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Now, govt comes to SpiceJet's rescue
Business Standard India

Aviation Ministry pushes banks for SpiceJet bailout; asks to l...

MUMBAI, NEW DELHI: The civil aviation ministry pushed for a bailout of SpiceJet on Tuesday, calling on banks to give the carrier up to Rs 600 crore in working capital loans and help it tide over the crisis until the airline can tie up long-term ... Economic Times, 1 month ago
Cheer for airlines: Jet fuel prices cut 12.5% Smart Investor, 3 weeks ago
The Financial Chronicle

M Sathiyavathy is new DGCA

The Centre has appointed M Sathiyavathy as the director-general of civil aviation. She replaces Prabhat Kumar, who has been removed from the post within a year of his appointment. Currently, Sathiyavathy is additional secretary and financial ...
 Smart Investor3 weeks ago Prabhat Kumar shunted out as air watchdog  The Financial Chronicle3 weeks ago SpiceJet asked to present a convincing schedule: DGCA  Financial Chronicle1 month ago
Times of India

SpiceJet takes off again, may get a white knight

Cash-strapped low-cost carrier SpiceJet on Thursday resumed operations in full force and assured the aviation authorities that it would see cash infusion over the next few weeks. SpiceJet officials along with former company director Ajay Singh met civil ...
 The Financial Chronicle1 month ago Thousands stranded as SpiceJet scraps many flights  Times of India1 month ago SPICEJET : Thousands stranded as SpiceJet scraps many flights  4 Traders1 month ago Thousands flyers stranded as SpiceJet scraps many flights  Economic Times1 month ago

Aviation industry grows but bleeding airlines on the verge of collapse

This single stat sums up the state of India's aviation sector: of the seven domestic airlines operating in this country, only one Indigo is profitable. Worse, two others, Air India and SpiceJet, are in the sick bay the former kept alive by ...
 Hindustan Times1 month ago

New rules may let domestic carriers fly abroad

NEW DELHI:The civil aviation ministry is looking to scrap restrictions on Indian carriers that want to start overseas services, a move that will benefit new entrants such as Tata-SIA joint venture Vistara but may displease existing airlines IndiGo, ...
 Economic Times2 months ago AirAsia to fly from Delhi soon  Rediff.com2 months ago

Is aviation regulator DGCA being harsh on SpiceJet?

CAPA forecasts no-frill airline's losses for third and fourth quarters to widen, ups funding need estimate to $300-350 million from earlier $250million Even as troubled budget carrier SpiceJet is sinking, there's a strong feeling in the ...
 DNA India1 month ago

ATF price cut to help airlines save big

With state-owned marketing companies reducing the prices of aviation turbine fuel (ATF) to Rs 59,943 a kilolitre from December 1 - 4.1 per cent lower than the previous month - domestic airlines' fuel bill in the second half of 2014-15 is estimated ...
 Business Standard India1 month ago
Financial Express

Experts welcome SpiceJet ownership handover

The decision of SpiceJet promoters Kalanidhi Maran and KAL Airways to handover the airline's ownership to Ajay Singh on Thursday was cheered by experts, who described the move as a welcome development. "It's a welcome development. Failure of an airline with ...
 Deccan Herald1 week ago Crew change at SpiceJet; Marans give control to co-founder Ajay Singh  Financial Express1 week ago
Mumbai Mirror

Ajay Singh back in the cockpit, hope soars

Sources said he will not shunt out SpiceJet's existing management and will work closely with them to revive the sagging airline. With 100 pilots having resigned from Spicejet in recent days, original co-promoter Ajay Singh, who will soon get the ...
 Mumbai Mirror1 week ago

Jet Airways gives additional guarantee

Banks and financial institutions seem to be over cautious in demanding stronger collaterals from airlines in the wake of the grounding of Kingfisher Airlines and financial troubles hitting SpiceJet. Jet Airways chairman Naresh Goyal has given non-disposable ...
 The Financial Chronicle1 week ago
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