SpiceJet plans to foray into retail business: Report

15 Mar 2017

Low-cost carrier SpiceJet is reportedly planning to enter new territories. The company is in final stages of preparation of entering retail business through a separate subsidiary company called SpiceJet Merchandise which was incorporated last year. Along with SpiceJet merchandise, apparel and electronic products will be available in the stores.

While SpiceJet owns 99 per cent of the company, one percent is held by promoter Ajay Singh.

SpiceJet was among the first private companies that stepped into the Indian aviation sector. It operates more than 340 daily flights to 45 destinations, including 6 international ones.

 

Related Spicejet Ltd. Links:

Spice Jet Share Price

69.90 -1.95 (-2.71%) May 14, 18:01
1 Year Price Chart
Peers
Company Name CMP
Interglobe Aviation 1694.70
Hindustan Aeron 983.20
Spice Jet 69.90
Global Vectra Helico 42.10
Jet Airways (I) 89.70
View more..
Sensex vs Spice Jet
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback