Spicejet moneycontrol
The Bombay Stock Exchange announced that ever since June 2011, SpiceJet had been suffering losses. 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. In 2012, SpiceJet suffered a loss of over ₹39 crore (US$4.9 million) owing to increase in global crude prices. The airline ordered 30 Boeing 737-8 aircraft worth US$2.7 billion July 2010 and a further 15 Bombardier Q4 Dash short-haul aircraft worth US$446 million in December 2010. Indian media baron Kalanidhi Maran acquired 37.7% stake in SpiceJet in June 2010 through Sun Group. By July 2008, it was India's third-largest low-cost carrier in terms of market share after Air Deccan and IndiGo.
SpiceJet opened bookings on and the first flight was operated between Delhi and Mumbai on. SpiceJet leased two Boeing 737-800 aircraft in 2005 and planned to order 10 new aircraft for expansion. In 2004, the company was acquired by Ajay Singh and the airline planned to restart operations as SpiceJet following the low-cost model. The airline provided passenger and cargo services under the name of Modiluft before ceasing operations in 1996. On 17 February 1993, the company was named as MG Express and entered into technical partnership with the German flag carrier Lufthansa. Modi to provide private air taxi services. The origins of SpiceJet can be tracked back to March 1984 when the company was established by Indian industrialist S. The airline operates a fleet of Boeing 737 and Bombardier Dash 8 aircraft. Indian media baron Kalanidhi Maran acquired a controlling stake in SpiceJet in June 2010 through Sun Group which was sold back to Ajay Singh in January 2015. The airline operated its first flight in May 2005.
The airline operates 630 daily flights to 64 destinations, including 54 Indian and 15 international destinations from its bases at Delhi and Hyderabad.Įstablished as air taxi provider ModiLuft in 1994, the company was acquired by Indian entrepreneur Ajay Singh in 2004 and renamed to SpiceJet. It is the second largest airline in the country by number of domestic passengers carried, with a market share of 13.6% as of March 2019. SpiceJet is an Indian budget airline headquartered in Gurgaon, Haryana.
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