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Modiluft now known as SPICEJET
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  • 1. By:Group 4
  • 2. The origins of SpiceJet trace back to February 1993 whenModiLuft, one of Indias first post-deregulation airlines waslaunched by the Indian industrialist S K Modi in technicalpartnership with the German air carrier Lufthansa.The airline started operations within three months of itsincorporation which is a record of its kind.Airline was able to maintain high standards in flight safety,ground maintenance and on-time performance with a strongsupport from its partner Lufthansa.Modiluft was the only Airline to achieve an average aircraftutilisation of a minimum 12 hours per day in Indian Skies.
  • 3. ModiLuft did not last very long specially because the business parity ofthe German and Indian partners was not the same and problems arose.Then the cooperation came to end and ModiLuft acquired Boeing 737-400 aircraft to replace the 737-200s from Air U K, however the future ofModiLuft was already sealed and airline called off its operations in 1996.However, the air-operating certificate (AOC) of ModiLuft did not lapseand the airline due to lack of funds changed hands and renamed RoyalAirways.In 2004, management of the airline was taken over by Ajay Singh, whorenamed the company, raised funds and re-started operations. Thus,SpiceJet was born under the low cost model.
  • 4. Indian media baron Kalanidhi Maran acquired 37.7% in SpiceJet inJune 2010. After completing 5 years of flying, SpiceJet was allowed tocommence international flights by the Airports Authority of India.
  • 5. Shareholding Pattern of SpiceJet
  • 6. Major Players in India:• Air India• Deccan Airways• Jet Airways• Kingfisher• Go Air• Indigo Airlines• Paramount Airways
  • 7. Major Players Globally:• Delta Airlines• United Airlines• Southwest airlines• Lufthansa• Qatar Airways• Emirates• Air Asia
  • 8. Market Share of SpiceJet
  • 9. SpiceJet Indias second-biggest budgetairline, posted an unexpected quarterlyprofit that raised hopes of a turnaround inthe countrys embattled aviationindustry, sending airline stocks sharplyhigher.