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Spicejet News -- Part 6
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747-237
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PostPosted: Tue Jun 20, 2017 4:22 pm    Post subject: Reply with quote

http://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/spicejet-signs-letter-of-intent-for-50-bombardier-q400s-aircraft-for-1-7-billion/articleshow/59234807.cms

SpiceJet signs letter of intent for 50 Bombardier Q400s aircraft for $1.7 billion

Jun 20, 2017

This order - of 25 firm order and options of 25 more - will make Spicejet the largest turboprop aircraft operator in the country.

"We are already operating a fleet of 20 Q400s and will add another 25 by early 2020. The deliveries start during early 2018 and we will induct one aircraft per month till 2020," SpiceJet CMD Ajay Singh told ET on the sidelines of Paris Air show.

He added that the aircraft would be used for regional connectivity as well providing connectivity in the neighboring international destinations.

"Our Q400s fly to Male and Dhaka as on today. We can connect to many more nearby international destinations to smaller cities like Varanasi-Kathmandu and many more," Singh further said.

The airline said that the Letter of Intent (LOI) includes 25 Q400 turboprops and purchase rights on an additional 25 aircraft. Based on the Q400 turboprop list price, an order could be valued at up to US $ 1.7B billion. This would be the single biggest order for the Q400, the airline said in a release.

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abhijith16
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PostPosted: Fri Jun 23, 2017 7:38 am    Post subject: Reply with quote

Spicejet increases Hyderabad-Surat to 2 daily and resumes Mumbai-Surat effective 10JUL

SG2671 HYD0510 - 0700STV DH4 357
SG2671 HYD0545 - 0735STV DH4 x357

SG2672 STV1900 - 2110HYD DH4 D

SG2684 BOM1745 - 1840STV DH4 D

SG2683 STV0725 - 0830BOM DH4 357
SG2683 STV0755 - 0850BOM DH4 x357
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747-237
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Location: Gordon Gekko's Boardroom

PostPosted: Tue Jun 27, 2017 11:18 am    Post subject: Reply with quote

http://www.financialexpress.com/industry/the-worlds-top-airline-stock-is-indias-spicejet-with-124-gain/737009/

The world’s top airline stock is SpiceJet with 124% gain

June 27, 2017

Two and a half years after SpiceJet Ltd. was forced to ground its entire fleet on its inability to pay a mere $2.2 million in fuel bills, the budget airline has become the world’s best-performing airline stock — with $26 billion in plane orders to boot.

The company’s co-founder and Chairman Ajay Singh has played the white knight, injecting capital, cutting loss-making routes and aggressively adding capacity in one of the world’s fastest growing markets. To top it all off, crude prices are staying low.

For investors, that’s been a winning formula: SpiceJet shares are the best performers on a Bloomberg Intelligence index of airline stocks this year. The stock is up 124 percent in 2017 and has gained more than 800 percent since the company’s near-demise in December 2014, giving SpiceJet a market value of $1.2 billion.

The outlook for aviation stocks looks good “as long as oil prices are under control,” said Mahesh Patil, co-chief investment officer of Birla Sun Life Asset Management Co., which has $30 billion in assets. Birla held a stake of about 1.2 percent in SpiceJet as of May 31, according to Bloomberg data.

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747-237
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PostPosted: Sat Jul 01, 2017 3:58 pm    Post subject: Reply with quote

http://www.livemint.com/Companies/uLEPiuz6Pj8aZpkvLcVDaJ/Air-India-privatisation-Not-strong-enough-to-take-a-gamble.html

SpiceJet won’t bid for Air India, says Ajay Singh

Jun 30 2017

SpiceJet Ltd chairman and managing director Ajay Singh said on Friday the airline has no plans to bid for Air India.

“We are too small an airline to acquire Air India itself,” Singh said on the sidelines of the opening of SpiceJet’s range of stores in Gurugram called SpiceStyle, which will sell merchandise and help the airline increase ancillary revenue.

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abhijith16
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PostPosted: Sat Jul 22, 2017 12:25 pm    Post subject: Reply with quote

Spicejet resumes Pondicherry next month under the new UDAN scheme.

1 daily Hyderabad-Pondicherry eff 16AUG

SG1004 HYD1000 - 1120PNY DH4 D

SG1005 PNY1140 - 1310HYD DH4 D

Convenient connections to Delhi and Mumbai available with these timings.

As a result, Hyderabad-Mangalore nonstop will be terminated once again, with the last flight departing 15AUG.
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747-237
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PostPosted: Thu Aug 17, 2017 8:05 am    Post subject: Reply with quote

http://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/after-governments-pressure-spicejet-gets-more-slots-at-dubai/articleshow/60092565.cms

After government's pressure, SpiceJet gets more slots at Dubai

Aug 16, 2017

India's insistence on better and more flight slots for its carriers in Dubai's airport for increasing the seat capacity between the Emirate and India seems to be yielding results.

Spicejet has informed the civil aviation ministry that it got slots equalling 5,500 weekly seats at Dubai airport. This has come even before the two governments agreed to an increase in flying rights between them.

"They have informed us that they have slots. The airline, however, cannot start flights because our carriers have exhausted the current seat quota and would require an increase in bilateral seat entitlements before SpiceJet could utilise these slots," said an aviation ministry official, who did not want to be named.

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Caliguy
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PostPosted: Thu Aug 17, 2017 7:25 pm    Post subject: Reply with quote

747-237 wrote:
http://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/after-governments-pressure-spicejet-gets-more-slots-at-dubai/articleshow/60092565.cms

After government's pressure, SpiceJet gets more slots at Dubai

Aug 16, 2017

India's insistence on better and more flight slots for its carriers in Dubai's airport for increasing the seat capacity between the Emirate and India seems to be yielding results.

Spicejet has informed the civil aviation ministry that it got slots equalling 5,500 weekly seats at Dubai airport. This has come even before the two governments agreed to an increase in flying rights between them.

"They have informed us that they have slots. The airline, however, cannot start flights because our carriers have exhausted the current seat quota and would require an increase in bilateral seat entitlements before SpiceJet could utilise these slots," said an aviation ministry official, who did not want to be named.


This is such a PR circus. I love that this is playing out in the press. No one other than aviation geeks like us care. How the Indian press is used as a tool (and probably paid tool) is both funny and sad.

I still say India should basically only give the option of merging the seat count so that there is one UAE quota (and that too on the condition of slots in Dubai being available). This is the only way the UAE will see more pax coming to their country. If their individual kingdoms can't play nice with each other why is that India's concern? India has the power in the situation - USE IT. And if the UAE allows this, it is a win for both (instead of the usual India gave more and got less).
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747-237
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PostPosted: Fri Aug 18, 2017 6:56 am    Post subject: Reply with quote

http://www.hindustantimes.com/business-news/spicejet-to-hike-excess-baggage-fee-to-rs-300-kg/story-mOzJl02oU8chQEg8uDfk3N.html

SpiceJet plans to hike excess baggage fee to Rs 300/kg

Aug 18, 2017

SpiceJet plans to hike the fee charged for excess baggage to Rs 300 per kg, sources said a day after the Delhi high court set aside capping of fee for excess checked-in baggage on private airlines.

The court, on Wednesday, set aside the Rs 100 per kg fee cap fixed by the director general of Civil Aviation (DGCA) for excess checked-in baggage of 15-20 kg.

Sources said the airline plans to increase the excess baggage fee to Rs 300 per kg from the current level of Rs 100.

A SpiceJet spokesperson could not be immediately contacted.

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