SpiceJet plans gradual global expansion

Image
Press Trust of India Bangkok
Last Updated : Oct 27 2013 | 3:30 PM IST
Aiming to expand its international network gradually, no-frills carrier SpiceJet today said it would add two more global destinations, Dammam and Kuala Lumpur, by March next year along with increasing frequencies on certain foreign routes.
"We are going to start operations to Dammam (Saudi Arabia) and Kuala Lumpur (Malaysia) within this financial year. We are currently working on the financial details and also trying to increase frequencies to certain existing destinations," SpiceJet's Senior Vice President (Commercial) V Raja said here today.
Asked whether SpiceJet was in talks with any foreign carrier for investment in its equity, he said these were "only reports", but added that "if there is a good proposal which is economically and commercially good for us, it will be wrong not to look at it".
With this planned expansion, SpiceJet would raise its foreign flights per day from 28 to about 42 within this financial year, Raja and other senior airline officials said.
Raja was talking to reporters after the airline added the Thai capital, Bangkok, as its tenth foreign destination, launching two flights simultaneously from Bangalore and Pune to the Suvarnabhumi International Airport here.
Congratulating the Indian carrier for starting the services, Indian Ambassador to Thailand Anil Wadhwa said the growing number of flights from India would further cement the historic bilateral ties and improve regional connectivity.
There were currently 156 flights per week between the two countries, with leisure and business travel growing at a phenomenal pace.
"Last year over 1.15 million Indians visited Thailand, while 88,000 Thai visitors went to India, mainly to Buddhist pilgrimage sites," the envoy said.
Besides being a popular destination for shooting of films, Thailand have also emerged as a favourite wedding destination with business estimated at around 30-40 million Baht (USD 32 million) a year, growing at a rate of 15-20 per cent rate.
"These is certainly a positive trend for airlines operating from India," Wadhwa said, adding that ten Indian cities are now connected with Bangkok.
Referring to road connectivity, the Indian ambassador said initiatives like the India-Myanmar-Thailand trilateral highway under the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) framework is under construction to connect the two nations.
India has invested USD 258 million on the 1,632 km long highway and is constructing 71 bridges on the entire length.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 27 2013 | 3:30 PM IST

Next Story