Net Sales are expected to increase by 35.1 percent Y-o-Y (up 1.2 percent Q-o-Q) to Rs. 1891.6 crore, according to Edelweiss.
Speaking at the India Economic Summit of the WEF, he said the sector if given benefits in terms of taxation and cost, there is no reason why India will not emerge as the fastest growing aviation market in the world in the next decade.
Announcing its plans to enhance regional operations, SpiceJet MD Ajay Singh said the MoU is to explore whether the amphibian planes can be used by the airline in a cost-effective manner
Aviation turbine fuel (ATF) accounts for a significant chunk of an airline's operational costs which also has an impact on air ticket prices.
Launched in India in 2015, Google Flights offers travellers the facility to explore destinations and find the best flights at affordable prices.
In a notification to the Bombay Stock Exchange, NDTV has denied reports claiming that promoters of the company had sold their stake.
Reportedly, Minister of State in Prime Minister's Office, Jitendra Singh, was also on board the flight
"This refers to judgement and final order dated July 29, 2016 passed by the learned single judge of the hon’ble High Court of Delhi... further modified by the order of the hon’ble Supreme Court of India dated July 31, 2017... inter- alia directing the company to deposit Rs 250 crore to the Registrar General of High Court of Delhi on or before September 14, 2017.
Edelweiss is bullish on SpiceJet has recommended buy rating on the stock with a target price of Rs 150 in its research report dated 06 September 2017.
The airline, however, emphasised that it has kept reasonable amount of luggage free for passengers. The Gurgaon-based airline also said that it would expand its services on new as well as existing domestic and international routes when the company would start getting delivery of new planes from Boeing and Bombardier.
According to Prakash Gaba of prakashgaba.com, 9685 is under threat and only a move above 9860 would negate the down move. The crucial support for Nifty is at 9685 and the resistance is at 9860-9911. Bank Nifty on the other hand has support at 23750 and resistance at 24250.
The court, on Wednesday, set aside the Rs 100 per kg fee cap fixed by the Director General of Civil Aviation (DGCA) for excess checked-in baggage of 15-20 kg. Sources said the airline plans to increase the excess baggage fee to Rs 300 per kg from the current level of Rs 100.
Last month, the Supreme Court dismissed the appeals of the budget carrier challenging the Delhi High Court verdict asking it to deposit Rs 579 crore in connection with the share transfer dispute.
Aviation stocks like Jet Airways, InterGlobe Aviation and SpiceJet will get astrological support, says Satish Gupta of astrostocktips.
Low-cost airlines enabled millions of middle-class Indians to fly. Decades earlier, another set of unlikely fliers felt butterflies in their stomachs as they lifted off the tarmac for the first time.
Moving on to the aviation space, SpiceJet's CEO Ajay Singh has said that the airline will enter the long haul flight segment only if the move is profitable. Talking to media on the side-lines of the launch of a new course for training and skilling engineers started by the government and Boeing, SpiceJet CEO also reiterated that the airline is not in the race for Air India.
In a major setback to SpiceJet and Ajay Singh, Supreme Court today directed the airline to deposit a sum of Rs 579 crore in the Delhi High Court as it does not find enough merit in the challenge.
July 15 was the deadline for the airline companies to resolve among themselves on shift to the terminal; DIAL wants these airlines to shift their operations to T2 to undertake expansion of T1
Out of the total, budget carrier IndiGo is expected to add 136 aircraft while full service airline Vistara is likely to induct at least 5 planes during the period, as per details given by civil aviation minister Ashok Gajapathi Raju in a written reply to the Rajya Sabha.
Airlines are reluctant to shift their operations to T2 due to higher cost of operations there
Indian aviation sector witnessed double-digits passenger growth for the last 35 months with domestic passenger growth clocking at 20.2 percent YoY in June 2017 while the domestic load factor was at 86 percent.
The airline will operate a 78-seater aircraft for the route on which operations will commence from August 16.
Net Sales are expected to increase by 10.5 percent Q-o-Q (up 18.1 percent Y-o-Y) to Rs 1796.6 crore, according to Edelweiss. Spice Jet to report net profit at 181.7 crore up 21.9% year-on-year.
An IndiGo spokesperson said the right front window of its bus was broken from the impact of the blast. Five passengers who received minor injuries were taken to the airport clinic.
The dip in the investments in new projects can be attributed to the lack of any meaningful progress in getting stalled projects off the ground. Currently, projects worth Rs 11.72 trillion are stalled in the country.