Airline Travel

India Travel News

Sat, 22 Nov 2014 13:10:47 GMT

SpiceJet not ruling out stake sale to garner funds
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Amid reports of a possible stake sale, promoters of the low-cost airline SpiceJet, the Marans of Sun Group, on Friday said the airline is exploring all options to pick up funds to overcome a cash crunch. The company did not divulge ... The SpiceJet management had, in the recent past, been in talks with multiple investors to raise necessary capital and bring down sticky loans, expand its fleet and tie up working capital to survive cut-throat competition in India's aviation industry. Shares of Spicejet soared nearly 15 per ...

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Sat, 22 Nov 2014 05:38:51 GMT

Malaysia Airlines launches 'Year-End Specials' off on airfares from India
TravelBizMonitor
Malaysia Airlines is offering discounted airfares on Business and Economy Class tickets through its Year-End Specials (YES) campaign that is currently underway till December 2. Bookings can be made for travel period between January 5 and March 31, ...

Sat, 22 Nov 2014 07:58:15 GMT

SpiceJet's sudden flight cancellations earn travellers' ire
Economic Times
MUMBAI | NEW DELHI: After bringing cheer to a dispirited travel market with flash sales this year, SpiceJet's sudden spate of flight cancellations have earned it the ire of the passengers. The airline's call centre and travel companies selling its tickets have ...

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Fri, 21 Nov 2014 18:42:52 GMT

The Best Airlines for Traveling with Children
LifeHacker India
Flying with kids can be a nightmare , but some airlines make it less stressful by being family-friendly (or at least more family-friendly than the other carriers). Here's a chart from Fatherly comparing airlines' features. The chart compares the major domestic ...

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Fri, 21 Nov 2014 19:39:02 GMT

SpiceJet stock rises over stake sale buzz
Times of India
SpiceJet COO Sanjiv Kapoor had on Tuesday indicated that the LCC may soon find an investor, while saying that "recapitalization is key" for the airline. Airlines sources remained tight-lipped on whether it would be a case of the promoters selling their stake or ...

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Fri, 21 Nov 2014 15:28:17 GMT

SpiceJet Mum on Sell-Out, Says Exploring All Options for Funds
NDTV
Mumbai: Amid reports of a possible stake sale, low-cost airline SpiceJet today said it is exploring all options to mop up funds to overcome the cash crunch. The company did not divulge whether it is considering diluting promoter's stake. "While the company is ...

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Fri, 21 Nov 2014 15:04:06 GMT

Daily News & Analysis

Amidst rumours of stake sale , SpiceJet says exploring all options for funds
Daily News & Analysis
Meanwhile, the Bombay Stock Exchange has also sought a clarification from the airline on the media reports about sell-out. The airline reported the fifth straight quarter of losses for September quarter at Rs 310 crore, although it was down from the year-ago ...

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