Mon, Jan 29, 2024
The company said that it will now focus on the upgradation of its fleet and cost-cutting measures, as the no-frills airline works on ways to come out of turbulent times.
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Sat, Jan 27, 2024
The airline's board approved the allotment of 5.55 crore equity shares on a preferential basis to 54 subscribers, according to a release dated January 25.
Fri, Jan 19, 2024
The Ministry of Civil Aviation announced that it has notified the Ayodhya Airport as an international airport. It said, "It is hereby notified that Ayodhya Airport in Uttar Pradesh is declared as an International Airport and named as “Maharishi Valmiki International Airport, Ayodhyadham”, with immediate effect."
Sun, Jun 12, 2016
The government was open to "light handholding" should any airline face financial crunch, he said answering questions during an interview to PTI in New Delhi.
Thu, Jun 02, 2016
The promotional fare will be applicable on tickets booked between June 2-6 for travel between June 25 and September 30, the airline said in a release.
Wed, Jun 01, 2016
Since mid-May, airlines such as Air India, Indigo, GoAir, Spicejet and AirAsia India have come out with dirt cheap tickets despite the peak holiday season.
Aviation sector in India has been on the upswing for the past one year largely due to fall in global crude oil prices.
Mon, May 30, 2016
Brazil reported a decline in their domestic passenger traffic at -12.1%.
Sat, May 21, 2016
Low-cost budget carrier SpiceJet posted its highest-ever annual profit last fiscal. This is an improvement of Rs 1,094 in one year. The airline even posted profits for the fifth consecutive quarter. How did SpiceJet achieve this?
The tickets under the 'Super Sale Offer' can be booked between May 21 and May 25 for a travel period between July and September 30, Air India said.
Fri, May 20, 2016
Vistara reported a market share of 2.3%, followed by AirAsia India (2.1), Air Costa (0.8), Trujet (0.4) and Air Pegasus (0.3).
According to an analyst who wished not be quoted as it is against his company's policy, the Spicejet stocks went down as there were high expectations from the company's March-ended quarter. He said, "The fall in oil prices was supposed to increase the profits further and that has disappointed the markets."
Thu, May 19, 2016
Aircraft lease rentals which forms another major cost element during Q4, 2015-16 increased by 114.42%.
Tue, May 17, 2016
Aviation ministry likely to abandon "5/20 rule" which states that 20 airplanes for 5 years to the service. Watch complete news story of First Trade and stay updated with the latest trends and statistics in the stock market, commodity market and share market!
The three-day sale will open at midnight on Tuesday will be open till May 19, 2016 midnight.
Tue, May 03, 2016
Minister of State for Civil Aviation Mahesh Sharma said the government is working on strengthening regional air connectivity
Wed, Apr 20, 2016
The CCI had ordered imposition of the penalty on the airline in the case of alleged cartelisation in relation to cargo fuel surcharge
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