Aviation
With Ajay Singh in pic, SpiceJet hopes to tap foreign funds
23 Dec 2014
Reports say unnamed PE firms are conducting due diligence exercise on SpiceJet and the airline is hopeful of infusion of money within the next month and half
India successfully flight-tests naval version of LCA
22 Dec 2014
With the latest test flight, the LCA Naval version has proved its worthiness and is ready for induction into the Indian Navy
SpiceJet founder Ajay Singh rumoured in talks to bail out airline
18 Dec 2014
Ajay Singh, the man who launched SpiceJet in 2005, along with London-based Bhulo Kansagra, may come back to bail out the troubled carrier following a meeting with aviation ministry officials on Wednesday evening
SpiceJet resumes flights on “cash-and-carry” fuel
17 Dec 2014
Jet fuel supplies to SpiceJet resumed after the airline paid cash for the purchases, but the oil companies denied having stopped fuel supplies to the troubled carrier
SpiceJet stays firmly grounded as oil firms refuse fuel on credit
17 Dec 2014
A government reprieve this week hasn’t helped SpiceJet much, as the carrier’s operations have been grounded from this morning because oil companies refuse to sell jet fuel to the cash-strapped airline on credit
SpiceJet gets some breathing space after meeting minister
16 Dec 2014
SpiceJet, owned by Kalanaithi Maran's Chennai-based Sun group, has been given a week by the government to submit a financial plan clearly stating how it plans to stay afloat
Airlines to post 26% surge in 2015 profits on falling oil prices: IATA
11 Dec 2014
The cumulative net profit estimate of airlines in 2014 has been raised to $19.9 billion from $18 billion in June, and is forecast to rise another 26 per cent to $25 billion in 2015
