SpiceJet plans to expand network
SpiceJet has inducted one new generation 737-800 aircraft saying it would expand its route network and was interested in flying abroad.Updated: Feb 16, 2006 18:35 IST
No-frill airline SpiceJet, which has ordered 20 Boeing aircraft, on Thursday inducted one new generation 737-800 aircraft saying it would expand its route network and was interested in flying abroad.
Claiming that the airline had recorded a very high load factor averaging 88 per cent, SpiceJet Chairman Siddhanta Sharma told reporters that it had cornered six per cent of market share and had "emerged as India's preferred low-cost carrier across our 11 city network".
Asked whether the airline was keen to operate abroad, SpiceJet officials said they were in the process of expanding the domestic network and, in future, could consider flying to South Asian countries.
Hoping to register net profit in the last quarter of this fiscal, its Director Ajay Singh said, "we are already making an operating profit" barely nine months after launching operations.
The airline, which has placed orders for 20 Boeing 737s, has raised funds for pre-delivery payment of these planes by issuing Foreign Currency Convertible Bonds last year.
Singh said as the deliveries of these aircraft continued, "we will examine a variety of options including considering financing through the Exim Bank, lease back of aircraft and other finance options. Our attempt will be to keep as many aircraft on our books as possible".
The new 737-800 with blended winglets was flagged off on its maiden Delhi-Goa-Delhi flight by Airport Director BK Arora.
First Published: Feb 16, 2006 18:35 IST