India's SpiceJet Ltd said on Friday it will prioritize hiring employees of Jet Airways Ltd who are losing their jobs after the crisis-hit Indian airline halted all flight operations indefinitely this week. "We have already provided jobs to more than 100 pilots, more than 200 cabin crew and more than 200 technical and airport staff," said Ajay Singh, chairman and managing director of SpiceJet. "We will do more." Hundreds of Jet Airways employees protested in Delhi and Mumbai on Thursday to push its management for answers about their future after the airline shut down all flight operations on Wednesday having failed to secure new funding from its lenders. Jet Airways has lost many employees as the crisis unfolded. About 400 pilots have moved to other airlines, leaving Jet with about 1,300 pilots, a senior Jet pilot told Reuters. About 40 engineers have also left, a senior engineer said. Lenders, led by State Bank Of India, say they are hopeful of a successful bidding process for Jet. The … [Read more...] about SpiceJet to give hiring preference to employees of Jet Airways: Chairman
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India’s SpiceJet to lease 16 Boeing 737s to fill gap as groundings…
A SpiceJet passenger aircraft Boeing 737-800 is seen after it overshoot the runway while landing on Tuesday night at the airport in Mumbai, India, September 20, 2017. REUTERS/Shailesh Andrade SINGAPORE (Reuters) - Budget Indian airline SpiceJet Ltd said on Friday it planned to lease a “first lot” of 16 Boeing Co 737-800s to help fill a gap in aviation capacity that ratings agency ICRA said has pushed up fares by 30 to 40 percent since September. SpiceJet had canceled some flights due to the grounding of its 12 737 MAX planes after Ethiopian Airlines’ deadly March 10 crash. However, the bulk of the reduction, which ICRA said removed 15 percent of market capacity, is due to Jet Airways Ltd grounding more than three-quarters of its fleet as a result of funding problems. “The sudden reduction of aviation capacity has created a challenging environment in the sector,” SpiceJet Chairman Ajay Singh said in a statement. “SpiceJet is committed to working … [Read more...] about India’s SpiceJet to lease 16 Boeing 737s to fill gap as groundings…
SpiceJet seeks planes from other sources after India grounds 737…
A man looks out through a window with an advertisement of SpiceJet Airline, on a commercial building in the western Indian city of Ahmedabad February 14, 2014. REUTERS/Amit Dave (Reuters) - India’s SpiceJet Ltd said on Friday it was in talks will lessors globally to induct aircraft, in an effort to fill a gap after the grounding of its MAX fleet. The airline was forced to ground its 12 Boeing Co 737 MAX 8 planes by India’s aviation watchdog due to safety concerns after an Ethiopian Airlines plane crash that killed 157 people earlier this month. The low-cost carrier could also benefit from cash-strapped Jet Airways being forced to ground planes, and is in talks with lessors to lease some of those aircraft, a person with direct knowledge of the matter had told Reuters earlier this week. Reporting by Tanvi Mehta in Bengaluru; Editing by Subhranshu Sahu … [Read more...] about SpiceJet seeks planes from other sources after India grounds 737…
India’s SpiceJet in talks with lessors to induct aircraft
A man looks out through a window with an advertisement of SpiceJet Airline, on a commercial building in the western Indian city of Ahmedabad February 14, 2014. REUTERS/Amit Dave (Reuters) - India’s SpiceJet Ltd said on Friday it was in talks will lessors globally to induct aircraft, in an effort to fill a gap after the grounding of its MAX fleet. The airline was forced to ground its 12 Boeing Co 737 MAX 8 planes by India’s aviation watchdog due to safety concerns after an Ethiopian Airlines plane crash that killed 157 people earlier this month. The low-cost carrier could also benefit from cash-strapped Jet Airways being forced to ground planes, and is in talks with lessors to lease some of those aircraft, a person with direct knowledge of the matter had told Reuters earlier this week. Reporting by Tanvi Mehta in Bengaluru; Editing by Subhranshu Sahu … [Read more...] about India’s SpiceJet in talks with lessors to induct aircraft
Airbus sees market for widebody jets at Indian budget carriers
By Aditi Shah BENGALURU (Reuters) - Airbus SE is pushing for fast-growing Indian budget carriers to make the leap into low-cost, long-haul widebody operations to compliment their existing narrowbodies, an executive from the planemaker said. India is the world's fastest-growing market for air travel and budget airlines led by Interglobe Aviation Ltd's IndiGo have been looking to add more overseas routes. But as profits slumped last year amid high oil prices, a weak rupee and rising competition, IndiGo and SpiceJet placed their plans to order widebody jets on hold, opting instead to launch more global flights with their fleets of A320s and Boeing 737s narrowbodies, respectively. "With Indian airlines expanding international operations, the A330neo is the next natural step for growth," Joost van der Heijden, Airbus' head of marketing for Asia and North America, said on the sidelines of the Aero India airshow in Bengaluru. "We are talking to all of them continuously and given the market … [Read more...] about Airbus sees market for widebody jets at Indian budget carriers