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basheer1211 · Member Joined: 28 Dec 2012 Posts: 271 Location: India

SpiceJet pips IndiGo to win punctuality race

abhijith16 · Posted: Thu Apr 24, 2014 10:07 pm Post subject:

SG has axed LKO-SHJ from the start of the Summer schedule.
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ameya · Posted: Thu Apr 24, 2014 11:43 pm Post subject:

basheer1211 · Member Joined: 28 Dec 2012 Posts: 271 Location: India

Your time is of utmost importance to us, which is why we go the distance to ensure that we are always on time. And starting this Tuesday, 6th May, 2014, we are going one step further. Introducing On-Time Guarantee, our promise that we will fly you to your destination on time, because we know how a delayed flight can affect your travel plans.

This guarantee entitles you to a voucher worth Rs. 500 if your flight is delayed between 60 – 119 minutes and a Rs. 1000 voucher for a delay beyond 120 minutes.

shivendrashukla · Posted: Tue May 06, 2014 7:02 am Post subject:

The catch is that this voucher is valid only when the delay is due to SpiceJet's fault. Weather and congestion is not included. Wonder if an aircraft going tech is included? When that happens, FCC usually gives out food coupons or if the flight is a long one, put up in hotels.

Nimish · Posted: Wed May 07, 2014 10:33 am Post subject:

A guarantee like this is a great move from SG - will help enhance their perception amongst business travelers. Now only if they could do something about their abysmal frequencies - which is the other thing business travelers really care about.
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We miss you Nalini!

747-237 · Posted: Wed May 07, 2014 4:01 pm Post subject:

HAWK21M · Posted: Fri May 09, 2014 2:55 pm Post subject:

All these guarantees will have a small * fine print too Smile

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Think of the Brighter side !!!

747-237 · Posted: Sat May 17, 2014 4:54 pm Post subject:

SpiceJet reports biggest ever loss of Rs1,003 crore in 2013-14

SpiceJet blamed the loss on the weak rupee and slower economic growth

http://www.livemint.com/Companies/jO3YfinaN7gUcOwEfh40aJ/SpiceJet-reports-biggest-ever-loss-of-Rs1003-crore-in-2013.html

abhijith16 · Posted: Sat May 17, 2014 7:09 pm Post subject:

HAWK21M · Posted: Sun May 18, 2014 1:54 pm Post subject:

Spice is in trouble times......this has been the trend from last few yrs now.
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Think of the Brighter side !!!

Nimish · Posted: Mon May 19, 2014 4:21 am Post subject:

sri_bom · Member Joined: 22 Dec 2006 Posts: 2365 Location: Singapore

SpiceJet auditor S R Batliboi and Associates stated (18-May-2014) the carrier reported its highest ever annual loss in FY2013/2014, stating the results "indicate the existence of a material uncertainty regarding the company's ability to continue as a going concern". The airline said: "The year ended March 31, 2014, was perhaps the most challenging period in Indian aviation history. The sharp depreciation of the Rupee during the quarter ended September 30, 2013, was unprecedented. Given the fact that over 75% of any Indian airline's cost is influenced by $, the effects of the exchange rates on a broad spectrum of cost heads were crippling." It added, "Market stimulation also resulted in SpiceJet gaining market share in March 2014 relative to previous month, despite 2% capacity reduction. SpiceJet expects the macroeconomic environment to significantly improve and demand to grow in FY 2014-15. SpiceJet is well into the process of executing on a re-structuring and transformation plan to position it well as market conditions improve, and to take on the challenge of new entrants that are expected to enter the market".

Nimish · Posted: Tue May 20, 2014 3:01 am Post subject:

With the DMK being wiped out during the recent LS elections - I suspect that will further impact SG's ability to get bailouts from any source. The only option would be a stake sale (like 9W) - but I don't know who's looking to pump in money in Indian aviation.
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We miss you Nalini!

747-237 · Posted: Tue May 20, 2014 9:11 pm Post subject:

http://www.livemint.com/Companies/9lSLPSnXp6lh5zHwg1hAYJ/SpiceJet-says-in-advanced-talks-to-get-funding-shares-rise.html

SpiceJet says in advanced talks to fund expansion, pare debt

May 20 2014

SpiceJet Ltd is in advanced negotiations with an overseas investor for a possible infusion of capital to help fund its expansion plans and pare debt.

“We are in very advanced stages of a capital infusion discussion with an external entity that when completed will help us clean up our arrears and rebuild with confidence,” a SpiceJet spokesperson said.

SpiceJet also said in Tuesday’s statement that it would be “going after cost optimization on a war footing now”, without giving details.

basheer1211 · Member Joined: 28 Dec 2012 Posts: 271 Location: India

SpiceJet to launch services to Hong Kong and Dhaka

Nimish · Posted: Thu May 22, 2014 2:59 pm Post subject:

HKG and DAC might be good bets overall, but SG still needs funds to keep going in the interim. If they are unable to get a new investor pronto, I fear about their existence!
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We miss you Nalini!

747-237 · Posted: Fri May 23, 2014 2:00 am Post subject:

http://www.livemint.com/Companies/tf3r2655lBFLNRCgNlVGyO/Qatar-Airways-may-invest-in-SpiceJet.html

Qatar Airways may invest in SpiceJet

May 23 2014

West Asian airline Qatar Airways is likely to invest in India’s second largest low fare airline by passengers carried SpiceJet Ltd by purchasing its parking slots overseas, the Press Trust of India reported on Thursday.

The news agency said the state-run Qatar Investment Promotion Authority are likely to meet the top brass of SpiceJet shortly, citing unnamed sources.

“A team of officials from Qatar Investment Promotion Authority is scheduled to meet the SpiceJet management in a day or two to discuss investment plans of Qatar Airlines,” PTI reported.

Nimish · Posted: Fri May 23, 2014 6:00 am Post subject:

This would be a change in strategy for QR - who has avoided any investments so far. Why would they want to do something like this? Or is this just SG drumming up some news so their stock valuations can increase for a few days Twisted Evil

?
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We miss you Nalini!

Spiderguy252 · Posted: Fri May 23, 2014 10:58 am Post subject:

747-237 · Posted: Fri May 23, 2014 4:52 pm Post subject:

SpiceJet have added a new 737-800 to the fleet today, as VT-SZK “Red Chili”.

me111993 · Member Joined: 04 Sep 2009 Posts: 3225 Location: MAA/AMD

747-237 · Posted: Fri May 23, 2014 6:02 pm Post subject:

me111993 · Member Joined: 04 Sep 2009 Posts: 3225 Location: MAA/AMD

^ whatever you wanna call this

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Causal Determinism : We are hardwired to need answers. The Caveman who heard a rustle in the bushes and checked out to see what it was, lived longer than the guy, who assumed it was just a breeze.

- Greg House

747-237 · Posted: Fri May 23, 2014 9:06 pm Post subject:

Or not.

SpiceJet says not selling slots to Qatar Airways

http://timesofindia.indiatimes.com/business/india-business/SpiceJet-says-not-selling-slots-to-Qatar-Airways/articleshow/35524862.cms

747-237 · Posted: Fri May 23, 2014 9:16 pm Post subject:

SpiceJet is working on introducing premium economy seats across its fleet of 37 Boeing 737s within the next few days. The airline is removing three seats from each of its aircraft to accommodate five rows of seats with extra leg-room.

SpiceJet has also tied-up with TajSats and Cafe Coffee Day to introduce an all new food and beverage menu to enhance its in-flight experience.

These initiatives, along with its redesigned route network, SpiceJet feels, would help draw in corporate customers.

http://www.business-standard.com/article/companies/don-t-think-there-is-room-for-two-indigos-spicejet-114052301212_1.html

iah87 · Member Joined: 17 Apr 2007 Posts: 2566

Nimish · Posted: Mon May 26, 2014 8:55 am Post subject:

Introducing better seating for business travelers is a great move - good luck to SG - hope it gets them better business traffic.
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We miss you Nalini!

sri_bom · Member Joined: 22 Dec 2006 Posts: 2365 Location: Singapore

SpiceJet partners with Cafe Coffee Day and TajSATS to offer new food and beverage menu
News
26-May-2014 10:34 AM
SpiceJet reportedly partnered with Indian coffee shop Cafe Coffee Day and TajSATS Air Catering to provide a new on-board food and beverage menu, which launched across all services on 23-May-2014 (The Hindu Business Line, 23-May-2014).

TKMCE · Member Joined: 27 Feb 2007 Posts: 957

TKMCE · Member Joined: 27 Feb 2007 Posts: 957

oops got it... the pax up front still have to pay for the food or dont they???

HAWK21M · Posted: Thu May 29, 2014 12:52 pm Post subject:

SG needs investment badly.......
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Think of the Brighter side !!!

747-237 · Posted: Tue Jun 03, 2014 2:45 am Post subject:

http://www.livemint.com/Companies/Bbwn08fd0FLgH9M2CjczKP/As-losses-mount-whats-next-for-SpiceJet.html

Rising costs and record losses mean the budget airline doesn’t even have enough cash to buy spares and parts

SpiceJet Boeing 737 stands on the apron of Delhi airport, surrounded by mechanics who are systemically harvesting parts of the aircraft to provide spares for other planes in the airline’s fleet.

“We have been advised that the Boeing aircraft originally planned to be made available in operation wef (with effect from) 8th May ’14 is getting further delayed,” Sundaram Ganesan, general manager of network planning at SpiceJet, wrote to the engineering team in a 29 April email. “Kindly advise how soon you can get this aircraft into operation, enabling us to open the flight for sale.”

The reply wasn’t encouraging. “Regarding serviceability status of VT-SGS (identity of a particular plane), I do not have confirmed date when aircraft can be offered to service,” Arun Kashyap, general manager of fleet management and engineering, wrote back. “This is primarily due to want of engine and spares.”

“There are spares constraints and we have to rob the spares from VT-SGI to service VT-SGO. We could not offer VT-SGI for service as spares were already robbed and installed on VT-SGO. We are hopeful that THY supply of parts will be resumed in few days. We are trying our best to keep aircraft in air with all constraints,” Kashyap wrote in another email.

Nimish · Posted: Tue Jun 03, 2014 4:59 pm Post subject:

^^ Quite scary and SG has launched an INR 3000 for any sector ticket today. Seems like they are likely to go down the path of IT and others in the next couple of months Sad

.

I hope they quickly manage to get a chunk of investment, else the writing is on the wall.
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We miss you Nalini!

Spiderguy252 · Posted: Tue Jun 03, 2014 11:07 pm Post subject:

This is clearly the beginning of the end for SpiceJet.

There's nothing distinct about them, but should they go belly up, I'll miss the Q400.
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Yeah.

747-237 · Posted: Wed Jun 04, 2014 5:06 pm Post subject:

http://www.traveldailymedia.com/208294/new-spicejet-livery-pays-tribute-to-cabin-crew/

New SpiceJet livery pays tribute to cabin crew

Flight attendants on side of aircraft also serve aboard the first flight

03 Jun 2014

SpiceJet has taken delivery of a new Boeing 737 aircraft, which has been painted with a special livery dedicated to the airline’s cabin crew.

The single-aisle jet, named ‘Red Chilli’, took off for the first time on Tuesday on a flight from Delhi to Mumbai, with the four flight attendants whose photos adorn the sides of the aircraft also serving passengers. The airline’s slogan, “With All Our Heart”, has been printed on the side of the aircraft.

“All of us in the SpiceJet family are proud of our newest aircraft that has been specially painted to celebrate the spirit and dedication of every single person in SpiceJet,” said Sanjiv Kapoor, the airline’s chief operating officer.

“[Our] employees… are charged up and highly motivated, operating a completely redesigned network with flights that are now fuller than ever,” added Kapoor.

Red Chilli is one of four new Boeing aircraft being delivered to SpiceJet this year. These form part of an order for 13 additional B737 and 42 B737 MAX aircraft.

Later this month, the airline will start operating the SpiceMAX premium economy product, offering 5-6 inches (12.7-15.2cm) more legroom than standard economy.

star*gold · Member Joined: 29 Jan 2009 Posts: 187

And not sure how the change in political fortunes is going to affect them...

sshank · Member Joined: 16 May 2007 Posts: 377 Location: NYC

The_Goat · Posted: Thu Jun 05, 2014 10:29 pm Post subject:

747-237 · Posted: Thu Jun 12, 2014 8:27 pm Post subject:

http://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/spicejet-to-have-bigger-aircraft-more-flights-on-four-routes/articleshow/36445716.cms

SpiceJet to have bigger aircraft, more flights on four routes

12 Jun, 2014

SpiceJet today said it will add capacity on its four existing routes by adding bigger aircraft and introducing additional flights from June 15.

The airline is adding capacity on Bangalore-Mangalore, Chennai-Madurai, Bangalore-Hyderabad and Delhi-Lucknow sectors, which will now be catered by the 189-seater Boeing 737 aircraft, SpiceJet said in a release here.

SpiceJet will now deploy the 189-seater Boeing 737-800 on its Bangalore-Mangalore and Chennai-Madurai routes, which are at present being serviced by 78-seater Bombardier Q-400s, the airline said.

"We have seen good demands on these routes and to fulfil that we are adding new capacities on these sectors," said Kaneswaran Avili, SpiceJet chief commercial officer Kaneswaran Avili said.

SpiceJet is introducing a daily new flight on Bangalore- Mangalore route. The airline is adding capacity on this route by deploying Boeing aircraft and this is in addition to the existing flight being operated with 78-seater Bombardier Q400, it said.

Besides, the airline will also launch new flights on Chennai-Madurai sector which will be operated on Tuesday and Saturday. The airline already operates a daily flight on this route and with this new connection capacity on this sector would get boosted, the release said.

Also, new flight on Delhi-Lucknow route is being introduced that will fly daily except Saturdays, it said, adding, with this, SpiceJet will make Delhi-Lucknow a day return service from both ways.

Further, an additional flight is being deployed on Bangalore-Hyderabad route on Saturdays, the airline said in the release.