SpiceJet Limited is a domestic low-budget air carrier which provides scheduled flights between major cities in India. The Company operates a fleet of Boeing 737 aircraft. E-booking and e-ticketing facilities are available online along with telephone booking. SpiceJet's maintenance support is handled by KLM and technology from Star Navigation, Russel Adams and Tech Log.
I personally don't favor any Airline company to invest in. But, for people who compulsively want to invest in Airline industry should look at Spice Jet ahead of other companies. Both KFA and Jet Airways are loaded with debt. Spice Jet has reduced its debt from over 400 Crores to less than 100 Crores which augers well for investors of today. Revenues have risen from 641 Crores to 2880 Crores in the last 5 years. It has seen losses in 2007, 08 & 09, followed by profits in 2010 and 2011. 2012 has seen losses so far on rising fuel prices and the fall in stock prices. With the new regulations which allow fuel import and FDI investments should boost up.
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