SpiceJet

Executive blood bath at SpiceJet – new officers announced

Beleaguered low fare carrier SpiceJet appears to be in the midst of a massive executive churn with many of the airline’s senior management departing voluntarily or being asked to leave. As per reports in The Mint and FirstBiz chief technology officer Virender Pal was summoned by the new chief operating officer, Sanjiv Kapoor, and literally asked to leave on the …

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Analysis: SpiceJet third quarter fiscal 2013~2014 results – excess capacity killing industry

Earlier this week, low cost carrier SpiceJet reported its latest round of disappointing financial results, reporting a Rs. 172.80 crore net loss for the third quarter of fiscal year 2013~2014 (3Q FY14), swinging from a net profit of Rs. 102.01 crore during the same period last year. The carrier blamed high fuel prices and rupee depreciation for the net loss, …

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Opinion: SpiceJet will order Boeing 737 MAX only in next fiscal, after funds infusion

Last the week the newswires were abuzz with stories about Indian budget carrier SpiceJet ordering up to 40 Boeing 737 MAX aircraft. While the ordering of the new fuel efficient MAXs is a foregone conclusion, given the airline’s need to continue its growth, the timing is not certain. What is certain is the airline’s precarious financial position. For the second …

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