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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Sat Mar 21, 2015 1:20 pm Post subject: |
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http://www.newindianexpress.com/business/news/SpiceJet-Negotiating-With-Aircraft-Lessors-Over-Rent-Default/2015/03/20/article2722897.ece
SpiceJet Negotiating With Aircraft Lessors Over Rent Default
20th March 2015
Budget carrier Spice Jet todaysaid it is negotiating with its aircraft lessors, who have dragged it into litigation over default on rents, to resolve the issue amicably, a day after the Delhi High Court directed aviation regulator DGCA to deregister the airline's six Boeing 737-800s.
The airline has reached in-principle understanding with one of the two lessors already, and is in advanced discussions with the other lessor, SpiceJet said in a statement.
In a severe blow to the airline, which is still in the revival process, the Court had yesterday ordered the Directorate General of Civil Aviation to deregister six of SpiceJet's Boeing 737 planes, following the termination of lease agreements by the leasing companies, AWAS Ireland Ltd and Wilmington Trust SP Services (Dublin) Ltd.
Justice Rajiv Shakdher directed the DGCA to "forthwith" deregister the aircraft saying once the creditors fulfilled the conditions prescribed in Aircraft Rules, the aviation regulator was "mandatorily required to cancel registration".
An airline cannot operate an aircraft once it is deregistered by aviation regulator DGCA.
"In parallel with the court proceedings, discussions have been ongoing with the lessors for an amicable settlement. SpiceJet fully expects the matter will be resolved shortly and positively with the lessors, and there will be no grounding of aircraft or disruption of operations," the airline said.
The airline said these cases originated when it was in financial crisis in December last year, before change of ownership and infusion of fresh funding.
The airline, in the statement, also said that it was exploring all legal remedies to safeguard its interest to maintain continuity of operations.
The court had said the petitioner companies, AWAS Ireland Ltd and Wilmington Trust SP Services (Dublin) Ltd, had fulfilled the conditions stipulated in the Rules, and therefore, the DGCA had no discretion in the matter.
The court also said it "cannot interdict the process of deregistration on the nebulous ground of equity as it would be contrary to the provisions of the Cape Town Convention and Protocol, to which, India is a party."
The Cape Town Convention provides better protection to aircraft lessors and banks.
In the statement, SpiceJet said, "The change of ownership and infusion of fresh funding has assured SpiceJet's future, and our creditors are aware and appreciative that the best outcome for all parties would be a fully revived and healthy airline."
As part of the airline's revival plan, the erstwhile promoter Maran family transferred its entire 58.46 holding to new promoter Ajay Singh, who has already pumped in Rs 500 crore in the so far of the over all Rs 1,500 crore investment commitment.
The balance Rs 1,000 crore is expected to be infused in two more tranches of Rs 500 crore each by this month and next month.
The airline also said that as part of the revival plan it was in the process of adding more aircraft to the fleet and expects to add 8-9 Boeings starting April to take the active Boeing fleet to 25-26 aircraft in the summer, in addition to the 15 Bombardier Q400 aircraft that are owned by SpiceJet.
As of now, its fleet stands at 32 aircraft with 17 of them Boeing 737-800s.
"All taxes have been paid, all salaries are current, and several lessors who supported the airline during the crisis have already been paid off in full while payment plan discussions are actively ongoing with remaining lessors," the statement added.
SpiceJet will continue to add more aircraft in the second half of the year to take the Boeing fleet up to 34-35 aircraft by the end of the year, it added.
_________________ 11000 posts (and counting) on Airliners-India.
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Tue Mar 24, 2015 8:17 am Post subject: |
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http://timesofindia.indiatimes.com/business/india-business/SpiceJet-resolves-rental-row-with-aircraft-lessor/articleshow/46668685.cms
SpiceJet resolves rental row with aircraft lessor
Mar 24, 2015
SpiceJet on Monday said it has resolved a legal dispute over aircraft rentals with one of its lessors, which will now allow the airline to retain three Boeing 737-800s in its fleet that has seen substantial reduction due to the financial crisis last year.
The airline said that the issue with the Wilmington Trust SP Services (Dublin) Ltd, which had along with other leasing firms dragged it to court seeking deregistration of its three leased aircraft, has been resolved amicably. "SpiceJet has today (March 23) entered into a settlement agreement with its lessor Wilmington Trust SP Services (Dublin) with regard to aircraft operated by the company," the airline said in a regulatory filing on Monday. agencies
In a blow to SpiceJet, a single judge bench of Delhi High Court had on March 19 directed DGCA to de-register six Boeing 737 aircraft operated by the carrier. An airline cannot operate an aircraft once it is deregistered by DGCA.
Soon after the Court's directives, SpiceJet had said it was in dialogue to resolve the dispute amicably.
Under the said settlement agreement, the lessor has agreed to withdraw the court proceedings and deregistration process of aircraft subject to the airline satisfying the terms of settlement, SpiceJet said.
The airline's fleet size currently stands at 32 planes with 17 Boeing 737 and 15 Bombardier Q400s. _________________ 11000 posts (and counting) on Airliners-India.
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avbuff Member
Joined: 22 Dec 2006 Posts: 5031
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Posted: Wed Mar 25, 2015 2:22 pm Post subject: |
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Spicejet to move their Pune Sharjah flight to Dubai effective 15th April. The flight will be operated daily.
the schedule is as follows
SG 51 PNQ DXB 2015 2145
SG 52 DXB PNQ 2300 0400+1
Last edited by avbuff on Wed Mar 25, 2015 3:25 pm; edited 1 time in total |
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The_Goat Member
Joined: 03 Mar 2007 Posts: 3260 Location: South of France
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Posted: Wed Mar 25, 2015 2:29 pm Post subject: |
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avbuff wrote: | Spicejet to move their Pune Sharjah flight to Dubai effective 15th April. The flight will be operated daily.
the schedule is as follows
SG 51 PNQ DXB 2015 2145
SG 52 DXB PNQ
Return schedule not for sale, will update it once it is out for sale. |
They must have had only you in mind _________________ I don't know which is the more pampered bunch : AI's widebodies (the aunties) or Jet's widebodies (the planes).
-Jasepl |
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avbuff Member
Joined: 22 Dec 2006 Posts: 5031
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Posted: Wed Mar 25, 2015 3:26 pm Post subject: |
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The_Goat wrote: | avbuff wrote: | Spicejet to move their Pune Sharjah flight to Dubai effective 15th April. The flight will be operated daily.
the schedule is as follows
SG 51 PNQ DXB 2015 2145
SG 52 DXB PNQ
Return schedule not for sale, will update it once it is out for sale. |
They must have had only you in mind |
Yes, this flight is tailor made for me and one of the top management guy who hails from Pune too.
A happy day for me. |
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Sat Mar 28, 2015 3:52 pm Post subject: |
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http://timesofindia.indiatimes.com/business/india-business/SpiceJet-short-of-planes-to-meet-flight-schedules/articleshow/46721843.cms
SpiceJet short of planes to meet flight schedules
Mar 28, 2015
Uncertainty yet again shrouds low-cost carrier (LCC) SpiceJet's ability to operate all its flights in the summer schedule. Without being sure how many planes it would have, the directorate general of civil aviation (DGCA) approved 278 daily flights for the budget carrier. But with leasors threatening to take planes back, the airline is looking at operating 235 daily — almost 20% less than the approved schedule — flights by mid-April.
The airline currently has 17 Boeing 737s and 15 Q400s — sufficient to operate about 220 daily flights. SpiceJet lost many of its Boeing planes after the Delhi High Court this month ordered the aviation regulator to deregister the jets, following disputes with three leasors. As many as 21 leased aircraft of the airline had been repossessed by leasors some months back, said an official.
"We are talking to the leasors and are hopeful of making them agree to let the planes stay with us. The airline's condition has changed under the new promoter Ajay Singh and we are hopeful they will agree. Once they agree not to take planes back from us, then we will speak to give us some of the repossessed planes," said a senior SpiceJet official. The airline is getting three Boeing 737s on wet lease very soon.
"One of the leasors who was trying to take three 737s back from us has agreed to let them stay with us. We will talk to two leasors of eight planes early next week and are hopeful they too will agree," said the official. _________________ 11000 posts (and counting) on Airliners-India.
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Thu Apr 02, 2015 2:23 pm Post subject: |
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SpiceJet has withdrawn yet another 737-800, VT-SGU, from the fleet. _________________ 11000 posts (and counting) on Airliners-India.
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Thu Apr 02, 2015 2:31 pm Post subject: |
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https://in.newshub.org/spicejet-bbam-agree-settle-rental-dispute-14705716.html
SpiceJet, BBAM agree to settle rental dispute
1 April, 2015
SpiceJet on Wednesday said it has entered into an in-principle agreement with the BBAM Aircraft Leasing and Finance to settle out of court the dispute over rentals of five aircraft it leased from the company.
The airline has also paid a part-payment of Rs 25 crore to the Airports Authority of India (AAI) towards the dues it had accumulated due to the cash crunch last year. In a filing in the Bombay Stock Exchange (BSE), the airline said it has entered into an in-principle understanding with its five lessors managed by BBAM Aircraft Leasing and Finance with regard to five aircraft operated by the company.
“Under the said understanding, the lessors have agreed to suspend court proceedings (including winding-up proceedings) and deregistration process of aircraft subject to SpiceJet satisfying the terms of settlement and parties executing definitive agreements,” SpiceJet said.
The airline has been in negotiations with several lessors in the past even as some of them had taken it to the court for non-payment of rentals. SpiceJet could not meet the financial commitments as it was facing one of the worst financial crisis in its history. The Delhi HC had on March 19 directed the DGCA to de-register six Boeing 737 aircraft given to the carrier by lessors AWAS Ireland and Wilmington Trust SP Services (Dublin).
However, on March 23, one of its lessors — the Wilmington Trust SP Services — decided to withdraw the court proceedings and de-registration process of aircraft after the parties reached an agreement on the issue. _________________ 11000 posts (and counting) on Airliners-India.
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Thu Apr 02, 2015 2:33 pm Post subject: |
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http://www.dnaindia.com/money/report-spicejet-seeks-to-advance-delivery-of-boeing-planes-2073893
SpiceJet seeks to advance delivery of Boeing planes
2 April 2015
Budget airline SpiceJet Ltd, which is currently negotiating hard with lessors to keep them from taking back aircraft, has initiated talks with Seattle-based aerospace firm Boeing Company to advance the delivery of the 40 Boeing 737-MAXs it had ordered in January last year.
Sanjiv Kapoor, chief operating officer (COO) of the no-frill airline, said the delivery of the B737-MAX was to begin from 2018 but the airline was looking at whether it could be shifted forward by a year to 2017.
"The net increase in our fleet size during the peak season (summer) will be seven aircraft which will include 4-8 aircraft on dry lease and three on wet lease. We are also trying to advance the delivery of B737-MAXs from 2018 to 2017," he said.
And senior executive of the airline said advancement of the delivery would be done on payment of a "premium" over the list price of aircraft. The airline's 40 B737-MAX order was worth $4 billion at list price.
Kapoor said the three Boeings on wet lease will be returned by June and the current Boeing fleet of 17 would be expanded to 35 by the end of the current year.
_________________ 11000 posts (and counting) on Airliners-India.
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Sun Apr 05, 2015 4:06 pm Post subject: |
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SpiceJet is to lease in this 737-800, OK-TSA from Travel Service in hybrid SmartWings livery.
_________________ 11000 posts (and counting) on Airliners-India.
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Fri Apr 10, 2015 6:56 am Post subject: |
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^
http://www.ch-aviation.com/portal/news/36527-indian-lcc-spicejet-to-lease-three-czech-b737s
Spicejet to lease three Czech B737s
Spicejet is to wet-lease a trio of B737-800s from Czech ACMI specialist, Travel Service Airlines (QS, Prague), for a period of three months and beginning this month. The first jet, OK-TSA (msn 29250), was recently spotted in Prague sorting a hybrid livery ahead of its ferry flight to India.
As part of its turnaround programme, Spicejet intends to increase its B737 fleet from the current seventeen, to twenty-six by summer and thirty-three by the end of the year. _________________ 11000 posts (and counting) on Airliners-India.
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Sat Apr 11, 2015 2:09 pm Post subject: |
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^
^^
And the second, OK-TVX.
_________________ 11000 posts (and counting) on Airliners-India.
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basheer1211 Member
Joined: 28 Dec 2012 Posts: 271 Location: India
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Posted: Sat Apr 11, 2015 4:33 pm Post subject: |
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^^ Both reached DEL today _________________
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basheer1211 Member
Joined: 28 Dec 2012 Posts: 271 Location: India
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Posted: Sat Apr 11, 2015 4:42 pm Post subject: |
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One more OK-TVO also reached DEL today _________________
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GF1011 Member
Joined: 02 Jan 2015 Posts: 87
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The_Goat Member
Joined: 03 Mar 2007 Posts: 3260 Location: South of France
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Posted: Sun Apr 12, 2015 3:30 pm Post subject: |
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An interview with SpiceJet founder Ajay Singh, where he details the mistakes the Marans made.
http://www.outlookindia.com/article/Marans-Made-A-Bad-Call-With-SpiceJet/293998
To summarize
- The Marans deviated from the low cost structure by signing unsustainable contracts.
- Increased breadth of operations by opening up at numerous airports across the country, instead of building depth by operating multiple frequencies to fewer destinations.
- Took on a second aircraft type.
- Lost a great deal of money by deep discounting to get more market share.
Let us see how much SG improves now, with this guy at the helm.
By the way, I didn't know that SG is actually a re-incarnation of ModiLuft! _________________ I don't know which is the more pampered bunch : AI's widebodies (the aunties) or Jet's widebodies (the planes).
-Jasepl |
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sri_bom Member
Joined: 22 Dec 2006 Posts: 2365 Location: Singapore
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Posted: Mon Apr 20, 2015 1:46 pm Post subject: |
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SpiceJet to give Q400 'two more quarters' to prove profitability
News
20-Apr-2015 12:23 PM
SpiceJet promoter Ajay Singh commented on the carrier's mixed fleet of Bombardier Q400s and Boeing 737s, stating: "We have renegotiated several contracts with Bombardier for the Q400. I will give this aircraft two more quarters. If they are able to give us profits in that time period, then they can stay. As of now, we have 14 Q400s and 20 737s. We will add at least two-to-three 737s this summer" (TNN, 17-Apr-2015). |
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sri_bom Member
Joined: 22 Dec 2006 Posts: 2365 Location: Singapore
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Posted: Wed Apr 22, 2015 7:03 pm Post subject: |
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Bharatiya Janata Party leader preparing to move court against SpiceJet agreement
News
22-Apr-2015 11:07 AM
Bharatiya Janata Party (BJP) leader Subramanian Swamy, via his official Twitter account, expressed (19-Apr-2015) concern regarding ownership changes at SpiceJet, tweeting: "The next major scandal for PIL is the sale of Spice Jet. VHSites send me any media links on price paid, SEBI fraud, Isle of Man etc.". This indicates that Mr Swamy could file a public interest litigation seeking an investigation into the open offer exemption given to SpiceJet's new owner Ajay Singh (Business Standard, 21-Apr-2015). Mr Swamy has reportedly already written to the Prime Minister’s Office and other key authorities demanding more disclosures and investigations into the share transfer. |
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ameya Member
Joined: 09 May 2007 Posts: 3671 Location: Pune,Maharashtra
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Posted: Fri May 29, 2015 12:04 pm Post subject: |
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Spicejet turboprops to profits
What started as a year to remember soon turned out to be a year to forget for Spicejet. The last financial year is not a year which one should use as a benchmark for analysis, but the same was probably said a year before that aswell.
This could be last real chance of survival and with Ajay Singh at helm and the management team led by Sanjiv Kapoor still pushing towards the turnaround – the airline looks set to complete the task it set out doing almost two years ago. How and when it will repay the debt and recover from these losses will have to be answered soon, else it will become other Jet airways which have lately seen good operational results but the older debt on the balance sheet is pulling the overall performance downwards.
Spicejet reported an annual loss of INR 687.05 Cr for the year ending 31st March 2015, an improvement of INR 316 Cr over the previous year when it reported record losses of INR 1003 Cr. The airline reported a net profit of INR 22.5 Cr for the last quarter of FY15.
The airline did not declare the critical parameters like CASK, RASK, ASK – which they had in Q1 and Q2. _________________ www.networkthoughts.com |
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sumantra Member
Joined: 28 Oct 2007 Posts: 4685 Location: New Delhi
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Posted: Fri May 29, 2015 9:46 pm Post subject: |
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very interesting analysis, Sir. While I do not understand much of the statistics, thanks for the interpretations, and the take-home points The Q4 hull loss actually helping the airline which has had lots of troubles because of the economic viability fo the plane type, was ironic, as well as interesting. For the Q4's main USP (faster turboprop's potential for an extra rotation), do you see more hope? Thanks for a nice article!
Cheers, Sumantra. |
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sumantra Member
Joined: 28 Oct 2007 Posts: 4685 Location: New Delhi
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Posted: Sun May 31, 2015 10:06 am Post subject: |
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...in fact, I'll suggest a different title for your article,
Q4 props up Q3 results
Cheers, Sumantra. |
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ameya Member
Joined: 09 May 2007 Posts: 3671 Location: Pune,Maharashtra
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Posted: Sun May 31, 2015 11:27 am Post subject: |
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sumantra wrote: | ...in fact, I'll suggest a different title for your article,
Q4 props up Q3 results
Cheers, Sumantra. |
Q4 props up Q4 results
I updated the title immediately after you read . . THanks for the suggestion ! _________________ www.networkthoughts.com |
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sumantra Member
Joined: 28 Oct 2007 Posts: 4685 Location: New Delhi
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Posted: Sun May 31, 2015 1:11 pm Post subject: |
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ameya wrote: | I updated the title immediately after you read | Trust a Maharashtrian Joshi brahmin to be true to tradition of having a lightning-fast mind! |
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theflyingsikh Member
Joined: 08 May 2010 Posts: 551 Location: United Kingdom
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Posted: Wed Jun 10, 2015 1:49 am Post subject: |
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http://www.huffingtonpost.in/2015/06/09/irctc-flight-upgrade_n_7541994.html
IRCTC Now Lets Waitlisted Train Passengers Upgrade To Flights On GoAir, SpiceJet
Passengers unable to get a reserved train ticket on IRCTC can now upgrade to domestic flights from GoAir and SpiceJet on the same route at a competitive price. Unsold tickets on domestic routes covered by SpiceJet and GoAir will be available to wait-listed railway passengers.
“GoAir has already started giving us their inventory in the last one month, we have sold around a hundred tickets.” said Sandip Dutta, public relations officer at IRCTC, speaking to HuffPost India. SpiceJet has yet to give their inventory to IRCTC, and is expected to start doing so in July.
Dutta said that the tickets will be available at a cheaper rate than the normal airfare and the last-date dynamic fare offered by that particular flight. “For example, if you booked a Delhi-Mumbai last-minute flight in SpiceJet, it may cost 6-7,000. If you go through our website, it may cost you around 4-4,500.“ he said.
According to Dutta, the prices are not fixed on the basis of sector or ticket availability. “We just pass on to the customers, who are railway passengers, the prices which are being given to us by the respective flight.” he said.
The service does come with a few conditions: Wait-listed passengers must be still on the wait list after the chart is prepared, and are sent mails by IRCTC, following which they need to cancel their train ticket as per normal procedures. Passengers then need to visit air.irctc.co.in, where they can book tickets if they are available.
The option for the flight will be only on the date of the actual travel of the train, or a day after. Another catch for the wait-listed ticket passengers is that their date of booking has to be three days or more prior to the date of travel.
_________________ Aerosexual...! |
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Wed Jun 10, 2015 4:49 pm Post subject: |
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http://www.bloomberg.com/news/articles/2015-06-10/spicejet-said-to-lease-airbus-planes-to-replace-boeing-aircraft
SpiceJet Said to Lease Airbus Planes to Replace Boeing Aircraft
June 10, 2015
SpiceJet Ltd. plans to lease Airbus Group SE jets for the first time after lessors withdrew some planes from the carrier’s fleet, people familiar with the plan said.
The airline, which currently operates Boeing Co. 737 and Bombardier Inc. aircraft, plans to bring in at least two Airbus A320 jets through the so-called “wet-lease” mode, said the people, asking not to be identified as the information isn’t public. In that method, the leasing company also provides pilots and crew along with the planes.
The move comes after SpiceJet and its lessors had disputes over lease agreements when the Indian budget carrier ran into financial difficulties late last year. SpiceJet, which was bailed out later, is one of the two budget airlines in India that uses Boeing planes, while most other low-fare carriers use Airbus aircraft.
SpiceJet Chairman Ajay Singh didn’t immediately respond to two phone calls to his mobile phone. Airbus spokesman Justin Dubon didn’t respond to two phone calls and an e-mail.
Air India Express is the other budget airline in India that uses Boeing planes. SpiceJet in the past said it may consider a full switch to Airbus fleet.
_________________ 11000 posts (and counting) on Airliners-India.
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indopaki Member
Joined: 23 Jul 2007 Posts: 479 Location: Pakistan
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Posted: Wed Jun 10, 2015 7:43 pm Post subject: |
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I think PIA has leased these 737s too but didnt go hybrid, they flew in full original liveries, one can pinch pennies by not doing so at both ends. |
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deaphen Member
Joined: 19 Dec 2006 Posts: 933 Location: India
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Posted: Wed Jun 10, 2015 8:15 pm Post subject: |
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Leasing company wet leasing an aircraft?!? that would be a first. I think this is just a rumour.
SG will be getting a few more Boeings shortly, not wet leased but a simple dry lease. |
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HAWK21M Member
Joined: 19 Dec 2006 Posts: 8132 Location: Mumbai, INDIA
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Posted: Thu Jun 25, 2015 4:37 pm Post subject: |
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News was OK-MEL an A319 was wet leased to Spice recently.....can someone confirm. _________________ Think of the Brighter side !!! |
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Thu Jun 25, 2015 5:17 pm Post subject: |
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HAWK21M wrote: | News was OK-MEL an A319 was wet leased to Spice recently.....can someone confirm. |
Confirmed as true. _________________ 11000 posts (and counting) on Airliners-India.
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sumantra Member
Joined: 28 Oct 2007 Posts: 4685 Location: New Delhi
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Posted: Thu Jun 25, 2015 6:08 pm Post subject: |
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HAWK21M wrote: | News was OK-MEL | On a lighter note, we are happy that all is OK with MEL. We had been missing your one-liners for quite some time! OK-MEL is not an A319, but a B752PSF with RR engines, not leased (dry/wet), but permanently with BZ
Cheers, Sumantra. |
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justbala Member
Joined: 11 Jan 2007 Posts: 1898 Location: Bangalore
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Posted: Thu Jun 25, 2015 6:48 pm Post subject: |
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747-237 wrote: | HAWK21M wrote: | News was OK-MEL an A319 was wet leased to Spice recently.....can someone confirm. |
Confirmed as true. |
The said bird performed DEL-BLR-DEL-GAU-DEL today for SG |
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Tue Jun 30, 2015 8:34 pm Post subject: |
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http://www.livemint.com/Consumer/lTjFf86GNhzcsu3U3jXhtN/SpiceJet-launches-hand-baggageonly-discounted-fares.html
SpiceJet launches hand baggage-only discounted fares
Jun 30 2015
SpiceJet Ltd has launched hand baggage-only fares.
Under the new fares, passengers with only hand baggage who book at least 30 days in advance will pay Rs.200 less than the normal fare per one-way flight.
For a round trip, the discount can be as high as Rs.1,000, the airline said in a statement.
However, the hand baggage allowance remains the same as before—one bag up to 7kg per passenger, plus a standard-sized shoulder laptop bag or ladies purse.
The hand baggage-only fare will be available on most direct domestic flights (including via flights), with a minimum of 30 days’ advance purchase. International and connecting flights are not included in the scheme.
“With the introduction of this fare, we are passing on the savings of carrying less weight to the most price-sensitive passengers who have hand baggage only, and incentivizing more passengers to book early and travel light. This is a win-win-win as these passengers will pay for only the services they consume, airlines can save on fuel costs from the lower weight, and the environment will benefit from lower fuel burn”, said Sanjiv Kapoor, chief operating officer, SpiceJet.
“Historically, travellers with no check-in luggage have indirectly subsidized those passengers who have luggage to check in,” he said.
In its statement, SpiceJet said travellers with check-in baggage can still check in their 15-kg baggage for free using its normal ‘SpiceSaver’ and other fares. SpiceJet is not charging for checked-in baggage for those who select the normal fares.
For those who book these hand baggage-only fares but later decide to check in luggage, a fee of Rs.500 for up to 10kg, and Rs.750 for up to 15kg of luggage will be payable at the airport during check-in, the airline said.
SpiceJet’s hand baggage-only fares come at a time when the ministry of civil aviation said it has, as of now, rejected the plea by low-fare airlines to charge for checked-in baggage.
On Saturday, Press Trust of India reported that the airlines had approached aviation regulator the Director General of Civil Aviation (DGCA) for its nod to charge check-in luggage while minister of state for civil aviation Mahesh Sharma said the government has not accepted the request at this stage as it will put an additional burden on passengers.
Airlines in India are now free to charge all of their fliers extra for choice of specific seats, luggage and use of airline lounges, among other facilities. Airlines, which were allowed to set aside only a quarter of their seats for differential pricing, can charge all customers for these facilities, according to a 23 March circular by DGCA. The new rules which unbundled these services are in line with global practices, and can boost earnings from ancillary revenue streams for airline firms. _________________ 11000 posts (and counting) on Airliners-India.
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Sun Jul 05, 2015 5:34 am Post subject: |
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http://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/spicejet-revises-cancellation-charges-for-domestic-and-international-travel/articleshow/47942169.cms
SpiceJet revises cancellation charges for domestic and international travel
According to airline, the cancellation charges for the domestic flights have been revised to Rs 1,800 as against Rs 1,500 earlier while the cancellation fee for the international flights now stands at Rs 2,250.
Following the hike, a passenger cancelling a ticket more than 2 to 48 hours before departure now has to pay Rs 2,250, up 50 per cent from earlier. A person cancelling 2-7 days prior will have to shell out Rs 2,000, and a person who opts out 7-30 days before will have to pay Rs 1,500. Only customers who cancel 30 days or before, are charged Rs 1,250, 20 per cent lower than earlier. Customers who cancel less than 2 hours before departure won't get any refund.
_________________ 11000 posts (and counting) on Airliners-India.
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Thu Jul 09, 2015 8:59 pm Post subject: |
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http://netindian.in/news/2015/07/09/00034376/spicejet-launches-fee-service-passengers-heavy-cabin-baggage
SpiceJet launches for-fee service for passengers with heavy cabin baggage
July 9, 2015
SpiceJet today announced a new optional for-fee add-on service, "Carry More Onboard", for passengers with heavy cabin baggage.
A press release from the airline said passengers can carry bags weighing upto 12 kg on board, for a fee of Rs 250 per kg for each kg above 7 kg.
"This product is an option for those passengers who have heavier than 7kg cabin baggage, and is especially designed for those travelers who have no check-in luggage and do not want to be forced to check in their cabin baggage and then wait for it at baggage claim," it said.
While the airline continues to allow a check-in bag upto 15kg for free (except for those who purchase the new optional “Hand Baggage Only” fares), the new product also benefits customers who are carrying fragile items, medicines, heavy documents and so on, and prefer to keep these kinds of items in the cabin with them.
SpiceJet’s free cabin baggage allowance upto 7 kg remains unchanged, the release said.
The number of bags allowed on-board remains one plus a standard sized shoulder laptop bag or ladies purse, and maximum permitted physical size dimensions of cabin baggage also remains unchanged.
“Until now, passengers who had heavier than 7 kg carry-on bags were forced to check them in, which benefited neither them nor us. Many of our passengers, especially corporate travelers, told us they’d be willing to pay a small fee for the option of carrying slightly heavier bags onboard” said Mr. Sanjiv Kapoor, Chief Operating Officer, SpiceJet Ltd.
“With the launch of “Carry More Onboard!”, we are giving passengers this choice, a choice that will be valued by those who prefer to keep their carry-on bags with them, as well as by those who do not want to wait for their carry-on bags at baggage claim," he said.
“The physical dimensions of bags that will be permitted in the cabin do not change, however – this initiative allows heavier, not larger, bags on board," he said.
The product will be available for all domestic flights, as well as international flights originating in India. It is available on direct, via, and connecting flights, with a single check-in fee per check-in. To begin with, ‘Carry More Onboard!’ can be bought by customers during airport check-in and at the airport ticket counters, against a receipt. Pre-booking and online purchase of this option will be made available online soon as well.
The product is non-refundable unless the entire booking is cancelled, and is not available for infants. It can be purchased with any type of fare such as the – SpiceSaver, Hand Baggage Only, SpiceFlex, and so on, the release added. _________________ 11000 posts (and counting) on Airliners-India.
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HAWK21M Member
Joined: 19 Dec 2006 Posts: 8132 Location: Mumbai, INDIA
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Posted: Fri Jul 10, 2015 5:56 pm Post subject: |
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sumantra wrote: | HAWK21M wrote: | News was OK-MEL | On a lighter note, we are happy that all is OK with MEL. We had been missing your one-liners for quite some time! OK-MEL is not an A319, but a B752PSF with RR engines, not leased (dry/wet), but permanently with BZ
Cheers, Sumantra. |
I guess after 25yrs of service.....Aviation has decided to answer by qestions positively so OK-MEL _________________ Think of the Brighter side !!! |
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sri_bom Member
Joined: 22 Dec 2006 Posts: 2365 Location: Singapore
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Posted: Sat Jul 11, 2015 6:43 pm Post subject: |
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SpiceJet: 15% of pilots are female
News
7-Jul-2015 11:15 AM
SpiceJet COO Sanjiv Kapoor said the number of female pilots in SpiceJet is 15% of the total, up from 11%-12% two years ago (Economic Times, 06-Jul-2015). He commented: "It is a gradual growth. I think it mirrors the increasing numbers of women in the professional workforce as old ways of thinking change... Parents are also likely more supportive, employers are more gender neutral." |
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sri_bom Member
Joined: 22 Dec 2006 Posts: 2365 Location: Singapore
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Posted: Mon Jul 13, 2015 9:26 am Post subject: |
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SpiceJet introduces 'Carry More Onboard' product
News
10-Jul-2015 12:42 PM
SpiceJet via its official Facebook account announced (09-Jul-2015) the launch of the 'Carry More Onboard' product. The carrier explained: "SpiceJet brings to you yet another innovative product-‘Carry More Onboard!’. You can now carry more than 7kg onboard at very nominal charges. This optional product is currently available for purchase at our airport check-in counters." |
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Sun Jul 19, 2015 11:56 pm Post subject: |
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http://www.hindustantimes.com/business-news/two-gulf-airlines-look-to-board-spicejet/article1-1371026.aspx
Two Gulf airlines look to board SpiceJet
Jul 19, 2015
Two big Gulf airlines have approached Ajay Singh-promoted SpiceJet for buying a stake in the airline. These include a full-service carrier and a budget airline, sources told HT.
Senior SpiceJet officials have held multiple meetings, both in India and abroad, with representatives of the two airlines, they added.
“Yes, we have been approached by some airlines for a strategic partnership in the past. Beyond this, we cannot share anything at the moment,” said Ajay Jasra, general manager, corporate affairs, SpiceJet. _________________ 11000 posts (and counting) on Airliners-India.
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747-237 Member
Joined: 11 Jun 2007 Posts: 11351 Location: Gordon Gekko's Boardroom
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Posted: Mon Jul 20, 2015 5:41 pm Post subject: |
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SpiceJet has leased its second Airbus A319, registered LZ-AOA, from BH Air.
_________________ 11000 posts (and counting) on Airliners-India.
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