SPICEJET

  • Cash-strapped airliner SpiceJet submits revival plan to government 27 minutes ago

    New Delhi: Troubled budget carrier SpiceJet on Friday submitted a revival plan to the government on the basis of a proposed investment of USD 200 million from founding promoter Ajay Singh and US-based JP Morgan Chase. "It was a constructive meeting," the airline's Chief Operating Officer Sanjiv Kapoor told reporters after...
  • SpiceJet set to send a financial revival plan to the Civil Aviation Ministry 3 hours 39 minutes ago

    The cash strapped airliner SpiceJet has been looking for investors to meet all outstading debts. The company will be submitting a revival plan to the government on Friday. ...
  • Government may cap economy air fares at Rs 20,000 Yesterday

    New Delhi: Government is considering to cap economy air fares at Rs 20,000 to check airlines from charging "exorbitant" fares or unleashing predatory pricing, affecting their own financial health. The proposal comes in the backdrop of SpiceJet episode, which had come out with a series of low-fare offers throughout the...
  • SpiceJet presents revival plan to government 3 days ago

    New Delhi: Struggling budget carrier SpiceJet has presented a revival plan to the government, which will be discussed with oil companies and banks before taking a final decision regarding the airline, official sources said on Monday. The airline's original investor Ajay Singh is in discussion with two US-based private equity...
  • Co-founder of SpiceJet seeks time to finalise funding plans 3 days ago

    New Delhi: The entrepreneur behind a high-profile effort to rescue Indian carrier SpiceJet has asked for more time to finalise funding plans, a government official with direct knowledge of the matter said on Monday. Ajay Singh, who helped set up the low-cost airline in 2005, had been expected to submit a...
  • SpiceJet's dues grew to Rs 1,230 crore in 18 days till December 10: Government 4 days ago

    New Delhi: Troubled budget carrier SpiceJet's dues to foreign and Indian vendors, airport operators and oil companies grew swiftly from Rs 990 crore to Rs 1,230 crore in a matter of 18 days till December 10, Lok Sabha was informed on Monday. The airline's dues to foreign vendors, including lessors of...
  • Maran brothers' SpiceJet on the brink of collapse, change of guard likely soon 5 days ago

    New Delhi: Beleaguered SpiceJet could see a change of guard if Indian and foreign investors, who are now carrying out due diligence of the cash-strapped airline, are convinced about investing over Rs 1,200 crore and picking up considerable stake in it, industry sources said on Sunday. After being on the brink...
  • Cash-strapped SpiceJet resumes normal operations 6 days ago

    New Delhi: The operations of the budget carrier SpiceJet, which were hit severely last week due to the non-payment of dues to the oil companies and regulatory issues, returned to normal on Saturday with the airline operating 124 flights till Saturday afternoon. "Today's operations: SpiceJet as of 3:15 PM operated 124...
  • AAI extends credit facility to SpiceJet till December 6 days ago

    New Delhi: Cash-strapped SpiceJet's troubles seem to be far from over as the AAI has agreed to extend credit facility to the airline only for 15 days till December 31. "The relief has been given only till December. If the airline does not want to be asked for a payment before...
  • SpiceJet fallout: Ticket prices shoot up by 50 per cent 1 week ago

    Thousands of passengers were stranded as the SpiceJet airline cancelled many of its flights on Wednesday morning. Ten passengers have also filed a complaint against the airline in New Delhi. ...
  • SpiceJet hits ground, spoils year end plans for thousands of people December 18, 2014

    New Delhi: Shweta, a housewife from New Delhi is terribly disappointed. Her five year old dream of spending the year end with husband and children in Goa has hit a huge roadblock. She had booked the tickets three months ago on SpiceJet. Now the airline is in deep trouble and...
  • Angry SpiceJet passengers lose their cool December 18, 2014

    Angry SpiceJet passengers lose their cool after waiting since 4 AM on Wednesday. All SpiceJet flights remained grounded for the first half of the day. "It is very irritating. They are not giving us any alternative," said a passenger. ...
  • Cash-strapped SpiceJet resumes operations December 17, 2014

    New Delhi: The cash-strapped airline SpiceJet resumed operations on Wednesday after facing passengers' anger for mass cancellation of flights over non-payment of fuel dues. SpiceJet Chief Operating Officer Sanjiv Kapoor has said that the flights will resume operations by Wednesday evening. "Flights scheduled to depart on or after 4 PM today...
  • Oil Ministry asks SpiceJet to submit 10-day plan for revival, airline to start operation by 4 PM December 17, 2014

    New Delhi: The cash-strapped SpiceJet has been asked by the Oil Ministry to submit a 10-day plan for revival of the airline, said sources on Wednesday. In a meeting held on Tuesday, the ministry had agreed to grant interim relief to SpiceJet and said that they can pay some money...
  • SpiceJet flights will resume operations by 4 PM, says COO Sanjiv Kapoor December 17, 2014

    New Delhi: Facing passenger's anger after several of its flights were cancelled over non-payment of fuel dues, SpiceJet Chief Operating Officer Sanjiv Kapoor has said that the flights will resume operations by Wednesday evening. "Flights scheduled to depart on or after 4 PM today will operate. We apologise again for the...
  • Will supply fuel only on immediate payment: Oil companies to Spicejet December 17, 2014

    New Delhi: With troubled Spicejet having grounded its flights, oil companies have made it clear the budget carrier will get fuel only on immediate payments, as the airline is on 'cash and carry' mode. The carrier had till Tuesday bought some jet fuel but it has...
  • More trouble for SpiceJet, airline remains grounded for 2nd day as oil companies stop fuel supply: Sources December 17, 2014

    New Delhi: In more trouble for the cash-strapped airline SpiceJet, the operations remain grounded for the second day on Wednesday as oil companies have stopped fuel supply, the sources said. "Not even a single flight has taken off till this morning due to fuel supply issue with the oil companies," sources...
  • Breather for Spicejet, government may ask banks to lend upto Rs 600 crore to the airlines December 17, 2014

    New Delhi: Coming to the rescue of the crisis-ridden budget airline SpiceJet, the Civil Aviation Ministry said it may request Indian banks/financial institutions to extend loans of upto Rs 600 crore to the airline as part of measures to keep the carrier functional. The Civil Aviation Ministry has said that it...
  • SpiceJet seeks government help; request to be put up before PMO: MoS Civil Aviation December 15, 2014

    New Delhi: Suffering a total liability of about Rs 2,000 crore, beleaguered no-frill carrier SpiceJet on Monday approached the government and sought urgent financial help to run its daily operations. Top officials of the airline met Minister of State for Civil Aviation Mahesh Sharma and made the plea for "urgent relief". The...
  • Cartoon of the day: SpiceJet stops advance bookings after DGCA's stern warning December 10, 2014

    Cash-strapped SpiceJet has cancelled over 1,800 flights across the country for December, in signs of mounting troubles for the budget airline. DGCA has asked the airline to stop taking bookings of more than one month in advance. ...
  • SpiceJet cancels flights, stops advance booking after DGCA warning December 9, 2014

    New Delhi: SpiceJet has cancelled hundreds of tickets and stopped advance bookings after being given a stern warning by the aviation regulator. Infact, the Directorate General of Civil Aviation (DGCA) has given SpiceJet time till December 15 to pay off all the dues. Anjum Khan was supposed to be at...
  • Hope SpiceJet will come out of financial turbulence: Aviation Minister December 9, 2014

    In more trouble for SpiceJet, the cash-strapped airline has cancelled over 1,800 flights across the country for the current month. The DGCA had asked the airline to stop taking bookings of more than a month in advance. Aviation Minister Ashok Gajapati Raju said, "We hope SpiceJet will fly out of...
  • Troubled SpiceJet cancels over 1,800 flights till December 31 December 8, 2014

    New Delhi: Cash-strapped SpiceJet has cancelled over 1,800 flights across the country for December, in signs of mounting troubles for the budget airline. The air carrier, which is part of Kalanithi Maran-led Sun Group, has cancelled a total of 1,861 flights, a few to Kathmandu in Nepal and all others connecting...
  • Spicejet refutes reports of DGCA's directive on large-scale cancellations December 7, 2014

    New Delhi: After Directorate General of Civil Aviation (DGCA) rapped up SpiceJet over financial constraints, the airline on Sunday denied the reports of any large-scale cancellations asked by the aviation regulator. It has also rejected reports of pilot shortage and existing pilots being made to fly extra hours. DGCA on Friday...
  • DGCA raps SpiceJet for large scale flight cancellations December 5, 2014

    New Delhi: Aviation regulator Directorate General of Civil Aviation on Friday cracked the whip on SpiceJet and withdrew 186 of its slots and asked it to clear salary dues of all its employees in the next ten days. After reviewing the situation facing the no-frill carrier, DGCA chief Prabhat Kumar took...
  • SpiceJet on track to return to profitability, says COO November 18, 2014

    New Delhi: Scotching speculation that SpiceJet would go the Kingfisher way, the no-frills carrier on Tuesday said that it was on track to return to profitability on the back of improved performance and enhanced fleet size. "Recapitalisation is the last piece of the turnaround jigsaw puzzle. There is activity going...
  • Buffalo on runway: Is a major mishap waiting to happen? November 7, 2014

    A Delhi-bound SpiceJet plane hit a buffalo on the runway a few seconds before the take-off at the Surat airport. CNN-IBN asks whether a major mishap is waiting to happen. ...
  • SpiceJet complains of stray animals at Surat airport, suspends services for indefinite period November 7, 2014

    Surat: A day after a Delhi-bound SpiceJet plane hit a stray animal on the runway a few seconds before the take-off, the airlines have complained of stray animals as a recurring problem at the Surat airport. Owing to the repeated obstructions, the airline has decided to suspend its services at...
  • SpiceJet flight hits animal before take-off at Surat airport November 6, 2014

    Surat: A Delhi-bound SpiceJet plane, with about 140 passengers onboard, hit a stray animal on the runway a few seconds before the take-off at the Surat airport on Thursday. "A Surat-to-Delhi SpiceJet aircraft, Flight number SG 622, carrying around 140 passengers excluding crew members today hit a stray animal on...
  • Hyderabad bound SpiceJet flight diverted after engine trouble October 28, 2014

    New Delhi: A SpiceJet Coimbatore-Hyderabad flight carrying 70 passengers was diverted to Bangalore on Tuesday following engine trouble. The pilots of the Bombardier Q-400, operating flight SG 1048, noticed signals of suspected engine trouble on the cockpit panel and decided to land at Bangalore airport short of its final destination,...