SPICEJET

SPICEJET

Spicejet

Journey of spicejet started in March 1984. Company established by Indian industrialist S. K. Modi with the vision of providing private air taxi services to every Indian citizen After 9 years. On February 17th 1993, the company was named as MG Express. It was an important year for MG express because they entered into technical partnership with the German flag carrier Lufthansa. The airline provided passenger and cargo services under the name of Modiluft (Modi from S.K. Modi and Luft from Lufthansa) before ceasing operations in 1996. spicejet After a long wait of 8 years the company acquired by Ajay Singh In 2004. He planned to restart operations as SpiceJet following the low-cost model. After starting the operation, SpiceJet leased two Boeing 737-800 aircraft in 2005 and planned to order 10 new aircraft for expansion. Company opened bookings on 18 May 2005. They took the first flight between Delhi and Mumbai on 24 May 2005. After this, company took another leap in 2008. By the end of July 2008, it was India's third-largest low-cost carrier in terms of market share after Air Deccan and IndiGo. Indian media baron Kalanidhi Maran acquired 37.7% stake in SpiceJet in June 2010 through Sun Group. The airline ordered 30 Boeing 737-8 aircraft worth US$2.7 billion July 2010 and a further 15 Bombardier Q4 Dash short-haul aircraft worth US$446 million in December 2010.