Spice Jet not likely to survive
Feb 1, 2022, 8:32 am
#1
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Spice Jet not likely to survive
https://www.ndtv.com/business/suprem...-weeks-2734479
SpiceJet has only about 3 weeks to come with a plan to pay Credit Suisse, which is the collection agent for SR Technics, the MRO company. This airline is limping along for the last few years, dont think it will make it this time. As it is Spice Jet's schedule has shrunk considerably and the few remaining routes which will be out of service soon, will not be missed much.
SpiceJet has only about 3 weeks to come with a plan to pay Credit Suisse, which is the collection agent for SR Technics, the MRO company. This airline is limping along for the last few years, dont think it will make it this time. As it is Spice Jet's schedule has shrunk considerably and the few remaining routes which will be out of service soon, will not be missed much.
Feb 2, 2022, 5:48 am
#4
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Haven't used them in a very long time but I've heard they have been struggling. At this point in time I don't think more than 2 or 3 carriers can survive in the Indian market. I wouldn't be surprised if the year ends with Indigo, Go First & the Tata collaboration of Air India-Vistara-Air Asia being the only 3 airlines left standing in India.
Feb 2, 2022, 11:50 pm
#5
Join Date: Jan 2021
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Haven't used them in a very long time but I've heard they have been struggling. At this point in time I don't think more than 2 or 3 carriers can survive in the Indian market. I wouldn't be surprised if the year ends with Indigo, Go First & the Tata collaboration of Air India-Vistara-Air Asia being the only 3 airlines left standing in India.
Feb 3, 2022, 12:23 am
#6
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I don't know what Akasa can manage with the current aviation sector in India right now. I just don't see a possibility that airlines will be successful in the country if there are more than 2 (maybe 3) carriers.
Feb 3, 2022, 12:30 am
#7
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Star Air is there still, but they're a small operation. I personally think Akasa's famous promoter will give the airline it's initial push, hang with it for a while & get it's value nicely propped up and then ultimately sell of his stake exiting the aviation market.
Feb 3, 2022, 1:16 am
#8
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Star Air and other regional carriers will sustain only as long as the UDAN scheme exists...most of those routes are not viable without the subsidy.
Feb 3, 2022, 8:27 am
#9
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Feb 3, 2022, 8:44 am
#10
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Part of the reason I wished SpiceJet won the bid is to see AI sink. I just can't stand that airline and Vistara & others bloom in its place.
Feb 3, 2022, 11:56 pm
#11
Join Date: Jan 2021
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Most likely Tata will retire the Vistara branding at a future date. It has no recognition outside the country unlike the AI brand which has global recognition especially among the Indian diasporas abroad.
Feb 4, 2022, 12:24 am
#12
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Spice and now Akasa are benefactors of the tremendous amounts of money sloshing around in the markets looking for a home. With financial markets tightening you will see a few stars fall from the sky. Jet 2.0 was uncertain to get money even then, so its pretty much dead on arrival for 2022.
Feb 4, 2022, 10:41 am
#13
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Spice and now Akasa are benefactors of the tremendous amounts of money sloshing around in the markets looking for a home. With financial markets tightening you will see a few stars fall from the sky. Jet 2.0 was uncertain to get money even then, so its pretty much dead on arrival for 2022.
It's all the loose money that gets even pie-in-the-sky dreams financed, more so than when monetary policy and/or fiscal policy is tight.
Feb 10, 2022, 5:35 am
#15
Join Date: Jan 2021
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Interesting (if optimistic) piece on Spicejet and its current owner: https://www.fortuneindia.com/long-re...picejet/107048
Observers say two other factors worked in the airline’s favour. One is Singh’s “come hell and high water” attitude, which pushes him to find an opportunity in adversity. Two, is his ability to retain peace of mind and maintain a calm temperament even as hell breaks loose around him.