SpiceJet Ltd., which has as many as 205 737 Max jets on order, has said it may buy at least 100 Airbus planes worth more than $10 billion
With the latest pledge of shares, a total of 26.32 per cent shareholding of Singh is now encumbered.
Aviation experts blamed low business activity, muted consumer sentiment and closure of Jet Airways as main reasons for the lower number of passengers flying
While fuel cost is the single largest cost head for airlines, a weaker rupee means higher maintenance outgo, increased lease and interest costs on foreign currency loans
The emirate would be SpiceJet's first international hub as the carrier looks to boost its connectivity to the Gulf as well as to European destinations
Indian carriers are paying a much higher cost of operation and, therefore, they are not competitive with others, he said
The reason for the mistaken identity was a clerical error by an official of India's aviation regulator
According to an industry estimate, scheduled carriers in India will add at least 30 aircraft by the year end, of which 20 would come in by the first week of November
The grounding of MAX planes has hurt SpiceJet's capacity expansion and international plans and raised costs
Nineteen passenger aircraft above 26,000 flight cycles and four freighters having above 36,000 cycles of SpiceJet will be affected by the order
A SpiceJet Boeing 737-800 plan made an air turn back due to pressurisation failure on June 14 this year
Besides, the airline, in a release, also announced the launch of Rajkot as its 54th destination, with a direct flight services from here to Gujarat's fourth-largest city
The Max has been grounded worldwide since March after a pair of crashes killed 346 people
The no-frills carrier is expanding its nascent cargo-hauling arm to fill the growing need for overnight shipping services, fueled by online retailers such as Amazon.com. and Walmart Inc.'s Flipkart
The pilot was a first officer on a Surat-Mumbai flight on July 5 when the incident took place
In the past low-cost airlines were resisting the airport operator's demand to move to T2 citing higher slot charges and the resultant higher operational cost
SpiceJet will shift its operations entirely while IndiGo will move partially from T2 to T3. Delhi International Airport Limited said, it is carrying out expansion work at T2
SpiceJet on Friday said that it is going to start 12 new flights from the first week of October and 10 of these flights would be connecting Delhi with other cities. The budget carrier announced the "on-boarding of Aurangabad as its 53rd domestic destination" with the introduction of a daily non-stop flight on Delhi-Aurangabad route from October 8. Besides the new flight connecting Delhi and Aurangabad, SpiceJet has introduced new flights on the Delhi-Thiruvananthapuram and Kolkata-Ahmedabad sectors. SpiceJet said that from the first week of October, it will also enhance its operations with additional frequencies on the Delhi-Kolkata (4th & 5th frequency) and Delhi-Bengaluru (6th frequency) routes.
Both the pilots have been suspended for a period of one year from the date of the incident
Airline's auditor has disputed the compensation amount, saying there's no certainty to recognise such other income