SpiceJet :
SpiceJet is an Indian low-cost airline headquartered in Gurgaon, India. It is the country's fourth largest airline by number of passenger carried with market share of 12.3% as of July 2015.[5] The airline operates more than 270 daily flights to 41 destinations, including 34 Indian and 7 international cities.
The origins of SpiceJet track back to February 1993 when ModiLuft was launched by Indian industrialist S K Modi, in technical partnership with the German flag carrier Lufthansa. The airline ceased operations in 1996.In 2004, raised funds and restarted operations as SpiceJet following the low-cost model.[7] SpiceJet leased 3 Boeing 737-800 aircraft.[8] On 7 March 2005, the Airports Authority of India approved three overnight parking slots to SpiceJet, with two in Delhi and one in Mumbai.[9] SpiceJet opened bookings on 18 May 2005.[10] The first flight was flagged off by then Union Minister of Civil Aviation, Praful Patel. The first Boeing 737-800 aircraft left Indira Gandhi International Airport, New Delhi for Chhatrapati Shivaji International Airport, Mumbai on 24 May 2005.[11] By 2008, it was India's second-largest low-cost carrier in terms of market share.
Indian media baron Kalanidhi Maran acquired 37.7% stake in Spicejet in June 2010.[12][13] In 2012, SpiceJet suffered from a loss of over ₹390 million (US$5.9 million) owing to increase in global crude prices.[14] On 9 January 2012, the Directorate General of Civil Aviation, reported that several airlines in India, including SpiceJet, have not maintained crucial data for the flight operations quality assurance or the FOQA.[15] The Bombay stock exchange announced that ever since June 2011, Spicejet had been suffering losses.[16] In 2012, Despite the losses, Kalanithi Maran increased his stake in Spicejet by investing ₹1 billion (US$15 million) in the airline.[17] The airline returned to making profits at the end of the year.[18] In 2013, SpiceJet launched its first interline pact with Tigerair on 16 December 2013.
SpiceJet is an Indian low-cost airline headquartered in Gurgaon, India. It is the country's fourth largest airline by number of passenger carried with market share of 12.3% as of July 2015.[5] The airline operates more than 270 daily flights to 41 destinations, including 34 Indian and 7 international cities.
The origins of SpiceJet track back to February 1993 when ModiLuft was launched by Indian industrialist S K Modi, in technical partnership with the German flag carrier Lufthansa. The airline ceased operations in 1996.In 2004, raised funds and restarted operations as SpiceJet following the low-cost model.[7] SpiceJet leased 3 Boeing 737-800 aircraft.[8] On 7 March 2005, the Airports Authority of India approved three overnight parking slots to SpiceJet, with two in Delhi and one in Mumbai.[9] SpiceJet opened bookings on 18 May 2005.[10] The first flight was flagged off by then Union Minister of Civil Aviation, Praful Patel. The first Boeing 737-800 aircraft left Indira Gandhi International Airport, New Delhi for Chhatrapati Shivaji International Airport, Mumbai on 24 May 2005.[11] By 2008, it was India's second-largest low-cost carrier in terms of market share.
Indian media baron Kalanidhi Maran acquired 37.7% stake in Spicejet in June 2010.[12][13] In 2012, SpiceJet suffered from a loss of over ₹390 million (US$5.9 million) owing to increase in global crude prices.[14] On 9 January 2012, the Directorate General of Civil Aviation, reported that several airlines in India, including SpiceJet, have not maintained crucial data for the flight operations quality assurance or the FOQA.[15] The Bombay stock exchange announced that ever since June 2011, Spicejet had been suffering losses.[16] In 2012, Despite the losses, Kalanithi Maran increased his stake in Spicejet by investing ₹1 billion (US$15 million) in the airline.[17] The airline returned to making profits at the end of the year.[18] In 2013, SpiceJet launched its first interline pact with Tigerair on 16 December 2013.
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