SpiceJet scrip fall 8% as Max 737 aircraft grounded
India | March 15, 2019 7:05 ISTThe DGCA has said that the Boeing 737 MAX planes will be grounded till appropriate modifications and safety measures are undertaken to ensure their safe operations.
The DGCA has said that the Boeing 737 MAX planes will be grounded till appropriate modifications and safety measures are undertaken to ensure their safe operations.
Airfares were at least 15 percent higher this year compared to last year, and owing to the current situation, airfares are expected to rise further this season," said Sharat Dhall, Chief Operating Officer (B2C), Yatra.com
SpiceJet has cancelled 14 flights in wake of India's civil aviation authorities decision to ground the Boeing 737 max aircraft by 4 pm today. The DGCA's decision comes after growing concerns on the safety of the aircraft in wake of Ethiopian Airlines aircraft carsh that killed 157 people. Almost half of the world, including Europe, China and Australia have banned the 737 Max 8 from its airspace.
As many as 149 passengers, including Indians, were killed when a Boeing 737 MAX plane operated by Ethiopian Airlines crashed soon after taking off from Addis Ababa.
The shares of major aviation stocks surged by nearly 14 per cent on Wednesday.
The airline will operate direct flights on the Kolkata-Pakyong-Kolkata route daily under the Centre's regional connectivity scheme UDAN, the statement said.
According to an ANI report, the flight utilised 75 per cent of aviation turbine fuel and 25 per cent of biofuel.
Low-cost carrier SpiceJet is considering entering into major business partnerships with two American companies
State-run Air India is the only airline now on the domestic sector which allows passengers to carry up to 25 kg baggage free.
Two SpiceJet pilots operating a Varanasi to Hyderabad flight on Tuesday morning have been grounded, confirmed a spokesperson of the airline.
The clarification follows media reports on air hostesses protesting at the Chennai airport after they were allegedly strip searched by the airline's own security personnel.
The crew alleged that they were searched after de-boarding on the suspicion that they were swindling cash collected from the sale of food and other items on-board.
At current exchange rate, the deal is worth more than Rs 81,000 crore and is one of the biggest in the aviation sector.
SpiceJet said that there were no casualties or any injuries to the 199 passengers due to the incident.
849.94 lakh passengers travelled on domestic flights during January-September 2017 as against 726.98 lakh during the corresponding period of previous year.
SpiceJet CMD Ajay Singh informed that an amphibian plane costs around $4 million, translating into a cost within the range of about Rs 2,600 crore for over 100 such planes that the budget carrier plans to buy.
According to SpiceJet, the new order is the single largest ever for the Q400 turbo-prop aircraft programme.
With the SpiceJet aircraft stuck in the mud, the main runway had to be closed for over 24 hours leading to nearly 180 flights being cancelled.
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