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Post Info TOPIC: SPICE JET to become a reliable LCC
VABBy


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SPICE JET to become a reliable LCC
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It seems that Delhi based SpiceJet might not have grand plans unlike its competition AirDeccan but is definately planning to provide a reliable service at an affordable cost. I guess SG has and upperhand over DN in regards to reliability. Below is a press update which talks about their roleplay in the future growing indian aviation industry..


Hyderabad , June 1

Low-cost airline SpiceJet will induct 23 new aircraft by the end of 2008, as part of its efforts to expand and reach more destinations in the country. At present, it has a fleet of 6 aircraft and operates 49 daily flights.

The new aircraft would be Boeing 737, 800 series, wide-bodied with capacity to have 189 all economy class passenger seats.

The airline is in the process of firming up funding mechanisms to buy the aircraft, the Associate Vice-President (Marketing & Planning), Mr Sanjay Kumar, told newspersons here today.

SpiceJet, which has completed a full year of operations, carried 1.6 million passengers during the year, with a high load factor of over 86 per cent. It caters to 11 destinations daily offering 8,900 seats and has a market share of 6 per cent, he said.

More destinations


Once, the acquisition of the new aircraft is completed, the airline would have a fleet of 29 planes, operate over 250 flights to reach 24 destinations and offer 35,000 seats per day. By end of 2006, 11 new aircraft are expected to be purchased and inducted, Mr Kumar said.

The airline is well prepared to meet growing competition in the low-cost, no frills market. "It has also established the reliability and service efficiency within a short span of time," Mr Kumar said.

Courier services


At present, passenger services are the main focus of the airline, though on-board courier services have been recently launched in a small way.

In addition to the concentration on metros, SpiceJet also will open new routes and connect Tier-I & II cities.

SpiceJet has also signed up with over 65 Spice Shops across the country.

These Shops allow customers to make a phone booking and pay at these locations. A network of 3,400 travel agents to make bookings has been established.



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HAWK21M


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Any details on their On board Courier services.


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vivekman


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Even though Spicejet through its branding and classy interiors appears as an upmarket airline, it is also prone to the same problems as other LCCs. I have been the victim of their delays and rescheduling more than once.


This problem was compounded during the monsoons. The main problem is the lack of buffer aircraft and extremely tight turnaround times. Spicejet planes are barely stationary for an hour before they set out again. So even a ten-fifteen minute delay starts a chain reaction delaying subsequent flights.


 



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karatecatman


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SpiceJet believed to be in talks to sell stake
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http://news.moneycontrol.com/india/news/business/spicejetrasalkhaimah/spicejetbelievedtobetalkstosellstake/market/stocks/article/223111
SpiceJet believed to be in talks to sell stake 
 
June 27, 2006  
 

 Low cost carrier, SpiceJet is believed to be in talks to sell some stake to the ruler of Ras al-Khaimah, which is part of the UAE. Despite dismal market conditions, there still seems to be interest in aviation stocks, reports CNBC-TV18.


SpiceJet seems to be in demand. Suitors with investment proposals are apparently lining up. But the carrier is believed to be in talks with the ruler of Ras al-Khaimah to sell some stake in the company. Sources say the deal may be worth about 20 million dollars for a 10% stake.


 But SpiceJet officials say no talks are under way with any investor. They admitted though, that after Air Deccan's listing, SpiceJet had three or four investment proposals from various parties and the airline was evaluating the proposals. They said nothing had been finalised yet.


If this deal goes through SpiceJet would be valued at about USD 200 million. Air Deccan is similarly valued, but it has a larger fleet and network.


Industry experts say that SpiceJet should wait for market conditions to improve so that it gets a better valuation. They say airlines are not, by and large, attractive stocks anyway and such a market would hardly help valuations.
 



-- Edited by karatecatman at 16:44, 2006-06-29

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himmat01


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RE: SPICE JET to become a reliable LCC
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I have been on Spice Jet thrice and all times the departure has been on time. I cannot say the say the same about my flights on IT and IC.

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the_380


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Well 've once in Spice from BOM to DEL flight was delayed by 25mins but we were informed by them for a delay of 30mins.. so 5mins earlier than their delayed schedule


Flown once in IT my flight was on time expect for 5mins delay


I agree in the case of IC



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vivekman


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I've been on Spicejet three time and all three times, the flight has been delayed - once by five and a half hours!!

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HAWK21M


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They seem to be trying Well.Thats a plus.


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VABBy


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Service standard wise SG is better . Remember recently DN got a nice thrashing from consumer court for not even serving water on their flights.



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karatecatman


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DN had to shell out Rs. 35,000 as basic compensation.


DN also confessed in court that their maintenance is "not satisfactory". 


 


There is a thread here on that.



-- Edited by karatecatman at 16:03, 2006-07-01

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HAWK21M


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karatecatman wrote:

DN also confessed in court that their maintenance is "not satisfactory".    There is a thread here on that.-- Edited by karatecatman at 16:03, 2006-07-01

They did that.What words did they use.


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vivekman


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Hope Spicejet becomes reliable and starts grabbing Deccan's market share. That will wake them up for sure.

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the_380


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Spice has made DN half awake already

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Gaurav


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hey guys i just came back from CCU on the 25th and i flew spicejet on this leg.the DEL-CCU leg was on kingfisher.both flts were amazing kingfisher with its ptvs and gr8 food was v.good but offcourse they charged for it.SG on the other hand was miles ahead when compared to DN.infact we reached DEL 20 mins before STA.I wud have to say that if SG grew at the pace DN has been by ordering and recruiting planes i am sure DN would have been on the verge of a collapse.and even the air hostesess were much better than DN.Interestingly the flight 100% full suggests that SG are doing well on this route compared to DN.  

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Nimish


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The reputation of 0S speaks for itself, and completely puts DN to shame. Their load factors are typically in the upper 90's which is a feat in itself.

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the_380


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But if Spice wants to do better it must get a better fleet than just a handful of 737s

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HAWK21M


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A Gradual & Planned Fleet Build up makes more sense.


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karatecatman


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www.uninews.com


SpiceJet signs US $ 1.1 bn aircraft sales and lease back deal


 New Delhi Aug 14 (UNI) Low-cost carrier SpiceJet today said it had signed a USD 1.1 billion deal for sale and lease back agreement, covering 16 brand-new Boeing aircraft.


 The agreement was signed between the airlines and Babcock & Brown Aircraft Management (BBAM) along with its long-term strategic partner Nomura Babcock & Brown Co. Ltd (NBB), covering 16 brand-new Boeing 737-800/-900ER aircraft valued at over USD 1.1 billion based on the manufacturers list prices, SpiceJet said in a statement.


 SpiceJets Chairman Siddhanta Sharma said the newly-acquired capacity will go a long way in augmenting the airline’s network in the country.


 Commenting on the deal, Steve Zissis, President of BBAM said the introduction of these aircraft, along with SpiceJets low-cost business model will further improve its dominance in the Indian market.

 Earlier in the year, SpiceJet completed a similar financing with BBAM for its first four B737-800 aircraft deliveries. Together with todays announcement, SpiceJet has now completed the financing of its first 20 aircraft orders for Boeing 737-800/-900ER aircraft.

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saurabhm_101


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ive flown on SG DEL-AHM-BOM the 2200 flite... was nice they served water and a coookies. i had a nice flite because when we parked at AHM a SQ772 was parked and being serviced like 3 stands away.. was an awsme sight... but the flite from AHM-BOM was reallly bad because of the weather one of the most bumpy rides ive been on...!

but overall for a LCC i think SG is nice...

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saurabh

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karatecatman


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SpiceJet announces consolidation plans
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www.uninews.com


SpiceJet announces consolidation plans


Chennai, Oct 10 (UNI)


With the induction of new-generation Boeing 737-800 aircraft to its fleet of eight, SpiceJet today announced consolidation plan of its existing network.


The company would launch six new direct daily flights in Delhi-Hyderabad, Hyderabad-Bangalore, Bangalore-Delhi, Delhi-Bangalore, Bangalore-Hyderabad and Hyderabad-Delhi sectors, and official statement said.


On the Delhi-Hyderabad sector this would be the third flight and on the Delhi-Bangalore sector this would be second flight, the release added.


This aircraft would be based in Delhi and new flights would be operated according to the following schedule. Delhi-Hyderabad 08.10 AM (DEP) / 10.30 AM (ARV) Hyderabad-Bangalore 11:00 AM (DEP) / 12:00 Noon (ARV) Bangalore-Delhi 12:45 PM (DEP) / 15:15 PM (ARV) Delhi-Bangalore 13:50 PM (DEP) / 16:20 AM (ARV) Bangalore-Hyderabad 16:50 PM (DEP) / 17:50 PM (ARV) Hyderabad-Delhi 18:20 PM (DEP) / 20.35 PM (ARV)


All the new sectors would start with the Red Hot Special Fares of Rs 799 to Rs 1799, available for booking with effect from 18th November, 2006 and be sold through SpiceJet’s website www.spicejet.com, the release added.


 



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