MoneyWorks4Me

SpiceJet plans to add 8 aircraft to its fleet this fiscal

15 Oct 2016 Evaluate

SpiceJet wants to increase its daily flights by 10 percent and so in the next few weeks will be adding 2 to 3 international destinations and is also planning to add about three Bombardiers and 4 to 5 aircraft they will mostly be Boeings by the end of the current fiscal. Currently, it is having a fleet of 43 aircraft operating 320 flights a day and it operates to six countries.

SpiceJet was among the first private companies that stepped into the Indian aviation sector. The airline was launched with an objective to deliver the lowest air fares with the highest consumer value, to price sensitive consumers.


Peers
Company Name CMP
Interglobe Aviation 4890.00
SpiceJet 9.82
TAAL Tech 1049.95
Taneja Aerospace 329.70
Global Vectra Helico 135.25
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