SPICEJET

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• Domestic air traffic rises 11 pc in January

  Domestic air traffic saw an 11.28 per cent rise to 1.46 crore passengers in January, with IndiGo's market share reaching 65.2 per cent. Air India Group's share fell to 25.7 per cent. Akasa Air and SpiceJet increased their shares to 4.7 per cent and 3.2 per cent, respectively. IndiGo led in On Time Performance at 75.5 per cent, and 41,119 passengers were impacted by flight cancellations.

  

• SpiceJet to re-introduce grounded Boeing 737 MAX, service high demand intl routes

  To expedite the restoration of its MAX fleet, SpiceJet has partnered with StandardAero Inc, a leading US-based engine maintenance, repair, and overhaul (MRO) provider, as well as CFM International, Inc., the original equipment manufacturer (OEM) for LEAP-1B engines. As part of its comprehensive fleet restoration plan, SpiceJet aims to reintegrate ten aircraft, including four Boeing 737 MAX planes, by mid-April 2025.

  

• SpiceJet expands services to Prayagraj for Maha Kumbh 2025 with new direct flights

  SpiceJet is expanding services for the Maha Kumbh 2025, with new direct flights to Prayagraj from Guwahati, Chennai, and Hyderabad. Additionally, the airline is increasing frequencies from Delhi, Mumbai, Ahmedabad, Jaipur, and Bengaluru. These special flights will run from February 1 to February 28, 2025, ensuring seamless connectivity for pilgrims attending the world’s largest spiritual gathering.

  

• SpiceJet to reintroduce 10 aircraft, boosting fleet and network expansion

  SpiceJet is set to unground 10 aircraft, including four Boeing 737 MAX planes, by mid-April 2025, strengthening its fleet and expanding network capabilities. This move follows the airline’s addition of 10 planes since October 2024 and aims to improve connectivity with over 60 new flights. SpiceJet is committed to growth and operational excellence.

  

• Hotel, airline stocks plunge over 6 per cent as India reports 3 cases of HMPV

  Hotel and airline stocks fell significantly after three cases of Human Metapneumovirus were confirmed in India. This led to a market sell-off due to fears of another outbreak. Meanwhile, hospital stocks rose as the health sector remains vigilant. The health ministry is monitoring the situation and tracking HMPV trends to manage the potential health impact.

  

• Air travel boom fails to lift ticket prices

  Indian airlines face difficulty increasing fares to cover rising costs and make profits, despite a significant post-Covid recovery in passenger traffic. Competitive market dynamics and high fuel prices are primary challenges. Consolidation in the industry, including recent mergers and airline closures, hasn't benefited airlines. IndiGo and Air India carry most domestic passengers, maintaining competitive fares to attract customers.

  

• Airlines' shares gain as record 5 lakh flyers travel in a single day

  India's domestic air traffic hit a new record, exceeding 500,000 passengers in a single day for the first time, driven by festive and wedding season travel. This milestone, achieved on November 17th, highlights the aviation sector's growth and increased accessibility. However, airlines have faced challenges maintaining on-time performance due to factors like dense smog, impacting visibility and causing delays.

  

• Delhi airport: 14 flights diverted, many delayed due to bad weather

  Delhi airport experienced significant disruptions on Monday due to poor visibility caused by bad weather. 14 flights faced diversions to Jaipur and Dehradun, primarily between 8:30 am and 3 pm. The diversions were necessary as some pilots lacked CAT III training, which is required for operating in low visibility conditions.

  

• SpiceJet settles dispute with Canada's EDC; takes ownership of 13 Q400 planes

  SpiceJet has successfully resolved a USD 90.8 million dispute with Export Development Canada for USD 22.5 million, resulting in substantial savings and ownership of 13 Q400 aircraft. This settlement strengthens the airline's financial position and enables the return of the aircraft to service, according to Chairman and Managing Director Ajay Singh.

  

• Funding impact: SpiceJet says to relaunch seaplane operations next year

  SpiceJet is set to relaunch seaplane operations in India by 2025, aiming to connect remote regions. With rights to operate on 20 routes, the airline plans to leverage seaplanes to overcome infrastructure limitations and enhance regional connectivity. This comes after a brief, unsuccessful attempt in 2022 due to financial constraints.

  

• SpiceJet launches 32 new flights for winter schedule starting October 27

  SpiceJet announces 32 new flights for its winter schedule starting October 27, 2024, including domestic routes and two daily non-stop services between Delhi and Phuket. The expansion aims to enhance connectivity and offer more travel options. Additionally, SpiceJet will add 10 new planes by November and has introduced new UDAN flights.