spicejet

FDI in aviation boosts airlines’ stocks


September 17th, 2012 - 11:24 pm ICT by IANS
Mumbai, Sep 17 (IANS) Scrips of major domestic airlines soared Monday after the government allowed foreign investments by international airlines into domestic airline industry.Scrip of the cash-strapped Kingfisher Airlines touched ... Read more...

Posted in Business |

Sensex closes 78 points up to touch 14-month high (Roundup)


September 17th, 2012 - 11:23 pm ICT by IANS
Mumbai, Sep 17 (IANS) A benchmark index of Indian equities market edged 78 points higher to close at a 14-month high Monday on the back of capital goods, banks and ... Read more...

Posted in Business |

FDI in airlines allowed, foreign airlines welcome move


September 14th, 2012 - 8:06 pm ICT by IANS
New Delhi, Sep 14 (IANS) The government Friday allowed foreign airlines to invest up to 49 percent in domestic carriers, giving wings to cash-strapped Indian carriers.The cabinet committee on ... Read more...

Posted in Business |

Aviation stocks rally on CCEA meet clearing FDI in airlines


September 14th, 2012 - 4:33 pm ICT by IANS
New Delhi, Sep 14 (IANS) Aviation stocks rallied Friday as the cabinet committee on economic affairs (CCEA) is set to take up a proposal to allowing foreign airlines ... Read more...

Posted in Uncategorized |

Kerala IT firm wins global air cargo award


September 6th, 2012 - 5:34 pm ICT by IANS
Thiruvananthapuram, Sep 6 (IANS) IBS Software, headquartered here, was awarded the 'IT Provider of the Year' in 2012 for the air cargo industry, an IBS statement said Thursday.The award was ... Read more...

Posted in Sci-Tech |

SpiceJet to start Madurai-Colombo service


August 29th, 2012 - 6:29 pm ICT by IANS
New Delhi, Aug 29 (IANS) Budget carrier SpiceJet Wednesday said it will start services between Madurai and Colombo from Sep 20."SpiceJet will be the first airline to operate regular international ... Read more...

Posted in Business |

Air India yet to decide on direct ATF import: Ajit Singh


August 28th, 2012 - 9:40 pm ICT by IANS
New Delhi, Aug 28 (IANS) Air India has not yet decided about importing Air Turbine Fuel (ATF) directly, Civil Aviation Minister Ajit Singh said Tuesday. The minister said this in ... Read more...

Posted in Business |

DGCA reviews airlines’ safety


July 13th, 2012 - 8:59 pm ICT by IANS
New Delhi, July 13 (IANS) India's aviation regulator Friday reviewed the safety and operational performance of all the domestic airlines and asked the carriers to remove deficiencies and properly address ... Read more...

Posted in Business |

SpiceJet to base newly acquired aircraft in Delhi


July 5th, 2012 - 5:43 am ICT by IANS
New Delhi, July 4 (IANS) Budget carrier SpiceJet Wednesday said that the national capital will become the third base for its five newly-acquired Bombardier Q400 turboprop aircraft after Hyderabad and ... Read more...

Posted in Business |

Air India recorded highest number of cancellations in May


June 18th, 2012 - 7:51 pm ICT by IANS
New Delhi, June 18 (IANS) Troubled Air India recorded the highest number of cancellations amongst all domestic carriers in May, official data revealed Monday.Data released by the aviation regulator, Directorate ... Read more...

Posted in Business |

SpiceJet to start daily flights to Dubai


June 8th, 2012 - 7:03 pm ICT by IANS
New Delhi, June 8 (IANS) Budget carrier SpiceJet Friday said it would add Dubai as the third international destination to its network by daily operating direct Delhi-Dubai and Mumbai-Dubai flights ... Read more...

Posted in Business |

SpiceJet to link Dubai with Mumbai, Delhi


June 8th, 2012 - 2:27 pm ICT by IANS
Mumbai, June 8 (IANS) India's low-cost airline SpiceJet will soon launch two new daily flights connecting Mumbai and New Delhi with Dubai, an official said Friday.The first service to Dubai ... Read more...

Posted in Business |

Air India to import jet fuel directly


June 7th, 2012 - 9:02 pm ICT by IANS
New Delhi, June 7 (IANS) Air India wants to directly import jet fuel that would help the national carrier save around Rs.300 crore annually.To do this, the airline will seek ... Read more...

Posted in Uncategorized |

Air India’s domestic load factor rose to 82 percent in May


June 5th, 2012 - 5:36 pm ICT by IANS
New Delhi, June 5 (IANS) National carrier Air India Tuesday reported a healthy 82 percent load factor on its domestic flights in May, even while its international operations were crippled ... Read more...

Posted in Business |

Panel to rationalise Air India’s loss-making routes (Lead)


May 28th, 2012 - 11:23 pm ICT by IANS
New Delhi, May 28 (IANS) Civil Aviation Minister Ajit Singh Monday constituted a four-member panel to examine Air India's route profitability, even as the strike by pilots of the national ... Read more...

Posted in Business |

Day 21, Rs.300 crore losses - Air India crisis continues


May 28th, 2012 - 3:17 pm ICT by IANS
New Delhi, May 28 (IANS) The strike by pilots of national carrier Air India continued for the 21th day Monday, mounting losses to more than Rs.300 crore (about $55 mn)."Current ... Read more...

Posted in Business |

Air India strike continues for 19th day, losses at Rs.290 crore


May 26th, 2012 - 4:08 pm ICT by IANS
New Delhi/Mumbai, May 26 (IANS) The Air India pilots' strike continued for the 19th day Saturday, mounting the national carrier's losses to Rs.290 crore."Till now, the losses stand at Rs.270 ... Read more...

Posted in Business |

AI board meet to decide on Boeing 787 arrival date, employees VRS


May 25th, 2012 - 7:49 pm ICT by IANS
New Delhi, May 25 (IANS) The Air India board will meet Monday to decide on the induction date of the Boeing 787 Dreamliner into the carrier's fleet and a voluntary ... Read more...

Posted in Business |

SpiceJet to offer Rs.777 fare on its routes


May 22nd, 2012 - 9:49 pm ICT by IANS
New Delhi, May 22 (IANS) To commemorate its seventh anniversary and to lure more passengers in the peak travel season, low cost carrier SpiceJet Tuesday announced a unique scheme by ... Read more...

Posted in Business |

RBI to notify proposal allowing airlines to access foreign funds


April 19th, 2012 - 9:43 pm ICT by IANS
New Delhi, April 19 (IANS) The government Thursday said it expects the Reserve Bank of India (RBI) to notify the budget announcement of allowing the cash-strapped Indian civil aviation ... Read more...

Posted in Business |

Domestic January-March air growth at 6.55 percent


April 18th, 2012 - 4:43 pm ICT by IANS
New Delhi, April 18 (IANS) The number of passengers carried by domestic airlines grew by more than 6.55 percent in the period between January to March 2012 and stood at ... Read more...

Posted in Business |

SpiceJet allowed to directly import ATF


April 18th, 2012 - 4:06 pm ICT by IANS
Mumbai, April 18 (IANS) SpiceJet Ltd has became India's first low-cost private airline to get government approval for importing aircraft turbine fuel (ATF) directly.The approval was granted by the Director-General ... Read more...

Posted in Business |

Bombardier inaugurates engineering centre in Bangalore


April 17th, 2012 - 8:09 pm ICT by IANS
Bangalore, April 17 (IANS) Global transportation manufacturer Bombardier inaugurated its engineering service centre here Tuesday to execute aerospace projects, including aircraft design."The engineering service centre here will support the development ... Read more...

Posted in Business |

SpiceJet makes precautionary landing at Mumbai airport


April 13th, 2012 - 3:48 pm ICT by IANS
New Delhi, April 13 (IANS) Budget carrier SpiceJet said that its Ahmedabad-to-Chennai flight carrying 106 passengers and crew made a precautionary landing at Mumbai airport early Friday morning due ... Read more...

Posted in Business |

Decision on aviation FDI deferred for next cabinet meet


April 12th, 2012 - 9:40 pm ICT by IANS
New Delhi, April 12 (IANS) A key decision on foreign carriers picking up stake in domestic airlines was deferred Thursday at a meeting of the cabinet presided over by ... Read more...

Posted in World |

Aviation stocks climb on FDI hopes


April 11th, 2012 - 6:53 pm ICT by IANS
Mumbai, April 11 (IANS) Share prices of aviation companies soared Wednesday on reports that the government would this week permit up to 49 percent foreign direct investment (FDI) in ... Read more...

Posted in Business |

SpiceJet applies for direct import of jet fuel


April 3rd, 2012 - 1:23 am ICT by IANS
New Delhi, April 2 (IANS) Budget carrier SpiceJet Monday said it has applied to the Director General of Foreign Trade (DGFT) for permitting the airline to directly import jet ... Read more...

Posted in Business |

Boeing to deliver 100 aircraft to India in five years


March 14th, 2012 - 11:33 pm ICT by IANS
Hyderabad, March 14 (IANS) The Boeing Co. has an order book of 100 aircraft from India including 37 B-787 Dreamliners and plans to deliver them over four to five years, ... Read more...

Posted in Uncategorized |

Women on wheelchairs call for equitable rights for all


March 7th, 2012 - 11:11 pm ICT by IANS
Mumbai, March 7 (IANS) Over 1,500 people, from commoners to socialites, Wednesday came out to support the spirit of womanhood on the eve of International Women's Day as 100 women ... Read more...

Posted in Health Science |

SpiceJet shares rise 4.11 percent as Maran raises stake


March 3rd, 2012 - 6:02 pm ICT by IANS
Mumbai, March 3 (IANS) Shares of budget carrier SpiceJet Saturday closed 4.11 percent up after it became known that promoter Kalanithi Maran would infuse Rs.100 crore into the airline in ... Read more...

Posted in Business |

SpiceJet promoter to infuse Rs.100 crore


March 2nd, 2012 - 10:35 pm ICT by IANS
New Delhi, March 2 (IANS) Budget carrier Spicejet Friday said its promoter Kalanidhi Maran will infuse Rs.100 crore into the passenger carrier in lieu of five percent equity or additional ... Read more...

Posted in Business |

‘Proposal for FDI in domestic carriers sent to commerce ministry’


February 23rd, 2012 - 4:13 pm ICT by IANS
New Delhi, Feb 23 (IANS) A proposal has been sent to the commerce ministry to permit foreign carriers invest in India's cash-strapped private airlines, Civil Aviation Minister Ajit Singh ... Read more...

Posted in Business |

Government rolls out plan to help domestic airlines (Roundup)


February 7th, 2012 - 8:39 pm ICT by IANS
New Delhi, Feb 7 (IANS) To help cash-strapped Indian airlines, a group of ministers (GoM) led by Finance Minister Pranab Mukherjee Tuesday rolled out a plan for the carriers ... Read more...

Posted in Business |

Aviation stocks rally after direct jet fuel import allowed


February 7th, 2012 - 5:06 pm ICT by IANS
Mumbai, Feb 7 (IANS) Scrips of three listed domestic carriers -- Jet Airways, Kingfisher Airlines and SpiceJet -- rallied after the government Tuesday allowed airlines to import jet fuel ... Read more...

Posted in Business |

SpiceJet’s third quarter net loss at Rs.39.26 crore


February 6th, 2012 - 7:33 pm ICT by IANS
Mumbai, Feb 6 (IANS) Budget carrier SpiceJet Monday reported a net loss of Rs.39.26 crore for the quarter ended Dec 31 from a net profit of Rs.94.44 crore in the ... Read more...

Posted in Business |

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