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spicejet ltd (500285) Details

SpiceJet Limited operates as an airline company in India. The company provides passenger air transportation services under the SpiceJet brand name. As of March 31, 2013, it operated a fleet of 52 aircraft. SpiceJet Limited was formerly known as Royal Airways Ltd. SpiceJet Limited was incorporated in 1984 and is based in Gurgaon, India.

5,252 Employees
Last Reported Date: 08/31/13
Founded in 1984

spicejet ltd (500285) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: 3.3M
Compensation as of Fiscal Year 2013.

spicejet ltd (500285) Key Developments

SpiceJet Orders 42 Boeing 737 Max 8S

Boeing and SpiceJet announced that they have announced an order for 42 737 MAX 8s.

Boeing and SpiceJet Announce Order for 42 737 MAX 8s

Boeing and SpiceJet announced at India Aviation 2014 an order for 42 737 MAX 8s. The order, previously listed as unidentified on the Boeing Orders & Deliveries website, is valued at $4.4 billion at list prices. The 737 MAX brings the most advanced engine technologies to the airplane, building on the strengths of today's Next-Generation 737. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the high efficiency, reliability and passenger comfort in the single-aisle market. The order is a tremendous endorsement of the 737 MAX's unsurpassed fuel efficiency. Development of the 737 MAX is on schedule with firm configuration of the airplane achieved in July 2013. First flight is scheduled in 2016 with deliveries to customers beginning in 2017. Already a market success, the 737 MAX has accumulated more than 1,800 orders to date and will have 8% lower per-seat operating costs than the future competition. SpiceJet has ordered 90 airplanes directly from Boeing, which includes the 737-800, 737-900ER and now the 737 MAX. To date, SpiceJet has taken delivery of 31 of the airplanes.

SpiceJet Limited Announces Executive Changes

SpiceJet Ltd. announced that it has named R. Neelakantan as its chief financial officer. Neelakantan served as the company’s CFO earlier from November 2010 to February 2013, and is returning to the role after serving as the head of an internal audit for the airline's parent company Sun Group. The company further announced the appointment of Shilpa Bhatia as senior vice president of sales and distribution, replacing V. Raja, who is retiring at the end of this month. Bhatia was also with the company earlier, from August 2009 to May 2011, when she served as head of corporate sales and sales strategy. Bhatia joined the company two weeks ago from the Sahara group, where she was global head of sales and strategy for Sahara's Quest business unit. The company has also named Sudhakar Kondisetty as senior vice president of information technology. Kondisetty replaces Virender Pal, who had expressed his desire to pursue other opportunities. Fares Azeem Kilpady is joining the airline as vice-president and head of revenue management from AirAsia. Anurag Jain, who was heading network planning and revenue management, will now take on the role of senior vice-president, network planning and strategy development.

 

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