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SpiceJet wins National Award for Cost Management

"Only airline in India to win this award"


Announcement  |  Corporate 

SpiceJet has won the coveted ICWAI award for excellence in Cost Management. The award was presented by The Ministry of Corporate Affairs, Government of India recently. Nandan Mimani, Vice President Finance and Financial Controller represented the company to collect the award. SpiceJet was one out of three companies from the private sector who won this award.

A distinguished jury comprising eminent people from Industry, Academia and Administration carefully selected the winners. Winners were selected on the basis of better practices for resource management, efficient utilization of capacity and working capital, quality augmentation program and R&D efforts and precise information on performance.

Commenting on this Sanjay Aggarwal, Chief Executive Officer, SpiceJet Limited said, “We are delighted with this award – it is a recognition of our collective efforts in the right direction. Cost consciousness has been an intrinsic part of our corporate culture – SpiceJet has one of the lowest operating costs in the industry.

We are constantly evaluating how to manage our costs even better, while providing a better experience to our customers. ”

Institute of Cost and Works Accountants of India, is a professional body specialized in the field of Cost & Management Accounting. It continues to promote, recognize and reward pioneer efforts in cost management in the corporate and public sector.

About SpiceJet Ltd.: SpiceJet is India's 'best low cost airline'*, delivering the lowest air fares with the highest consumer value. We operate 115 flights daily to 18 cities viz. Ahmedabad, Bangalore, Bagdogra, Chennai, Coimbatore, Delhi, Guwahati, Goa, Hyderabad, Jammu, Jaipur, Kochi, Kolkata, Mumbai, Pune, Srinagar, Varanasi and Visakhapatnam. Our on-time performance is amongst the best in India, at 82%, coupled with a Technical Dispatch Reliability of 99.6%, making us an airline with least cancellations. SpiceJet's new generation fleet of 19 Boeing 737-800 / 737-900ER aircraft are backed by cutting edge technology and infrastructure to ensure the highest standards in safety and operating efficiency.

SpiceJet is the winner of:

  • 2008 Frost & Sullivan Indian Commercial Aviation Emerging Company of the Year Award (Nov 2008) London Smart Travel Asia’s Top 10 Best Budget Airlines in Asia (Sept 2008) Hong Kong
  • Outlook Taveller’s Best Low Cost Airline (Feb 2008) India
  • TAFI – Abacus’s * Best Low Cost Airline (Sept 2007) Malaysia

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First Published: Tue, March 17 2009. 20:38 IST