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Dec 19, 2014

SpiceJet’s former owner prepares rescue plan, trying to get investor soon

Spice Jet is fighting a crisis for existence as losses mounted on the firm's balance sheet, which, in turn, led to a cash crunch.
#Ajay Singh #Ashok Gajapathi Raju #ATF #Civil aviation #SpiceJet

Dec 17, 2014

SpiceJet to get Rs 600 cr hand-holding from banks, govt insists it’s not a bailout

The Government has given a breather to SpiceJet till the new year. Though top officials of the ministry of civil aviation insisted today that no bailout package has been given or even considered for any one airline, they said SpiceJet needed some reprieve to continue operations which has been provided. #Aviation Ministry #CAPA #equity #Gajapathi Raju #Marans #Sanjiv Kapoor #SpiceJet #Sun Group

Dec 16, 2014

Govt bailout: Why rescue only Spicejet and not the entire aviation industry?

What prevents other airlines to now queue up for Government dole, citing similar circumstances? Why does the Government then not devise a bailout or assistance package for cash strapped Indian airlines instead of tackling this problem on a peace meal basis?
#Aviation #FDI #Kalanithi Maran #SpiceJet

Dec 10, 2014

Get debt pay off plan ready by 15 Dec, DGCA tells SpiceJet

The DGCA's order banning forward bookings beyond a month would be a huge drain on its revenues, the airline officials are believed to have told the regulator. #AAI #cash-and carry #Civil aviation #DGCA #SpiceJet

Dec 9, 2014

Raju acts tough, denies Air Arabia, Emirates’ requests for expansion into India

United Arab Emirates is perhaps the only country in the world with which India has multiple bilateral air services agreements, emirate wise. #Air Arabia #Air services #corporate #Expansion #UAE #United Arab Emirates

Dec 5, 2014

SpiceJet confident of getting an investor in six weeks, Raju asks AAI to back off

SpiceJet has assured CIvil Aviation Minister A Gajapathi Raju that it will tie up an investor within six weeks. And requested the minister to hold off any action by Government agencies meanwhile. #Aviation Ministry #CAPA #Gajapathi Raju #Marans #Sanjiv Kapoor #SpiceJet #Sun Group

Nov 28, 2014

British Airways wants to expand, looking for opportunities in India

BA flies to five destinations in India with 49 weekly frequencies and though the bilateral air services agreement between the UK and India allows for more frequencies to be added, BA is playing the wait and watch game for now. #Aviation #British Airways #India #Keith Williams #Narendra Modi #US

Nov 28, 2014

E-tail boom: Forget Flipkart and Snapdeal, investors are now wooing affiliates

The e-commerce bandwagon is not just marching ahead full steam, it has spawned several other businesses on the sides. One category, which refers to itself as e-commerce affiliates, has now even begun generating interest among VCs and angel investors as it expands.
#CashKaro #couponation #couponduniya #E-Commerce #Flipkart #Jabong #Junglee #mysmartprice #Snapdeal

Nov 28, 2014

Swamy’s petition against AirAsia: Will aviation min ask co to amend shareholder agreement?

Will the Ministry of Civil Aviation seek a change in the shareholder agreement between Tata Sons, AirAsia BhD and Telestra Tradeplace? #AirAsia #Subramanian Swamy #Tata #Tata Sons #telestra

Nov 27, 2014

Will an Indian arm of Alibaba sprout up? Jack Ma can’t ignore India anymore

Will he, won't he? Will an Indian arm of Alibaba sprout up? Chairman Jack Ma did not answer persistent media queries on this subject today though in his keynote address at a Ficci conference in New Delhi, he did exhort India and China to deepen their engagement.
#Alibaba #FICCI #India #Jack Ma #Kunal Bahl #Snapdeal