In September 2021, SpiceJet had taken shareholders’ approval to transfer it’s cargo and logistics services business to its subsidiary, SpiceXpress and Logistics Private Ltd. (SLP), on a slump-sale basis, for Rs 2,555.77 cr. In it’s board meetings dated February 27, 2023, it has finally fixed April 1, 2023 as the date from which cargo business … Read more
InterGlobe Aviation’s IndiGo airline is seeing a “huge pent up demand” for domestic travel in India and increasing interest in flying abroad, news agency Reuters has reported citing its finance chief on Monday. While addressing the annual Airline Economics conference in Dublin, Riyaz Peermohamed said, “Overall we are seeing huge pent up demand coming in … Read more
Indigo is never short of news. Promoter’s spat. Staff complaints. And now the veteran, Sanjay Kumar resigns. Sanjay had joined Indigo in it’s earlier days in 2007 as Chief Commercial Officer and was currently the Chief Strategy and Revenue Officer. He is credited with creating Indigo’s mega spider web type of network. In between in … Read more
Even as the government lifted the cap on capacity deployment, most airlines are finding it difficult to operate at full capacity due to less demand, a report by Mint. The aviation sector in India has faced several hurdles since 2020. First, the pandemic-induced lockdowns forced the lanes to be grounded for two months. Then, the … Read more
Spicejet has informed that it has settled with Airports Authority of India (AAI) and has cleared all the ‘principal’ dues. Financial difficulties of the airline are widely known. It has been defaulting/ delaying on most of it’s financial commitments. It was moved to ‘cash and carry system’ in airports run by the AAI. Spicejet has … Read more
Since May of this year (i.e, in just 2 months), Spicejet has reported 9 mid air snags. This is uncommon in Indian skies and deserved a closer look by the regulator – The Directorate General of Civil Aviation (DGCA). DGCA has now acted and ordered Spicejet to operate only 50% of it’s flights that have … Read more
On Saturday i.e., July 2, 2022 as per reports only 55% of Indigo’s flights could operate on time. Reason – Significant number of cabin crew members took sick leave. As per industry sources – majority of IndiGo’s cabin crew members who took sick leave had gone for Air India’s recruitment drive. This event should not … Read more
Airlines will watch for passenger response during the lean months of July-September Airlines will watch for passenger response during the lean months of July-September With the rise in fuel prices, domestic and international airfares have witnessed surge by up to 50% in the past few months, according to data from online portals. A ticket for … Read more
It is not easy for an airline to turn a profit in India and a lot of issues such as fare caps and high taxes on aviation turbine fuel (ATF) have to be resolved, a senior IATA official said on Sunday. Philip Goh, Regional Vice President for Asia Pacific of International Air Transport Association … Read more