Search Result for : Spicejet

The Dollar Business Bureau Air passenger traffic of domestic carriers increased around 16% to 86.55 lakh in the month of February compared to the same period in the previous year, according to the data by Directorate General of Civil Aviation (DGCA). India’s domestic carriers together flew overall 86.55 lakh passengers in the month of February 2017 against the 74.76 lakh passengers in the same month of the previous year, witnessing a growth of 15.77%, the data said. Significantly, in the month of January, the air passenger traffic had increased 25.13% to 95.79 lakh. As per the data, low cost carrier IndiGo carried the maximum number of fliers in the given month at 34.19 lakh, whereas its rival SpiceJet ...

The Dollar Business Bureau Boeing, a leading player in the global aerospace industry, launched the Boeing India Engineering & Technology Centre in Bengaluru on 24-01-2017. The company mentioned that the new undertaking shall boost local employment and support many of its operations such as information technology and data analytics, engineering, research and technology. The precise employment projections and investment figures haven't been disclosed. "The centre will leverage a talented pool of employees to increase productivity and long-term competitiveness to support Boeings engineering growth in strong global markets like India," Boeing India president Pratyush Kumar said. In India we see a true path towards a mutual partnership for success, and the launch of this centre is a major step in that direction, he added. In India, Boeing has had a presence ...

PTI In one of the biggest deals in the Indian aviation sector, SpiceJet will purchase up to 205 new aircrafts from Boeing with the order valued at Rs.1,50,000 crore. With the earlier order for 55 planes and additional 100 new 737-8 MAX aircrafts, the no-frills carrier now has firmed up order for a total of 155 planes, besides purchase rights for 50 B737-8 MAX and wide body aircraft. Announcing the deal in New Delhi on Friday, SpiceJet Chairman and Managing Director Ajay Singh said the total order of 205 aircraft is valued at Rs.1,50,000 crore ($22 billion). “This is one of the largest deals in Indian aviation and the largest for SpiceJet,” Singh said. Currently, the budget carrier has ...

The Dollar Business Bureau  Optimistic about the growth prospects, low-cost airline SpiceJet said on Friday that it expects to conclude negotiations and put orders for new aircrafts in the current fiscal year ending in March.  The budget carrier, which has been in profit for seven quarters in a row after battling financial instability, is expected to be looking for about 100 aircrafts.  “For quite some time, the discussions are going on. We are expecting to complete the negotiations and would place an order this fiscal,” said a SpiceJet spokesperson in a statement.  However, he did not disclose the details about the type or number of aircrafts that are expected to be ordered.  Presently, the airline has a fleet of 47 aircrafts, which consists of 18 Bombardier Q400s ...

The “anarchic” 5/20 rule, as the Union Civil Aviation Minister Ashok Gajapathi Raju puts it, has been finally abolished! Though the respite is partial, the new rule in place will definitely enable a few new airlines like Vistara and Air Asia to pursue their international dreams, and really soon! Well, they now call it the “industry-friendly” 0/20. The earlier 5/20 rule required a domestic carrier to be in operations for at least five years and have a fleet of 20 aircraft, if it wanted to fly international skies. While the new rule scraps the mandate to have five years of domestic operations, it does want an airline to keep aside 20 aircraft or 20% of their total fleet (whichever is higher) ...

The Dollar Business Bureau SpiceJet plans to introduce 100 narrow-body planes in the coming months as it seeks to maximise on growing demand in the Indian domestic aviation circuit. Ajay Singh, Chairman and Managing Director of SpiceJet has assured that his airline has begun the road to recover growth with a “clean slate.” He also stated that its old financial issues stand addressed and that the airline is likely to grow in the days to come. In the quarter ending March 2016, the airline saw a three-fold growth in its net profit, which stood at Rs.73.19 crore. Higher revenues and lower fuel cost have helped the Ajay Singh-owned airline remain profitable for straight five quarters. It took a one-time hit of Rs.173 crore for the purpose of stabilising and improving its fleet reliability during Q3, FY2016. The ...

Source: PTI Fliers might have to shell out more from next year with the government proposing 2% levy on all tickets to fund regional connectivity plans   Many highs and lows marked the 2015 trajectory of domestic aviation space with three airlines taking off, one coming back after a near-collapse, a no-frills carrier getting listed and India again securing top safety ranking even as the draft aviation policy remained in limbo. All said and done, fliers might have to shell out more from next year with the government proposing 2% levy on all tickets to fund regional connectivity plans even as the draft policy promises various tax sops for the sector. At the same time, Civil Aviation Ministry saw a change of ...

Source: PTI Gulf carrier Qatar Airways today said it is in talks with IndiGo, the largest Indian airline by market share and set to rest speculations that it is looking for a partnership with SpiceJet. Qatar Airways' official confirmation that it was in discussions with IndiGo comes ahead of the no­frills carrier gearing up for an initial share sale worth nearly Rs 2,500 crore. Several times in the past also, the Doha­-based airline has evinced interest in picking up stake in IndiGo. "Qatar Airways confirms that the only airline it is talking to is the Indian carrier IndiGo," it said. When contacted, IndiGo declined to comment on the matter. In the detailed statement, Qatar Airways completely denied reports that it was in talks for a ...