SpiceJet aims to double capacity and fleet to break even this year

SpiceJet aims to double capacity and fleet to break even this year

Gurgaon-based SpiceJet Ltd is the second largest budget airline carrier in the Indian market. The company has now said that they are planning to double their capacities and fleet and aims to break even this year.

SpiceJet has already managed to capture around 6.9% of the market and are carrying 22.16 lakh passengers a year.

The company is owned by non-resident Indian Kansagra business family and said that they will not deviate from its existing low-cost model of flying more frequencies on the same routes.

A company representative Ajay Singh added that they aim to maintain a fleet with planes from a single manufacturer which is Boeing in their case. He added: “That’s by design. Its not explosive growth but controllable growth. A more rapid growth than this could have impacted (our) operations and created an issue for the brand. In LCCs (low-cost carriers) around the world, people have experimented and optimized, so there is no point in reinventing the wheel.”