“The promoters are committed to the airline and they are very much interested. We have a number of solid financial plans,” SpiceJet COO Sanjiv Kapoor said.
Daily Delhi-Mumbai, Mumbai-Bangalore & Delhi-Bangalore flights total less than 100 now. The travel industry is expecting a sharp jump in that number.
Some analysts reckon that spot fares are indeed expected to soften as SpiceJet will increasingly compete in this space in the coming days and months.
Key international carriers like British Airways and Lufthansa are also reporting an increase in occupancy in the business class cabins of their aircraft flying to India.
A top executive at the salt-to-software conglomerate said he expects the airline to undergo proving flights—usually the final stage before a flying license is given.
ICRA upgraded Jet Airways to BB or stable rating from ‘C’ which meant that the company was under the risk of defaulting on its loan payments.
Most of Air India’s pilots have quit to join IndiGo, which has been advertising lucrative salary offers to recruit pilots.
SpiceJet has desperately been looking for funds over the past one year and the market has been rife with names of potential investors.
Cox & Kings had on October 9 said its board has given approval for raising up to Rs 1,200 crore through a qualified institutional placement or quasi debt instruments.
Aktiengesellschaft, Vinci Construction, Incheon International Airport & MAH have expressed initial interest in upcoming Rs 3000 cr Goa airport.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon