Low-cost carrier SpiceJet would adopt a two-pronged strategy of increase airfare and improve efficiency for better margins. The increase in fare may happen due to the rising fuel cost. Since October last year, the aviation turbine fuel (ATF) prices have gone up by about 45 per cent. The company is also targeting small cities and has chosen 20 airports in Tier II and III cities, mainly in south, central and eastern India, including Vijayawada, Rajamundry, Mysore and Mangalore and would add another 100 pilots to its existing network of 300 in the next one year and a Boeing aircraft by the year end. The company is looking at adding 12-14 new flights in a couple of weeks.
In another development, GMR Hyderabad International Airport Limited (GHIAL) has entered into a strategic partnership with SpiceJet to become the first base for the latter’s operations for its new fleet Bombardier Q-400, a commercial aircraft from Canada-based Bombardier Inc..
SpiceJet would raise $450 million to buy 15 Q 400 aircraft by June 2011. It aims to have a fleet of 70 aircraft by 2013-end, with a mix of 45 Boeing and 25 Q400 planes. Q 400 costs around $30 million and has a 78-seat capacity. There are 300 Q 400 aircraft in operation mostly in the US, Japan and Australia. crackcrack
Company Name | CMP |
---|---|
Interglobe Aviation | 3934.40 |
SpiceJet | 61.96 |
Global Vectra Helico | 229.50 |
Jet Airways (I) | 49.00 |
Taneja Aerospace | 478.95 |
View more.. |