Jan 27, 2015 at 16:30 | Source: Firstpost.com
SpiceJet's new promoter Ajay Singh has invested the first tranche of Rs 100 crore over this weekend and now, the next important date in the airline's survival saga is February 15
Jan 21, 2015 at 17:49 | Source: CNBC-TV18
The Ministry of civil aviation has given an initial nod to SpiceJet's recapitalisation plan subject to it complying with FDI cap on the sector. Sources told CNBC-TV18 that the ministry has no objection to change in management control of the airline as long as no foreign airline money is involved.
Jan 19, 2015 at 20:32 | Source: CNBC-TV18
As per the revival plan firmed up by Ajay Singh, the airline would focus on strengthening finances and improving operational efficiency.
Jan 14, 2015 at 11:50 | Source: CNBC-TV18
Keelor says Indian airline companies finally have a chance to run their operations profitably even at a 50 percent passenger load.
Jan 09, 2015 at 19:09 | Source: PTI
Entering at a turbulent time facing the sector, the airline said it would not be "lavish or over-the-top" in the name of being a full service carrier. Tatas hold a majority 51 percent stake in Vistara -- a joint venture with Singapore Airlines, which holds the remaining 49 percent.
Jan 01, 2015 at 20:25 | Source: PTI
Sathiyavathi, a 1982-batch IAS officer of the UT cadre, has been appointed as the Director General of Civil Aviation for three years till 2017. She is likely to take charge on Monday.
Dec 19, 2014 at 08:29 | Source: PTI
The full-service airline, which is a 51:49 joint venture between Tata Sons and Singapore Airlines, opened its bookings at 22:30 hours tonight. With Delhi as its hub, Vistara will initially offer flights to Mumbai and Ahmedabad, the airline said in its statement late tonight.
Dec 17, 2014 at 10:20 | Source: CNBC-TV18
In an interview to CNBC-TV18, Narayanan says the company has never defaulted on payments in the past and has infact paid more than Rs 3000 crore last fiscal for the same.
Dec 16, 2014 at 21:56 | Source: PTI
"Indian banks may be requested to give some working capital loan based on the assurances of the promoter. Banks or financial institutions to lend up to Rs 600 crore backed by a personal guarantee of the Chairman, SpiceJet," the release said.
Dec 15, 2014 at 19:28 | Source: PTI
Vistara currently has two leased Airbus A-320s in its fleet and plans to induct three more by March next year. The new Delhi-based airline plans to connect Mumbai, Bangalore, Hyderabad, Goa, Chandigarh, Srinagar, Jammu and Patna in the first year of its operations.