Maran vs SpiceJet: Delhi HC upholds 2018 arbitral award against carrier
Delhi HC directs SpiceJet to pay ₹579 cr award, along with interest, to airline's former promoter Kalanithi Maran
budget airline
July 2023
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January 2018
SpiceJet announces pay cuts of 10% to 30%
In a bid to tide over the unprecedented crisis because of the Covid-19 pandemic, SpiceJet announced a company-wide pay cut. However, employees in the “lowest pay grades” would remain unaffected.
Jet Airways in search of a new flight path
Apart from the billions of dollars needed to resurrect the beleaguered airline, its re-entry into the low-cost carrier-dominated Indian aviation market is viewed with scepticism.
Domestic airline losses may widen to $1.9 bln
Rising oil prices and low fares are making carriers bleed, CAPA report says.
SpiceJet operates India’s first biofuel flight
SpiceJet plans to operate 25% of its flights using biofuel, most probably on short-haul routes, and the rest on traditional jet fuel.
IndiGo’s Q1 net profit falls 96.6%
The airline blamed a weak rupee, competitive fares, higher maintenance and fuel costs for the steep fall in net profit to Rs 27.8 crore from Rs 811 crore.
AirAsia: Tata Trusts’ Venkat denies charges
Venkataramanan said the accusations made by the CBI has its roots in the “baseless allegations made by Cyrus Mistry and the Shapoor Pallonji Group” against Tata Trusts Trustees and Tata Sons.
Air India: Stalled before take-off
IndiGo and Jet Airways have opted out of the race for Air India, but global interest in buying a stake in the debt-ridden national carrier might still help it fly out of turbulent weather.
SpiceJet’s net profit up 11% in March quarter
SpiceJet’s standalone profit for the whole financial year surged 32% from Rs 430 crore in FY17 to Rs 566.7 crore.
Fighting headwinds
A combination of strategy, luck, and government support helped Ajay Singh turn SpiceJet around. But is the budget carrier heading for another financial storm?
