SpiceJet

SpiceJet is an Indian low-cost airline headquartered in Gurgaon, India. It is India's fourth largest airline by number of passengers carried, with market share of 12.3% as of July 2015. The airline operates more than 270 daily flights to 40 destinations, including 34 Indian and 6 international cities.

History

1993–1996: ModiLuft era

The origins of SpiceJet track back to February 1993 when ModiLuft was launched by Indian industrialist S K Modi, in technical partnership with the German flag carrier Lufthansa. The airline ceased operations in 1996.

2005–2013: Inception and expansion

In 2004, raised funds and restarted operations as SpiceJet following the low-cost model. SpiceJet leased 3 Boeing 737-800 aircraft. On 7 March 2005, the Airports Authority of India approved three overnight parking slots to SpiceJet, with two in Delhi and one in Mumbai. SpiceJet opened bookings on 18 May 2005. The first flight was flagged off by then Union Minister of Civil Aviation, Praful Patel. The first Boeing 737-800 aircraft left Indira Gandhi International Airport, New Delhi for Chhatrapati Shivaji International Airport, Mumbai on 24 May 2005. By 2008, it was India's second-largest low-cost carrier in terms of market share.