SpiceJet launches new international non stop flights
The private airline, Spicejet, announced on Monday that the company has started new international flights from Mumbai. New international schedule will commence from May-end, the company informed.
SpiceJet will connect Mumbai to host of international destinations with direct non-stop flights to Hong Kong, Jeddah, Dubai, Colombo, Dhaka, Riyadh, Bangkok and Kathmandu, starting May this year. The airline already has daily connectivity from Mumbai to Dubai and Bangkok, which it added just recently. Both these flights offer non-stop service. In its exchange filing, the company hinted at additional two flights between Mumbai and Dubai.
After the launch, SpiceJet will be the only Indian airline with daily direct connectivity. The flight operations Mumbai-Colombo, Mumbai-Dhaka, Mumbai-Riyadh, Mumbai-Hong Kong and Mumbai-Kathmandu sectors will come under the cap of budget air travel. The additional international flights comes on the back of additional six domestic flights to Kolkata, Chennai and Varanasi.
SpiceJet’s expansion to new destinations can be expected to give good returns after Jet Airways struggles to remain afloat. The dominant Indian player Jet Airways has now less than 30 operational aircrafts and has lost its major market share to SpiceJet.
The SpiceJet stock has given stellar returns of almost 50 per cent since March 15 till date. Stock closed today’s trading session with gains of 8.60 per cent at Rs. 119.35 on BSE. The benchmark index BSE Sensex closed at 38906, higher by 139 points.