[ad_1] NEW DELHI: EaseMyTrip founder Nishant Pitti and SpiceJet promoter Ajay Singh have submitted a joint bid to revive GoFirst, giving the budget carrier, grounded since last May, another chance of a restart. While Pitti, who has bid through his company Busy Bee Airways, will bring in about Rs 500 crore for the revival process,…
[ad_1] NEW DELHI: Promoter Ajay Singh-led airline SpiceJet said it has completed raising the first tranche of capital infusion worth Rs 744 crore through the allotment of securities on a preferential basis.SpiceJet, which has been facing multiple headwinds, said in a media statement that its Board of Directors met on January 25 this year and…
[ad_1] NEW DELHI: Low cost carrier SpiceJet Friday said it has allotted shares and warrants totalling Rs 744 crore on a preferential basis in the first tranche. On Jan 25, 2024, the company’s board had approved the allotment of 5.55 crore equity shares on a preferential basis to 54 subscribers. Additionally, the board has approved…
[ad_1] Ram Mandir Ayodhya: To celebrate the historic ‘Pran Pratishtha in Ayodhya,’ SpiceJet is running a special promotion with non-stop domestic and international fares starting at Rs 1,622 (all-inclusive). This makes it affordable to visit Ayodhya, and there’s also a free date change option available, as outlined on the SpiceJet website (Terms and conditions apply).The…
[ad_1] Stiff competition for IndiGo: InterGlobe Aviation, the owner of IndiGo, is expected to face challenges in gaining market share in the near future due to intense competition. The airline gained a significant share after Go First’s bankruptcy in May last year. From April to September 2023, IndiGo‘s market share rose to 63.4% from 57.5%….
[ad_1] Airfareson certain domestic routes in India have skyrocketed up to threefold in the current financial year due to reduced competition, leaving only one or two airlines operating on these routes. For example, fares for non-stop flights between Srinagar and Leh have surged by 229% between April and November, compared to the average increase of…
[ad_1] NEW DELHI: In a surprise move, SpiceJet and two foreign entities – Sharjah-based aviation company Sky One and Africa-focussed Safrik Investments – have shown interest in grounded GoAir. The troubled airline had not received a financial bid from Jindal Power, whose was the sole eligible EoI (expression of interest), on the last date to…