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Sugar and spice
01 October 2006
14-month old SpiceJet is facing up to intense competition and more new entrants in the Indian market. Ritesh Gupta reports.
Read more:
spice jet; india; indian aviation
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SpiceJet has achieved 99.5% flight dispatch reliability and
maintained more than 90% on-time performance and
registered the lowest number of cancellations |
The Indian aviation market holds the same intrigue as a Bollywood movie. Critics believe the main character – the low-cost carriers (LCCs) – has reached the end of its honeymoon and that full-service carriers are fighting back for long lost market share.
Although the Centre for Asia Pacific Aviation (Capa) projects the LCC market share in India to reach 70% by 2010, it also acknowledges that it is crunch time for the LCC sector.
On a positive note, Kapil Kaul, Capa chief executive officer Indian Subcontinent and Middle East, says: "Full-service carriers are, on average, bleeding a remarkable 1.5 percentage points of market share every month to LCCs. We do not expect this rate to slow in the short term, given the profile of current fleet orders. LCCs could, therefore,...
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