Nagpur, May 16, 2011: SpiceJet, India’s most preferred low fare airline, announces the addition of Nagpur as its 21st destination, using its new generation Boeing 737-800 aircraft. SpiceJet will connect the City of Oranges, Nagpur, with Delhi and Bangalore with one daily flight on each sector. The first flight from Nagpur to Delhi marked the commencement of operations on this route on May 15, 2011.

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

Announcing this development, Neil Mills, Chief Executive Officer, SpiceJet Limited said, “As we increase focus on strengthening our domestic network, our constant endeavor is to monitor traffic on all sectors and listen in to the passengers’ demand. Nagpur is a major commercial and political center for Maharashtra, besides being a popular tourist destination. Poised for an economic boom especially with the upcoming Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN), the city has shown significant demand for cost-effective and convenient travel options. We are happy to add Nagpur to our fast-growing network and look forward to extending our hospitality to passengers on this sector.”

The fare (inclusive of all taxes & charges) on this route begins from Rs. 2585/- the airline will fly its New Generation Boeing 737-800 (189 seater) aircraft on this route.

The following table explains the flight schedule to and fro from Nagpur:

SpiceJet has been expanding its network at a fast pace over the past few years, adding four new destinations in the 2010 alone. It plans to launch regional flights for Tier 2 and Tier 3 cities across India in the next few months, for which SpiceJet is acquiring new Q400 NextGen turboprop aircraft from Bombardier Inc. of Canada. Hyderabad’s Rajiv Gandhi International Airport (RGIA) will be the first base for SpiceJet’s regional operations using its brand new fleet of Bombardier Q-400 NextGen aircraft. The Q-400 operations are expected to begin in July 2011.

~Will be the first base for the new aircraft, looking at connecting several Tier-II & Tier-III cities~

Hyderabad, April 8, 2011: Hyderabad’s Rajiv Gandhi International Airport (RGIA) will be the first base for SpiceJet’s operations using its brand new fleet of Bombardier Q-400 NextGen aircraft. The aircraft will be serving Tier-II & Tier-III destinations like Aurangabad, Bhubaneswar, Goa, Indore, Madurai, Mangalore, Nagpur, Nasik, Raipur, Rajahmundry, Tirupati, and Vijayawada. The Q-400 operations are expected to begin in July 2011.
Commenting on choosing Hyderabad as an important hub for its regional operations, Neil Mills, Chief Executive Officer- SpiceJet Limited, says, “The Hyderabad Airport provides state of the art infrastructure support for our plans for the Q-400 aircraft. The South Central location of Hyderabad reduces flying time to any of the regional cities by 15-20 minutes, in comparison to other metros in the South. The location advantage of Hyderabad will allow us to explore and develop markets in the west, central and eastern part of the country apart from the strong consumer markets of the south. Hyderabad thus has the potential to become one of the main gateways in India and a key part of our Q-400 operations.”

SpiceJet already has a well developed network in South India with the current B-737 fleet with 18 daily departures ex-Hyderabad and connections to all major Indian cities. With the expansion of the network to Tier-II and Tier-III cities using the Q-400 NextGen aircraft, SpiceJet plans to develop a high frequency and point-to-point to network linking Hyderabad to these cities.

“We believe that the enormous potential in the Indian domestic market can be further tapped by enhancing regional connectivity in the country by focusing on Tier II and Tier III cities. We have selected the Q400 NextGen turboprop aircraft from Bombardier Inc. of Canada to facilitate this objective. We see a very robust and latent demand in these under-serviced sectors and expect that the value-for-money SpiceJet offering will help grow traffic significantly from the current levels. ”, adds Mr. Mills.

RGIA has emerged as the preferred destination for both airlines and passengers and is well equipped to handle the additional traffic. The airport has world class infrastructure including adequate parking bays, hydrant based fuel farm and excellent ground handling facilities for the aircraft. For the passengers, provision for enough check-in counters, 4 level baggage screening systems, large retail area and excellent connectivity to the city will ensure that flying out of Hyderabad will be a satisfying experience for all SpiceJetters.

Commenting on SpiceJet’s decision to base the Q-400 fleet in Hyderabad, Vikram Jaisinghani, Chief Executive Officer, GMR Hyderabad International Airport Limited, says “We are very happy withSpiceJet Chairman Shri KalanithiMaran’sdecision to choose Hyderabad as the first and key base for its regional operations with the brand new fleet of Q400 aircraft. Passengers in the Tier II and Tier III towns in the vicinity of Hyderabad Airport will now have very good connectivity to Hyderabad. Further, the passengers will be able to enjoy a truly world class experience of transiting via Hyderabad, the World’s No. 1 Airport, to other domestic and international destinations. This strengthens our plans to make Hyderabad as the leading gateway to South and Central India.”

5th successive profitable quarter for the airline

New Delhi, January 27, 2011

SpiceJet, India’s only profitable listed airline, continues its successful record with yet another quarter in the black. The airline reports a net profit of Rs. 94.4 crores for the quarter ended December 2010 with a 10% improvement in EBITDA to Rs. 114 crores over the same period previous year. With this result, SpiceJet has now declared a profit for the last 5 successive quarters. Reflecting the robust growth in domestic passenger traffic, SpiceJet had their highest quarterly load factors of 87.8% during this period and closed with an all-time high market-share of 13.6% for the quarter against load factor of 80% and a market-share of 12.5% for the same quarter last year.

Highlights for the quarter ended December 31, 2010 vs December 31, 2009

Operational

• 33% growth in number of passengers.
• 19% growth of Available Seat Kilometres.
• 21% growth in number of departures.

Financial

• 28% increase in Revenue from Operations.
• 7% increase in Revenue per Available seat Kilometer.
• EBIDTAR margin at 27%.
• EBIDTA margin at 14%.>/li>
• 8% increase in Profit before Tax for the quarter to Rs. 118 crores.
• MAT impact of Rs. 23.5 crores for the quarter.
• Net Profit of Rs. 94.4 crores for the quarter.

Neil Mills, Chief Executive Officer, said “In a sense, this has been a very crucial quarter for us. During these three months we have firmed up our future expansion plans with our fresh aircraft orders and have been preparing the ground for the rapid expansion planned over the next 3 years. In the backdrop of this, we are happy to have posted our highest quarterly load factor of 87.8% during this quarter. This clearly demonstrates the increasing consumer acceptance of the SpiceJet value-service offering. We are also pleased that the yields in the market remained stable despite an increase of 11% in the market domestic seat capacity.”

“We remain optimistic about the growth in domestic passenger traffic during the next 12-18 months and expect that the industry will grow in the 14-16% range. SpiceJet will be at the forefront of this growth and will continue to outperform the industry.” he concluded.

Business Update for October – December 2010

Domestic traffic grew at 19% 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 39.6% to 45.2% during this period. Yields remained stable, an indication that the industry capacity addition of 11% during the quarter was well absorbed by the market.

SpiceJet outperformed the broad industry yet again with a 33% growth in passenger traffic. It also improved its market share to 13.6% from 12.5% during the same period in the previous year. One of the highlights of this quarter was the commencement of SpiceJet’s international operations with flights on the Delhi-Kathmandu and Chennai-Colombo routes.

Online poll by Smart Travel Asia magazine rates SpiceJet high.

New Delhi, September 07, 2010: SpiceJet, India’s most preferred low fare airline features in the Top 5 list of the ‘Best Budget Airlines in Asia’, in the SmartTravelAsia ‘Best in Travel Poll’, 2010.

This worldwide online survey looks at the most outstanding travel products, as voted by global readers of online magazine SmartTravelAsia.com. This is the third successive year that India’s most preferred airline, SpiceJet, has received this recognition. This year SpiceJet has moved from being the 9th Best Budget Airline in 2009 to becoming the 5th Best Budget Airline in Asia. This year’s SmartTravelAsia consumer poll was conducted between May and July 2010 and involved the participation of genuine travelers with knowledge and passion to make critical judgments.

Receiving the award Kishore Gupta, Director, SpiceJet Limited said, “We are delighted to be ranked among the top 10 Budget Airlines in Asia for the third time in a row and are happy to have our services rated highly by travelers. A focus on customer needs and acting on customer feedback, dedicated team-members at work and a commitment to maintaining a lower cost of operations have helped us to provide safe, reliable and quality air transport to deliver superior service experience.”

SmartTravelAsia is the only dedicated online travel magazine for Asia. It is read by over 1,000,000 visitors annually. The unique online poll is democratic and global. The voting reflects a combination of actual experience, word-of-mouth and an idea of the brand drawn from advertising and editorial in the media, much of which is online.