Budget carrier SpiceJet has teamed up with Isha Foundation of Sadhguru to conduct mid-air yoga sessions on some of its Boeing flights on Sunday.
SpiceJet crew and the Isha Foundation instructors will perform Upa Yoga at a height of 35,000 feet on June 21, the International Yoga Day.
According to the airline, approximately 50 dedicated Isha instructors and SpiceJet crew members, who have been specially trained to perform Upa Yoga, will undertake a 10-minute session onboard select Boeing flights across the SpiceJet network.
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MUMBAI: SpiceJet may take Airbus A320s on short term wet lease to expand its network while it waits for more Boeing planes to join its fleet.
A source in the know said the decision is “need based”. He didn’t elaborate how many will be taken.
The airline currently has 20 operational Boeing 737 planes and 14 Bombardier Q400s in its fleet. It recently said it wants to expand to 50 planes by March.
Mixing the fleet further comes as a surprise. But the person quoted above said inducting the planes on wet lease however means SpiceJet doesn’t have to pay for crew, maintenance or insurance.
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Budget carrier SpiceJet is looking to expand its fleet after giving immediate attention to regaining consumer confidence, co-promoter and chairman Ajay Singh has said.
“Under a detailed plan to bolster its fortunes, SpiceJet’s immediate priority is to further regain consumer confidence before embarking on fleet expansion,” Ajay Singh said at an event here on Saturday to mark the airline’s 10th anniversary.
“SpiceJet is on a highly visible upswing again. Funding requirement depends on how much the company needs. We are looking at expanding the fleet,” he said.
Ajay Singh, who said he has so far invested about Rs.800 crore in SpiceJet, had reassumed the reins as chairman and managing director last December after the company was hit by a major crisis.
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CHENNAI: Private sector lender City Union Bank has received the first batch of repayment of Rs 100 crore from low-cost air carrier SpiceJet, a top official said on Saturday.
“Our exposure to SpiceJet is Rs 200 crore. We received Rs 100 crore as repayment. So 50 per cent of the payment been repaid…,” City Union Bank, Managing Director and CEO, N Kamakodi told reporters here.
“We are in continuous discussion and the repayments have been made without any problem…The first Rs 100 crore was paid before March 31, 2015. I think they will repay the balance over a period of time,” he said.
Declaring annual financial results of the bank, Kamakodi said, net profits jumped 18.8 per cent to Rs 99.07 crore in the fourth quarter ending March 31 from Rs 83.34 crore registered during year ago period.
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MUMBAI: SpiceJet announced a 5 hour flash sale on Friday with a 10% discount on select flight, its second offer this week to celebrate “10 years of flying”.
Passengers can avail of this offer between 10 am and 3 pm on Saturday. The tickets can be booked for travel between July 1 and October 15.
Last Tuesday, the airline announced fares as low as Rs 1,010 for three days starting May 19 for travel between July and mid-October. It is not applicable for the dates July 16 to 20 and October 1 to 5.
On Wednesday it said it has registered a rise of 400% in booking volume on the first day of the fare sale as compared to a normal day.
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NEW DELHI/MUMBAI: Spice-Jet plans to raise a low-cost debt of Rs 300 crore as part of recapitalisation to shore up its finances after the budget carrier changed hands earlier this year, said a senior executive.
The debt is likely to be used to part-fund the airline’s expansion plan. In a filing to the stock exchange on Thursday, SpiceJetBSE 1.69 % said it plans to expand its fleet by 40 per cent to 50 planes by March 2016.
SpiceJet’s promoter Ajay Singh has put in Rs 550 crore into the airline. Singh, who took over from media baron Kalanithi Maran in February, had earlier indicated that a total of Rs 1,200 crore will be pumped into the struggling carrier and a “blue-chip investor” was brought on board.
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NEW DELHI: Budget carrier SpiceJet today introduced four new services for travellers, albeit for a price, weeks after aviation regulator DGCA gave a free hand to domestic carriers to charge for extra services such as choice seat and extra baggage among others.
The move would help the Gurgaon-based airline to increase its ancillary revenue by a significant extent.
SpiceJet Assist is a service that provides assistance to passengers at the airport for both departure and arrival and comes at an introductory fee of Rs 500 per passenger per sector, the airline said in a statement.
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