SpiceJet airways plans to launch new flights in domestic routes

On January 25, 2009, SpiceJet, a low cost Indian carrier, announced to start a new subsidy that will operate inside India. This new subsidiary would carry passengers to smaller cities and towns where the airlines is currently operating. Sanjay Aggarwal, CEO, SpiceJet, said his company is evaluation all the options to increase its presence in the country’s aviation sector and this subsidiary is one such move. This small airlines will act as a feeder airlines. The airlines also has bigger airplanes like the Boeing 737-800 and Boeing 737-900 ER for interanational flights that would become operational by May 2010.

The price of jet-fuel is low but SpiceJet expects that it would increase in the next six months and the company is going to try to cover its losses as much as possible within this short period of time.

Currently, SpiceJet is targeting Asian countries and Middle East for its international flights. SpiceJet plans to conduct its operations in countries like Myanmar, Nepal, Sri Lanka, and Gulf region. At present, SpiceJet has 19 large size Boeing aircrafts and it has plans to acquire five more aircrafts by 2011 and it would hire 60 pilots.

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The Economic Times

(This entry was first published in February 2009. Because of a technical problem, the entry had to be deleted and I am reposting again now.)