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Tag Archives: SpiceJet

Low cost airlines win back market share

After steadily loosing market-share, low cost carriers (LCCs) like IndiGo, SpiceJet, and Kingfisher Red (former Air Deccan), have clawed back from 41% during the July-September 2008 quarter, to 46.4% in October. Indian domestic passenger numbers and passenger numbers growthJanuary 2007 to October 2008 Source: Centre for Asia Pacific Aviation and Ministry of Civil Aviation While passenger number rose in October, …

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Spicejet posts net loss of Rs 198 crore for Q2

Press Trust of India reports, low cost carrier SpiceJet today reported a net loss of Rs 198 crore (INR 1.98 billion) for the second quarter ended September 30. The airline had posted a net loss of Rs 37.7 crore in the corresponding quarter of the previous financial year. Total income of the carrier stood at Rs 363.3 crore in the …

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SpiceJet offers new Bangalore Jaipur direct flight

SpiceJet is sure going to win the hearts of the Rajasthani community, and major businesses like Bosch India, with its new Bangalore – Jaipur direct flight. Starting October 26, 2008, SpiceJet schedule will offer a B737 morning departure, same day evening return. SG284 depart Bangalore 08:45 arrival Jaipur 11:30.SG283 depart Jaipur 17:15 arrival Bangalore 20:00.

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Sanjay Aggarwal is new CEO of SpiceJet

SpiceJet today announced the appointment of Sanjay Aggarwal, as Chief Executive Officer (CEO) with immediate effect. Aggarwal takes over the position from Siddhanth Sharma. Prior to his current responsibilities in SpiceJet Aggarwal held the position of Chief Operating Officer and Chief Strategy Officer for Flight Options. Previously Aggarwal had worked as senior director of Marriott International and had also been …

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SpiceJet launches ‘special spicy’ reduced air fares

SpiceJet announced a drop in its fares on advance purchases of tickets. Apart from a reduction in basic fare for flights booked 10 to 15 days in advance, SpiceJet will also remove the congestion surcharge of Rs 150. The airline is trying to help passengers who plan their holidays and business trips in advance. Announcing the cut, Samyukth Sridharan, Chief …

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WL Ross extends SpiceJet a $100 million lifeline

WL Ross announces execution of definitive documents for funding transaction13-Aug-2008 SpiceJet Limited and WL Ross & Co. LLC (WL Ross) announced the execution of definitive documents for a funding transaction with WL Ross and others. The completion of the transaction will make available up to INR421 crores (USD 100 million) to SpiceJet. This is higher than the INR345 crore (USD …

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