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SpiceJet is an Indian low-cost airline headquartered in Gurgaon, Haryana. As of June 2024 [update] , it is the sixth largest airline in India by number of domestic passengers carried, with a market share of 4% [ 6 ] and connects 73 destinations, including 60 Indian and 13 international from its bases at Delhi and Hyderabad .
In December 2021, the Madras High Court had reportedly ordered the winding up of SpiceJet and asked the official liquidator to take over the airline’s assets. This happened after the company ...
Oct 26, 2020 · SpiceJet is also trying to bring in business from its aviation academy and an air ambulance business.“Temporarily there is a problem, because airlines don’t need pilots or they need fewer ...
- Manu Balachandran
Jul 16, 2024 · SpiceJet declared a loss of ₹409 crore in FY24. (REUTERS) SpiceJet, now a shadow of its former self, declared its Q3, Q4 and full-year FY24 results on July 15, 2024. This is not the first time ...
- In The Beginning
- SpiceJet's Early Years
- Ex-Jet Airways Boeing 737s
- Ongoing Recovery
The SpiceJet brand was born in 2004, but its air operator's certificate (AOC) dates back to 1993 when an air taxi company owned by SK Modi partnered with the German flag carrier Lufthansa, which was keen to capitalize on India's recently liberalized aviation industry. Together, they created MG Express, which went on to operate passenger and cargo s...
In 2004, the entrepreneur Ajay Singh drew up plans to create SpiceJet, one of India's first low-cost carriers. Instead of following the lengthy processes from scratch, Singh found a much quicker way to get his airline off the ground and purchased ModiLuft's AOC, renaming the carrier SpiceJet. SpiceJet's first flight departed from New Delhi (DEL) to...
The collapse of Jet Airways in April 2019 gave SpiceJet the chance to grow its fleet without waiting for the 737 MAX to be ungrounded. Government rule changes also meant that the airline could acquire additional slots at Jet Airways' major hubs of New Delhi and Mumbai if it took more aircraft. And so between March 2019 and March 2020, SpiceJet adde...
In a post-pandemic world, SpiceJet is rebuilding itself again, much like it did back in 2015. While its market share has decreased, it is performing much stronger financially and recently posted a $24.5 million profitfor Q1 2023, benefiting from increased passenger demand. Today, SpiceJet operates 58 aircraft, including eight Boeing 737-700s, 14 73...
Jul 23, 2024 · At 4.2%, SpiceJet's market share in the June quarter was below that of newest entrant Akasa Air's 4.7% for only the second-time since the latter began ops in mid-2022, data from India's aviation ...
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Aug 24, 2023 · In 2018 SpiceJet lost an arbitration case arising out of share transfers from former owner Kalanithi Maran to the company's new management in 2015, making the airline liable to pay $70 million ...
