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PostPosted: Tue Mar 30, 2010 2:54 pm 
SpiceJet takes delivery of new Boeing 737-800 airplane


This new 737-800 airplane with advanced cockpit technology and blended winglets improves safety and efficiency of the aircraft.




SpiceJet has taken the delivery of a brand new Boeing 737-800 airplane. This takes SpiceJet's fleet size to 20 airplanes with an average age of 3 years. With five more new airplane deliveries scheduled in the next year, the airline is set to grow its fleet size to 25.




This new 737-800 airplane with advanced cockpit technology and blended winglets improves safety and efficiency of the aircraft.




SpiceJet has recently announced its new schedule with strengthening of its connectivity to the NorthEast. Agartala was announced as the 19th destination in their network with the addition of a daily flight on the Kolkata-Agartala-Kolkata route effective 15 April 2010.




Sanjay Aggarwal, Chief Executive Officer, SpiceJet said, “We are excited to welcome the 20th airplane to our fleet. Having a young and state-of-the-art fleet allows us to offer reliable and comfortable service to our customers.”




In keeping with SpiceJet’s practice of naming each of its airplanes after a spice, the new aircraft is christened ‘Vanilla’. It will carry the tail sign VT-SGF.


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Trichy Flight Services, Flight ticket offers, Malindo Trichy, Airasia Trichy, Tiger airways Trichy, Srilankan Airlines Trichy
PostPosted: Tue Mar 30, 2010 2:51 pm 
No change in 5-year norm for overseas flights


New Delhi: Lobbying and years of debate have been unable to change the civil aviation ministry’s stand on eligibility for Indian carriers to fly abroad.


The ministry has decided to continue with the existing provision — which requires a domestic airline to have a minimum 20-aircraft fleet and five years of domestic operations before it becomes eligible to fly overseas — and decided against referring this matter again to the Cabinet.

So, low-cost carrier (LCC) SpiceJet — which completes five years of domestic flying this June — is set to fly abroad this year. But IndiGo, the most successful LCC today, will have to wait till August 2011 before being allowed the same privilege.

Three of the largest Indian carriers — Air India, Jet Airways and Kingfisher Airlines — are already operating on international routes, but in many instances, have been unable to exhaust the seats granted under bilaterals.

Meanwhile, official sources confirmed to DNA Money that though SpiceJet has been given an in-principle approval to fly to nearby destinations such as Hong Kong, Singapore, Nepal, Bangladesh and Sri Lanka from June, the final approval is still pending. In fact, the Directorate-General of Civil Aviation (DGCA) is in the process of validating the airline’s request on route allocation by verifying essentials such as fleet and aircraft, pilots and other criteria.
Sources said pending a final approval, the ministry has already given SpiceJet a “letter of comfort” which will help the airline negotiate airport slots, office premises etc at foreign locations.

In the case of IndiGo, DGCA approval will take a month or two and a similar process would be followed as in the case of SpiceJet. IndiGo is believed to have sought permission to fly to Saarc and Asean countries such as China, Hong Kong, Singapore, Malaysia, Sri Lanka, Nepal etc.

Both airlines are looking to fly narrowbody aircraft which can only be deployed on short haul routes — neither carrier is currently looking to service long-haul sectors such as Europe and the US just yet. SpiceJet has a single-aircraft type fleet comprising Boeing 737-800 with winglets and Boeing 737-900ER. IndiGo has a fleet of Airbus A320 aircraft.


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PostPosted: Tue Mar 30, 2010 2:46 pm 
Government to check books to let Indigo, SpiceJet fly abroad


Low-cost carriers SpiceJet and IndiGo will have to assure the government of their financial capability and operational preparedness to get the nod to fly abroad, a civil aviation ministry official said Monday.

'The government cannot freely offer licenses to any airlines which wishes to fly abroad. We have to look into other aspects like the financial viability of the airline as well so that it can sustain international operations even when the demand is low,' said the official, who asked not to be named.


'This is being done given the experience we had in the past when domestic airlines like Air India, Kingfisher Airlines and Jet Airways had either discontinued many flights to international destinations or rationalised their services following the global meltdown. This is something serious which the government cannot ignore,' he added.


According to the official, the norms for issuing licenses for overseas operations has been made stricter.


The ministry has asked aviation regulator, Directorate General of Civil Aviation (DGCA), to conduct a check of the airlines' preparedness to fly abroad.


Airlines which seek to fly abroad need to have at least five years of domestic operations and a fleet of at least 20 aircraft. While IndiGo Airlines has 25 aicraft and expects few more deliveries this year, SpiceJet has 19 aircraft and will take 9 more deliveries this year.


SpiceJet meets the stipulated five years of domestic operations in May this year. For Indigo, it is August next year.


Both the carriers are willing to fly to SAARC and ASEAN countries unlike Air India, Kingfisher Airlines and Jet Airways which fly to the U.S., Europe and a few south Asian and east Asian countries.


IndiGo and SpiceJet have an edge over Air India, Jet Airways and Kingfisher Airlines which have incurred losses over the past few years. The two carriers have been able to generate some operating profit.


The market share of IndiGo Airlines and SpiceJet were 13.9 percent and 12.4 percent respectively in 2009.


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PostPosted: Tue Mar 30, 2010 2:41 pm 
Kalanithi's Rs 700-cr offer not too hot for SpiceJet owners



MUMBAI: Kalanithi Maran, media baron and promoter of Sun TV, and the promoters of SpiceJet are sparring over the price being offered for a majority
stake in the budget carrier, with Mr Maran’s proposal of Rs 700 crore for a 51% stake finding few takers among the airline’s shareholders.

Mr Maran, whose interests have now spread from media to aviation, has completed due diligence and is believed to have made an offer of Rs 700 crore, or Rs 55 per share. This is not acceptable to the SpiceJet shareholders, as the offer is at a discount to the ruling market price of the stock.

The SpiceJet stock fell marginally to Rs 57.55 on Monday. At current market price, SpiceJet is valued at about Rs 1,388 crore.

“There are differences on the valuation. If that is over, a deal may be announced in a fortnight,” said an investment banker requesting anonymity. Kenya-based Kansagra family is the promoter of SpiceJet with a 13% stake. SpiceJet director Ajay Singh holds 5%.

The deal, if it goes through, will be a combination of share sale by existing shareholders and issue of new shares to Mr Maran, who has been looking for an opportunity to enter the aviation industry. He held discussions to buy Star Aviation, an yet-to-be-launched regional airline in South India.

Attempts to reach Mr Maran and Sanjay Aggarwal, SpiceJet’s chief executive officer, failed. SpiceJet’s chief operating officer Samyukta Sridharan, in response to an ET query, said, “As a policy, we do not comment on market rumours and speculation.”

Financial services group Religare is also in the race, but yet to do the due diligence, said a person having direct knowledge of the development. The Anil Ambani Group had showed some initial interest.

Advisory firm Ernst & Young (E&Y) is doing the financial due diligence for SpiceJet and law firm Amarchand & Mangaldas & Suresh A Shroff & Co is advising Mr Maran on legal issues.

Financial services firm Edelweiss is advising SpiceJet on the deal. Key executives within the airline said the Maran group had done initial reference check on the SpiceJet management some time ago.

Aviation analysts and experts, who have been tracking SpiceJet, said valuations for the airline can be the deal breaker. “SpiceJet is one of the most expensive airlines in the country,” said a source from one of the major advisory firms in the country, not wanting to be identified.

“If one compares on the basis of number of aircraft, Kingfisher Airlines with 65 aircraft has a market cap of Rs 1,286 crore whereas SpiceJet with only 20 aircraft has a market cap of Rs 1,390 crore,” he said. The stock has seen as much as 60% rise over the past six months, compared to peers like Jet Airways, which saw an increase of 42% over the same period.

US-based billionaire private equity investor Wilbur Ross has also invested in the airline and is believed to looking to sell his stake. Mr Ross invested $80 million in SpiceJet in July 2008 through foreign currency convertible bonds. In December this year, Mr Ross will either have to convert or redeem the bonds.

Mr Ross’ stake will go up to 31% if he converts the bonds, forcing him to launch the mandatory 20% open offer, which, he does not want to, sources said. “This is why Wilbur Ross is looking to sell his stake in the company,” said the person having direct knowledge of the matter. Wilbur Ross could not be contacted for comment.


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PostPosted: Mon Mar 29, 2010 1:19 pm 
Flying to Singapore cheaper than making trip to Delhi

Bangalore: Airfares plunging on the southeast Asian, west Asian and south Asian sectors have made flying to these foreign destinations cheaper than air travel within the country.

Budget carriers Air Asia, Tiger Airways, Air Arabia, Air India Express (AIE) and others are offering fares as low as Rs3,000 per passenger from south Indian destinations like Kochi, Trivandrum, Chennai and Tiruchirappali to Kuala Lumpur, Singapore and Penang.

For instance, Malaysian no-frill carrier Air Asia has come out with promotional offers that peg its fare at Rs3,169 between Kochi and Kuala Lumpur.

This is 41% lower than the lowest air ticket price on SpiceJet’s Delhi-Mumbai flight on March 26 of Rs5,374 plus taxes.

And it’s not just Air Asia which is offering discounted fares to push up demand. Its rivals are matching their fares to its offer.
V Chandrasekhar, senior manager (corporate communication), Air India, said his airline’s low cost subsidiary Air India Express, which flies to same routes as Air Asia and other overseas budget carriers was offering similar fares.

“We (AIE) have kept our prices at par with other low cost airlines to compete with them,” he said.

Deep Kalra, founder and CEO of travel portal MakeMyTrip said
fares have hit rock bottom in the past one month due to rise in low fare capacity on these sectors.

“There is clearly pressure on fares on these routes because there is a lot more capacity on them today than a few months back. Many new flights have been launched on these sectors. Kingfisher and Jet have recently launched flights and they will be adding more. Air Asia and Tiger have also been putting additional capacity,” he said.

Kalra said the current fares are around 20% lower than what was being offered by an international flight operator during the same time last year. “These are promotional or introductory fares to spur demand on new routes but are intensifying price competition on the sector,” he said.


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PostPosted: Mon Mar 29, 2010 12:28 am 
www.petitiononline.com/ekdxbtrz/

i have signed the petition. request all of you to sign.


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PostPosted: Sun Mar 28, 2010 8:58 pm 
Guest wrote:
http://www.indiatodayonline.com/tiger-airways-to-expand-flights-to-trichy-and-cochin, 1-5-2010. :D



what is 1-5-2010 ??


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PostPosted: Sun Mar 28, 2010 8:21 pm 
Low-cost goes foreign: SpiceJet and IndiGo cleared to fly abroad.

Over a month after they applied, the decks have been cleared for an in-principle approval to low-cost carriers IndiGo and SpiceJet to fly abroad.

The Sunday Express has learnt that the Civil Aviation Ministry has given its go-ahead and procedural formalities will now be completed by the Directorate General of Civil Aviation.

While SpiceJet completes its stipulated five years of domestic operations on May 23, IndiGo meets this condition only on August 4, 2011.

Both wanted time to get their requisite infrastructure in place — and approach foreign governments — so they moved requests for in-principle approvals.

Until now, Jet Airways and Kingfisher Airlines are the only two private carriers flying abroad. When the government first gave its nod for private carriers to fly abroad, only Jet Airways and the former Air Sahara were eligible. However, Jet took over Air Sahara and similarly, Kingfisher Airlines benefited from Air Deccan’s rights, once it qualified, after the merger.

The criteria laid down for a private carrier to be eligible for consideration to fly abroad is a five-year track record of uninterrupted domestic operations with a minimum fleet size of 20 aircraft. Both these airlines already have the necessary fleet size and will, in due course, meet other criteria. Taking note of this, sources said, the government agreed to give in-principle clearances.

While Jet, Kingfisher and Air India have faced heavy losses over the past few years due to high operation costs, IndiGo and SpiceJet have been among the better performers and even generated some operating profits. Both these airlines have a little over 20 aircraft in their fleet with IndiGo planning to acquire some more aircraft this year.

Unlike Jet and Kingfisher, the two airlines are not looking at long haul operations to Europe and the US. Restricting themselves to a fleet of narrow-bodied aircraft — SpiceJet has a predominantly Boeing 737s-800 while IndiGo has Airbus 320s — the two airlines have targeted the South Asia region and slightly beyond.

In fact, SpiceJet, which plans to start operations from June 1, is looking only at Kathmandu, Dhaka and Colombo to begin with even though its earlier plans included the Middle-East. IndiGo is looking not just at the SAARC region but also ASEAN and Middle-East.

Government sources pointed out that in the past few years there has been a proliferation of low-cost carriers in these sectors, particularly from the Gulf. Relatively new carriers like Air Arabia, Jazeera Airways, Mihin airlines of Sri Lanka, UAE-based RAK Airways and now even FlyDubai airlines — some with even less than five years of domestic experience — have made a significant impact on the market. Most of these are clocking over 80 per cent passenger load factor.

Delaying the entry of better established Indian low-cost carriers, sources said, may see the market move decisively in favour of foreign airlines like these. Given that India has worked hard over the past few years to either rework or negotiate afresh its air bilateral agreements to cater for multiple designation of airlines, operationalising these decisions may be less cumbersome than when it was first implemented.


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PostPosted: Sun Mar 28, 2010 1:36 pm 
Guest wrote:
http://www.indiatodayonline.com/tiger-airways-to-expand-flights-to-trichy-and-cochin, 1-5-2010. :D


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PostPosted: Sun Mar 28, 2010 1:35 pm 
http://www.indiatodayonline.com/tiger-a ... and-cochin, 1-5-2010. :D


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