SpiceJet Ltd - SPICEJET Share Price

Summary

SpiceJet Ltd. is a low cost carrier (LCC), engaged in providing air transport services for carriage of passengers and cargo. It has 145 Cargo destinations of which, 52 are domestic and & 93 International. It is powered by fully integrated transportation network including air cargo, ground transportation and warehousing facilities. It continues to remain leading air cargo operator in India and operated more than 10,564 cargo flights and carried 139,486 tonnes of cargo.SpiceJet Ltd. was incorporated on February 9th, 1984 with the name Genius Leasing Finance and Investment Company Ltd. In the year 1993, the company ventured into domestic aviation operations under technical partnership with Deutsche Lufthansa AG. In the year 1994, the name of the company was changed from MG Express to ModiLuft Ltd. In June 1994, the company entered into a management agreement with Lufthansa to manage their entire Airline operations. The company suspended their Airline operations in the year 1996 after dissensions grew between Lufthansa and the company. During the year 2000-01, the name of the company was changed from ModiLuft Ltd to Royal Airways Ltd.The company started their commercial operations of domestic flight services on May 23, 2005 with three leased Boeing 737-800 aircraft. During the year 2004-05, they signed an agreement with Boeing for acquiring 20 (737-800) aircrafts and in May 4, 2005, the company changed the name of the company from Royal Airways Ltd to SpiceJet Ltd. In May 5,... Read More