Tag Archives: Ajay Singh

According to SpiceJet, the company’s founder, Ajay Singh, will invest ₹294.09 crore into the airline by converting warrants into equity shares, increasing his group’s stake from 29.11% to 33.47%. The investment aims to strengthen the airlines’s financial position, drive growth, and showcase confidence in its future.

Ajay Singh, CMD, SpiceJet, has said, “The budget is growth oriented and yet prudent and responsible. Coming as it does in a year when India has assumed the presidency of the G20, it is an object lesson in how an economy should be managed in a crisis.”

Ajay Singh, Chairman and Managing Director, SpiceJet said that the sharp increase in jet fuel prices and the depreciation of the rupee have left domestic airlines to raise fares and a minimum 10-15% increase in fares is required to ensure that cost of operations are better sustained. 

Ajay Singh, CMD, SpiceJet, has said that India with its size and being the fastest growing aviation markets in the world, needs to have its own hub and global carriers that can take Indians directly to destinations in Europe or the USA, so that we can bypass their hubs.

Ajay Singh, CMD, SpiceJet, at a post-budget interaction with Finance Minister Nirmala Sitharaman, put forth the difficulties being faced by civil aviation, travel, tourism and hospitality sectors. He requested her to consider granting infrastructure status to these sectors to facilitate lending by banks and financial institutions. He also requested the Hon’ble Finance Minister’s support for inclusion of Aviation Turbine Fuel under GST. The FM gave a positive response to consider these issues.

SpiceJet on  Thursday said it 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, as a step towards building passenger confidence as international travel picks up. Ajay Singh, Chairman and Managing Director, SpiceJet, said, “SpiceJet is proud to collaborate with IATA to trial IATA’s Travel Pass initiative. Passenger safety and comfort has always been our top priority and the introduction of the Travel Pass will make the verification process absolutely simple and hassle-free, boost both passenger and government confidence and make international travel more efficient and secure.” “I am happy that IATA has confirmed SpiceHealth labs for the Travel Pass trial enabling it to securely share certified test and vaccination certificates with passengers that will be recognized by governments abroad.” “Adding SpiceJet to the growing list of airlines trialling IATA Travel Pass is another step towards demonstrating to governments how digital solutions can effectively manage both COVID-19 vaccine and test certificates for travel. IATA Travel Pass will simplify and enhance compliance with health requirements for SpiceJet’s passengers, facilitating a more seamless experience,” said Nick Careen, IATA’s Senior Vice President for Operations, Safety,and Security. The IATA Travel Pass is a mobile application that helps travellers 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 …

Ajay Singh, Chairman & Managing Director, Spicejet, has said that we need to use this opportunity to try and collect the imbalances in the industry like the structural problems, get aviation turbine fuel under GST and make this crisis into an opportunity. He was speaking at a webinar organised by PHD Chamber of Commerce and Industry. Singh also lauded the government on resumption of flight operations and putting in place a contactless digital experience for travellers. He shared that there is a need to build confidence among the masses which can be done with the dissemination of information.

Ajay Singh, CMD, SpiceJet, has said that flying is currently the safest way to travel and there is no reason to feel that the air inside the cabin can be contaminated. “The air in an aircraft flows from top to bottom, and doesn’t really circulate in the cabin. Once it flows out of the cabin, it goes through HEPA filters which, according to manufacturers, clean 99.99 per cent of all contaminants in the air. Hence, we believe that flying is by far the safest way to travel. In buses, metros and trains, having this kind of pure air is not possible. We are providing a controlled environment with a set of tools and safeguards, making sure that it is the safest mode of travel,” he said while speaking at the GMR webinar recently.

SpiceJet is set to start a daily direct flight between Hyderabad and Jeddah from March 25. This is the ninth foreign destination of the airline. SpiceJet will operate its new 189-seater Boeing 737 MAX aircraft on the route, the airline said in its press statement. It also announced a special fare of Rs 13,499 (all-inclusive) for the Hyderabad-Jeddah flight and Rs 10,799 (all inclusive) for Jeddah-Hyderabad flight. Ajay Singh, Chairman and Managing Director, SpiceJet, said, “It is a moment of great pride for us as we introduce Jeddah as our ninth international destination, thus becoming the first Indian budget airline to fly to Saudi Arabia. Our new flight from Hyderabad will greatly benefit thousands of pilgrims travelling to Saudi Arabia and our state-of-the-art Boeing 737 MAX promises an unparalleled experience to all our guests,” he said. SpiceJet’s flight SG 33 will depart from Hyderabad’s Rajiv Gandhi International Airport at 7:10 am (local time) and arrive in Jeddah at 11:05 am (local time) the same day. The return flight, SG 34, will depart at 12:05 pm (local time) and reach Hyderabad at 8:25 pm (local time). Source: PTI

After the Annual General Meeting of the World Travel & Tourism Council, India Initiative (WTTCII), the company has appointed many office bearers for the year 2019. Rajeev Talwar, Chief Executive Officer, DLF, has been appointed as the Chairman, WTTCII for the year 2019. Talwar, who served as the Vice Chairman, WTTCII for the year 2018, takes over from Sunder G Advani, Chairman & Managing Director, Advani Hotels & Resorts (India). Ajay Singh, Chairman & Managing Director, SpiceJet, has been unanimously appointed as the Vice Chairman, WTTCII for the year 2019. KJ Alphons, Minister of State for Tourism (Independent Charge) for Tourism and Suman Billa, Joint Secretary, Tourism, along with former officials of Ministry of Tourism, SK Misra and VK Duggal felicitated the new team. On his appointment, Talwar said, “WTTCII has three main asks from the government — firstly, Airline Turbine Fuel – ATF must be included under GST; secondly, the 28 per cent on hotel rooms is hurting – GST should be pegged at 5 per cent for rooms of transaction values of Rs 5,000 and 12 per cent for transaction values of Rs 5,001 to Rs 15,000, along with ITC. Lastly, a tourism board to handle the marketing of Incredible India. Today, destination marketing has to be more deft, sharp, agile and cannot be strapped with bureaucratic procedures. A tourism board with inclusion of public and private stakeholders will make brand India successful. We would also need avenues to open up new markets, take, for instance, China; we are 4-6 hours away from major Chinese cities. China’s huge outbound of 130 million trips is every country’s envy and a prime source market, yet we are unable to tap the Chinese outbound. We need to be connected to …