New Delhi, Sep 21 (IANS) Budget airline SpiceJet has received shareholders’ nod to raise Rs 2,500 crore through issuance of shares under a QIP. In financial parlance, eligible securities are issued through a Qualified Institutions Placement or QIP to raise funds.
New Delhi, Sep 19 To give more pricing flexibility to the airlines, the Centre has tweaked the airfare cap rules. According to the Ministry of Civil Aviation, the fare band will now only be applicable for a 15-day cycle. Notably, the
New Delhi, Sep 16 (IANS) Easing Covid travel restrictions along with pent-up demand and low base lifted India’s domestic air passenger traffic in August. According to the Directorate General of Civil Aviation (DGCA), the country’s scheduled domestic flight operations ferried 67.01
New Delhi, Sep 14 Full service private airline Vistara said on Tuesday that its Chief Commercial Officer Vinod Kannan will succeed Leslie Thng as the airline’s Chief Executive Officer from January 1, 2022. Thng, after leading Vistara for more than
New Delhi, Sep 13 Jet Airways is all set to resume domestic operations from Q1 of 2022, said Jalan Kalrock Consortium, the successful resolution applicant of the airline. Accordingly, the existing Air Operator Certificate (AOC) is under process for revalidation.
New Delhi, Sep 13 The Union Home Ministry has decided to resume the air courier service for Central Armed Police Forces (CAPF) personnel going to join their duties or proceeding on leave in Jammu and Kashmir and also for northeastern
New Delhi, Sep 2 Accelerated vaccination drive as well as higher rate of economic activity rose India’s domestic air passenger traffic in July 2021 on a year-on-year basis. According to the International Air Transport Association (IATA), India’s domestic air passenger
Canberra, Aug 27 Australia’s flag carrier, Qantas, is continuing to pay a huge price as the Covid-19 pandemic drags into the second half of 2021, but the airline is holding out hopes that some international flights will resume before the
New Delhi, Aug 20 Budget carrier SpiceJet on Friday launched 14 new domestic flights. Accordingly, the new SpiceJet flights will connect Bhavnagar-Delhi, Bhavnagar-Surat, Gwalior-Jaipur, Kishangarh (Ajmer)-Mumbai, Pune-Tirupati and Varanasi-Dehradun. The airline will also launch a non-stop flight connecting Bhavnagar with
New Delhi, Aug 17 To strengthen regional connectivity, airline major IndiGo on Monday announced Gwalior as its 70th domestic destination. The airline will operate ATR aircraft for direct flights from Gwalior to Delhi and Indore from September 1 onwards. In
New Delhi, Aug 14 Budget airline SpiceJet on Friday reported a net loss of Rs 729 crore in the first quarter of FY2022. The Q1FY22 net loss is higher than Rs 593 crore in the same quarter of the previous
Phnom Penh, Aug 7 Cambodia has lifted a ban on travellers from India after the latter country has witnessed a decline in new Covid-19 cases, Health Minister Mam Bunheng said in a statement. Prime Minister Hun Sen approved the lifting
New Delhi, Aug 5 Budget airline AirAsia India on Thursday announced a flash sale on routes across India with fares starting at Rs 914 (one-way inclusive of taxes). “Special sale fares are open for advance booking from 4th August till
Mumbai, Aug 5 Ultra-low cost carrier Go First, formerly known as GoAir, on Wednesday announced the commencement of direct flights between three India cities –Mumbai, Kochi, and Kannur — and Doha from August 5. The flights, operated under the’Air Bubble’
New Delhi, July 31 Air India’s regional subsidiary Alliance Air will operate Kolkata-Bhubaneswar flights via Ranchi from August 11. Accordingly, the airline has deployed a 70 seater aircraft to connect these cities. “The flight will operate every Monday, Wednesday, Friday
New Delhi, July 29 In its bid to strengthen regional connectivity, private carrier IndiGo will commence flight services to and from Jabalpur, Madhya Pradesh, from August 20. Accordingly, the airline will operate direct flights from Jabalpur to Mumbai, Delhi, Hyderabad
New Delhi, July 28 Airline major IndiGo’s net loss widened on a year-on-year basis in Q1FY22, growing to Rs 3,174.2 crore from Rs 2,844.3 crore in the year-ago quarter. The airline’s total income for the quarter ended June 2021 was
Shillong, July 24 Union Home Minister Amit Shah said here on Saturday that the northeastern region would be the countrys growth destination and all the state capitals of the eight states of the region would be connected by air and railway
New Delhi, July 19 Pent-up demand, along with low base and easing of Covid restrictions, pushed India’s domestic air passenger traffic higher in June 2021. According to the Directorate General of Civil Aviation (DGCA), the country’s scheduled domestic flight operations
New Delhi, July 19 India’s accelerated vaccination drive as well as pent-up demand has triggered a recovery in leisure air travel, said Tata-SIA airline Vistara. The travel trend, which includes the VFR category, is still in a nascent stage but
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