May 22, 2016 11:44 AM IST
The proposal, in the works for some time, has gained momentum as the no-frills airline has been witnessing a significant turnaround in fortunes compared to late 2014 when it was in the doldrums.
- Mar 15, 2016 05:09 PM IST
The Delhi High Court today issued an order asking the board of SpiceJet to issue warrants to its erstwhile promoter Malanithi Karan.
- Mar 11, 2016 08:44 PM IST
Maran and his airline, Kal, have alleged in their plea that despite giving around Rs 579 crore to SpiceJet, the carrier failed to issue them the warrants or allot them tranche 1 and 2 of convertible redeemable preference shares and the amount was not utilised for paying statutory dues.
- Feb 23, 2016 12:45 PM IST
The total payables of Spicejet, including bank debt and vendor liabilities, has reduced from roughly Rs 2200 crore at the time of change in ownership to Rs 700 crore now, says Chairman, Ajay Singh, adding the plan is to reduce this further to Rs 300-400 crore over one year.
- Feb 21, 2016 07:00 PM IST
Reacting strongly to the charge, low-cost carrier SpiceJet's chief Ajay Singh asked him to rather advice the two airlines associated with Tatas - Vistara and AirAsia India - to first serve India and then seek to fly international
- Feb 03, 2016 01:58 PM IST
In an interview with CNBC-TV18, Ajay Singh, Chairman of SpiceJet said that the company is in talks with Boeing and Airbus for the purchase of new aircrafts and expects to place order for the same in this fiscal.
- Jan 29, 2016 03:03 PM IST
Ajay Singh, who took over the reins of then crisis-hit SpiceJet early last year, said the turnaround process has taken off "very well". Riding on the back of four straight quarters of profit, SpiceJet is slowly moving from consolidation to expansion path and is preparing to trim costs in the long term.
- Jan 22, 2016 03:37 PM IST
The company's total income increased 11.4 percent at Rs 1460 crore versus Rs 1311.2 crore, Y-o-Y.
- Dec 30, 2015 08:26 AM IST
In December 2014, India's second largest airline SpiceJet ran into turbulent weather as it began nose-diving & its promoters realised the control levers were no longer responding, they sent an SOS to former promoter Ajay Singh, who jumped into the cockpit to steer the airline back to safety and success.
- Dec 29, 2015 07:27 PM IST
At present, SpiceJet has some 41 planes in its fleet, including 25 Boeing 737s, 14 Bombardier Q400s and two leased Airbus 320 family. The airline is believed to be looking to order close to 150 new aircraft.
- Dec 01, 2015 11:01 AM IST
FlyDubai has evinced interest for partnership with SpiceJet and both sides will discuss various options, including the possibility of the Gulf carrier making a strategic investment in the domestic airline, sources said.
- Nov 13, 2015 08:37 AM IST
The no-frills carrier, which saw the return of its original promoter Ajay Singh at the helm earlier this year, had a net loss of Rs 310.45 crore in 2014 September quarter.
- Oct 16, 2015 06:02 PM IST
At present, SpiceJet has a fleet of at least 35 aircraft that includes Boeing 737s and Bombardier Q400s.
- Oct 13, 2015 06:56 PM IST
Experts believe IndiGo‘s listing will only be sentimentally positive for the sector and any rerating in the existing listed stocks will happen only if there is an operational improvement.
- Oct 13, 2015 02:02 PM IST
Singh added that the airline company will be able to sustain high occupancy. However, lower crude price has aided the company which was struggling for existence in December last year.
- Oct 12, 2015 03:14 PM IST
Ajay Singh, promoter and chief operating officer, SpiceJet, says he hopes to sustain high load factors in the quarters to come.
- Oct 01, 2015 07:36 PM IST
AAI's per-day billing to SpiceJet towards landing, parking and other support services currently stands at Rs 1.30 crore, sources said today.
- Sep 24, 2015 10:13 PM IST
Ajay Singh, the original co-founder, took back the reins of SpiceJet earlier this year from Marans amid the no-frills carrier facing turbulent times.
- Aug 27, 2015 07:40 PM IST
The selection of firms and the number of aircraft that the airline would go for will be decided during the course of the negotiations, SpiceJet Chairman Ajay Singh said on Thursday. The airline currently has a total of 36 aircraft in its fleet comprising Boeing, Airbus and Bombardier planes.
- Jul 30, 2015 04:55 PM IST
"It brings a lot of respect for the person in the cockpit. It is an extremely remunerative position to be in. We consciously try to ensure that more and more women get into the cockpit," SpiceJet Chairman Ajay Singh on Thursday said.
- Jul 23, 2015 07:02 PM IST
The no-frills carrier, which was on the verge of closure in December last year, has seen a change in ownership with original promoter Ajay Singh back at the helm.
- Jul 22, 2015 06:07 PM IST
"The company, at that time, had also conveyed the non-executive position of the then promoter of the company. No outcome of such communication have been communicated to the company by the relevant authorities," the filing said.
- Jul 07, 2015 04:12 PM IST
Kapil Kaul of CAPA expects Jet Airways to turn profitable in the next 12-18 months.
- Jun 11, 2015 08:25 AM IST
The Gurgaon-based carrier , currently has a fleet of 35 aircraft with 20 of them Boeing 737s and rest Bombardier Q400s.
- Jun 08, 2015 01:13 PM IST
Singh, the original co-founder, has so far invested about Rs 800 crore into the no-frills airline since he took back the reins last December after a major crisis had hit the company. Under the revival plan, Singh was to invest Rs 1,500 crore in the carrier.