SpiceJet is all set to transferring of its cargo and logistics services on a slump sale basis along with all related assets and liabilities, including, knowhow, trademark, licenses, franchises, customer contracts, distribution network etc. to its subsidiary SpiceXpress and Logistics (SpiceXpress) subject to the approval of shareholders and also such other approvals as may be required.
While SpiceXpress will operate as a separate entity, SpiceJet will continue to provide certain transportation services, ground and logistics support, management services, sharing and provisioning of resources etc. to SpiceXpress.
SpiceJet is India’s favourite airline that has made flying affordable for more Indians than ever before.
