SpiceJet Flies to the Top with Frost & Sullivan Award

New Delhi, London: Frost & Sullivan bestows its prestigious award "2008 Emerging Company of the Year Award for Indian Commercial Aviation" on SpiceJet. As a low-cost carrier that commenced operations in 2005, SpiceJet has built a reputation for low fares with high customer value offering, achieving a revenue growth of 121 per cent in 2007 and capturing a sizeable market share of 10.5 per cent in 2008.
The award will be handed over formally by Frost and Sullivan to SpiceJet Limited on Thursday, November 20, 2008 in London at a special ceremony commemorating the feat.
This annual award is presented to a company that has emerged as a significant player within its industry by exhibiting outstanding management, superior market growth, exceptional customer service and the ability to combine technology and successful strategic initiatives. The winning company should also have exceptional know-how to take advantage of market changes through the execution of innovative strategies within the existing competitive landscape.
Today SpiceJet has around 100 flights daily covering 17 destinations -- a definite increase from 2006, when SpiceJet flew to 14 destinations with 83 flights operating daily. In 2006, the fleet size of SpiceJet was 11 aircraft. At the end of 2007, the airline added seven more aircraft to its fleet, with a further order for 13 aircraft from Boeing scheduled for delivery over 2008 - 2011. The number of passengers who flew with SpiceJet in 2006 was 2.21 million, rising to 3.7 million in 2007.
11/11/08 MarketWatch

To Read the News in full at Source, Click the Headline

Categories: spicejet Nov 2008