Category Archives: SpiceJet

SpiceJet loses its appeal in winding-up case in Madras High Court

SpiceJet’s first 737 MAX 8 takes-off from Boeing Field in Seattle, Washington (Craig Larson photo).

From Bloomberg/Quint:


SpiceJet is on the brink, can it survive again?

The Madras High Court has ordered the slow dismantlement of SpiceJet after it failed to pay the bills of SR Technics for maintenance on their aircraft.

The past due bills are reportedly total around $24 million.

The court put the ruling in abeyance for three weeks provided the airline finds around $5 million.

The airline has stated it will appeal the court decision.

Ajay Singh to the rescue?

Previously the airline issued this financial report last month:

SpiceJet cuts down net loss to INR 561.7 Cr in Q2 FY2022 from INR 729 Cr in Q1 FY2022

Reports EBIDTAR profit of INR 50.6 Cr, 149% growth Quarter on Quarter

Strong showing in passenger business – highest domestic load factor of 78%, increase in passenger revenue by 53%, yield up by 30%, flight departures increase by 39% as compared to Q1 FY2022

Positive tailwinds: Return of the 737 MAX in Q3 FY2022, settlement with majority of MAX lessors, transfer of logistics business, shareholder approval for fund raise of up to INR 2500 Cr

For the Quarter ending September 2021

  • Sustained market leadership in passenger RASK amongst listed Indian peers
  • Capacity (in terms of Seat Kilometres) increased by 7% as compared to the last quarter
  • Passenger revenue increased by 53% Quarter on Quarter
  • Yield up by 30% Quarter on Quarter
  • Flight departures increase by 39% Quarter on Quarter
  • Shareholders approve fund raise of up to INR 2,500 Crore through QIP
  • Significant contribution of 20% in passenger revenue from charter services
  • EBIDTAR profit of INR 50.6 Crore

Key highlights for the quarter – SpiceXpress

  • Shareholders approve transfer of cargo and logistics services business to SpiceXpress and Logistics Private Limited
  • SpiceXpress’s network spans over 69 domestic & 107 international destinations including to US, Europe and Africa
  • Carried more than 45,000 tonnes of cargo in Q2 FY2022
  • Operating a fleet of 17 cargo aircraft including 7 wide-body planes

Key highlights for the quarter – Passenger

  • Launched 27 new routes during the quarter, including 12 industry-first flights
  • Added Bhavnagar to its domestic network
  • Operated 325 charters to various countries including Armenia, Serbia, Albania, Maldives, Seychelles, Tashkent, Italy, Saudi Arabia transporting over 43,000 passengers
  • Operated long-haul flights from Maldives to Toronto on Boeing-767 wide-body aircraft
  • Launched Forex services in partnership with BookMyForex
  • Entered into an exclusive partnership with EaseMyTrip for holiday bookings
  • Trialled the IATA travel pass on Maldives & Dubai sectors
  • Finalised settlements terms with Avolon and CDB Aviation – two of its major lessors of MAX aircraft. Positive discussion underway with other lessors as well
  • Made it to the prestigious Skytrax “World Top 20 LCC” rankings for the first time

Current highlights for the quarter – Passenger

  • Launched a new platform to book Tours, Activities and experiences in partnership with Thrillophilia
  • First Indian airline to be awarded ‘Diamond’ rating for upholding flight health and safety amid Covid pandemic from APEX Health Safety
  • Launched its new website aimed at providing an enhanced customer experience
  • Celebrated India’s 100 crore vaccination milestone with special aircraft livery
  • First & only airline to launch non-stop flights connecting Delhi with Tirupati

SpiceJet, the country’s favorite airline and the leading logistics platform, cut down its net loss in the traditionally weak Q2 despite Covid-19 continuing to affect demand. On a standalone basis, the net loss was reduced to INR 561.7 crore as against INR 729 crore in the first quarter of FY2022.

Total revenue was INR 1,539 crore for the reported quarter as against INR 1,266 crore in the last quarter. For the same comparative period, operating expenses were INR 2,100 crore as against INR 1,995 crore. On an EBITDA basis, loss was INR 106.5 crore for the reported quarter as against loss of INR 244 crore for the last quarter.

The Company’s business operations continued to be significantly impacted due to the second wave of Covid-19 which continued to impact travel demand negatively during the quarter ended September 2021.

SpiceXpress continued with its upward performance reporting increased revenue of INR 497 crore for the reported quarter as compared to INR 473 crore in the last quarter, a jump of 5%. The reported quarter though witnessed a negative cash flow as the continuing rise in fuel costs could not be passed on to our customers due to committed long term contracts. These have now been re-negotiated and corrected to suit the present operating cost environment.

Ajay Singh, Chairman and Managing Director, SpiceJet, said, “We have made excellent progress in our recovery and I expect this trend to continue forward in the coming quarters. With the nationwide vaccination drive growing at an unprecedented pace across geographies, there is a significant jump in travel demand and we are very excited about the demand recovery. The settlement with key lessors, the return of the 737 MAX in the current quarter (Q3), transfer of the logistics business and some very significant announcements lined up soon are all positive tailwinds that should have a significant impact on our long term plans.”

“The return of the 737 MAX comes at the perfect time for us with passenger traffic picking-up and the government allowing airlines to operate at full capacity. We look forward to inducting additional capacity in the form of our 737 MAX aircraft that will upswing our operational efficiencies and provide significant cost saving capabilities.”

In terms of operational parameters, SpiceJet had the best passenger load factor amongst all airlines in the country during the quarter. The average domestic load factor for the quarter was 78%.

In the reported quarter, SpiceJet received shareholders’ approval to transfer its cargo and logistics services business to its subsidiary, SpiceXpress and Logistics Private Limited, as a going concern, on slump sale basis valued at INR 2,555.77 crore. The transfer of the logistics business once consummated will result in a one-time gain for SpiceJet wiping out a substantial portion of the company’s negative net worth.

SpiceJet has also finalized terms of settlements with Avolon and CDB Aviation, two of its major lessors of 737 MAX aircraft. These settlements and operations of 737 MAX aircraft will result in significant savings for the airline. The airline expects to start flying its MAX aircraft soon once all regulatory approvals have been received.

Route Map:

SpiceJet aircraft slide show:

SpiceJet aircraft photo gallery:

SpiceJet to resume Boeing 737 MAX operations on October 5

"White Pepper"

From the the Times of India:

Top Copyright Photo: SpiceJet Boeing 737-8 MAX 8 VT-MXM (msn 60225) PAE (Nick Dean). Image: 948124.

SpiceJet aircraft slide show:


SpiceJet to trial the IATA Travel Pass

SpiceJet made this announcement:

In a step towards building passenger confidence as international travel picks up, SpiceJet will begin trial of IATA (International Air Transport Association) Travel Pass mobile app for digital health verification. The trial will be conducted on flights out of Mumbai to Male effective August 23, 2021.

The IATA Travel Pass is a mobile application that helps travelers to store and manage their verified certifications for Covid-19 tests or vaccinations. The Travel Pass will manage and verify the traveller’s COVID-19 status in line with governments’ health and border requirements.

In another significant development, SpiceHealth has been on-boarded by IATA as a lab partner for the Travel Pass trial. SpiceHealth is a healthcare company founded by the promoters of SpiceJet.

SpiceHealth has emerged as the fastest-growing diagnostic lab in the country – having conducted more than 3.5 million RT-PCR tests since its launch in November 2020. SpiceHealth laboratories are accredited by National Accreditation Board for Testing and Calibration Laboratories and Indian Council of Medical Research. SpiceHealth currently operates 21 labs and collection centers for RT-PCR and rapid antigen testing spread across eleven cities in India. Besides, the Company also operates seven vaccination centers across five states.

Other news: SpiceJet launches 14 domestic routes:


SpiceJet brings in oxygen concentrators to India from China, defers 50% of its employee’s salaries

"White Pepper"

SpiceJet is doing its part to help in the COVID-19 surge in India. The company has brought in over 4,400 oxygen concentrators to India from China in the past two weeks. The company made this announcement on social media:

In other news, SpiceJet is reeling due to the COVID crisis in India. The airline is deferring up to 50% of its employee’s salaries for April due to a capital crunch and a severe drop in passenger traffic.

Top Copyright Photo: SpiceJet Boeing 737-8 MAX 8 VT-MXM (msn 60225) PAE (Nick Dean). Image: 948124.

SpiceJet aircraft slide show:

SpiceJet signs MOU with Avenue Capital Group for financing, acquisition and sale and lease‐back of up to 50 aircraft

SpiceJet has signed a Memorandum of Understanding (MOU) with Avenue Capital Group, New York, for a strategic alliance in respect of the financing, acquisition and sale and lease‐back of 50 new planes to be ordered by the airline.

The MOU sets out the next steps and conditions upon which Avenue, as part of the strategic alliance with SpiceJet, will assist with placing of SpiceJet’s new aircraft portfolio including sale and lease‐back of and also assumption of ownership of potentially up to 50 of these aircraft.

SpiceJet aircraft photo gallery:

SpiceJet aircraft slide show:

Gulf Air and SpiceJet to explore options to work together

Gulf Air, the national carrier of the Kingdom of Bahrain, and SpiceJet, India’s favorite carrier, signed a Memorandum of Understanding (MoU) to explore greater cooperation between the two airlines including an interline and codeshare agreement, coordinated cargo services, engineering services and pilot training. The MoU was signed by Mr. Krešimir Kučko, Gulf Air’s Chief Executive Officer and Mr. Ajay Singh, Chairman and Managing Director at SpiceJet.

Besides looking at a codeshare and interline agreement, the scope of the MoU includes the two airlines exploring growth opportunities beyond network expansion by leveraging each other’s strengths. Gulf Air and SpiceJet will look at collaborating in the field of pilot training to nurture talent in order to deliver the finest resources for both the airlines. The airlines will also engage and collaborate to enhance their respective cargo and engineering services. The signing of this MOU between the two carriers aims at initiation of collaboration between the two carriers, and further strengthening the strong ties between India and the Kingdom of Bahrain.

Gulf Air currently operates 82 weekly flights to eight destinations in India: Mumbai, Delhi, Chennai, Thiruvananthapuram, Cochin, Hyderabad, Calicut and Bangalore. SpiceJet currently operates flights to more than 50 destinations within the Republic of India.

SpiceJet to open a hub in Ras al-Khaimah, UAE

SpiceJet has announced its intention to build its first international hub in the United Arab Emirates, specifically in Ras al-Khaimah. The UAE’s emerging travel destination, which will serve as a new home for India’s affordable SpiceJet. More on the news below:

  • SpiceJet chairman and managing director Ajay Singh stated India’s second-largest airline would use this new hub to extend its range as far as Western Europe. SpiceJet flights between New Delhi and Ras al-Khaimah should begin in December.
  • SpiceJet, which Singh retook control of in 2015, has embarked on an expansion. It operates a fleet of 111 Boeing and Bombardier aircraft and flies to over 50 Indian destinations and a handful of international routes, including Dubai.
  • Under the plan, SpiceJet would begin flights in Ras al-Khaimah, then work over the coming months to create the hub there, either under the SpiceJet name or another. It will maintain its flights to Dubai.

The opening of the international hub is one of many exciting ventures happening in Ras al-Khaimah, which has emerged as the leading UAE destination for those seeking a culturally-immersive experience with luxury amenities and rich history. Beyond the SpiceJet hub, this hidden gem is on a mission to host the world’s largest firework show during New Year’s Eve 2020. Celebrity guests, renowned performers, events, games and more are currently in the works to culminate the never-before-seen celebration.

SpiceJet aircraft photo gallery:

SpiceJet Boeing 737-800 skids off the runway while landing at Shirdi Airport

SpiceJet Boeing 737-800 (VT-SGJ) overshot the runway while landing at Shirdi Airport on Monday. Flight SG946 was operating from Delhi to Shirdi, India with 164 passengers and crew members on board. There were no reported injuries.

Read more from India Today: CLICK HERE

Emirates to expand reach in India with SpiceJet codeshare partnership

Emirates Airline Airbus A380-842 A6-EUW (msn 240) AMS (Ton Jochems). Image: 946247.

With the demise of Jet Airways, SpiceJet is becoming the real winner in India.

Emirates has announced it is expanding it relationship with SpiceJet:

Emirates and SpiceJet have signed a Memorandum of Understanding (MoU) (above) to enter into a reciprocal codeshare agreement, which is set to open new routes and destinations for passengers travelling between India and popular destinations across Africa, America, Europe and the Middle East.

Subject to necessary government approvals, the partnership will enable Emirates’ passengers to enjoy seamless connectivity on flights to India, leveraging SpiceJet’s strong domestic presence and adding six new destinations: Amritsar, Jaipur, Pune, Mangalore, Madurai and Calicut – to the nine existing cities in India served by Emirates. This will bolster Emirates’ already-extensive network adding a total of 67 weekly connections between Emirates’ hub in Dubai to these six fast growing destinations in India. This includes increased domestic connectivity  from Emirates’ nine Indian gateways to points such as Goa, Hubli, Guwahati, Vishakhapatnam and Tuticorin which would allow for a greater variety of travel options between both Emirates and SpiceJet flights.

“Our journey in India has been defined by progressive investment, partnership and growth. We constantly try to improve and provide our customers with greater flexibility and travel choices. This partnership with SpiceJet and the mutual expansion of our network will go a long way in further enhancing the travel experience of our customers in India as well as those heading into India, benefiting travellers and businesses alike,” said Adnan Kazim, Emirates’ Divisional Senior Vice President, Strategic Planning, Revenue Optimization and Aeropolitical affairs.

Passengers travelling from India will have more choice to travel seamlessly with minimum connection times, when flying to destinations in Emirates’ Europe network such as London, Paris, Frankfurt, Manchester and Amsterdam. The codeshare agreement will also open up flights for Indian travellers to North and South American destinations such as New York, Washington, Toronto, and Sao Paulo as well as Middle Eastern destinations such as Jeddah, Kuwait and Amman, operated by Emirates.

SpiceJet passengers travelling from Delhi, Mumbai, Ahmedabad, Kochi, Amritsar, Jaipur, Pune, Mangalore, Madurai, Kozhikode and 41 other domestic destinations that the airline operates to, will be able to access Emirates’ expansive network across the globe. Optimized scheduling will allow for minimal transit times between India and these global destinations and travellers on these codeshare routes will be able to book connecting flights using a single reservation.

“I am delighted to announce that as part of SpiceJet’s international expansion strategy, we have signed a MoU for a codeshare agreement with Emirates. This new partnership should immensely benefit passengers travelling on both airlines. While SpiceJet passengers from across India will be able to enjoy seamless connectivity leveraging Emirates vast network across Europe, Africa, America and the Middle East those travelling to India on Emirates will be able to travel to 51 destinations across our domestic network,” said Ajay Singh, Chairman and Managing Director, SpiceJet.

SpiceJet is India’s second-largest airline in terms of domestic market share.  Founded in 2005, it now serves 51 cities in India and nine international destinations.

In other news, Emirates lists its efforts to safeguard and support fragile ecosystems:

Taking its environmental responsibilities seriously and championing wildlife conservation across different corners of the planet, the Emirates Group is playing its part to support and preserve biodiversity.

The Dubai Desert Conservation Reserve and Emirates One&Only Wolgan Valley in Australia both illustrate the Group’s long-standing focus on protecting fragile ecosystems and support for sustainable tourism in very different parts of the world.  Both conservation reserves protect valuable ecosystems and at the same time provide unique and sustainable experiences for visitors from around the world.

The Dubai Desert Conservation Reserve

The Emirates Group funds the operations of the 225 square kilometre Dubai Desert Conservation Reserve (DDCR), an inland desert habitat that has been protected by government mandate since 2003. This is the largest piece of land that Dubai has dedicated to a single project and aims to preserve Dubai’s unique desert environment for future generations. The DDCR plays an important role in ecological research, actively collaborating with both local and international universities. The findings and results of the research studies help to enhance knowledge of the desert ecosystem, gather scientific data around rare and endangered desert species, monitor its balance and preserve its natural environment.

The reserve is also a focal point for conservation programmes aimed at restoring populations of some of the UAE’s wildlife, such as the Arabian gazelle, sand gazelle and Arabian oryx. Since their reintroduction into the DDCR, the antelope species have thrived, and their populations have significantly increased, triggering the process of looking into relocating some oryx and gazelle species to other protected areas within the region. Over 250 endangered Macqueen’s bustard (houbara) were also released this year with 25 of them fitted with tracking devices to monitor their movement and breeding progress.

In 2018, the DDCR was visited by more than 285,000 tourists, through Arabian Adventures, various Emirates partner tour operators, and the Al Maha Desert Resort. The DDCR offers low-impact desert experiences in addition to desert clean-up activities in coordination with Arabian Adventures. During 2018 the DDCR was accepted as a candidate for the IUCN Green List for Protected and Conserved Areas, a global standard for the world’s most effectively managed Protected Areas.

Emirates One and Only Wolgan Valley

Emirates has been supporting the protection of Australia’s extraordinary wildlife and plant life for over 10 years, through the conservation-based Emirates One&Only Wolgan Valley in New South Wales. The property was the first luxury resort in the world to receive an internationally-recognised carbon neutral certification from New Zealand based CarboNZero, undergoing a comprehensive greenhouse gas emissions assessment. Emirates One&Only Wolgan Valley also conducts regular research to identify opportunities and challenges for endangered species conservation. Efforts have also been underway to help restore vital vegetation and tree planting activities, which have helped to re-establish habitats for vital bird populations, essential for their long term survival.

Emirates and Emirates One&Only Wolgan Valley jointly funded the development of the WomSAT app and website in collaboration the University of Western Sydney to help researchers identify opportunities for wombat conservation. Wombats are threatened by sarcoptic mange, an unpleasant and often fatal skin disease that afflicts Australia’s largest burrow builder. The tool is used to record wombat sightings and track population health to help treat wombats afflicted by sarcoptic mange. Emirates One&Only Wolgan Valley is also spearheading a number of other conservation projects, such as the Wolgan River Restoration Project, an ongoing weed management programme, and supporting research projects with Western Sydney University.

United for Wildlife and The Buenos Aires Declaration

Since 2015, Emirates has continued its strong support for actions to stem the illegal trade in wildlife and wildlife products, which is having devastating consequences for endangered animals and the environment in many parts of the world. In 2018, the Emirates Group also signed the Buenos Aires Declaration on Travel and Tourism and Illegal Wildlife Trade, an effort led by the World Travel & Tourism Council (WTTC) to reach a billion travellers with messages to fight the illegal wildlife trade and work with communities to develop sustainable tourism that provides livelihoods and protects wildlife. The WTTC and World Wildlife Fund are developing guidelines to eliminate illegal wildlife trafficking from the travel and tourism supply chains.

The Emirates Group has also adopted a zero-tolerance policy to wildlife trafficking and has set up training for its employees to identify and look out for warning signs of smuggled wildlife products during cargo transportation and screening. Emirates will not carry banned species, hunting trophies or any products associated with illegal wildlife activities.

Using its brand power to raise awareness around the illegal trafficking of endangered wildlife, Emirates emblazoned four of its A380s with special wildlife decals. Since then the aircraft have flown millions of kilometres across 48 cities in 29 countries on close to 6,000 flights taking this important message around the world and spurring conversation around wildlife preservation.

dnata Wildlife Conservation and Nature

dnata recently signed an MOU with the University of Pretoria in South Africa to support their research and rehabilitation projects. Under dnata4good, the partnership aims to safeguard wildlife and the environment by strengthening and enhancing research, veterinary training and awareness, increasing involvement through volunteer opportunities and ensuring needed measures are taken to care for injured animals and rehabilitate them to go back into the wild. The initiative will be partially driven by employee participation to protect fragile biodiversity in South Africa and to maintain balanced ecosystems.

Give a Ghaf

Emirates Group employees living in Meydan Heights (UAE) will be taking part in a Ghaf Tree planting event on 27 April in partnership with Goumbook. The event aims to raise awareness about the importance of conserving the living desert, with a specific focus on the Ghaf tree. The Ghaf is a drought tolerant, evergreen tree which can withstand harsh desert environments, and can be used for greening purposes whilst saving water.

Top Copyright Photo (all others by the airline): Emirates Airline Airbus A380-842 A6-EUW (msn 240) AMS (Ton Jochems). Image: 946247.

Emirates aircraft slide show: