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SpiceJet
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SpiceJet: A Low-Cost Carrier's Ascent and Challenges SpiceJet, headquartered in Gurgaon, holds a significant position in India's aviation landscape. Currently the sixth largest domestic carrier, commanding a 4% market share as of June 2024, it connects 73 destinations - 60 domestic and 13 internatio...
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- Headquarters Gurgaon, Haryana, India
- Key people Ajay Singh (Chairman and MD), Sanjeev Taneja (CFO), Debojo Maharshi (CBO)
- Revenue ₹8,524 crore (US$980 million) (2024)
- Net income ₹-423 crore (US$-48 million) (2024)
- Subsidiaries SpiceXpress
- Website www.spicejet.com
Related Other Pages:
- Vistara, Air Canada and Jet Airways
SpiceJet history
Last Updated : 15/03/25, 03:35 AM
SpiceJet: A Turbulent Journey SpiceJet's history began in 1984 as a private air taxi service founded by S K Modi. A subsequent partnership with Lufthansa saw it operate as Modiluft before ceasing operations in 1996. Reborn in 2005 under Ajay Singh's leadership as a low-cost carrier, SpiceJet quickly...
SPICEJET NEWS
How airlines are modifying their services for post Covid-19 lockdown period
April 30, 2020 7:41 pm
Air carrier Vistara has announced temporary service alterations in domestic flights' premium economy class and economy class, including reduction in meal choices and withdrawal of some services.
No salaries for April, May; hours flown-based pay for those operating cargo flights: SpiceJet to pilots
April 29, 2020 2:26 pm
SpiceJet's flight operations chief Gurcharan Arora told pilots through an email that "as of today, 16 per cent of our aircraft and 20 per cent of our pilots are flying".
SpiceJet says some employees will get salaries in two parts
April 01, 2020 10:20 am
According to a senior official in SpiceJet, there were some employees who had got just a few thousand rupees in their bank accounts from the company as salary till now.
Coronavirus impact: SpiceJet to cut 10-30 per cent salary of all employees in March
March 31, 2020 3:25 pm
"SpiceJet management has decided to implement a pay cut between 10-30 per cent in March across our employee base. Our Chairman and Managing Director (Ajay Singh), in fact, has opted for the highest cut of 30 per cent in compensation," the airline said in the communication.
Airlines most in danger of going under during the coronavirus pandemic
March 30, 2020 10:47 am
Which airlines are most at risk? Like the virus, the crisis is indiscriminate, affecting everyone from budget operators to national flag carriers.
SpiceJet pilot tests positive for Covid-19
March 29, 2020 12:38 pm
As a precautionary measure, the spokesperson said, all crew and staff who had been in direct contact with him have been asked to self-quarantine by staying at home for the next 14 days.
SpiceJet returns some wet-leased aircraft; carriers fast losing cash reserves
March 26, 2020 8:33 am
While sources indicated that SpiceJet returned the aircraft on account of a cash-crunch, a company spokesperson denied the financial situation as a factor and said the carrier did not need the aircraft due to the trimmed operations.
COVID-19: SpiceJet 'forced' to suspend most international flights till April-end
March 19, 2020 3:52 pm
"Our Chennai-Colombo flight will restart from the 25th March, 2020, while our Delhi-Dubai and Mumbai-Dubai flights will resume from 16th April, 2020," the official added.
Airline shares tumble as global travel restrictions hit investor sentiment
March 12, 2020 12:43 pm
Shares of IndiGo, SpiceJet and the defunct Jet Airways were deep in the red in the morning trade, with SpiceJet slumping over 18 per cent.
Crude oil related stocks in focus: RIL slips 8%, ONGC market cap dips below Rs 1 lakh crore
March 09, 2020 11:38 am
The shares of oil marketing companies were trading on a positive note during the morning trade with Hindustan Petroleum (HPCL) surging as much as 12.82 per cent to Rs 226.60, while Bharat Petroleum (BPCL) climbed 12.72 per cent to Rs 454.10 and Indian Oil (IOC) rose 4.41 per cent to Rs 105.25.
