SpiceJet is “second most valued Indian airline”

With a market capitalisation of Rs 5,599 crore as of 24 March 2017, SpiceJet has risen ahead of Jet Airways to slot in behind IndiGo as India’s second highest valued airline. SpiceJet has effected a remarkable turnaround since late 2015, at which point it was on the verge of closure, and in February recorded a passenger load factor of 93.6 per cent and an industry-leading on time performance of 81 per cent. As reported in Vayu Issue I/2017, SpiceJet announced a deal on 13 January 2017 for the purchase of upto 205 Boeing 737-8 MAX airliners, valued at $ 22 billion.