Spicejet Sale

Airline carrier SpiceJet Ltd today announced that it has completed the hive off of its cargo and logistics division into a separate entity, citing the need to boost its cargo business.

SpiceJet promoter Ajay Singh is exploring a possibility of a partial stake sale in the airline.

Budget airline SpiceJet on Tuesday said shareholders have approval the transfer of cargo and logistics services business to its subsidiary, SpiceXpress, on slump sale basis valued at Rs 2,555.77 crore. The airline, in a release, said, "The consideration for the slump sale shall be discharged by SpiceXpress by issuance of its shares in favour of Spi...

Tata Sons and SpiceJet have officially submitted their respective bidsfor the Air India sale on Wednesday. The bidding process has now moved to the concluding stage.

Air India is laden with a huge debt of around Rs 43,000 crore of which Rs 22,000 crore will also be transferred to the Air India Asset Holding Limited (AIAHL).

SpiceJet's passenger revenue improved by 73 per cent on a quarter-on-quarter basis through charters, aggressive network and sales strategies

Aviation regulator DGCA has asked SpiceJet to stop its five-day discounted sale of tickets that started on Monday as the government-imposed fare limits are in place since domestic flights resumed operation on May 25, senior officials said.

Bookings are open on airline's official website- spicejet.com, mobile app and through online travel portals and travel agents, it said.

Additionally, the carrier also announced the on-boarding of Rajkot as its 54th destination on the domestic network with the introduction of a daily non-stop flight on the Mumbai-Rajkot route.

On bookings made through its portal, SpiceJet is offering a 25 per cent off on meals, seats and premium service SpiceMax.

Many airlines have announced additional flights and promotional schemes over the past few weeks.

Under SpiceJet's offer, which is valid for travel till September 25, 2019, flight tickets can be booked till August 10, the airline said.

Air India, which is surviving on Rs 30,000 croretaxpayer-funded bailout, has failed to maintain its market dominance as a slew of carriers including InterGlobe Aviation and SpiceJet started to offer ultra-cheap, on-time flights more than a decade ago.

SpiceJet and GoAir have announced flights on new routes and discounts on bookings. The announcements from the airlines come at a time when the suspension of flights by Jet Airways has led to additional demand in the country's civil aviation market.

SpiceJet Monsoon Sale: The discount is applicable on one-way fares only and cannot be combined with any other offers

Airline carrier SpiceJet Ltd today announced that it has completed the hive off of its cargo and logistics division into a separate entity, citing the need to boost its cargo business.

SpiceJet promoter Ajay Singh is exploring a possibility of a partial stake sale in the airline.

Budget airline SpiceJet on Tuesday said shareholders have approval the transfer of cargo and logistics services business to its subsidiary, SpiceXpress, on slump sale basis valued at Rs 2,555.77 crore. The airline, in a release, said, "The consideration for the slump sale shall be discharged by SpiceXpress by issuance of its shares in favour of Spi...

Tata Sons and SpiceJet have officially submitted their respective bidsfor the Air India sale on Wednesday. The bidding process has now moved to the concluding stage.

Air India is laden with a huge debt of around Rs 43,000 crore of which Rs 22,000 crore will also be transferred to the Air India Asset Holding Limited (AIAHL).

SpiceJet's passenger revenue improved by 73 per cent on a quarter-on-quarter basis through charters, aggressive network and sales strategies

Aviation regulator DGCA has asked SpiceJet to stop its five-day discounted sale of tickets that started on Monday as the government-imposed fare limits are in place since domestic flights resumed operation on May 25, senior officials said.

Bookings are open on airline's official website- spicejet.com, mobile app and through online travel portals and travel agents, it said.

Additionally, the carrier also announced the on-boarding of Rajkot as its 54th destination on the domestic network with the introduction of a daily non-stop flight on the Mumbai-Rajkot route.

On bookings made through its portal, SpiceJet is offering a 25 per cent off on meals, seats and premium service SpiceMax.

Many airlines have announced additional flights and promotional schemes over the past few weeks.

Under SpiceJet's offer, which is valid for travel till September 25, 2019, flight tickets can be booked till August 10, the airline said.

Air India, which is surviving on Rs 30,000 croretaxpayer-funded bailout, has failed to maintain its market dominance as a slew of carriers including InterGlobe Aviation and SpiceJet started to offer ultra-cheap, on-time flights more than a decade ago.

SpiceJet and GoAir have announced flights on new routes and discounts on bookings. The announcements from the airlines come at a time when the suspension of flights by Jet Airways has led to additional demand in the country's civil aviation market.

SpiceJet Monsoon Sale: The discount is applicable on one-way fares only and cannot be combined with any other offers