SpiceJet now connects Hyderabad with 12 destinations with its Q400’s. Commercial operations commence 21st September 2011 with flights to Tirupati

Announces Trivandrum as the 29th domestic destination with daily flights to Hyderabad and Chennai.

15 September 2011, Hyderabad :

SpiceJet, India’s most preferred budget airline will commence their much-anticipated Q-400 operations from 21st September 2011. In the first phase, SpiceJet will connect Hyderabad to twelve popular Tier II and Tier III destinations – Aurangabad, Bhopal, Goa, Indore, Madurai, Mangalore, Nagpur, Pune, Rajahmundry, Tirupati, Trivandrum and Vijayawada. The inaugural all-inclusive fare to these cities starts at Rs 999/-. .

This limited seat offer is valid for bookings for the first 14 days of commercial operations.

SpiceJet will be commissioning a brand new fleet of the latest Q400 NextGen turboprop aircraft from Bombardier which have been ordered to cater to enhancing the air connectivity to Tier-II and Tier-III towns.

The Q400 NextGen turboprop aircraft, which can accommodate 78 passengers, is widely accepted as the best short-haul plane in the world. SpiceJet had placed an order for 30 such aircraft and have taken delivery of the first 4 aircraft during early-September.

With this expansion SpiceJet will be adding 8 new destinations to their existing network of 21 domestic cities – Aurangabad, Bhopal, Indore, Mangalore, Rajahmundry, Tirupati, Trivandrum and Vijayawada.

SpiceJet will also be adding routes within its existing destinations using the Q400 aircraft and will now operate direct flights from Hyderabad to Goa, Nagpur, and Pune

SpiceJet will also be flying on 6 currently unconnected routes – Hyderabad-Aurangabad, Hyderabad-Madurai, Hyderabad-Mangalore, Hyderabad-Trivandrum, Bangalore-Vizag and Vizag-Tirupati.

Announcing this development, Neil Mills, Chief Executive Office, SpiceJet Limited said, “It is really great to announce that spicejet is bringing this game changing aircraft to these new cities and we look forward to bring in these superior aircraft to more cities in the future.”

Mr. Vikram Jaisinghani, CEO, GMR Hyderabad International Airport Ltd (GHIAL) said “We are delighted that SpiceJet has chosen Hyderabad International Airport as its base for regional connectivity to Tier-2 and Tier-3 Indian cities by introducing the Bombardier fleet for the first time in India. With this initiative, the regional connectivity from Hyderabad airport will increase by 100 per cent and the airport will witness the highest number of weekly frequencies to these targeted cities. Flying from Hyderabad will not only have considerable saving in flying time, but would also be very cost effective for the passengers. Hyderabad airport has world class infrastructure facilities for the aircraft as well as for passengers and is well equipped to handle any additional traffic thereby making it the most the preferred destination for airlines and passengers. We are confident that with this increase in regional connectivity from SpiceJet, Hyderabad will become the most attractive destination for passengers from tier 2 and tier 3 cities to connect with other domestic metros and international destinations. This is also a step further towards our vision of making Hyderabad the gateway of South and Central India”.

Tickets can be booked through www.spicejet.com or Toll Free Reservation at 1800 180 3333 / 0987 180 3333 and through Travel Agents.

Schedules:

Days:- 1. Monday, 2- Tuesday 3 – Wednesday, 4- Thursday, 5 – Friday, 6 – Saturday and 7 – Sunday

About SpiceJet Ltd.:

SpiceJet (www.spicejet.com) is India’s most preferred airline, with more than 14% market share, delivering the lowest air fares with the highest consumer value. We operate 202 flights daily to 21 Indian cities viz. Agartala, Ahmedabad, Bangalore, Bagdogra, Chennai, Coimbatore, Delhi, Guwahati, Goa, Hyderabad, Jammu, Jaipur, Kochi, Kolkata, Madurai, Mumbai, Nagpur, Pune, Srinagar, Varanasi and Visakhapatnam and two international destinations, Kathmandu and Colombo. SpiceJet’s new generation fleet of 30 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:-

• Smart Travel Asia’s Top 5 Best Budget Airlines in Asia (Aug 2010) and in Top 10 list for 2 consecutive years (Aug 2008 & Sept 2009, Hong Kong)
• Outlook Traveler’s Best Low Cost Airline (Feb 2008 & Feb 2010)
• Award for Best Website at ‘World Low Cost Airlines Asia Pacific Conference’ (January 2010, Singapore)
• India’s best low-fare airline in a survey conducted by MaRs on behalf of Hindustan Times (December 2009)
• World Travel Market Award for multi-channel approach in distribution (November 2009, London)
• National Award (ICWAI) for excellence in Cost Management (March 2009)
• CIO 100 Award for IT efforts for customer satisfaction and business growth (2007, 2008 & 2009)

Commercial flights commence 21st September 2011. All Inclusive launch fares start Rs. 1999.

Delhi, 11th August, 2011:SpiceJet, India’s most preferred budget airline announces the commencement of its much-anticipated Q-400 operations by opening bookings for the first phase. In this phase, SpiceJet will connect Hyderabad to seven popular Tier II and Tier III destinations – Aurangabad, Bhopal, Indore, Mangalore, Rajahmundry, Tirupati and Vijayawada. The all-inclusive inaugural fare on these routes begins from Rs. 1999.

SpiceJet will be commissioning a brand new fleet of the latest Q400 NextGen turboprop aircraft from Bombardier which have been ordered to cater to enhancing the air connectivity to Tier-II and Tier-III towns. The Q400 NextGen turboprop aircraft, which can accommodate 78 passengers, is widely accepted as the best short-haul plane in the world. SpiceJet had placed an order for 30 such aircraft and are in the process of taking delivery of the first 4 aircraft during August.

SpiceJet will also be adding routes within its existing destinations using the Q400 aircraft and will now operate direct flights from Hyderabad to Goa, Madurai, Nagpur and Pune and Bangalore to Vizag. SpiceJet will also be flying on 3 currently unconnected routes – Hyderabad-Mangalore, Hyderabad-Aurangabad and Vizag-Tirupati.

Announcing this development, Neil Mills, Chief Executive Office, SpiceJet Limited said, “We decided to strategically focus on improving air connectivity in Tier-II and Tier-III towns as we believe there is a large market in India which is yet to be touched by the benefits of the aviation revolution. With the launch of our Q-400 turbo-prop operations, Mr. Maran’s vision to offer extensive domestic coverage to SpiceJet passengers in Tier II and Tier III cities is now being realized. We are very happy to be entering this new phase of growth, which we believe holds the future of the aviation industry in the country.”

Hyderabad’s Rajiv Gandhi International Airport (RGIA) had been chosen as the first base for the regional operations. The south-central location of Hyderabad reduces flying time to any of the cities in the region making it the most suitable location to connect other cities especially in the South. The location advantages of Hyderabad also allow exploring and developing markets in the west, central and eastern part of the country.

Tickets can be booked through www.spicejet.com or Toll Free Reservation at 1800 180 3333 / 0987 180 3333 and through Travel Agents.

Schedules:

Days:- 1. Monday, 2- Tuesday 3 – Wednesday, 4- Thursday, 5 – Friday, 6 – Saturday and 7 – Sunday

About SpiceJet Ltd.:

SpiceJet (www.spicejet.com) is India’s most preferred airline, with 14% market share, delivering the lowest air fares with the highest consumer value. We operate 202 flights daily to 21 Indian cities viz. Agartala, Ahmedabad, Bangalore, Bagdogra, Chennai, Coimbatore, Delhi, Guwahati, Goa, Hyderabad, Jammu, Jaipur, Kochi, Kolkata, Madurai, Mumbai, Pune, Srinagar, Varanasi Visakhapatnam and Nagpur. On the international front, SpiceJet operates flights to Kathmandu and Colombo. SpiceJet’s new generation fleet of 29 Boeing 737-800 / 737-900ER a ircraft are backed by cutting edge technology and infrastructure to ensure the highest standards in safety and operating efficiency.

SpiceJet is the winner of:-

• Outlook Traveler’s Best Low Cost Airline (Feb 2008 & Feb 2010)
• Award for Best Website at ‘World Low Cost Airlines Asia Pacific Conference’ (January 2010, Singapore)
• India’s best low-fare airline in a survey conducted by MaRs on behalf of Hindustan Times (December 2009)
• Employer Branding Institutes’ Best Employer Brand Award for our employee best practices (December 2009)
• World Travel Market Award for multi-channel approach in distribution (November 2009, London)
• Smart Travel Asia’s Top 10 Best Budget Airlines in Asia for two consecutive years (Aug 2008 & Sept 2009, Hong Kong)
• Smart Travel Asia’s Top 10 Best Budget Airlines in Asia for two consecutive years (Aug 2008 & Sept 2009, Hong Kong)
• CIO 100 Award for IT efforts for customer satisfaction and business growth (2007, 2008 & 2009)
• Frost & Sullivan Indian Commercial Aviation Emerging Company of the Year Award (Nov 2008, London)

Increases market share to 14% in a difficult operating environment

New Delhi, August 12, 2011: The summer season of FY2012 saw domestic capacity addition grow nearly 5% ahead of the demand growth of around 15%. This sudden spurt in capacity addition combined with irrational competitive pricing by the larger airlines resulted in a challenging operating environment. Additionally, Q1FY12 also saw a steep increase in fuel price over Q1FY11, which made the cost environment adverse. Despite these challenges, SpiceJet increased its domestic market-share from 13% to 14%.

SpiceJet posted a Loss of Rs.72 crores for Q1FY12 and in a challenging cost environment reduced Non-Fuel cost per ASKM by 5% from Rs.1.65 to Rs.1.57. The average passenger yields were higher by 5.5% at Rs. 3663 indicating that SpiceJet was successful in passing on some part of the fuel price increase despite the challenging competitive environment. Seat Factors during the quarter were 78.9%.

Fuel prices during Q1FY12 were 43% higher than same period last year and Fuel Cost constituted 53% of the total costs in Q1FY12 as compared to 36% in Q1FY11 and 42% for the full year FY11.

Highlights for the quarter ended June 30, 2011 vs June 30, 2010
1.Operational

• 25 % growth in number of passengers.
• 36.7 % growth of Available Seat Kilometres.
• 40 % growth in number of departures.

2.Financial

• 32% increase in Revenue from Operations.
• 5.5% increase in passenger yields to Rs.3,663 from Rs.3,472.
• EBIDTAR margin at 7%.
• Net loss of Rs.72 crores for the quarter compared to a Net profit of Rs.55 crores

Neil Mills, Chief Executive Officer, said, “During these three months we have firmed up our future expansion plans and have been preparing the ground for the rapid expansion planned over the next 3 years. We have recently received requisite approvals for the import of Bombardier Q-400 aircraft backed by financing from Export Credit of Canada. With this we are glad to announce that we have today opened our bookings for our Q400 operations. We will be connecting Hyderabad to Aurangabad, Bhopal, Indore, Mangalore, Rajahmundry, Tirupati, and Vijayawada. We are very happy to be entering this new phase of growth by promoting much needed air connectivity to Tier-II and Tier-II towns, which we believe holds the future of the aviation industry in the country.”

Business Update for April – June 2011

Domestic traffic grew at 15% during the quarter over the same period previous year and continued to show increasing inclination towards the low-cost carriers. The market share of LCC’s increased from 42.6% to 47.6% during this period. However, yields remained under severe pressure due to an irrational pricing environment that prevailed in the market, thereby undermining the airline’s ability to pass on the impact of the higher fuel price to the passenger in a growing market.

SpiceJet outperformed the broad industry yet again with a 25% growth in passenger traffic. It also improved its market share from 13.0% to 14.0% during the same period in the previous year.

About SpiceJet Ltd.:

SpiceJet (www.spicejet.com) is India’s most preferred airline, with more than 14% market share, delivering the lowest air fares with the highest consumer value. We operate 202 flights daily to 21 Indian cities viz. Agartala, Ahmedabad, Bangalore, Bagdogra, Chennai, Coimbatore, Delhi, Guwahati, Goa, Hyderabad, Jammu, Jaipur, Kochi, Kolkata, Madurai, Mumbai, Nagpur, Pune, Srinagar, Varanasi and Visakhapatnam and two international destinations, Kathmandu and Colombo. SpiceJet’s new generation fleet of 30 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:-

• Smart Travel Asia’s Top 5 Best Budget Airlines in Asia (Aug 2010) and in Top 10 list for 2 consecutive years (Aug 2008 & Sept 2009, Hong Kong)
• Outlook Traveler’s Best Low Cost Airline (Feb 2008 & Feb 2010)
• Award for Best Website at ‘World Low Cost Airlines Asia Pacific Conference’ (January 2010, Singapore)
• India’s best low-fare airline in a survey conducted by MaRs on behalf of Hindustan Times (December 2009)
• World Travel Market Award for multi-channel approach in distribution (November 2009, London)
• National Award (ICWAI) for excellence in Cost Management (March 2009)
• CIO 100 Award for IT efforts for customer satisfaction and business growth (2007, 2008 & 2009)

New Delhi, May 27, 2011

SpiceJet, India’s most preferred low-cost carrier, continued to outperform the industry by announcing a second straight year of profitable operations. SpiceJet declared an annual profit of Rs. 101.2 crores during FY 2010-11 against a profit of Rs. 61.5 crores during the previous financial year.

Reflecting the robust growth in domestic passenger traffic, Spicejet, in FY 2010-11, saw a 30% increase in traffic whereas the total domestic air traffic increased only by 19%. This clearly indicates customer preference for the reliability and value proposition offered by Spicejet. The quarterly load factors touched 80% during the Jan-Mar ’11 quarter and the airline closed the year with a domestic market-share of 13.6%.

This profit growth is despite a significant rise in fuel costs and a very challenging pricing environment in the Jan-Mar quarter.

Highlights for the year ended March 31, 2011

1.Operational

• 30% Growth in number of passengers.
• 19% Growth of Available Seat Kilometers.
• 490 basis point improvement in load factor.

2.Financial

• 33% increase in Operating Revenue.
• 0.5% reduction in Cost (ex-fuel) per Available Seat Kilometer.
• 26% increase in Fuel cost per Available Seat Kilometer.
• EBIDTA margin nearly doubled from 2.2% to 3.9%.
• PAT of Rs 101.2 crores versus Rs. 61.5 crores during the previous year – up 65%.
• PBT of Rs. 125.9 crores vs. Rs. 67.8 crores during the previous year – up 86%.
• Net Profit margin up 70 basis points to 3.4%

Highlights for the quarter ended March 31, 2011

1.Operational

• 41% Growth in number of passengers.
• 36% Growth of Available Seat Kilometers.
• 110 basis point improvement in load factor.

SpiceJet’s market share increased to 13.3% in FY 10-11 as compared to 12.3% during FY’09-10. Domestic traffic during the year grew by 19% – significantly ahead of the industry forecast. SpiceJet expects the demand scenario to continue to remain robust and expects a 14-16% domestic demand growth during FY’11-12.

SpiceJet reached several important milestones during FY ’10-11. One of the most significant achievements was the successful completion of five years of domestic operation in May 2010, making it eligible to fly on international routes. The airline commenced its flights to Kathmandu and Colombo in October 2010. On the domestic front, SpiceJet added two new destinations – Agartala and Madurai – on their network.

Neil Mills, Chief Executive Officer of SpiceJet said, “We are very pleased that we have continued to grow and remain profitable despite the challenges such as escalating ATF prices and significant yield pressures during the Jan-Mar quarter. Our robust business model and focus on operational efficiencies has been instrumental in ensuring that we continue to outpace the industry. We are now in a phase of rapid expansion and are looking at an aggressive addition to our fleet in the next few years. The most interesting development will be the start of our Q400 turbo-prop operations which is currently planned for the month of July and we are confident that this will take us to the next level of growth.”

In line with the SpiceJet Chairman, Mr. Kalanithi Maran’s, vision of strengthening domestic connectivity to Tier 2 and Tier 3 towns, SpiceJet announced their order of 30 Q400 NextGen turboprop aircraft from Bombardier Inc. of Canada in Sep ’10. Hyderabad’s Rajiv Gandhi International Airport (RGIA) will be the first base for SpiceJet’s turbo-prop operations and that are expected to begin in July 2011.

SpiceJet plans to add 7 Boeing 737 aircraft during this year, to its operational fleet of 25 aircraft, to capitalize on the expected domestic demand growth. SpiceJet also plans to scale up its international operations by commencing services to destinations in South Asia and the Middle-East. The airline plans to have around 70 aircraft in its fleet by 2013 including the Q400 Bombardier aircraft.