SpiceJet registers 400% rise in bookings; Jet Airways joins price war
Jet Airways today rolled a 30-day advanced purchase scheme, offering return fares starting as as low as Rs 4,459 for select sectors.
Jan 29, 2015, 21:16 PM IST
DGCA lifts curb on advance bookings, govt clears SpiceJet plan
The airline's Chief Operating Officer Sanjiv Kapoor said that the Directorate General of Civil Aviation's decision would "aid cash flow and the revival process".
Jan 22, 2015, 21:05 PM IST
Marans' goodbye to SpiceJet is a 'good buy' for Singh: Experts
Former SpiceJet co-promoter Ajay Singh's decision to acquire the ailing carrier from Maran family is a "good buy" said it also bodes well for the entire aviation industry, experts said on Friday.
Jan 16, 2015, 23:06 PM IST
SpiceJet's new owners plan to cut fleet, shrink network
The prospective owners of low-cost carrier SpiceJet Ltd plan to cut the airline’s fleet, shrink its network and return to a "plain vanilla" business model to achieve profitability, two people close to the investors said.
Jan 16, 2015, 17:21 PM IST
Ajay Singh draws up five-year plan for SpiceJet revival
To revive the fortunes of SpiceJet, its original founder Ajay Singh has drawn up a five-year plan and is looking to rope in foreign investors for fund infusion.
Jan 16, 2015, 16:05 PM IST
Downsizing, restructuring part of SpiceJet revival plan: Ajay Singh
Putting in resources to revive SpiceJet, its original founder Ajay Singh on Thursday said he has drawn up a five-year plan for the cash-strapped airline that would include downsizing and other restructuring efforts.
Jan 15, 2015, 23:01 PM IST
Ajay Singh re-boards SpiceJet with Rs 1,500-cr deal; Marans out
Kalanithi Maran-led Sun Group would also infuse Rs 80 crore in the loss-making airline following conversion of their warrants, which would give them a 10 percent minority stake.
Jan 15, 2015, 21:15 PM IST
SpiceJet revival: Singh says more investors to join in
Singh, to whom current promoters Maran family have agreed to transfer their entire over 53 percent stake as part of a revival plan, said turnaround for the airline could happen in the 2-3 quarters.
Jan 15, 2015, 20:48 PM IST
SpiceJet says looking ahead to normalcy
As SpiceJet Thursday got a new lease of life with co-founder Ajay Singh back in control, the airline said it is looking forward to get back to normalcy and may take some more steps for its revival.
Jan 15, 2015, 19:01 PM IST
SpiceJet: Marans fly out, Ajay Singh checks in to lead revival
Capping weeks of uncertainty over its future, beleaguered SpiceJet Thursday said its promoter Kalanithi Maran would transfer his entire stake in the carrier to original founder Ajay Singh as part of plans to revive it.
Jan 15, 2015, 16:44 PM IST
SpiceJet saga: Kalanithi Maran transfers ownership to Ajay Singh
Budget carrier SpiceJet on Thursday announced that its promoter Kalanithi Maran will transfer the ownership of the airline to the original founder Ajay Singh.
Jan 15, 2015, 16:07 PM IST
SpiceJet crisis: Investors approach Sebi with revival plan
Signalling an imminent change in SpiceJet's ownership, potential investors including co-founder Ajay Singh and US-based JPMorgan have begun discussions with markets regulator Sebi over their investment plan for the cash-strapped airline.
Jan 14, 2015, 20:36 PM IST
Kamlesh Auto buys over Rs 6 crore-worth SpiceJet shares
In beleaguered SpiceJet hitherto unknown Kamlesh Auto Pvt Ltd has purchased shares worth over Rs 6.3 crore through a bulk deal.
Jan 12, 2015, 23:51 PM IST
Hectic parleys on as SpiceJet awaits investment; shares soar
The talks gained further currency in the wake of SpiceJet shares soaring by a huge 10 percent in the stock market, after getting a huge battering in the recent past.
Jan 09, 2015, 23:16 PM IST
SpiceJet may get first round of investment by Jan 10
Crisis-hit SpiceJet may get the first round of its much-needed fund infusion in the next two days, while more may come in a month's time as part of an estimated USD 200 million investment plan, sources said on Thursday.
Jan 08, 2015, 20:57 PM IST
SpiceJet submits revival plan to the government
However, the Kalanithi Maran's carrier is expected to come up with a comprehensive plan, which may include more details on the proposed investments by next week, sources said.
Dec 26, 2014, 18:54 PM IST
SpiceJet shares zoom 9% on proposed revival plan
Shares of SpiceJet surged 9 percent on Friday following reports that the budget carrier would submit 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.
Dec 26, 2014, 18:47 PM IST
SpiceJet submits revival plan to govt
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.
Dec 26, 2014, 17:51 PM IST
SpiceJet to submit revival plan to government on Friday
The potential investors are likely to buy stake from current promoter Kalanithi Maran by infusing USD 200 million within a month to help the airline stay afloat.
Dec 25, 2014, 16:55 PM IST
SpiceJet presents revival plan to government
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 Monday.
Dec 22, 2014, 22:37 PM IST
