The Delhi high court has issued SpiceJet a notice directing it to submit its accounts statement and asset-liability affidavit within a week. The court has also summoned the airline’s chairman and managing director Ajay Singh, to appear in person on 24 August for the hearing. The court’s action comes on a plea filed by Kalanithi … Read more
India is set to double its commercial fleet and airport capacity in metro cities in the next three to four years, Union minister of civil aviation Jyotiraditya Scindia said on Friday. “There will come a time in India, in the not-too-distant future, the next three years, four years, where our fleet capacity will grow from … Read more
A bench presided over by Chief Justice D.Y. Chandrachud and comprising Justice P.S. Narasimha dismissed Spicejet’s plea seeking additional time to pay the ₹75 crore to Maran and Kal Airways, as directed by the apex court on 13 February. Besides, the bench said that a clear message should be sent to ensure the court’s orders … Read more
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