BUSINESS
DNA Webdesk | Jun 03, 2019, 06:10 PM IST
1.Spicejet records a 22 percent rise in net profit till March
Currently, SpiceJet has around 14,000 staff and a fleet of 100 planes. It is the fourth airline after Air India, the now-defunct Jet Airways and IndiGo to have 100 aircraft in its fleet.
SpiceJet has Boeing 737s, Bombardier Q-400s and Boeing 737 freighters. It operates around 575 daily flights to 62 destinations, including nine international routes, he said.
To a query on whether SpiceJet would look at operating wide-body aircraft that were earlier used by Jet Airways, Singh said the airline is right now focussed on narrow-body fleet.
"Having said that we recognise that there are gaps which have been created. They need to be filled and in the longer term, if India is to be a global aviation hub, Indian carriers will have to fly long haul. It can't be only Air India which flies long haul. The models (of business) for us may be different... I am sure every carrier is trying to see what can be done," he said on Saturday.
The airline is looking to have an 80 per cent capacity expansion in terms of Available Seat Kilometre (ASK), an indicator of seat capacity.
2.Jet Airways employees protest after Government fails to bail out ailing airline
Jet Airways announced a temporary suspension of all its operations on April 17. The employees staged a protest at Safjurdung Airport in Delhi and at Mumbai's Chhatrapati Shivaji Maharaj Airport against the government's inability to bail out the struggling airline.
3.Etihad Airways fails to make bid offer, Jet Airways goes insolvent
Jet Airways shut down its service after it failed to secure sufficient funding to keep the airline afloat, thus becoming insolvent.
Four top Jet executives – CEO Vinay Dube, CFO Amit Agarwal, Chief People Officer Rahul Taneja and Company Secretary and Compliance Officer Kuldeep Sharma – resigned, plunging the defunct airline further into chaos.
The exodus comes days after Gulf-based Etihad Airways made a non-binding bid offering mere Rs 1,700 crore for the airline. The airline's debt was pegged around Rs 15,000 crore, with some estimates putting it in excess of Rs 25,000 crore.
Ex-Maharashtra minister Anil Deshmukh injured after car attacked with stones in Katol
Kanguva box office collection day 5: Suriya, Disha Patani, Bobby Deol film earns Rs 56 crore
'Always a delight': PM Modi meets Joe Biden at G20 Summit in Rio de Janeiro
Air pollution: SC orders closure of classes 10, 12 in Delhi-NCR, Grap 4 restrictions imposed
Gangster Lawrence Bishnoi's brother Anmol Bishnoi detained in US
50 million consumers have stopped buying luxury brands like Dior and Burberry due to...
Swiggy Delivers Big: Hundreds of employees set to become crorepatis overnight, here's how
Elon Musk reacts to his hilarious viral video with Donald Trump, says, 'I am watching myself…'
Hindu Roots in American Politics: Tulsi Gabbard’s trailblazing leadership in US Intelligence
Bangladesh in a tizzy on ‘Crazy Medicine’ ‘Yaba’
Air pollution: SC directs Delhi-NCR states to strictly implement GRAP-IV
Meet woman, IAS Officer who studied CS, LLB before taking UPSC exam, secured AIR...
Manipur Violence: Curfew imposed in 7 districts, schools, colleges shut till...
How two young minds from Bhopal are changing India's recycling game?
Samsung Galaxy S25 Ultra India launch: Check expected price, features, and more
Bad news for Amazon, Flipkart as Blinkit launches new services for...
Pakistan pollution: Lockdown in Lahore, Multan as AQI crosses 2000 mark, health emergency in Punjab
Elon Musk wore ‘Omega’ necklace to UFC event sparks online debate, know what it means
Amid Abhishek Bachchan and Aishwarya Rai divorce rumours, both avoid daughter Aaradhya Bachchan's...
Meet Indian-origin CEO who is receiving death threats due to this reason
Cheteshwar Pujara returns to Border-Gavaskar Trophy in THIS new role
Astronomers find largest water reservoir ever, 140 trillion times Earth's total...
Punjab: Samyukta Kisan Morcha, Kisan Mazdoor Morcha announce march towards Delhi on...
IndiGo pilot's cute surprise for wife on flight will make your day, watch viral video
Kanguva: Disha Patani 'was there to look pretty' says producer's wife, angry netizens bash her
Apple iPhone 15 gets massive price cut on Amazon, here's how you can grab this deal
Amazon India's BIG decision, set to move headquarters to this place, will impact…
Day after quitting AAP, Kailash Gahlot joins BJP
Coolie lifts passengers, helps them board train coach through window, video goes viral, watch
Pushpa 2 trailer: SS Rajamouli reviews Allu Arjun's action-drama, calls it...
This is world's longest-running experiment, started nearly 100 years ago, could go on for...
Tata's BIG move, to buy stake in this Apple partner amid reports of new iPhone unit in Tamil Nadu
Brazil welcomes PM Modi with vedic chants and traditional festivities ahead of G20 summit
THIS beggar hosted grand feast for over 20,000 people, spent Rs..., here's why
'Ab Tiger bhi Animal Banega': Tiger Shroff's Baaghi 4 first look triggers internet
Meet man, who made first mobile call in India from Nokia 29 years ago, it cost Rs...
Viral: US-based CEO terminates 99 of 111 employees over Slack message, reason will leave you shocked
Vande Bharat sleeper train vs Rajdhani Express, which is better? Here's all you need know
Shillong Teer Results TODAY November 18, 2024 Live Updates: Check lucky winning numbers
Bank Holiday Today: All banks to remain closed today in this state due to...
THIS AI granny talks to scammers and wastes their time, here's how it works
West Bengal Violence: 15 held, internet shut down after clashes between two groups in Murshidabad
Brahmastra actor Saurav Gurjar SLAMS Kapil Sharma after he 'jokes on his personality': 'I didn't...'
Mukesh Ambani's MEGA offer after Jio-Disney merger, Jiostar plans starting at just Rs...
Indigo, SpiceJet issue advisory for passengers as toxic smog engulfs Delhi
Vivek Ramaswamy has THIS plan to tackle US job crisis under Trump 2.0, says...
Meet woman who couldn't become doctor due to tragedy, later cracked UPSC in first attempt, she is...
SC to hear today pleas seeking curbs to tackle air pollution as GRAP 4 imposed in Delhi
Ganadhipa Sankashti Chaturthi 2024: Date, shubh muhurat, rituals, significance and more
Viral video: Little girl wins hearts with adorable dance to 'Tere Bina Na Guzara AE', watch
Meet man who left home with only Rs 50, later built company worth Rs 17000 crore, his business is…
World’s most expensive watch costs Rs 465 crore, it is made by…
AUS vs PAK Live Streaming: When and where to watch Australia vs Pakistan 3rd T20I live in India?
Which players will Mumbai Indians target in IPL 2025 mega auction?
No road tax, registration fees on electric vehicles in THIS Indian state till...