Page 35 - Spicejet

SpiceJet records highest ever quarterly profit at Rs 2.4 billion in Q3

The company had reported a net profit of Rs 1.81 billion in the same period a year ago

SpiceJet mulls seaplanes on Brahmaputra, says it will boost tourism

With the seaplanes, Brahmaputra can be the largest waterway in the world: SpiceJet MD Ajay Singh

SpiceJet surges as government proposes Udan expansion

The stock surged 15% to Rs 142 on BSE in intra-day trade on back of heavy volumes.

SpiceJet sacks expat Turkish pilot for failing pre-flight alcohol test

Aircraft rules prohibit crew members from taking any alcoholic drink 12 hours prior to the commencement of a flight

SpiceJet shares soar 5% as Q2 profit jumps 79%

This is also the carrier's highest ever second quarter profit.

SpiceJet Q2 FY18 profit surges 79% on high passenger yield

Net income from operations rose about 30% to 17.97 billion rupees

Will regional operations become the secret sauce for airlines' success?

Data show that airlines make more money flying regional than on metro routes

SpiceJet to take up electrification of remote village in Assam

Airline to set up a small-scale power grid to provide greater electricity supply in Baruahchuck village

SpiceJet to launch ops with up to 14-seater aircraft that can land anywhere

Talks underway for the purchase of such aircraft from Japan's Setouchi Holdings

SpiceJet to buy 50 Bombardiers for $1.7 billion

This is the airline's second biggest order this year and comes 8 months after its purchase of 155 Boeing planes

Bombardier signs pact with Spicejet for largest ever Q400 turboprop order

Based on list prices, order for 50 aircraft is valued at up to $1.7 bn

SpiceJet skidding incident disrupts schedules, raises safety concerns

The skidding of SpiceJet Boeing 737 plane at Mumbai on Tuesday night disrupted flight operations and put a spotlight on safety concerns at the airport.Fifty one flights were diverted and over 150 canceled through the day following the closure of main runway. Fluctuating winds and poor visibility compounded the problem. No one was injured in the incident but it brought to fore safety issues at the country's second busiest airport.Mumbai airport has two intersecting runways (09/27 and 14/32) and aircraft land and take off from all four directions. International Civil Aviation Organisation recommends provision of a runway end safety area (RESA) at the end of each runway which helps reduce the risk of aircraft damage in case of an excursion. For that reason the safety area is built using materials which arrest aircraft speed and is of different grade than runway surface.However one end of Mumbai's main runway lacks a separate safety area (RESA). In 2009 a RESA was carved out by ...

SpiceJet plane skids off Mumbai runway; passengers rescued using chutes

DGCA to inquire into the incident

Excess baggage fee needed to keep fares lucrative: SpiceJet

The airline, however, emphasised that it has kept reasonable amount of luggage free for passengers

SpiceJet to hike excess baggage fee from Rs 100 to Rs 300/kg

Delhi High Court on Wednesday set aside capping of fee for excess checked-in baggage on airlines

SpiceJet promoter Ajay Singh rules out diluting stake to raise money

Says cash flow enough to handle expenditure of litigation and bulk aircraft order

SpiceJet Q1 net up 18% at Rs 175 cr

Passenger yields rose 9% during the quarter, while average load factor was 94.07%

Who owns SpiceJet? Kalanithi Maran claims deal with Ajay Singh is dead

SpiceJet spokesperson says former promoters' claims are baseless and false

Did you know? Ajay Singh bought SpiceJet for only Rs 2 from the Marans

Singh took control of the airline last January acquiring 58.46 per cent shares of the airline

Share transfer dispute: SpiceJet must deposit Rs 579 cr, Delhi HC rules

The Delhi High Court on Monday dismissed budget carrier Spicejet and its co-founder Ajay Singh's appeals against a earlier single judge order asking the company to pay Rs 579 crore to Kalanithi Maran and his KAL Airways as interim relief in a share transfer dispute, while directing the two sides to initiate arbitration.Justices S Ravindra Bhat and Yogesh Khanna however modified the July 29, 2016 single judge order and directed Spicejet to deposit Rs 250 crore in cash and Rs 329 crore as bank guarantee by August 31 and July 31 respectively. The court concluded that the modification of the earlier order - requiring Spicejet to provide the entire Rs 579 crore amount in equal installments over a twelve month period - was essential in light of the unpredictable nature of likely injury that could be caused to the commercial operations of the company if the entire amount was secured through a deposit. Reacting to the high court decision, Spicejet Limited shares fell by more than 10 ...