NSE Symbol: | BSE Code: | ISIN: | Sector:

  • Add to Portfolio
  • Add to Watchlist
  • Add to Alert
  • Add to Message
Add to Portfolio
Spicejet Ltd. is not traded on NSE in the last 5 days
Change Change %
-0.40 -0.32%

Updated:24 Jun, 2019, 16:01 PM IST

Royal Airways–promoted SpiceJet is an airline company, which was earlier known as Modiluft. It was among the first private companies that stepped into the Indian aviation sector. Further, in May 2005 Royal Airways changed its name to SpiceJet.The airline was launched with an objective to deliver the lowest air fares with the highest consumer value, to price sensitive consumers.

Currently, the company enjoys a market share of over 8%. With 125 flights to 19 destinations daily and over 50,000 people flying in a month, SpiceJet follows the Low Cost Carrier (LCC) business model on the lines of the most successful LCCs globally and provides the lowest cost per unit amongst Indian LCCs.

SpiceJet has chosen a single–aircraft–type fleet, which allows for greater efficiency in maintenance, and supports the low–cost structure. And when it came to selecting this single aircraft fleet, SpiceJet has opted for the new–generation Boeing 737–800s with winglets and Boeing 737–900ER. These aircraft allow for safe, comfortable and efficient flying and are ideally suited for short to medium–haul flights in Indian conditions.

SpiceJet's new generation fleet of 15 Boeing 737–800 / 737–900ER aircraft are backed by cutting–edge technology and infrastructure to ensure the highest standards in safety and operating efficiency.     

The company's on–time performance is amongst the best in India, at 82%, coupled with a technical dispatch reliability of 99.6%, making it an airline with the least cancellations. The aircraft utilization of SpiceJet is amongst the highest in India.

The company has alliance with some of the best names known globally like Honeywell, Weber Seats, etc, to ensure highest safety standards.

SpiceJet provides services to cities namely Ahmedabad, Bagdogra, Bangalore, Chennai, Coimbatore, Delhi, Goa, Guwahati, Hyderabad, Jaipur, Jammu, Kochi, Kolkata, Mumbai, Pune, Srinagar, Varanasi and Vizag.

The airline also brings out an in–flight entertainment magazine called 'SpiceRoute'. The magazine features contents related to travel and destinations in India; trendy food, recipes and restaurants; covering art and culture across the nation including socially conscious citizens and a section dedicated to children.

Awards/ Achievements

  • SpiceJet was awarded '2008 Emerging Company of the Year Award for Indian Commercial Aviation' by Frost & Sullivan.
  • The company was ranked amongst the top 10 budget airlines in Asia by Smart Travel Asia magazine based on a surveyed commissioned 'Best in Travel Poll' on the low–cost carriers.
  • SpiceJet won 'CIO 100 award' from CIO magazine for its technological innovations in aviation industry.
  • The airline was recognized as the Best Low Cost Airline for 2007 by TAFI (Travel Agents Federation of India)–Abacus, awarded at Kota Kinabalu, Malaysia. 
  • SpiceJet was voted the Best Low Cost Airline by a reader's survey conducted nationally by India's leading travel magazine Outlook Traveller (February 2008).
  • 2010
    CIO 100 Award in IT efforts for customer satisfaction and business growth category
    Voted as India's Best Low Cost Airline by Outlook Traveller
    Awarded for Best Website at 'World Low Cost Airlines Asia Pacific Conference'
    India's Most Outstanding Airline LCC–Domestic Award, by Travel and Hospitality
    India's International Low Cost Carrier of the Year 2012 by Travel Agents Association of India (TAAI)
    Voted amongst the Top 5 Best Budget Airline in Asia by Smart Travel Asia (2010, 2011 & 2012)
    Voted as India's Favourite Domestic Airline for the year 2012 by Outlook Traveller