Jun 08, 2015 11:43 AM IST
In an interview to CNBC-TV18, Ajay Singh, managing director, SpiceJet, says there will be a significant increase in the fleet in the winter quarter, starting October.
- May 29, 2015 02:22 PM IST
Profit was boosted by exceptional gain of Rs 61.35 crore due to insurance claims received for one of its damaged Bombardier Q400 aircraft. However, the airline company‘s total income plunged 50 percent.
- May 28, 2015 06:10 PM IST
The low-budget airline company‘s total income plunged 50 percent. The airline ended the quarter with a load factor of 81 percent.
- May 21, 2015 02:02 PM IST
In March, Indian courts had ordered India's aviation regulator to deregister 11 of SpiceJet's Boeing planes following disputes with three lessors.
- Apr 23, 2015 05:54 PM IST
Subramanium Swamy raises questions like how did Ajay Singh fund the acquisition and why did Sebi exempt the new promoter from making an open offer despite acquiring 58 percent in the airline.
- Mar 29, 2015 11:17 AM IST
As it embarks on a revival path, budget carrier SpiceJet plans to lease seven more Boeing 737 aircraft by May while another Rs 500 crore is expected to be infused by its new owner Ajay Singh next month.
- Mar 27, 2015 03:12 PM IST
SpiceJet, which came close to collapsing in December after running out of cash to pay its creditors, is scheduled to make 280 daily flights from next week.
- Mar 20, 2015 12:50 PM IST
The Delhi High Court had on Thursday ordered the country's aviation regulator to de-register six SpiceJet aircraft belonging to two lessors.
- Mar 11, 2015 07:48 PM IST
The injection of the funds is part of the new owner's Rs 1,500-crore investment plan to revive the airline. Earlier this month, SpiceJet had paid USD 10 million to three lessors towards rentals for six of its Boeing 737-800 aircraft. The dues cleared were for the period till October.
- Mar 11, 2015 07:46 PM IST
The Home Ministry ordered a background check of Singh as part of the standard protocol of verifying antecedents of a potential investor, sources of funds and whether the promoter has any links with any unlawful activities or criminal gangs.
- Feb 28, 2015 07:17 PM IST
"The vision for the double digit growth is very encouraging. The budget appears to lay a roadmap for lower taxes, simplification of process and ease of doing business and investment in infrastructure sector, according to SpiceJet.
- Feb 25, 2015 06:11 PM IST
Singh is learnt to have raised a soft loan for this fund infusion in the airline. Sources also say that investors will pick up a stake in the airline once the restructuring process is completed.
- Feb 24, 2015 07:40 PM IST
The latest offer -- of all-inclusive fares as low as Rs 1,699 for flights across its domestic network and Rs 3,799 for international routes with a three-day booking window -- comes a day after SpiceJet's ownership went back to its original promoter, Ajay Singh.
- Feb 24, 2015 10:14 AM IST
The budget airline has once again started a new discount scheme of airfares. Celebrating Holi,â€˜Colour the skies‘ offers airfares starting Rs 1699 all-in for domestic Rs 3799 all-in for international flights. A total of 100000 seats are on offer for this sale. Booking period is February 24 to 26 while travelling dates are March 1 to April 20.
- Feb 20, 2015 05:59 PM IST
The Competition Commission of India (CCI) Thursday cleared the return of Ajay Singh to cash-strapped airline SpiceJet.
- Feb 20, 2015 09:42 AM IST
In an exclusive interview to CNBC-TV18, Singh said he is hoping to invest into SpiceJet by February 24. He is likely to pump in Rs 400 crore in the airline as part of the first tranche of committed investment. Under the revival plan, Singh will acquire majority stake and control in the airline.
- Feb 19, 2015 08:45 PM IST
With the CCI nod, the low-cost carrier's original promoter is closer to taking the management control and ownership of SpiceJet. The CCI is learnt to have approved the deal that would see Singh acquiring more than 58 percent stake in SpiceJet.
- Feb 18, 2015 10:14 PM IST
The plans to recapitalise and revive SpiceJet may have been finalized as far as prospective new promoters are concerned but crucial approvals are yet to come in. Sindhu Bhattacharya and Areeb Sherwani report that white knight Ajay Singh hopes antitrust regulator Competition Commission of India will wave the green flag before the week is out.
- Feb 13, 2015 05:46 PM IST
The carrier is implementing a number of measures such as fleet rationalisation, optimising aircraft utilisation, re-negotiation of contracts and other cost control measures.
- Feb 12, 2015 09:32 PM IST
The net loss has widened from Rs 173 crore during the September-December 2013 quarter, said the airline whose co-founder Ajay Singh has returned as its promoter after buying stake from the Maran family.
- Feb 04, 2015 10:06 PM IST
Not only has he requested aviation regulator DGCA to not allow aircraft lessors to take back leased planes, Singh also wants to pay only a fourth of the service tax dues and even wants a Rs 100-crore credit from oil companies.
- Feb 03, 2015 10:43 PM IST
With ex-promoter Ajay Singh once again in Spicejet's cockpit, the crisis-hit airline is taking a new direction. Spicejet's management has gone back to the boardroom to undertake a strategic review of its entire operations.
- Jan 30, 2015 03:18 PM IST
While the Marans have decided to exit the Airlines, there are no details on the contours of the transfer of ownership/control.
- Jan 30, 2015 09:04 AM IST
The low-cost airline plans to allot 37 lakh non-convertible preference shares to Marans and Kal Airways. These shares will be issued at Rs 1000 per share.
- Jan 27, 2015 04:30 PM IST
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