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Spicejet offers 99 paisa tickets in low cost battle

January 26, 2006

Spicejet flight tickets at 99 paisa will be available for travel between February 15 to April 15. There are 99,999 cheap 99 paisa tickets on offer, the low-cost airline said in a statement today. Tickets purchased under the offer are eligible for travel between Februiary 15 to April 15. This is a promotional flight ticket offer, said a Spicejet statment.

The 99 paisa tickets will be available on all Spicejet flight routes. Spicejet currently flies to 14 routes with 118 daily flights. The 99 paisa Spicejet flight tickets will be available for travel between Spicejet termed the 99 paisa flight ticket as a Republic Day Gift.

The 99 paisa ticket rivals an earlier offer by market leader Air Deccan to sell flight tickets at Re 1. This is the lowest fare ever offered by any airline in India. Of course, taxes and surcharges will have to be paid on top of the fare of 99 paisa.

With fuel prices declining recently due to lower crude prices, airlines have more elbow room to offer cheap flight tickets like the one offered by Spicejet at 99 paise.

Spicejet currently has flights to Srinagar, Jammu, New Delhi, Jaipur, Varanasi (Benares), Guwahati, Ahmedabad, Mumbai (Bombay), Pune, Hyderabad, Goa, Chennai, Bangalore and Kolkata (Calcutta). The 99 paisa Spicejet tickets will be available on these routes.

Said SpiceJet CEO Siddhanta Sharma: "There cannot be any better way to celebrate the 58th Republic Day of India, than giving the citizens of India 'Freedom to Fly at 99 paisa. This is also a small gesture of thanks giving to all those passengers who rendered their valuable support to us.

Spicejet is one of the leading players in the low-cost airlines in India. The other airlines offering cheap flight tickets include Air Deccan and GoAir. Spicejet is the reincarnation of ModiLuft, an upstart private airline which went down in the late ninetees. Out of the private airines born in the ninetees, only Jet Airways and Air Sahara have survived so far. Both are regular full service airline. Low-cost airlines in India like Spicejet, instead of regular air travellers, have tried to carve out a new market by luring upper class train passengers.On the inaugural day of Spicjet bookings, it received 37,348 ticket bookings, the largest received by any airline ever in Asia. Spicejet has been named as the most preferred airline in India.

Recently, the Tata group picked up a minority stake in Spicejet as a financial investment. Spicejet has since invited Tatas to take a board seat. The Tatas have not joined the board so far.

Spicejet reported a load factor of 93% in a single day in December. It flew 12,667 passengers with 10 aircraft in a day. Spicejet has a feet with 10 Boeing 737 – 800 aircraft. The airline started operations with three leased new generation Boeing aircraft.

“We are highly delighted with our overwhelming performance by flying over 12,000 passengers on a single day. We are very confident that we will receive even better response in days to come. We will continue to fly our passengers on time and at reasonable fares, that has enabled SpiceJet to achieve the highest load factor among all airlines in India,” SpiceJet Director Mr. Ajay Singh said.

Low-cost airline Spicejet, which started operations in 2005, currently has a seat capacity of 11,000 per day. It has a marketshare of around 9% in the Indian airline industry. Spicejet is planning to introduce 20 more aircraft in three years. Spicejet gets maintenance support by KLM and technology from Star Navigation, Russel Adams and Tech Log.

Spicejet has tie-ups with and for easy availability of flight tickets.

Flight routes served by SPicejet

Delhi — Ahmedabad, Mumbai, Goa, Bangalore, Pune, Guwahati and Varasani
Ahmedabad — Delhi, Mumbai, Bangalore, Chennai, Goa
Mumbai — Delhi, Ahmedabad, Goa
Pune — Delhi, Bangalore
Bangalore — Pune, Ahmedabad, Delhi, Hyderabad
Goa — Delhi, Mumbai, Ahmedabad
Chennai — Delhi, Mumbai, Kolkata, Hyderabad, Ahmedabad
Hyderabad — Chennai, Kolkata, Bangalore
Kolkata — Delhi, Chennai, Hyderabad, Guwahati
Jammu — Delhi, Srinagar
Srinagar — Delhi, Jammu
Varanasi — Delhi
Guwahati — Delhi, Kolkata

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