Afghanistan Worried About Safety of Its Airspace After Ukraine Crash
As flying over conflict zones comes under scrutiny following the downing of Malaysian Airlines Flight MH17 in Ukraine, Afghanistan, one of the worlds most dangerous places, is worried airlines might once again opt to avoid its airspace.
Custom officials seize gold bars worth Rs 90 lakh from SpiceJet aircraft
Custom officials seize gold bars worth Rs 90 lakh from SpiceJet aircraft. Feb 10, 2015 15:45 IST. #Customs #gold bars #Hyderabad #kanuur #SpiceJet. Tweet. Facebook Share. 0. Google + Share 0. Email. Print this Article. Kochi: Customs officials have.
SpiceJet offers tickets cheaper than train, 100000 seats for fares starting.
Low-cost carrier SpiceJet has launched another discount offer with fares starting at Rs 599 (all inclusive) for domestic flights and Rs 3,499 for international flights. As many as 400,000 seats are being offered, of which 100,000 are for Rs 599, a.
SpiceJet announces flash sale, tickets starting from Rs. 599
Budget carrier SpiceJet is currently offering flash sale, giving deep discount to people who are planning to travel during the second half of this year. In its fourth sale in less than a month, tickets for SpiceJets domestic flight starts at Rs. 599.
Domestic flight fares slashed down to Rs 599
Mumbai: Budget carrier, SpiceJet is in a full spree of continuing its low-fare war with its new scheme titled, cheaper than train fares sale. SpiceJet has slashed down domestic fares to Rs 599 and International flights start at Rs 3,499. The newly.
SpiceJet offers tickets at Rs 599 in discount sale
SpiceJet has launched a three day discount sale offering one lakh tickets at Rs 599 only. Four lakh discount tickets have been put on sale, which runs till Friday. Discounted tickets are valid for travel from July 1-October 24, 2015. Under this offer.
Boeing customer Spicejet struggles to survive | Business.
After the cash-strapped carrier cut its fleet, canceled nearly 2,000 domestic flights and missed salary payments this month, Indias aviation authority ordered SpiceJet to stop taking bookings more than a month in advance.
SpiceJet rescue is no fix for India aviation woes
SpiceJets woes are all too familiar. India is cajoling banks to lend to the countrys second largest single-brand carrier when the debt-ridden airline needs more equity. The governments hope is to save jobs and prevent a��.
SpiceJet offers tickets cheaper than train fares
NEW DELHI: Flying is now cheaper than chugging along. Low cost carrier SpiceJet on Wednesday launched all-inclusive fares starting from Rs 599 and Rs 3,499 for domestic and international flights, respectively. The LCC is offering four lakh tickets.
SpiceJet Continues Fare War, Announces Another Flash Sale
So here is an offer that makes immediate travel affordable and allows you to make that last minute dash, said SpiceJet chief commercial officer Kaneswaran Avili. Domestic carriers have announced a series of discounted��.
TODAY IN BUSINESS
ECONOMIC GLOOM Ben S. Bernanke, the Federal Reserve chairman, offered a bleak assessment of the economy, while President Bush urged Americans not to lose faith. A debate about a second package of stimulus measures that has percolated in Washington for weeks has taken on a new urgency in recent days. [C1.]
SpiceJet to launch flights to Hubli from next month
New Delhi: No-frills airline SpiceJet on February 10 said it will resume from next month its flight services to Hubli in Karnataka, which it had suspended in the end of second quarter of the current fiscal due to the runway maintenance work. The.
Boeing in Talks With India Airlines on 737 MAX Jet
Boeing Co is in talks with Indias Jet Airways about the sale of 737 MAX jets, a Boeing executive said on Thursday, while two other people familiar with the matter said the company had secured the $5 billion deal.
Not Asked to Refund Bookings: SpiceJet - NDTVProfit.com
New Delhi: Budget carrier SpiceJet on Saturday refuted reports that it has been asked by the regulator DGCA to refund bookings made beyond 30 days. This is absolutely incorrect and is causing a lot of confusion amongst��.
Delhi HC reserves order on plea to ground 5 leased Spicejet planes
DGCA on January 9 wrote to Spicejet asking it to return the CoR as well as deactivate the transponder mode S codes of the five aircraft, but till date the airline has not returned the certificate nor deactivated the transponder codes as it was still.
SpiceJet joins low-fare race - IBNLive
Budget carrier SpiceJet on Wednesday joined the low-fare race in the domestic market putting on the block half-a-million seats with ticket prices starting at Rs 1499, days after the government gave a go-ahead to its revival��.
SpiceJet offers discount scheme starting Rs 1,899 - IBNLive
Budget passenger carrier SpiceJet on Saturday launched its special sales offer of one-way booking fares starting at Rs 1899 all inclusive.
Jet Airways, IndiGo Announce Discount Offers to Take on SpiceJet
Fare war in Indian skies has gone intense with airlines frequently introducing new offers. Following budget-carrier SpiceJets cheaper than train fare sale on Wednesday, others airlines too introduced new offers to woo in travelers. While IndiGo.
SpiceJet makes low fare offer for immediate travel
SpiceJet has announced the launch of a new low fare offer for immediate travel with one-way booking fares starting Rs. 1,899 all-inclusive. ���This is a rare offer for immediate travel and the travel period is from February 7 to February 28, 2015.
Another flash sale by budget carrier SpiceJet
NEW DELHI: Budget carrier SpiceJet today continued the low-fare war, announcing another flash sale with an-all inclusive one-way fares starting as low as Rs 1,899 for two days. The bookings under the offer #FebHurry starts today, the airline said in.
Discount Carriers Where You Least Expect Them
Once common only in Europe, low-cost carriers are rapidly emerging in Asia, Latin America and the Middle East.
SpiceJet future now looks secure, says Chief Operating Officer Sanjiv Kapoor
NEW DELHI: Emphasising that its future now looks secure with a restructuring process underway, SpiceJets top executive Sanjiv Kapoor said the difficult period created by some legacy issues are over for the carrier. Amid the no-frills carrier facing.
Ross Bets on Airline and Oil Prices
Wilbur Rosss latest deal, an $80 million investment in the flailing Indian airline SpiceJet, announced on Tuesday, is hardly earth-shaking, but the idea behind it is typically contrarian.. Wilbur Rosss latest deal, an $80 million investment in the flailing Indian airline SpiceJet, announced on Tuesday, is hardly earth-shaking, but the idea behind it is typically contrarian. Mr. Ross has decided that high oil prices have hit bubble territory, a bubble that should pop in the next 12 months. Were looking at everything that [.]
Exclusive: Singapore Airlines-TATA Indian Joint Venture Orders Airbus A320s-Sources
Singapore Airlines has picked Airbuss A320 aircraft over Boeings 737 for the launch of its Indian airline joint venture with Tata Sons, sources familiar with the decision said.
Co-founder Of Indias SpiceJet Seeks Time To Finalize.
NEW DELHI (Reuters) - A co-founder of troubled Indian carrier SpiceJet Ltd has asked for more time to finalize a rescue plan, a government official with direct knowledge of the matter said on Monday. Ajay Singh, who helped��.
SpiceJet May Consider Layoffs Ahead of Proposed Investment
Beleaguered budget carrier SpiceJet may consider retrenching a section of its around 5000 employees ahead of the proposed fund infusion by the potential investors in the company.
Cash-strapped Indian airline SpiceJet grounded | Business.
No SpiceJet flights had taken off Wednesday and passengers were making arrangements to shift to other airlines, a Delhi airport official said speaking on condition of anonymity because he was not authorized to speak to the��.
India Finds Corruption in Fast-Growing Aviation Industry
More than a dozen commercial pilots have lost their licenses and a top airline safety official has been suspended after a government investigation uncovered widespread fraud.
SpiceJet Seeks Government Help to Run Operations.
SpiceJet, Indias second biggest budget carrier, has sought the governments help in running flight operations. The aviation ministry would forward the request to the Prime Ministers Office and the Finance Ministry, sources��.
SpiceJet Orders Boeing Jets Worth Over £2.4 Billion-Sources
Indian budget airline SpiceJet has agreed to buy around 40 Boeing 737 passenger jets worth over $4 billion (£2.43 billion) at list prices as it seeks to modernize its fleet and climb out of the red, industry sources said on Tuesday.
Exclusive: SpiceJet Orders 40 Boeing Jets Worth $4 Billion: Sources
Indian budget airline SpiceJet has agreed to buy about 40 Boeing 737 jets worth over $4 billion at list prices, industry sources said, a move that could help the loss-making carrier as it seeks new investors.
Power Outage at Delhi Airport Affects Flights
. Radar was disrupted, and some travelers reported delays.
TODAY IN BUSINESS
HIGHER YIELDS TO HIT HOMEOWNERS The fallout from the increasing yields on the 10-year Treasury note -- a benchmark that influences many long-term interest rates, including home mortgages -- is likely to be widespread, and felt most immediately by homeowners and people looking to purchase a house. [Page A1.] MORTGAGE PROBLEMS PERSIST Delinquencies and foreclosures among homeowners with weak credit moved higher in the first quarter, but an industry report suggested that the problems have not extended into the larger pool of borrowers with stronger credit. [C1.] A TOLL ON WALL STREET The meltdown in the subprime housing market may be taking a toll on Wall Street firms. Goldman Sachs reported that profits were flat from a year ago, due to a weak mortgage market. And Bear Stearns reported a 10 percent drop in net income, excluding a one-time charge, also largely a result of the tepid mortgage market. [C7.] HANDOUTS FOR THE SUCCESSFUL A golf resort on the windy coast of Oregon benefits from a variety of state and local subsidies, the kind of indirect favors that influence the flow of money from the public to private interests and often serve to reinforce benefits for those who are already successful. [C1.] TAXES ON PUBLIC HEDGE FUNDS Two senators introduced legislation that could significantly increase taxes on publicly traded private equity firms and hedge funds, a move that could dampen interest as the Blackstone Group, the giant private equity firm, continues marketing its initial public offering to potential investors. [C1.] BOOM FOR VENEZUELAN BANKS President Hugo Chávez repeatedly vows to do away with capitalism in Venezuela. But it turns out that Mr. Chávezs economic policies have been generating a boom for those most capitalist of institutions -- Venezuelas banks. [C1.] THOMAS THE TANK ENGINE RECALL The toy maker RC2 Corporation pulled a number of its Thomas & Friends trains and accessory parts off the shelves after learning the red and yellow paint used to decorate more than 1.5 million of the toys contained lead. [C3.] PRICE INCREASES ARE MODERATED A double-digit jump in gasoline prices pushed up inflation at the wholesale level in May, but tame increases for most other goods suggested that price increases were largely contained and businesses would not react by raising prices. [C2.] DEMOCRATS PUT OFF ENERGY BILL Senate Democrats, facing their first significant battle over a wide-ranging bill aimed at reducing oil consumption, found themselves blocked by a Republican threat of a filibuster, and postponed all significant votes until next week. [A23.] LENDERS TIES TO UNIVERSITIES Gifts and payoffs to universities and their officials by student lenders were far more pervasive than has been disclosed, and in some cases were demanded by university officials themselves in exchange for promoting lenders to students, according to a Senate report on the student loan industry. [A21.] CHINESE AUTOMAKER IN MEXICO A small Chinese automaker and its New Jersey partner are negotiating with Mexican officials to import Chinese-made pickup trucks and sport utility vehicles, the first step toward building an assembly plant in Tijuana that could export vehicles to the United States. [C9.] TALKS TO BUY INDIAN AIRLINE An Indian tycoon, Vijay Mallya, is in talks to acquire a stake in SpiceJet, a publicly traded Indian airline backed by a Dubai investment fund and a group of investment banks. Mr. Mallya, left, is chairman of the UB Group, an airline and liquor conglomerate, and he also owns Kingfisher Airlines. Acquisition of SpiceJet would likely speed up consolidation in the money-losing Indian airline business. [C9.] HOT STOCK MARKETS IN INDIA Indias stock markets are on a roll, surpassing even the rosiest forecasts, in part because of a young, wealthy, expanding middle class banking on Indias aggressive corporate growth. [C4.] ROBOT CARS LATEST MODEL The team of Stanford University engineers that won $2 million in a Pentagon-sponsored robot car contest in 2005 unveiled its next-generation vehicle, which will maneuver in traffic without a human driver. [C3.] S.E.C. CHARGES LAWYERS The Securities and Exchange Commission filed a civil suit against two lawyers, one a former enforcement lawyer for the commission, charging that they had played important roles in a penny stock fraud that cost investors at least $160,000 in 2005. [C5.] CONDENSED ADS Honda will be the sole sponsor of what Sony Pictures Television is calling the Minisode Network on MySpace, which will show vintage television series edited down to 4 to 6 minutes. To mirror the pared-down programming, Honda will run only eight seconds of commercials with each episode. Advertising: Stuart Elliott. [C5.] PENSION PROMISES COME DUE IN N.J. New Jerseys history of granting state workers generous retirement benefits, combined with years of skipping payments into the system, have undermined the states ability to meet its pension obligations. [A1.] HIRING FROM A BIGGER POOL The Center for Venture Education in Palo Alto, Calif., is trying to improve the record of technology investors in integrating African-Americans, Hispanics and particularly minority women into their ranks. V.C. Nation. [C4.] DRUG MAKERS PROBATION ENDS A two-year probation for Bristol-Myers Squibb ends today, freeing the company from federal supervision after a major accounting scandal and other misconduct. [C7.]
Exclusive: Singapore Airlines-Tata Indian Jv Orders Airbus A320s-Sources
Singapore Airlines has chosen Airbuss A320 to launch its new Indian joint venture with Tata Sons, scoring a victory over rival Boeing as the airline market Asias third biggest economy shows signs of a revival.
Forbes India Magazine - How Kalanithi Maran lost SpiceJet
hanging hands one more time, SpiceJet has earned a place in Indian corporate history. Though the story is still being scripted, the first few chapters could well prompt best-selling business fiction. In the 21 years since it flew in��.
SpiceJet Almost Regular With Payments: Aircraft Leasing Firm
As a financial crunch continues to trouble SpiceJet, aircraft leasing firm BOC Aviation said on Friday that the low-cost carrier is almost regular with its payments.
Wind Power I.P.O. Lures Big Names
The investor, Wilbur L. Ross, is one of four cornerstone investors in the initial public offer of China Longyuan Power Group, the largest wind power generator in Asia.
Cheaper than train fare! SpiceJet offers tickets at Rs 599
Trouble-ridden SpiceJet is trying its best to woo customers and grab a pie of the sky, after its management changed hands. The low-cost airline has launched another discount scheme, this time, promising to offer tickets at a rate cheaper than trains.
China Longyuan I.P.O. Attracts Billionaire Investor
An American billionaire investor, Wilbur L. Ross, plans to buy shares of China Longyuan Power Group, the largest wind power generator in Asia, which aims to raise up to $2.2 billion from its Hong Kong initial public offering, according to a preliminary prospectus.. An American billionaire investor, Wilbur L. Ross, plans to buy shares of China Longyuan Power Group, the largest wind power generator in Asia, which aims to raise up to $2.2 billion from its Hong Kong initial public offering, according to a preliminary prospectus.
For His Next Act, Indian Tycoon Considers Buying Airline Stake
An Indian tycoon, Vijay Mallya, is pursuing another takeover deal, soon after buying a stake in a rival airline, as well as a Scottish liquor company.. An Indian tycoon, Vijay Mallya, is pursuing another takeover deal, soon after buying a stake in a rival airline, as well as a Scottish liquor company. Mr. Mallya, chairman of the UB Group, an airline and liquor conglomerate, is in talks to acquire a stake in SpiceJet, a publicly traded Indian airline backed by a [.]
Indian Regulator Cites Safety Violations and Financial Ills of Airlines
Many of India’s airlines are rife with safety violations, including shortages of pilots and engines, according to an unreleased report by the industry’s top regulator.. Many of India’s airlines are rife with safety violations, including shortages of pilots and engines, according to an unreleased report by the industry’s top regulator; analysts say the countrys airline industry is nearing a crisis after rapid growth.
Exclusive: Singapore Airlines-Tata Indian Jv Orders Airbus A320s-Sources
Singapore Airlines has chosen Airbuss A320 to launch its new Indian joint venture with Tata Sons, scoring a victory over rival Boeing as the airline market in Asias third biggest economy shows signs of a revival.
SpiceJet Announces Special Offer for Valentines Day; One.
The scheme is available on all domestic routes and onward flights on SpiceJet network on first-come-first-serve basis.
No Bank Wants to Lend to Us: SpiceJet - NDTVProfit.com
The aviation ministry had said it may request Indian banks and financial institutions to extend loans of upto Rs 600 crore to the airline -- backed by the personal guarantee of SpiceJet chairman Mr Maran.
After Etihad Deal, Indias Airlines May Attract More Foreign Interest
. India’s cash-strapped airlines, including SpiceJet and Indigo, might attract investors.
Seeing Oil Bubble, a Contrarian Bets on an Indian Airline
By investing $80 million in the flailing Indian airline SpiceJet, Wilbur L. Ross Jr. is betting that high oil prices have hit bubble territory, a bubble that should pop in the next 12 months.
Indian Tycoon Considers Buying Airline Stake
Vijay Mallya is pursuing another takeover deal, soon after buying a stake in a rival airline, as well as a Scottish liquor company.
Maran brothers SpiceJet on the brink of collapse, change of.
New Delhi: Beleaguered SpiceJet could see a change of guard if Indian and foreign investors, who are now carrying out due diligence of the cash-strapped airline, are convinced about investing over Rs 1,200 crore and��.
SpiceJet plans to raise Rs 1,500 crore; Marans exit Board.
New Delhi, Jan 30: Low cost carrier SpiceJet, which is going through an ownership change, plans to raise Rs 1,500 crore by way of issuing securities and allotting non-convertible preference shares to Marans, its promoters,��.
Custom officials seize gold bars worth Rs 90 lk from SpiceJet aircraft
Custom officials seize gold bars worth Rs 90 lk from SpiceJet aircraft. Feb 10, 2015 20:20 IST. #Customs #gold bars #Hyderabad #kanuur #SpiceJet. Tweet. Facebook Share. 0. Google + Share 0. Email. Print this Article. Kochi: Customs officials have.
SpiceJet launches Cheaper Than Train Fares sale, price starts at Rs 599
SpiceJet on Wednesday announced the launch of the Cheaper Than Train Fares sale with one-way fares starting at just Rs. 599 all-inclusive for domestic flights. This offer is also available for international flights (except Colombo, Kabul and .
SpiceJet Ups Ante with Cheaper Than Train Fares at Rs. 599
SpiceJets cheaper-than-train-fares sale, announced on Wednesday, promises to add fuel to fire in the ongoing air fare war in the domestic airline industry. The budget carrier is selling one-way air tickets for as low as Rs. 599 (all-inclusive.