SpiceJet underwent a major management reshuffle last year after Sanjiv Kapoor was brought in as chief operating officer and given a free hand.
Singh and other investors plans to put in Rs 1,500 crore in three tranches into the airline. The first is likely to come in a day or two, Kapoor wrote.
Sale and leaseback — wherein an airline sells its plane to a lessor at a premium and leases it back — is a common strategy adopted by airlines to acquire aircraft.
To begin with, Engler said, the government should work on giving clearer guidelines to the Airports Economic Regulatory Authority (AERA).
SpiceJet has announced its latest flash sale of air tickets for Rs 599 on domestic routes and Rs 3,499 for international flights.
Jet announced triple its normal free miles under the JPMiles programme on biz class and double the base JPMiles on economy class till March 31.
The Gulf airport recently overtook London's Heathrow to become the busiest in the world handling 70.48 million passengers in 2014.
“We are likely to post a net profit of about Rs 100 crore on revenue of Rs 2,600 crore,” Shyam Sundar said at an event in Mumbai.
The fuel is costliest in India, because of various state taxes levied on it. ATF prices fell 11% Friday, February 1 to Rs 46,513 per kilolitre at Delhi.
Singapore Airlines (SIA) today said it will introduce a new cabin class -- premium economy -- on its flights to Delhi and Mumbai from coming October.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon