more than what is being offered for settlement. "Out of the... Read More

February 11th, 2022 5:30 PM 0 COMMENTS

SpiceJet Offers Rs 600 Crore for Settlement of the Dispute With Its Former Owner Kalanithi Maran

India’s low-cost airline SpiceJet has offered to pay Rs 600 crore to settle the dispute with its former owner Kalanithi Maran and KAL Airways. Supreme Court, at which is the case is currently in progress, advised Maran to consider SpiceJet’s proposal and listed the case for the hearing on February 14, 2022. “SpiceJet has offered to pay Rs 600 crore in cash in the share transfer case with its former... Read More

January 28th, 2022 9:51 PM 0 COMMENTS

Supreme Court Stays the Order to Wind-Up SpiceJet Operations for Three Weeks

In an interim relief to the budget-career SpiceJet, the Supreme Court has granted three weeks to resolve its financial dispute with Swiss firm Credit Suisse AG. The Court also stayed the verdict of Madras High Court granting permission to wind up its operations and liquidating the airline’s assets. “If you do not want to run the airline, we will declare you insolvent. This is not the way to run an... Read More

January 27th, 2022 6:54 PM 0 COMMENTS

Stocks of SpiceJet and IndiGo Hit New Low Amid Crude Oil Price Rise

Amid the rising crude oil prices, the shares of aviation companies hit a new low. IndiGo’s shares went down 7% to Rs 1,838.75. SpiceJet shares had hit a 52-week low at Rs 57.70, down 5%. The oil price reached $90 a barrel for the first time in seven years, the reason of which is attributed to tight supply and rising political tensions between Russia and Ukraine. Aviation companies are hit... Read More

January 22nd, 2022 6:27 PM 0 COMMENTS

Hong Kong Gives a Go-Ahead to the Operations of Boeing 737 MAX Aircrafts

After a long wait of three years, Hong Kong is finally allowing airline carriers across the world to resume their operations using Boeing B737 MAX aircraft in the city’s airspace. The permission comes in as the Civil Aviation Department (CAD) in Hong Kong issued a directive which has now allowed for resuming of the operations for narrow-body aircraft in Hong Kong. The 737 MAX aircraft were banned in countries across... Read More

January 8th, 2022 3:43 PM 0 COMMENTS

Airlines May Witness a Huge Setback in December Quarter: Report

The aviation analysts assume that the Indian airlines will report losses in the December quarter. Factors such as high crude oil cost and decreasing air passenger traffic due to Omicron can contribute heavily to their losses. A report recently published by a brokerage firm ICICI Securities reveals that India’s domestic market leader IndiGo is likely to report losses of Rs 200 crores in the December quarter. IndiGo occupied 54% of... Read More

January 7th, 2022 1:28 PM 0 COMMENTS

Madras High Court Stays the Order of Insolvency Against SpiceJet Until January 11

On Thursday, the Madras High Court prolonged an interim stay on the implementation of a single judge’s judgement ordering the insolvency of SpiceJet for non-payment of $24 million to a Switzerland-based stock corporation Credit Suisse AG until January 11. Justices Paresh Upadhyay and Sathi Kumar Sukumara Kurup convened a division bench to adjourn the case until January 10. According to the statement, the interim stay will be in effect until... Read More

January 3rd, 2022 11:07 PM 0 COMMENTS

SpiceJet Rajkot-Delhi Flight Takes Off Without ATC Clearance, DGCA to Conduct the Probe

A SpiceJet commercial flight took off from Rajkot, Gujarat, without the Air Traffic Controller (ATC) required clearance. The Director-General of Civil Aviation (DGCA) has ordered an investigation into the matter. The pilots of the Rajkot-Delhi flight have been removed from the roster while the Directorate General of Civil Aviation conducts the investigation. The event occurred on December 30, 2021, according to an ANI report citing the Rajkot airport director. “The... Read More

December 28th, 2021 7:09 PM 0 COMMENTS

Planning a Holiday? Check Out AirAsia India’s ‘New Year, New Places’ Sale

The passengers who plan for New Year travel may check out AirAsia India’s new year offer. Dubbed as ‘New Year, New Places’ sale, the passengers can get air ticket tariff from as low as Rs 1,122 for routes like Chennai-Hyderabad, Chennai-Bengaluru and Bengaluru-Chennai, in addition to similar discounted sale fares across its network. The offer can be helpful, especially for people who wish to visit their home towns on these... Read More

December 27th, 2021 11:03 PM 0 COMMENTS

SpiceJet Announces Wow Winter Sale, Fare Starts at Rs 1,122

India’s budget carrier SpiceJet has announced special fares to celebrate the festive season. The airline’s ‘Wow Winter Sale’ offers an all-inclusive one-way fare starting at Rs 1,122 for travel from December 27 to 31. “This Winter, pack your bags and chill at your favourite destinations with SpiceJet’s Wow Winter Sale,” SpiceJet tweeted, announcing the offers. The all-inclusive fare is applicable on destinations such as Jammu–Srinagar, Chennai–Bengaluru, Chennai–Hyderabad, Bengaluru–Chennai, among others... Read More

December 27th, 2021 9:00 PM 0 COMMENTS

Airlines’ Outstanding Payments to AAI Doubled Between January 2020 to October 2021

According to an internal document of the Airports Authority of India (AAI), the dues for four major domestic airlines — AirAsia India, IndiGo, SpiceJet, and Go First — have doubled between January 2020 and October 2021. On the other hand, Air India remains the domestic airline with the highest debt to the AAI. According to the records, Air India owes the AAI Rs 2,362.36 crore as of October 31, 2021,... Read More

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