SpiceJetFounded1994 (1994)(as ModiLuft)2004 (2004)(as SpiceJet)Commenced operations24 May 2005 (2005-05-24)Operating basesDelhiHyderabadSubsidiariesSpiceXpressFleet size54Destinations35Traded asBSE: 500285NSE: SPICEJETISININE285B01017HeadquartersGurgaon, Haryana, IndiaKey peopleAjay Singh (chairman and MD)Sanjeev Taneja (CFO)Debojo Maharshi (CBO)Revenue₹8,524 crore (US$890 million) (2024)Operating income₹−423 crore (US$−44 million) (2024)Net income₹−423 crore (US$−44 million) (2024)Total assets₹6,472 crore (US$670 million) (2024)Total equity₹−5,218 crore (US$−540 million) (2024)Employees6,484 (2025)Websitewww.spicejet.comSpiceJet is an Indian low-cost airline headquartered in Gurgaon, Haryana.
Jehangir WadiaJehangir Nusli "Jeh" Wadia (born 6 July 1973) is an Indian businessman, who was the Managing Director of Go First, Bombay Dyeing and Bombay Realty. He was also a Director on the Boards of Britannia Industries, the Bombay Burmah Trading Corporation, Wadia Techno – Engineering Services and others. Wadia, his father and his brother are the only direct living descendants of Muhammad Ali Jinnah and his family.
Pratt & Whitney PW1000GThe Pratt & Whitney PW1000G family, also marketed as the Pratt & Whitney GTF (geared turbofan), is a family of high-bypass geared turbofan engines produced by Pratt & Whitney. The various models can generate 15,000 to 33,000 pounds-force (67 to 147 kilonewtons) of thrust. As of 2025, they are used on the Airbus A220, Airbus A320neo family, and Embraer E-Jet E2.
Pratt & WhitneyPratt & Whitney is an American aerospace manufacturer with global service operations. It is a subsidiary of RTX Corporation (formerly Raytheon Technologies). Pratt & Whitney's aircraft engines are widely used in both civil aviation (especially airliners) and military aviation. Its headquarters are in East Hartford, Connecticut. The company is the world's second largest commercial aircraft engine manufacturer, with a 35% market share as of 2020.
Wadia GroupWadia Group is an Indian multinationalconglomerate, founded in Surat, headquartered in Mumbai. It was founded by Lovji Nusserwanjee Wadia in 1736 and is the oldest company in India, with its subsidiary The Bombay Burmah Trading Corporation Limited, established in 1863, being the oldest publicly traded Indian company.
Airbus A320 familySingle-aisle airliner familyThe Airbus A320 family is a series of narrow-body airliners developed and produced by Airbus, and is the best-selling airliner ever built. The A320 aircraft programme was launched in March 1984, first flew on 22 February 1987, and was introduced in April 1988 by Air France.
MumbaiCapital of Maharashtra, IndiaMegacity in Maharashtra, IndiaMumbai ( ; Marathi: Mumbaī, pronounced ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra and the financial capital of India. Located on the Konkan coast along the west coast of India, it has a deep natural harbour.
Delhi High CourtThe High Court of Delhi is the principal judicial authority for state in Delhi, India. It was established on 31 October 1966, through the Delhi High Court Act, 1966. Below it are 11 subordinate courts that oversee smaller judicial districts. The court gets its powers from Chapter V of Part VI of the Constitution of India. HistoryEstablished in 1919, the High Court of Judicature at Lahore exercised jurisdiction over the then provinces of Punjab and Delhi.Initial public offeringAn initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as floating or going public, a privately held company is transformed into a public company.
MaharashtraMaharashtra is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to the southeast and Chhattisgarh to the east, Gujarat and Madhya Pradesh to the north, and the Indian union territory of Dadra and Nagar Haveli and Daman and Diu to the northwest.National Company Law TribunalThe National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies. The tribunal, established under the Companies Act 2013, was constituted on 1 June 2016 by the government of India and is based on the recommendation of the V. Balakrishna Eradi committee on law relating to the insolvency and the winding up of companies.
Low-cost carrierAirline with generally lower fares Aero K Airbus A320-214 (registered HL8562) taxiing at Taoyuan International Airport. Ryanair and Wizz Air are the two major ULCCs in the European market. A low-cost carrier (LCC) or low-cost airline, also called a budget or discount carrier or airline, is an airline that is operated with an emphasis on minimizing operating costs. It sacrifices certain traditional airline luxuries for cheaper fares.*As an Amazon Associate I earn from qualifying purchases.