Page 26 - Spicejet

Lockdown 4.0: Will airfare caps benefit airlines and protect consumers?

Those who defend the caps say controlling fares is important because weaker airlines with hardly any cash reserves might be forced to close down

Covid-19 fallout: Airbus, Boeing results show turbulent times for aviation

Given the nationwide lockdown and weak travel sentiment, global aviation consultancy CAPA revised downwards estimates for India's air traffic for the for FY21 from 80 to 90 million to 55-70 million

IndiGo, SpiceJet surge up to 5% on report of resumption of domestic flights

The move to allow flights comes after the government permitted resumption of passenger train services from May 12. Both rail and flight services have been suspended in India since March 25

Domestic aviation sector will need extra Rs 35,000 cr between FY21-23: ICRA

In the forecast, Icra has included an aggregate of all the five private sector players -- IndiGo, SpiceJet, GoAir, Vistara and AirAsia India -- to make the balance sheet

Centre reverses stance, allows domestic flights to resume on May 25

Aviation minister's tweet caught airlines and airports off guard as they were preparing for a resumption from June 1

Covid-19 lockdown: Airlines go for cuts again as grounding may extend

With indications of a longer period of air transport grounding, many airlines are looking at further cuts in employee salary.

Covid-19 crisis: Govt considers regulating air-ticket prices after lockdown

The govt's move has divided the industry with executives of airlines and experts suggesting that government's intervention in pricing will be counterproductive

IndiGo, SpiceJet dip up to 9.5% on no liquidity support, lockdown extension

Commercial passenger flights and airport operations are suspended since the nationwide lockdown was imposed on March 24, causing crores in losses

Despite rebound, airline stocks to underperform; investors advised caution

Even as costs are lower, demand weakness likely to keep airlines in the red for most of FY21

Covid-19 impact: SpiceJet says pilots will not be paid for April and May

Only those flying cargo aircraft will be paid according to the hours they fly

SpiceJet plane with Covid-19 medical supplies from Shanghai reaches Kolkata

In a release dated April 15, SpiceJet had said that it was operating its first-ever B737 cargo freighter flight to China to carry Covid-19 related essential medical supplies from Shanghai to Hyderabad

SpiceJet lessors in talks to reclaim planes over missed payments: Report

One of the leasing companies started to pull out a few planes earlier this year after SpiceJet failed to pay maintenance fees due since late last year

Covid-19: India told airlines to stop selling tickets, but they wouldn't

Four of the country's top six airlines, which together control 80 per cent of the local market, are selling domestic flight tickets for as soon as the third week of May

Airlines seek 6 month lease rent deferral, rates reduction to cut costs

Aircraft lease rentals account for around 15 per cent of an airline's overall expense and since these are paid in dollars are also subject to currency fluctuation.

IndiGo, SpiceJet tank over 5% as govt prohibits them from booking tickets

Aviation minister Hardeep Singh Puri said in a tweet on Sunday that airline services shall remain suspended even after the lockdown is lifted on May 3.

Spicejet launches cargo-on-seat flights to carry essentials amid Covid-19

It is the first such service in India. The plane will complete five rounds today

Coronavirus fear: Govt raises issue of layoffs, salary cuts with companies

Low-cost airline SpiceJet had announced a 30 per cent pay cut for employees for March and announced "leave without pay' during March 25-31

AirAsia opens flight booking from April 15, says open to any change by DGCA

In case there is any change based on the direction provided by the regulator, he said, "we will abide to the policies and notify guests accordingly.

Coronavirus impact: SpiceJet to reduce salary of employees by 10-30%

The airline's Chairman and Managing Director, Ajay Singh, has also opted for a 30% cut in his March salary

SpiceJet announces 10-30% cut in March salary for all employees

As tough as it seems, most Indian carriers have already announced a pay cut for their employees, SpiceJet said