Page 3 - Spicejet

SpiceJet expects improvement in operations in December quarter: Ajay Singh

SpiceJet, which is looking to raise USD 200 million, expects to see improvement in operations and restructuring benefits in the current quarter of this financial year. The budget carrier's chief Ajay Singh has told shareholders that it has also completed a series of settlements with most of the major partners, including manufacturers and lessors. Hit by high fuel prices and rupee depreciation, SpiceJet saw its net loss widen to Rs 789 crore in the June quarter. The airline is also facing other headwinds, including some of its aircraft having technical snags in recent times, and quite a few of its Boeing 737 planes were deregistered due to non-payment of dues to lessors. In his message in the airline's annual report for 2021-22 fiscal, Singh, who is the Chairman and Managing Director, said the airline industry worldwide continues to undergo a transformation. "The sky-high fuel prices, depreciating rupee, erratic passenger demand and disrupted supply chains have deferred growth plans

IndiGo, SpiceJet international flights diverted due to technical glitches

Failure in one of IndiGo aircraft's hydraulic systems, caution light indication in SpiceJet plane's cockpit cause diversion

SpiceJet flight with makes emergency landing after hydraulic failure

A Kozhikode-bound Spicejet flight from Jeddah was diverted to Kochi, after which all the passengers landed safely at Kochi, informed the Directorate General of Civil Aviation (DGCA) on Friday

WannaCry to SamSam: 5 biggest ransomware attacks you need to know about

Ransomware attacks have been taking place for a long time, but their frequency has increased in the last few years

Domestic airlines flew 409,831 passengers on Sunday, highest since May 2020

Air traffic touches nearly 96 per cent of pre-Covid level

Year-end fares go through the roof as airlines fly on low capacity

More than 75 planes are grounded; Goa to see 11% fewer flights in December

Instant food brand Yu raises Rs 20 cr funding for business expansion

Company says it will 'aggressively expand' presence in US, Africa and West Asia

Stocks to Watch: Fusion MicroFinance, Srei, IRCTC, Apollo Tyres, LTI, Paytm

Stocks to Watch Today: Fusion MicroFinance set for its market debut today. Meanwhile, in the F&O segment, BHEL, GNFC, PNB and Sun TV Network are ban period on Tuesday.

SpiceJet posts highest ever quarterly loss amid high fuel prices

The airline has raised Rs 210 crore from the government's Emergency Credit Line Guarantee Scheme (ECLGS) this year

SpiceJet quarterly loss widens to Rs 838 crore on higher fuel prices

Losses widened to Rs 838 crore ($103.25 million) for the three months ended Sept 30

Sensex falls 171 pts, Nifty holds 18,300; Dr.Reddy's down 4%, LIC jumps 6%

CLOSING BELL: The key benchmark indices gyrated in a narrow trading band on Monday, before settling with losses as FMCG stocks slipped.

European connect: SpiceJet links Amritsar and Italy with one-stop flights

SpiceJet is connecting Amritsar with Rome Fiumicino with a Boeing 737 Max twice a week and will also fly the plane between Amritsar and Milan Bergamo thrice weekly

Stocks to watch: Maruti, SpiceJet, SBI Card, Indus Towers, Tata Chemicals

Stocks to watch today: Maruti Suzuki, Vedanta will report the July-September quarter (Q2FY23) results on Friday, October 28; SBI Card reported 52 per cent YoY jump in net profit Rs 526 crore in Q2FY23

SpiceJet gets DGCA nod for wet leasing 5 planes; 2 aircraft operating

SpiceJet has received aviation regulator DGCA's approval for wet leasing five Boeing 737 Max planes for up to six months and the airline has already deployed two of the aircraft on different routes, according to sources. The approval for taking the planes on wet lease was given by the Directorate General of Civil Aviation (DGCA) earlier this month. The sources said the remaining three aircraft will be inducted into SpiceJet fleet in the coming weeks. There was no immediate comment from SpiceJet. The airline already has Boeing 737 Max planes in its fleet. To cater to rising demand in the winter schedule which begins from October 30, SpiceJet and IndiGo have received approval for their proposals to take planes on wet lease. Under wet lease arrangement, planes are leased along with operating crew and engineers. Generally, wet leasing of planes is allowed for short periods to tackle supply constraints and ensure that airfares do not surge significantly. IndiGo has received DGCA nod

Pilots, officers apprehensive of SpiceJet's salary hike announcement

Days after SpiceJet announced a salary hike for its pilots, a section of captains and first officers of the airline has expressed apprehension about the implementation of the revised remuneration citing terms and conditions. In a communication to pilots on October 19, SpiceJet said effective November 1, 2022, its captains' salaries will increase to Rs 7 lakh for 80 hours of monthly flying and Rs 6.13 lakh for 70 hours from the current Rs 4.5 lakh-level which was made effective from October 1, 2022. Accordingly, salaries of trainers and senior first officers have also been increased commensurately, the Gurugram-headquartered airline said. The trainers comprise Designated Examiner (DE), Type Ratings Instructor (TRI) and Line Training Captain (LTC). However, a section of pilots alleged that the airline has announced a hike in their remunerations while they are yet to get salaries at par with pre-COVID levels, a claim denied by SpiceJet. On an average, a captain is currently getting .

SpiceJet to operate more than 50% flights from Oct 30 as DGCA lifts curbs

SpiceJet will be able to operate more than 50 per cent of its flights from October 30 as the three-month long restrictions imposed on the embattled airline will be lifted in the winter schedule. In the wake of multiple incidents involving the aircraft of SpiceJet, aviation watchdog DGCA had on July 27 capped the number of flights the no-frills carrier could operate at 50 per cent. Later, the restrictions were extended till October 29, also the last day of the summer schedule. Now, in the winter schedule starting from October 30, the airline will be operating 3,193 flights every week. This is also 6.6 per cent more than the number of weekly flights operated by the airline in the previous winter schedule. From October 30, SpiceJet has been allowed to operate more than 50 per cent of their flights. The 50 per cent restriction on the number of flights was co-terminus with the summer schedule that ends on October 29, Directorate General of Civil Aviation (DGCA) chief Arun Kumar told PTI

DGCA removes 50% capacity cap on SpiceJet flights from October 30

The DGCA on Friday also approved Indian carriers' winter schedule. Indian carriers will operate 21,941 weekly flights, 1.55% less during the season compared to the previous winter season, it noted.

DGCA lifts 50% cap restrictions on SpiceJet, to operate with full capacity

Scheduled airlines will operate 21,941 flights on domestic routes every week in the winter schedule starting from October 30

SpiceJet to suspend services in Sikkim due to operational constraints

SpiceJet, the only carrier that runs daily flights to and from the greenfield airport in Sikkim's Pakyong, will suspend services in the hill state from October 30 due to "operational constraints". According to a spokesperson of the budget airline, bad weather and low visibility were bottlenecks that led to the decision. "SpiceJet flights to and from Pakyong airport have been temporarily suspended with effect from October 30, 2022, due to operational constraints owing to the bad weather condition and low visibility at Pakyong. "Pakyong is a VFR (Visual Flight Rules) airport and does not have instrument landing facilities To avoid inconvenience to our passengers, flight operations have been temporarily suspended. We will share an update once the services resume," the spokesperson said. A notice to this effect has been put up at the reception and the ticket counter of the airport. An airport official said on the condition of anonymity that SpiceJet has suffered significant losses dur

SpiceJet announces revised salary structure, raise for its Captains

SpiceJet has announced a revised salary structure for its Captains increasing their monthly remuneration to Rs 7 lakh-a-month for 80 hours of flying.