Tag Archives: SpiceJet

Following instructions from the Ministry of Civil Aviation, Indian carriers are sending a message to their foreign pilots: thanks, but it is time to pack your bags and go back home. Since 2002 when the Indian aviation sector opened up, it has grown at a phenomenal 30%+ year on year and foreign pilots were the only solution. More than 800 …

The month of April has been bringing signs of a slowing down in the economic slow down. Industrial production, railways freight loading (indicative of raw materials for the core sector of steel, cement, mining), employment, stock markets and even inflation rates have moved back in to positive territory. While it a month does not make a trend, there is a …

Singapore Airlines will discontinue its thrice a week service to Hyderabad/Shamshabad and hand it over to its regional subsidiary SilkAir will will increase frequency to five a week service from June 15, using an Airbus A320 aircraft. The current schedule is :MI478 Departing Singapore 21.00 arriving Hyderabad 23.05 except Tue, ThuMI477 Departing Hyderabad 00.05 arriving Singapore 07.25 except Wed, Fri …

Interglobe Aviation promoted IndiGo airlines is on a high. Like it’s compatriot SpiceJet, it has been steadily growing using fine strokes to keep it’s costs low and constantly improve it’s value proposition to it’s customers. With 20 aircraft which constitutes about 6.5% of the total commercial airliner population of India, IndiGo’s has grown it’s market share to 13%, up 3% …

March continued the gloomy news for the domestic airline industry in India, with a decline. For the month of March 2009 domestic passenger count stood at 3.15 million down from 3.32 million in February and 3.31 million in January. Despite Kingfisher airlines continuing to be the largest domestic airline in India with almost 27% market share in March and 27.27% …

2008 was the year reality struck home in the Indian airline industry. One whiff of the downturn exposed the lack of robust business planning, and abundance of financial vulnerability of Indian carriers, leaving all of them battered and bruised, some more than others. We saw mass-scale defaulting on payments by carriers in India to everyone from airports to aircraft manufacturers. …

A JetLite flight to Bangalore was delayed by 45 minutes and boarding on several flights had to be suspended for 10 minutes on Sunday evening after a passenger Saptarishi Basu, complained that his laptop had gone missing from the security hold. Around 5 pm, Basu, who was to board the JetLite flight to Bangalore, went in for security check. On …

As a part of its growing offerings to woo business passengers, SpiceJet announced the launch of a breakfast menu available for sale on all flights that depart before 9.30 am. The single type continental breakfast tray is available at a discounted price of Rs 100 ($2) if it is pre-ordered at the time of booking the ticket. The same is …

SpiceJet announced reduction of up to Rs. 600 per ticket on its already low fares, for all bookings made for 30 or more days in advance, across all its 119 flights in the new summer schedule. The airline’s Chief Commercial Officer Samyukth Sridharan claimed the fares will be comparable to IInd AC train fares. Clearly SpiceJet is targeting the summer …

SpiceJet today announced its new schedule for summer 2009, effective March 29, 2009. Four new flights have been added to take the number of flights to 119 daily. In addition to the current Bangalore Ahmedabad (via Mumbai), a new direct flight connecting the two cities is added. Ahmedabad also gets a very convenient evening flight departing 18.35 to Mumbai and …

In my recent interview with SpiceJet CEO Sanjay Aggarwal, he highlighted some of the innovative cost cutting methods adopted at SpiceJet. These methods have won SpiceJet the coveted Institute of Cost and Works Accountants of India (ICWAI) award for Excellence in Cost Management. It is the only airline to win this award. A distinguished jury of eminent persons from industry, …

….. Continued from yesterday. Read the first part. FinancialsFor the third quarter ended December 31, 2008, SpiceJet declared a profit of Rs. 19.48 million. In today’s economic meltdown, any profit is welcome. The financial statements have an explanation for a one time charge of Rs. 187.82 million. The Company entered into a Memorandum of Settlement (MoS) on November 26, 2008 …

SpiceJet has been quietly adjusting to the global meltdown in the airline industry and focussing on its profitability. With gentle yet deliberate steps it has built back its financial strength, and is now poised to benefit from the consolidation wave sweeping the industry. Something, its full service counterparts like Air India, Jet Airways and Kingfisher Airlines are struggling to achieve. …

Jet Airways, Kingfisher Airlines and SpiceJet are the only three publicly listed airlines in India, and are required to release their quarterly results. Using the results of the third quarter which ended December 31, 2008, I compiled three graphs to analyse their expenses. Depreciation and interest is included as part of expenses and other income is included as part of …

SpiceJet has announced the return of its successful promotion scheme “Book for 2 pay for 1”. This scheme is valid for bookings made from March 4 to 6, 2009 and only for bookings made through the SpiceJet website. There are conditions attached to this scheme. SpiceJet in a bid to compete in the business segment with fellow low cost carrier …

Over the last year, IndiGo has been on a steady march, taking an increasing share of the Indian passenger market. While most of its competitors contracted during the torrid 2008, IndiGo and fellow value carrier SpiceJet, have gained in actual passenger numbers. The secret to IndiGo’s success ? Read this article “Fine Strokes” by Business Standard.

All airlines in India have been slashing their fares since January. The sheer numbers of special offers, and schemes coming across my desk have overwhelmed me. However, these appear to be coming to an end. Despite a drastic cut in fares of nearly 50 per cent for full service airlines and over 40 per cent on low cost carriers the …

SpiceJet on Monday said Mr Wilbur Ross has been appointed director on the board of the company, along with Mr Ranjeet Nabha, of the private equity firm led by the billionaire investor. “Mr Wilbur Ross and Mr Ranjeet Nabha of WL Ross & Co LLC have been appointed as directors on the board of the company with effect from January …

The Mint is reporting that GoAir recently started offering uniform fares, inclusive of surcharges and other taxes, for purchases made 21 days in advance. For short sectors, defined as less than 750 kms travel distance, the airline will charge Rs 1,700 a ticket and Rs 2,700 for distances greater than 750 kms. According to the company statement, in effect a …