Spicejet

Tag Archives for Spicejet.

Air India losing senior Dreamliner pilots

In what could be termed as a big setback to Air India’s international plans, at least 8 Senior Boeing Dreamliner pilots have either left or are serving their notice period. Given that the airline is pushing ahead with managing its international operation on the back of the 27 Boeing 787s it has on order, losing senior pilots at this critical juncture can prove to be an expensive disaster. The pilots seem to be headed for greener pastures at Spicejet which has recently bounced back after its own fair share of troubles and given it operates a Boeing fleet the pilots make a good fit. Another reason for he pilots choice is attributed to the move of Mr SP Puri who was earlier with Air India,…

Continue Reading »

What does DGCA report reveal about state of India based airlines?

India based airlines can rarely be classified as truly low-cost carriers (LCC) and this is due to a mixture of the following facts: Government policy which does not allow spilt up pricing of each part such as baggage and other add-ons similar to what the Ryanair’s and Air Asia’s of the world do. Lack of availability or permission to use secondary airports where airport charges are a fraction of the big airports. It is due to continued policy paralysis that hasn’t allowed development of new airports in decades and has disallowed any up-gradation of other airfields that could be used by such carriers. Instead the government has always played catch up by using airstrips meant for defence use which results in further congestion and lack…

Continue Reading »

Kingfisher’s air viability under question

As per Kingfisher’s annual report for the year ended March 31, 2011, the airline is in dire need of funds to keep going. Saddled  with huge debt and mounting losses, the airline has been finding it tough to raise money in the current market conditions. The airline had planned to raise $250-$350 million through an issue of global depositary receipts in January 2011 but it turned out to be a non-starter. Even though Kingfisher cut its debt through a restructuring by issuing shares to 14 banks which as of today own 29 percent of Kingfisher and has obtained approval from its board for equity infusion, the shareholders are highly worried about the operational sustainability of the airline which has led to  its market value slumping to under…

Continue Reading »