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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
Go First bankruptcy seen helping rivals, boosting airfares
May 03, 2023 11:40 am
"If the suspension is prolonged, other airlines that are adding capacity would look to avail the slots vacated by Go First and grab on to the market share," Jefferies analyst Prateek Kumar said in a client note.
SpiceJet to borrow Rs 400 cr to revive 25 grounded aircraft after Go First insolvency report
May 03, 2023 10:40 am
SpiceJet will draw the funds from the government’s Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals.
Aviation stocks jump after Go First insolvency announcement; IndiGo, SpiceJet rise
May 03, 2023 4:03 pm
Jet Airways was locked in the upper circuit limit today. The stock was trading 5 per cent higher at Rs 60.59 on BSE.
SpiceJet hives off cargo & logistics business into separate entity from April 1
April 03, 2023 11:46 am
SpiceJet Ltd on Monday said it has hived off its cargo and logistics business SpiceXpress into a separate entity -- SpiceXpress and Logistics Pvt Ltd, from April 1.
SpiceJet CMD Ajay Singh takes over as Assocham President
March 30, 2023 4:01 pm
Sanjay Nayar, founder and Chairman of Sorin Investment Fund is the new Senior Vice-President of Assocham, the industry body said.
SpiceJet significantly restructuring balance sheet: Ajay Singh
March 20, 2023 2:37 pm
Last month, the airline announced that Carlyle Aviation Partners will acquire a 7.5 per cent stake in the airline by converting outstanding dues as well as snap up shareholding in the cargo business.
Carriers to fly 4.4% more domestic flights in summer schedule
March 18, 2023 12:43 am
SpiceJet to reduce departures by 30%
Indian carriers to operate 4.4% more domestic flights, SpiceJet to cut 30% departures
March 17, 2023 7:55 pm
Given the strong recovery witnessed by the domestic aviation sector after the pandemic, a majority of the 11 Indian airlines have increased the number of flights.
SpiceJet takes off roster two pilots for keeping beverage cup on cockpit's centre console
March 17, 2023 9:34 am
Appropriate disciplinary action will be taken upon completion of the investigation, a SpiceJet spokesperson said.
SpiceJet approves transfer of cargo business; to raise Rs 2,500 crore via QIB
February 27, 2023 1:08 pm
SpiceJet approved to transfer of its cargo business undertaking on a slump sale basis to its subsidiary SpiceXpress and Logistics Pvt Ltd (SXPL).
