Page 9 - Spicejet

SpiceJet's occupancy rate remains high in July amid malfunction incidents

SpiceJet's occupancy rate has remained high in July despite multiple technical malfunction incidents reported in its aircraft during the last 24 days. The airline's occupancy rate, also called passenger load factor (PLF), was above 80 per cent between July 1 and July 11, SpiceJet said in statement. I am grateful for the faith and trust that our passengers have shown," Ajay Singh, Chairman and Managing Director, said. The numbers speak for themselves and are a testimony to the fact that SpiceJet is and has been the most loved airline in India, he added. The PLFs of other airlines have been around 70-80 per cent between July 1 and July 11, aviation industry sources said. SpiceJet's statement said: "The airline's load factor for the last eleven days continues to be extremely impressive with a PLF of 83.1 per cent on July 1, 88.2 per cent on July 2, 90.1 per cent on July 3, 86.5 per cent on July 4, 86.2 per cent on July 5, 85.8 per cent on July 6, 84.1 per cent on July 7, 84.2 per cen

SpiceJet denies fraud complaint against Chairman Ajay Singh, calls it bogus

SpiceJet on Tuesday said the complaint of alleged fraud filed by an individual against airline's Chairman Ajay Singh was "completely bogus" and a defamation suit will be filed against the complainant

Stocks to watch: HCL Tech, BoB, Coal India, L&T, Paytm, SpiceJet, Wipro

Stocks to watch today: HCL Technologies will report June quarter results 2022 (Q1FY23) on Tuesday, July 12; Coal India ramped up capex plans to Rs 3,034 crore, up 64.8 per cent in June quarter 2022.

SpiceJet sees another technical glitch after flight lands in Dubai: Report

The plane, an eight-year-old Boeing Co. 737 next generation jet, had flown from India to Dubai on Monday and after landing was discovered to have a technical issue with its nose wheel

Stocks to watch: TCS, Tata Motors, Mahindra Holidays, D-Mart, Adani Group

Stocks to watch today: IT behemoth TCS net profit grew 5.2 per cent year-on-year (YoY) to Rs 9,478 crore in Q1FY23; Tata Motors hiked prices across passenger vehicle range by 0.55 per cent.

SpiceXpress to be hived off from SpiceJet by Aug first week: Ajay Singh

Banks and shareholders have given their approval to hive off cargo and logistics company SpiceXpress from SpiceJet airline, the carrier's CMD Ajay Singh said

Fourth quarter numbers being rechecked post-ransomware, says SpiceJet

The airline said its Q4 FY22 financial result was prepared before the ransomware attack

Rajeev Misra may raise $8-10 bn for his new fund, in talks with gulf royals

Sources say it is also possible that Son may invest some money in the fund through Softbank or other vehicles, although this could not be confirmed

Passengers start avoiding SpiceJet after mid-air safety failures: Survey

Passengers are starting to avoid SpiceJet Ltd. after a series of mid-air safety failures, according to a survey, dealing a blow to the cash-strapped airline

TMSEp211: SpiceJet, Reliance Retail, estimated IT earnings, forex reserve

Can the SpiceJet incident be brushed aside as a blip? What is Reliance Retail's growth strategy? How will TCS Q1 results set the stage for IT earnings? What is a forex reserve? All answers here

Can incidents involving SpiceJet be brushed aside as blip?

Nine technical glitches in the last two months in SpiceJet are not only unusual, but alarming too. Find out if the incidents can be brushed aside as aberrations? Or does it call for a reality check?

Aviation in focus: SpiceJet stock has worst showing in Asia Pacific region

A settlement with Boeing on 737 Max on outstanding claims last November was a positive trigger for the stock

Out on a wing

DGCA needs more rigorous response to safety

Top headlines: Capex distribution rules, Edible oil prices fall, and more

Business Standard brings you the top headlines at this hour

SpiceJet gets notice over flight safety, says will be 'doubly careful'

SpiceJet has denied any violations on its part and said it is committed to safe operations

Along with SpiceJet, malfunction incidents seen on IndiGo, Vistara flights

An engine of a Vistara aircraft on way from Bangkok failed after it landed at the Delhi airport on Tuesday but all passengers disembarked safely, officials of the aviation regulator DGCA said

Top headlines: RBI tries to shore up rupee; DGCA notice to SpiceJet

Union ministers Mukhtar Abbas Naqvi and R C P Singh submitted their resignations to Prime Minister Narendra Modi on Wednesday, a day before the completion of their Rajya Sabha term, sources said.

SpiceJet shares bounce back amid value-buying; settle over 2% higher

Shares of SpiceJet bounced back on Wednesday, rising more than 2 per cent amid value-buying at lower levels in tandem with a positive trend in the equity market

DGCA show cause notice to SpiceJet following spate of aircraft incidents

Three incidents on Tuesday alone; airline is operating on cash-and-carry basis and vendors aren't being paid regularly, leading to shortage of spares and frequent invocation of minimum equipment list

Third SpiceJet plane hit by snag in 24 hrs; cargo plane returned to Kolkata

A SpiceJet cargo plane on Tuesday flying to China returned to Kolkata as the weather radar was not working, the company said