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Budget carrier SpiceJet on Monday said its subsidiary <keyword id="6866514" type="General" weightage="20" keywordseo="SpiceXpress" source="Orion">SpiceXpress</keyword> and Logistics will receive USD 100 million investment from a UK-based group. SpiceJet, which is facing financial headwinds and an insolvency plea by an aircraft lessor, had recently hived off SpiceXpress. Also, last week, the airline said it has no plans to file for insolvency and would invest USD 50 million to revive 25 grounded planes. The United Kingdom-based SRAM &amp; MRAM Group will invest USD 100 million in SpiceXpress. Both sides have signed a Memorandum of Understanding (MoU) as part of the investment deal, the airline said in a release on Monday. The MoU also comes after a debt restructuring agreement between the carrier and aircraft lessor Carlyle Aviation Partner wherein the latter bought a stake in SpiceXpress at an anticipated future valuation of USD 1.5 billion (Rs 12,422 crore). SpiceJet Chairman and Managing Director Ajay Singh said the USD 100 million investment should help SpiceXpress to grow further and expand and provide a more streamlined and efficient service to its customers. SRAM &amp; MRAM Group has interests in agricultural and agro-food products, neural networks, artificial intelligence, hedge fund management, hospitality services and solutions, media and publishing, among other areas. So far this month, lessors have sought deregistration of five SpiceJet planes, a development that also comes against the backdrop of crisis-hit rival Go First shuttering operations and going for resolution proceedings under the insolvency law. SpiceJet stock was trading at Rs 30.27, up 2.33 per cent on BSE. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/fii-inflows-may-remain-consistent-in-may-with-turn-in-rate-cycle/articleshow/100234813.cms">FII inflows may remain consistent in May with turn in rate cycle</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/tata-motors-posts-net-profit-of-5408-crore-in-q4-beats-estimates/articleshow/100189259.cms">Tata Motors posts net profit of ₹5,408 crore in Q4, beats estimates</a>

SpiceJet subsidiary SpiceXpress to get USD 100 mn from UK group

SpiceJet Ltd on Monday said it has hived off its cargo and logistics business <keyword id="6866514" type="General" weightage="20" keywordseo="SpiceXpress" source="Orion">SpiceXpress</keyword> into a separate entity -- SpiceXpress and Logistics Pvt Ltd, from April 1. The move results in a one-time gain of Rs 2,555.77 crore for SpiceJet, substantially reducing its negative net worth, the company said. It also paves the way for SpiceXpress to raise funds independently, SpiceJet said. The decision to hive off SpiceXpress is in sync with the company's long-term business plan and will unlock significant valuation of the logistic business, SpiceJet Ltd Chairman Ajay Singh said. Singh further said "the separation of our cargo and logistics arm is a stepping stone in our growth story which shall unfold in the times to come". SpiceXpress reported a net profit of Rs 51.4 crore for the April-December period of FY23. "In a bid to boost the growth of its cargo business and provide a more streamlined and efficient service to its customers, SpiceJet Ltd has completed the hive off of its cargo and logistics division 'SpiceXpress' into a separate entity, SpiceXpress and Logistics Private Limited," the company said. The consideration for the slump-sale will be discharged by SpiceXpress by issuance of securities in the combination of equity shares and compulsorily convertible debentures to SpiceJet for an aggregate amount of Rs 2,555.77 crore which will also strengthen the balance sheet of SpiceJet, it said. According to Singh, "SpiceXpress will provide greater and differentiated focus to cargo and logistics business and will allow the possibility of raising capital for the business to accelerate its growth". Both SpiceJet and SpiceXpress have great potential and will complement each other well, he added. He also said that the hive off will not only enable SpiceXpress to raise cash independently, it will significantly reduce SpiceJet's negative net worth. "Having restructured over USD 100 million, outstanding dues to Carlyle Aviation Partner last month, the hive off will further strengthen and deleverage our balance sheet," Singh said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/avalon-technologies-ipo-top-10-points-about-this-electronic/slidelist/99201942.cms">Avalon Technologies IPO opens – 10 things you need to know before you subscribe</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/top-stocks-that-delivered-the-highest-yield-over-one-year/slidelist/99145713.cms">Time to bet on dividend income: Top stocks that delivered the highest yield over one year</a>

SpiceJet hives off cargo & logistics biz into separate entity from Apr 1

<keyword id="6358032" type="General" weightage="100" keywordseo="spicejet" source="Orion">SpiceJet</keyword> reported a net profit of Rs 107 crore (Rs 221 crore excluding forex adjustment) for the quarter ending December 31, 2022, as compared to a net profit of Rs 23.28 crore (Rs 20 crore excluding forex adjustment) in the quarter ending December 31, 2021. The airline on Friday said that despite a big jump in passenger traffic, business continued to be impacted by high fuel prices and the depreciating Rupee. The total revenue for the reported quarter was Rs 2,794 crore as against Rs 2,679 crore in the same quarter of the previous year. For the same comparative period, operating expenses were Rs 2,687 crore as against Rs 2,579 crore. <keyword id="6357826" type="General" weightage="50" keywordseo="ajay-singh" source="Orion">Ajay Singh</keyword>, Chairman and Managing Director, SpiceJet, said, "I am happy that SpiceJet has reported a profit in Q3 FY2023. We exceeded our operational targets and continued with our unmatched performance clocking the highest load factor for every single month in 2022. The profits have been driven by a strong performance in both our passenger and cargo businesses. There are renewed signs of recovery and some very positive developments and restructuring initiatives in the immediate offing that would significantly strengthen and deleverage our balance sheet." "Air travel has come roaring back, touching newer heights and giving a glimpse of the huge potential of the Indian aviation market and we look forward to a robust and exciting 2023," he said. In terms of operational parameters, SpiceJet had the highest passenger load factor amongst all airlines in the country. The average domestic load factor was 91 per cent for the quarter. The airline launched 15 new routes and operated 254 charter flights in the quarter. SpiceJet operates a fleet of Boeing 737s, Q-400s &amp; freighters and is the country's largest regional player operating multiple daily flights under UDAN or the Regional Connectivity Scheme. The majority of the airline's fleet offers <keyword id="2464218" type="General" weightage="50" keywordseo="spicemax" source="Orion">SpiceMax</keyword>, the most spacious economy-class seating in India. The airline also operates a dedicated air cargo service under the brand name <keyword id="6866514" type="General" weightage="50" keywordseo="spicexpress" source="Orion">SpiceXpress</keyword> offering seamless cargo connectivity across India and on international routes. SpiceXpress has reported Net Profit of Rs 12 crore in Q3 FY2023. SpiceXpress revenues are at Rs 120 crore in the reported quarter. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/draw-inspiration-from-vibrancy-of-indian-economy-pm-modi-at-g20-meeting/articleshow/98207499.cms">Draw inspiration from vibrancy of Indian economy: PM Modi at G20 meeting</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/auto-component-maker-divgi-torqtransfer-systems-to-open-its-ipo-on-march-1/articleshow/98207946.cms">Auto component maker Divgi TorqTransfer Systems to open its IPO on March 1</a>

SpiceJet net profit jumps to ₹107 crore in Q3 FY2023

<keyword id="6358032" type="General" weightage="100" keywordseo="spicejet" source="Orion">SpiceJet</keyword>, which is facing headwinds, on Wednesday reported widening of net loss to Rs 789 crore in the June quarter as high fuel prices and rupee depreciation adversely impacted the budget carrier. Amid the financial turmoil, the airline plans to raise USD 200 million, which is around Rs 1,600 crore at current exchange rates and expects to complete the hiving-off of its profitable cargo business into a separate company in the current quarter. In continuing woes for the carrier, aviation watchdog DGCA on Wednesday deregistered two more <keyword id="6357957" type="General" weightage="50" keywordseo="boeing" source="Orion">Boeing</keyword> 737 planes of SpiceJet, following non-payment of dues to lessors. With the latest deregistration, a total of six Boeing 737 aircraft of the budget carrier have been deregistered in August. The crisis-hit airline has also delayed payment of salaries to staff for the second straight month. However, SpiceJet said it has started crediting salaries from today and like the previous month, "salary will be credited in a graded format". Moreover, in the independent auditor's review report of the airline's latest quarterly results, it has been mentioned that there are indications of material uncertainties "that may cast significant doubt about the group's ability to continue as a going concern". On Wednesday, the airline also said that its Chief Financial Officer Sanjeev Taneja has resigned. The low-cost carrier had a net loss of Rs 729 crore in the quarter ended June 2021. In the latest June quarter, the net loss is Rs 420 crore, excluding forex adjustment. "Total revenue for the reported quarter was Rs 2,478 crore as against Rs 1,266 crore, a year-on-year growth of 126 per cent, in the same quarter of the previous year," the airline said in a release. The airline, which had delayed its March quarter and FY2022 earnings, saw its net loss widen to Rs 458 crore in the 2022 March quarter from Rs 235.3 crore in the year-ago period. For the full fiscal year 2021-22, the net loss surged 73 per cent to Rs 1,725 crore from Rs 998.30 crore in the comparable period. According to the airline, business was severely impacted by the third wave of the coronavirus pandemic and high fuel prices in the March quarter. SpiceJet Chairman and Managing Director <keyword id="6357826" type="General" weightage="50" keywordseo="ajay-singh" source="Orion">Ajay Singh</keyword> said the industry has been witness to one of the most severe operating environment in the recent past, which impacted the progress and recovery made in the third quarter of FY2022. In the June quarter, jet fuel prices rose 105 per cent on a year-on-year basis and 40 per cent on a sequential basis, the airline said. "We are optimistic about our future and our continued recovery and in order to achieve our future plans, the board has mandated fresh capital issuance and the company will be shortly engaging with investment bankers for a potential raise of up to USD 200 million," he said. The airline's cargo arm <keyword id="6866514" type="General" weightage="50" keywordseo="spicexpress" source="Orion">SpiceXpress</keyword> was in black during the first quarter of the current fiscal. It reported a net profit of Rs 18 crore. Cargo revenues rose 74 per cent to Rs 1,944 crore in FY2022. "We will soon conclude the hive-off of cargo business into a separate independent company, SpiceXpress in the current quarter which will be followed by capacity enhancement with additional freighter aircraft within FY2023," Singh said. Meanwhile, certain concerns have been flagged in the independent auditor report of the company's quarterly results. "... the group has an incurred net loss (after other comprehensive income) of Rs 7,827.82 million during the quarter ended 30 June 2022 and, as of that date, the group's accumulated losses amounts to Rs 67,471.11 million, which have resulted in complete erosion of its net worth and the current liabilities have exceeded its current assets by Rs 67,719.67 million as at 30 June 2022," it said. According to the report, these conditions and other matters indicate the existence of a material uncertainties that may cast significant doubt about the Group's ability to continue as a going concern. Singh said that despite the complex operating environment and highest-ever input costs, SpiceJet has been able to sustain its operations. "Last year was a period of restructuring and settlements and we successfully completed and implemented settlements with most of our major partners, including manufacturers and lessors setting the stage for our seamless growth and expansion. "As we move ahead, we are encouraged with the strong travel demand and our focus for the next year would be to induct more fuel-efficient Boeing 737-8 MAX aircraft and concentrate on our regional and international routes," he added. In recent months, SpiceJet has been facing turbulent times, including financial headwinds. In July, the regulator directed the airline to operate only 50 per cent of flights in the wake of many of its planes facing technical issues. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/airfares-may-get-costlier-this-festive-season-as-theres-no-cap-ticket-prices-from-now/articleshow/93917729.cms">Airfares may get costlier this festive season as there's no cap ticket prices from now</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/this-multi-cap-fund-has-survived-the-worst-market-cycles-and-yet-delivered-the-highest-returns/articleshow/93914048.cms">This multi-cap fund has survived the worst market cycles and yet delivered the highest returns</a>

SpiceJet net loss widens to ₹789 crore, CFO resigns

<ul><li>The Gurugram-based airline has widened its loss in the last five quarters as travel restrictions remain across the globe.</li><li>The company flew with the least number of passengers in April and May compared to the previous months of 2021.</li><li>Shares of <keyword id="6358032" type="CITY" weightage="20" keywordseo="SpiceJet">SpiceJet</keyword> were down 4.4% as investors were disappointed with the airline’s financial performance.</li></ul>SpiceJet seems to be struggling to sell its tickets as aircraft of the Gurugram-based airlines flew with the least numbers of passengers -- in 2021 -- in the last two months, which dug a hole in its pockets. Business operations of the airline industry have been highly affected as the government has restricted travel due to the continued impact of the pandemic. The company’s chairman and managing director (MD) indicated that it struggled to sell its tickets in the last five quarters. “The last five quarters have been the most difficult phase ever for SpiceJet as aviation remained the worst‐hit sector during the second wave as well. Q1 [first quarter] was severely impacted by the second wave as passenger traffic almost disappeared,” said Ajay Singh, MD and chairman in the earnings release. The company was able to utilise its passenger capacity much better than its peer Interglobe Aviation (Indigo). <div type="image" title="Copy of Copy of Zomato" msid="85366388" hostid="261"></div> Passenger load factor (PLF), is an airline industry metric that measures how much of an airline’s passenger carrying capacity is used. And here SpiceJet’s capacity utilisation hovered between 64-78% while Indigo’s capacity remained less than 60% in the last two months. In fact, SpiceJet’s best passenger load factor was best amongst all airlines in the country during the quarter. The average domestic load factor for the quarter was 69.5%. SpiceJet and Indigo are low cost airlines, which are budget-friendly. <div type="image" title="Spicejet stock" height="900" width="1200" msid="85366402" hostid="261"></div> Both the low cost airlines have been incurring loss. especially in the last 15 months, which saw major travel restrictions across countries. SpiceJet reported a loss of ₹731 crore in June quarter of this year, which widened from ₹256 crore loss in March quarter and ₹600 crore in June quarter of 2020. Shares of the company were also affected with its disappointing June quarter results. The stock was down 4% at ₹69 at 1:24 p.m., on Monday, August 16. <div type="image" title="Spicejet revenue" height="900" width="1200" msid="85366419" hostid="261"></div> At a time when the company is unable to sell its passenger tickets, it is filling up its cargos to make some money. SpiceXpress reported a profit of ₹30 crore in June quarter. SpiceXpress is the dedicated air cargo service that provides integrated logistics solutions. Its network spans over 68 domestic and 111 international destinations including US, Europe and Africa. In the June quarter it carried more than 43,000 tonnes of cargo. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/battlegrounds-mobile-india-hits-50-million-downloads-on-play-store/articleshow/85366359.cms">Battlegrounds Mobile India hits 50 million downloads on Play Store</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/one-third-of-indians-hold-cryptocurrencies-and-youngsters-are-leading-the-charge/articleshow/85364856.cms">One third of Indians hold cryptocurrencies and youngsters are leading the charge, according to a new report</a>

Flying with the least number of passengers in April, May burns a $100 million hole in SpiceJet’s books

New Delhi, <keyword id="6358032" type="DOMAIN" weightage="20" keywordseo="SpiceJet">SpiceJet</keyword> has signed an agreement with Belgium's <keyword id="505425" type="PERSON" weightage="20" keywordseo="Brussels-airport">Brussels Airport</keyword> for providing seamless transportation of <keyword id="9078985" type="UNKNOWN" weightage="20" keywordseo="Covid-19-Vaccines">COVID-19 vaccines</keyword>, according to an official statement issued on Tuesday. As a part of the Memorandum of Understanding (<keyword id="6368586" type="LOCATION" weightage="20" keywordseo="MoU">MoU</keyword>), Brussels Airport would provide assistance to SpiceJet with regards to slots, networking contracts etc. for speedy delivery of vaccines, it noted. "The airline's cargo arm, SpiceXpress, envisions to provide rapid and secure transportation of COVID-19 vaccine from and to Europe and beyond with proper temperature-controlled mechanism under the MoU," the SpiceJet's statement said. As part of this association, Brussels Airport will be SpiceJet's first flight point for Europe, it mentioned. As strategic partners, both SpiceJet and Brussels Airport Company NV will jointly work with the government, pharma companies and forwarders to ensure a reliable ecosystem for vaccine delivery in a temperature-controlled environment, it said. India started its vaccine movement from Tuesday morning when SpiceJet flight SG8937 flight transported the first consignment of COVID-19 vaccine from Pune to Delhi. Civil Aviation Minister <keyword id="151350" type="PERSON" weightage="20" keywordseo="Hardeep-Singh-Puri">Hardeep Singh Puri</keyword> said four airlines will operate nine flights to transport 56.5 lakh doses of COVID-19 vaccine from Pune to 13 cities across the country on Tuesday. DSP CK

SpiceJet ties up with Brussels Airport for transportation of COVID vaccines to Europe

Hyderabad, Mar 13 ( ) Budget carrier SpiceJet on Friday announced signing of a pact with GMR Hyderabad Aviation SEZ Limited (GHASL) for setting up a warehousing, distribution and trading facility in the airport operator's aerospace and industrial park. GAHSL is a fully-owned subsidiary of GMR Hyderabad International Airport Ltd (GHIAL). The facility, to be intially spread over in 33,000 sq feet area, will come up within the Free Trade Warehousing Zone of multi-product special economic zone (SEZ), SpiceJet said in a release. It may be further expanded to 1,00,000 sq ft based on demand, it said. GMR Aerospace and Industrial Park is housed in Hyderabad Airport City. The park offers 'ready-to-use' industrial infrastructure with the flexibility of choosing land within SEZ for businesses focusing on foreign markets and land in domestic tariff area for businesses catering to the Indian market. "As we expand SpiceXpress, our cargo arm, SpiceJet is proud to partner with GHASL for this first-of-its-kind initiative by an airline in India which will enhance and facilitate cargo industry in the country," airline Chairman and Managing Director Ajay Singh said. The Free Trade Zone and the end-to-end service provided by SpiceXpress will boost businesses saving valuable time for the airline's partner companies, he said. Many companies such as CFM Aircraft Engine Support South Asia, SAFRAN Electrical and Power India, United Technologies Corporation India, Turbo Aviation, GMR Aero Technic, among others, already have their facilities in the industrial park. "We welcome SpiceJet at GMR Aerospace &amp; Industrial Park. Its presence adds great value to the niche space of Free Trade Warehousing Zone," GHASL Chief Executive Officer Aman Kapoor said on the tie-up. The pharma, aerospace and defence, electronics, automotive and FMCG client base at Telangana will benefit from the availability of warehousing catering to the export and import of goods from Hyderabad Airport, Kapoor noted. GDK IAS ANSANS

SpiceJet inks pact with GMR Hyderabad Aviation SEZ

New Delhi, Apr 7 () Budget carrier SpiceJet has said it will be operating five in-cabin cargo flights on Tuesday, using a passenger aircraft, to transport vital supplies to various parts of the country amid the lockdown. Since March 27, various air operators, including Air India and its subsidiary Alliance Air have been operating cargo flights, using the belly space of the passenger plane, under Lifeline Udan initiative of the Central government, which is aimed at transportation of medical cargo and essential supplies across India at the time of the COVID-19 crisis. However, the private airlines are conducting such flights on a commercial basis. "SpiceJet has operated the country's first cargo-on-seat flight carrying vital supplies in the passenger cabin of a Boeing 737 and its belly space from Delhi to Chennai with due regulatory approvals on Tuesday," the airline claimed in a release. The aircraft will do five rotations on Tuesday ensuring that vital supplies are delivered in the shortest possible time, it said, adding the aircraft flew from Delhi to Chennai. From Chennai it operated to Surat and from Surat it operated back to Chennai. The aircraft will operate from Chennai to Mumbai and from Mumbai to Delhi later on Tuesday with cargo on-board, it said. "Since the lockdown began, we have carried more than 1,400 tons of cargo operating around 200 domestic and international cargo flights. Today, for the first time in the country, we used a passenger aircraft to transport cargo where in addition to the belly space the passenger cabin was used to safely carry essential supplies. "We have also put our five freighters to maximum use to transport cold chain medical supplies, medicines, medical devices for various state governments, medical and pharma companies," SpiceJet Chairman Ajay Singh said in a release. Special seat covers made from flame-proof material were used to cover the seats and the cargo on seat was secured with restraints, it said adding to ensure optimum utilisation of space, the overhead bin, were also used. SpiceJet's dedicated cargo arm, SpiceXpress has been regularly transporting surgical supplies, sanitizers, face masks, among others and providing doorstep deliveries of essential supplies, medicines and medical equipment across cities. On March 26, SpiceJet helped transport an emergency consignment of IR Thermometers, required to detect COVID-19, to Kolkata from Hong Kong, the airline said in the release. IAS MR

SpiceJet to operate 5 flights for transporting vital supplies on Tue

A first in India's <keyword id="833491" type="PERSON" weightage="20" keywordseo="airline-sector">airline sector</keyword>, "Pepper" provides an intelligent, bilingual conversational experience for callers, enabling faster and more effective customer service in Hindi and English GURGAON, India, Dec. 14, 2020, <keyword id="6358032" type="DOMAIN" weightage="20" keywordseo="SpiceJet">SpiceJet</keyword> today announced the launch of Pepper, the first bilingual, AI-powered <keyword id="4357894" type="PERSON" weightage="20" keywordseo="virtual-voice-assistant">virtual voice assistant</keyword> in the Indian airline industry. Built on the advanced natural language understanding and call steering capabilities of Nuance Communications' Intelligent Engagement Platform, Pepper is able to understand customer requests over the phone without needing legacy touchtone or menu options. As a result, SpiceJet customers can simply communicate their intent directly to Pepper and the platform will automatically provide information and resolve queries through natural, human-like conversation in either English or Hindi. With consumers today becoming increasingly familiar with the fast, easy access that virtual assistants provide on digital channels, the expectation for the same seamless and natural experiences on voice channels is growing. As a result, AI-powered virtual assistants are being deployed in voice channels to deliver the streamlined, frictionless, and fast conversational experiences that consumers expect and appreciate. SpiceJet's Pepper leverages Nuance's conversational AI technology to help customers navigate through their SpiceJet experience quickly and smoothly, understanding call intent, verifying the intent, and then offering relevant solutions. The Nuance Intelligent Engagement Platform expedites customer requests by accurately recognizing their needs and quickly steering the conversation to self-service options or directly to a customer service agent. The result is greater call routing accuracy, reduced call duration, and improved customer satisfaction. Debojo Maharshi, Chief Marketing Officer, SpiceJet Airline said, "At SpiceJet, more and more customers are reaching out via voice channels for service- whether it's for flight inquiries, bookings, or cancellations, or flight status. Recognizing this shift in consumer preferences, we created Pepper, which is built on a technology provided by Nuance that understands a customer's query and steers the conversation to provide a quick and relevant response. Now, customer satisfaction is measurably increasing. We're already looking for ways to expand Pepper's capabilities to address more customer needs and free up our human agents to provide more specific support related to our specialist service, SpiceMax." "People want to engage brands in the same way they communicate with friends, family, and colleagues, and the voice channel is starting to be their preferred choice in India," said Tony Lorentzen, SVP of Intelligent Engagement, Nuance. "Our AI technology enables natural conversational experience by understanding what the customer is saying, processing that intent, and providing the bridge to either a resolution or the right live person to help get to one. We are pleased to be partnering with SpiceJet for the roll out of Pepper voice bot and congratulate them for being first in their field with this kind of application." To learn more about the Nuance Intelligent Engagement Platform, click here. About <keyword id="10434935" type="COMPANY" weightage="20" keywordseo="nuance-communications-nuance-communications">Nuance Communications Nuance Communications</keyword> (NASDAQ: NUAN) is a technology pioneer with market leadership in conversational AI and ambient intelligence. A full-service partner trusted by 90 percent of U.S. hospitals and 85 percent of the Fortune 100 companies worldwide, Nuance creates intuitive solutions that amplify people's ability to help others. Trademark reference: Nuance and the Nuance logo are registered trademarks or trademarks of Nuance Communications, Inc. or its affiliates in the United States and/or other countries. All other trademarks referenced herein are the property of their respective owners. About <keyword id="158803" type="DOMAIN" weightage="20" keywordseo="SpiceJet-Ltd">SpiceJet Ltd</keyword> SpiceJet is India's favourite airline that has made flying affordable for more Indians than ever before. The airline has a fleet of 72 Boeing 737, 23 Bombardier Q-400s, 14 B737 &amp; Bombardier Q-400 freighters and is the country's largest regional player operating 57 daily flights under UDAN or the Regional Connectivity Scheme. The majority of the airline's fleet offers SpiceMax, the most spacious economy class seating in India. The airline also operates a dedicated air cargo service under the brand name SpiceXpress offering safe, on-time, efficient and seamless cargo connectivity across India and on international routes. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-ril-airtel-vodafone-idea-tcs-tata-steel-cams-nmdc-and-others/articleshow/79732131.cms">Top stocks to watch — RIL, Airtel, Vodafone-idea, TCS, Tata Steel, CAMS, NMDC and others</a> <a href="https://www.businessinsider.in/tech/news/comparing-the-apple-m1-macbook-vs-the-intel-macbook/articleshow/79733783.cms">Apple vs Intel – Comparing the Apple M1 MacBook vs the Intel MacBook</a>

You Searched For "SpiceXpress" and got 9 results

SpiceJet subsidiary SpiceXpress to get USD 100 mn from UK group

PTI

SpiceJet hives off cargo & logistics biz into separate entity from Apr 1

PTI

SpiceJet net profit jumps to ₹107 crore in Q3 FY2023

IANS

SpiceJet net loss widens to ₹789 crore, CFO resigns

PTI

Flying with the least number of passengers in April, May burns a $100 million hole in SpiceJet’s books

Bhakti Makwana

SpiceJet ties up with Brussels Airport for transportation of COVID vaccines to Europe

PTI

SpiceJet inks pact with GMR Hyderabad Aviation SEZ

PTI

SpiceJet to operate 5 flights for transporting vital supplies on Tue

PTI

SpiceJet launched "Pepper" AI-powered virtual voice assistant with Nuance Communications

PTI

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