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SpiceJet to shift its entire operations at Mumbai to Terminal 2 from October 1

Posted On: 2019-08-21 08:29:01

SpiceJet, the country's favourite airline, will shift its entire Mumbai operations to the state-of-the-art Terminal 2 of the city's Chhatrapati Shivaji Maharaj International Airport with effect from 1st October, 2019. The transition is being proactively planned and implemented by the airline with the active support of Mumbai International Airport Limited (MIAL) to enhance passenger convenience.

The consolidation of operations (both passenger and cargo) will help SpiceJet efficiently service thousands of passengers travelling on the airline to and from the Chhatrapati Shivaji Maharaj International Airport across both its domestic and international networks by bringing all the operations under one Terminal. It will lead to better synergies and cut down costs substantially for the airline. SpiceJet, at present, operates 150 daily flights connecting Mumbai.

"Beginning October 1, 2019, SpiceJet's entire operations (passenger and cargo) at Mumbai Airport would be consolidated at Terminal 2. A single Terminal operation would not just help SpiceJet substantially cut down its costs but provide our passengers a seamless and smooth travel experience as they transit between domestic and international flights at one of the country's busiest airports," said Ajay Singh, Chairman and Managing Director, SpiceJet.

"I would also like to take this opportunity to thank Dr. GVK Reddy, Mr. GV Sanjay Reddy, Mr. R.K. Jain and the entire MIAL team for the steadfast support, cooperation and encouragement they have provided to SpiceJet."

In the past four months, SpiceJet has announced 78 new flights connecting Mumbai thereby enhancing its operations manifold from the city. It now flies to a host of new cities from the country's financial capital to domestic destinations such as Madurai, Jammu (via Srinagar), Dehradun, Guwahati, Jaipur, Amritsar, Mangalore, Coimbatore, Belagavi etc. as well as international hotspots such as Jeddah, Dhaka, Riyadh, Hong Kong and Bangkok. Between April and August 9, 2019, SpiceJet has added 36 aircraft to its fleet. These include 29 Boeing 737 NG aircraft, five Bombardier Q400s and two B737 freighters.

Shares of SPICEJET LTD. was last trading in BSE at Rs.141 as compared to the previous close of Rs. 146.35. The total number of shares traded during the day was 782028 in over 8692 trades.

The stock hit an intraday high of Rs. 146.55 and intraday low of 139.25. The net turnover during the day was Rs. 110862878.


Source: Equity Bulls

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