Low Cost-carrier

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Low Cost-carrier - Total results - 37
Budget airline SpiceJet gets 'scheduled carrier' designation to operate flights from India to United States
India

Budget airline SpiceJet gets 'scheduled carrier' designation to operate flights from India to United States

On Thursday, budget carrier SpiceJet said it has been given the designation of "Indian scheduled carrier" to operate flights from India to the United States.

SpiceJet employees entitled for flying allowance to get salaries in two parts; lowest pay grades to be unaffected by pay cut decision
Business

SpiceJet employees entitled for flying allowance to get salaries in two parts; lowest pay grades to be unaffected by pay cut decision

According to a senior official in SpiceJet, there were some employees who had got just a few thousand rupees in their bank accounts from the company as salary till now.

IndiGo to suspend Kolkata-Hong Kong flights from 6 November amid anti-China protests; evaluates alternate route options
Business

IndiGo to suspend Kolkata-Hong Kong flights from 6 November amid anti-China protests; evaluates alternate route options

In June this year, IndiGo had announced daily non-stop flights on the Kolkata-Hong Kong route from 20 August, providing both business and leisure travellers more options to choose from.

IndiGo sets eyes on aircraft crew exiting Jet Airways; plans to hire about 100 pilots to overcome shortage
Business

IndiGo sets eyes on aircraft crew exiting Jet Airways; plans to hire about 100 pilots to overcome shortage

The Gurugram-based IndiGo has already recruited about 130 expatriate pilots from all over the world to meet its aircraft crew shortage, the report said.

Cornelis Vrieswijk quits GoAir in 9 months, third CEO exit in four years; Jeh Wadia to take charge
Business

Cornelis Vrieswijk quits GoAir in 9 months, third CEO exit in four years; Jeh Wadia to take charge

The Dutch national Vrieswijk was a former executive of the American low-cost airline Easyjet, and boarded GoAir only last June when it was preparing to fly international.

Budget airline IndiGo's president Aditya Ghosh resigns; company appoints Rahul Bhatia as interim CEO
Business

Budget airline IndiGo's president Aditya Ghosh resigns; company appoints Rahul Bhatia as interim CEO

IndiGo announces the appointment of Gregory Taylor (Greg) as a senior advisor reporting directly to interim CEO Rahul Bhatia.

Budget carrier AirAsia India to expand domestically before international operations, says CEO Amar Abrol
Business

Budget carrier AirAsia India to expand domestically before international operations, says CEO Amar Abrol

Just a few days ago, AirAsia India had announced the addition of Nagpur and Indore to its network.

Captain Gopinath says Vijay Mallya a victim of flamboyance and arrogance, should have paid back dues using his wealth
Business

Captain Gopinath says Vijay Mallya a victim of flamboyance and arrogance, should have paid back dues using his wealth

Captain Gopinath feels Vijay Mallya should not have fled the country but instead acted sooner by mobilising funds from his other liquor companies and rescued Kingfisher Airlines

AirAsia India's anniversary bonanza: You can book domestic flights at Rs 899, international at Rs 3,399
Business

AirAsia India's anniversary bonanza: You can book domestic flights at Rs 899, international at Rs 3,399

In view of this, the company has said it will be offering fares starting at Rs 899 for its flights to Bengaluru, Jaipur, Kochi, New Delhi, Pune among other domestic destinations

IndiGo trims IPO size to Rs 3,000 crore as Gangwal family to offload less no of shares
Business

IndiGo trims IPO size to Rs 3,000 crore as Gangwal family to offload less no of shares

The promoters of the company will now sell nearly 23 million shares, down from about 26.1 million they had earlier proposed

Decoding negative net worth: IndiGo paid about 80% of its profit as dividend to promoters
Business

Decoding negative net worth: IndiGo paid about 80% of its profit as dividend to promoters

The second interesting fact one can gather from the RHP is as of June 30, the airline had Rs 3,912.375 crore debt on its books, down slightly from Rs 3926.16 crore at the end of fiscal 2015

'oneworld' alliance open to partner Indian airline: CEO
Business

'oneworld' alliance open to partner Indian airline: CEO

Incidentally, Ashby, who has worked with several major US airlines, was also the first CEO of IndiGo, a position which he held for about four years.

Delhi off AirAsia radar for now on uncertainties, break-even likely by May-June
Business

Delhi off AirAsia radar for now on uncertainties, break-even likely by May-June

Chandilya admitted that the break-even deadline was pushed back owing to various external factors, but did not elaborate

Rs 1,500 cr not enough for SpiceJet: Ajay Singh may bank on trusted insiders
Business

Rs 1,500 cr not enough for SpiceJet: Ajay Singh may bank on trusted insiders

Ajay Singh and his band of investors, making sweeping management changes to steer the airline out of its current morass. These changes may not be immediate but will happen never the less. A source said an airline veteran, who has worked with Singh in his earlier stint which ended in 2010 when he sold off his stake to the Marans, may be elevated to head operations.

Discount sales pay off? SpiceJet cuts losses in Q2 to Rs 310 crore
Corporate

Discount sales pay off? SpiceJet cuts losses in Q2 to Rs 310 crore

SpiceJet has been discounting ticket prices, trimming costs and reducing the size of its fleet in the last few months

Dumping JetLite won't be enough, Jet Airways has to cut costs to survive
Corporate

Dumping JetLite won't be enough, Jet Airways has to cut costs to survive

Unless Jet Airways gets its cost structure closer to a low cost carrier while continuing to offer premium services, abandoning low cost carrier JetLite won't be enough.

SpiceJet shares jump 13% on June quarter operating profit
Corporate

SpiceJet shares jump 13% on June quarter operating profit

Last week, SpiceJet reported a net loss of Rs 124.10 crore for the three months ended June, mainly bogged down by higher expenses. The no-frills carrier had a net profit of Rs 50.56 crore in the year-ago period.<br />

SpiceJet COO looking to cut costs, big and small, starting with crews' 'weekend uniform'
Corporate

SpiceJet COO looking to cut costs, big and small, starting with crews' 'weekend uniform'

Though SpiceJet improved its operational performance, one-time expenses spoiled the party. It had declared a five fold higher net loss for FY14 at Rs 1003 crore earlier.

SpiceJet posts Rs 124 crore quarterly loss, but says things will improve
Corporate

SpiceJet posts Rs 124 crore quarterly loss, but says things will improve

SpiceJet reported a netloss of Rs 124.10 crore for the three months ended June,mainly bogged down by higher expenses.