SpiceJet posts record Rs. 559 crore loss in Q2 FY2014. Needs urgent capital infusion.

by Devesh Agarwal Gurgaon based low fare carrier SpiceJet Ltd., continued the record of disastrous performance in the Indian airline industry when it announced a record Rs. 559 crore loss for the second quarter, ended September 30, of the fiscal year 2013~2014. This compared to the Rs. 163.5 crore loss from the same quarter last…

Dubai International’s passenger traffic up 13.1 per cent in September

By BA Staff Courtesy of Wikipedia Passenger traffic at Dubai International, the world’s second busiest airport for international passengers, rose 13.1 per cent in September, according to the latest traffic statistics issued yesterday by operator Dubai Airports. Passenger traffic in September totaled 5,407,326, an increase of 13.1 per cent compared to 4,780,394 during the corresponding…

SpiceJet announces Madurai-Dubai service

By BA Staff SpiceJet will begin a daily direct flight between Madurai and Dubai from November 22nd, 2013 utilising an all economy class 189 seat Boeing 737-800. Booking of tickets on this route is now open. Flight SG023 will depart Madurai 23:35 and arrive Dubai 02:20 the next morning. The return flight SG024 will depart…

SpiceJet to launch Bangalore – Bangkok flights

by Devesh Agarwal Delhi based low fare carrier SpiceJet will commence international flights from Bangalore on October 28. The first destination is Bangkok with four flights per week. The carrier will be the only Indian carrier to service this route. As per the SpiceJet website on which tickets which are available for purchase, the schedule…

Analysis: SpiceJet to launch Delhi-Macau

by Vinay Bhaskara A report in the Macau Business Daily states that Gurgaon based low cost carrier (LCC) SpiceJet is planning on launching nonstop flights between Delhi and Macau. SpiceJet has already won approval from the Indian government to launch Delhi-Macau, likely using Boeing 737 equipment. But it has not yet filed for approval from…

New Boeing 737-800s of SpiceJet and Jet Airways delivered

by Devesh Agarwal US airplane manufacturer Boeing has delivered to two Indian airlines, SpiceJet and Jet Airways, their newest 737-800NG aircraft. Last Thursday, VT-SZH of SpiceJet, L/N 4573 C/N 41261 B737-86N departed Boeing Field International airport for India via Gander, Newfoundland, Canada. The aircraft has already landed in New Delhi and completing its customs and…

SpiceJet to commence Pune Sharjah flights

by Vinay Bhaskara New Delhi-based low fare carrier SpiceJet, is launching direct flights between Pune and Sharjah from September 21, 2013. The airline will deploy its Boeing 737-800 which seats 189 passengers in a single class configuration. SG051 departs Pune 22:30 on Mondays, Wednesday, Thursday, Saturdays and arrives Sharjah 00:25+1SG052 departs Sharjah 01:25 on Tuesdays,…

SpiceJet to commence Ahmedabad to Muscat service

Low cost carrier, SpiceJet, will commence a thrice a week service on the Muscat-Ahmedabad route from August 29, 2013. The airline will deploy its 189 seat Boeing 737-800 New Generation aircraft. Muscat, the capital of Oman, will be the ninth international destination to be served by SpiceJet. The airline is offering an introductory fare of…

Spicejet CEO Neil Mills resigns for personal reasons

India’s only publicly listed low fare carrier, SpiceJet Ltd., faced turbulence in the stock market after newspapers reported the resignation of its Chief Executive Officer Neil Mills. The stock price of the Kalanithi Maran controlled airline fell as low as Rs. 26.50, its lowest price since June 27. Mills joined the airline in October 2010…