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Royal Airways-promoted SpiceJet is an airline company, which was earlier known as Modiluft. It was among the first private companies that stepped into the Indian aviation sector. Further, in May 2005 Royal Airways changed its name to SpiceJet. The airline was launched with an objective to deliver the lowest air fares with the highest consumer value, to price sensitive consumers. SpiceJet follows the Low Cost Carrier (LCC) business model on the lines of the most successful LCCs globally and provides the lowest cost per unit amongst Indian LCCs.

SpiceJet has chosen a single-aircraft-type fleet, which allows for greater efficiency in maintenance, and supports the low-cost structure. And when it came to selecting this single aircraft fleet, SpiceJet has opted for the new-generation Boeing 737-800s with winglets and Boeing 737-900ER. These aircraft allow for safe, comfortable and efficient flying and are ideally suited for short to medium-haul flights in Indian conditions. SpiceJet's new generation fleet of 15 Boeing 737-800 / 737-900ER aircraft are backed by cutting-edge technology and infrastructure to ensure the highest standards in safety and operating efficiency.

Business area of the company

The company is engaged in the business of scheduled air transport services for the carriage of passengers and cargo.

Company	Market Price	MCAP(Cr)	P/B	P/E	EPS	ROE
SPICEJET	33.3(-1.3%)	2,004	-0.3	0.0	0.0	0.0
JETAIRWAYS	62.35(-0.7%)	706	-0.0	0.0	6.5	0.0
GLOBALVECT	54.2(-0.4%)	76	4.0	0.0	8.1	-12.3
INDIGO	1908.95(1.1%)	73,589	-10.1	0.0	-1.4K	0.0
HAL	2495.4(-4.9%)	83,510	3.8	13.8	30.4	29.2

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