By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: SpiceJet Splits in Two
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Have an existing account? Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2024 | All Rights Reserved
Travel Radar - Aviation News > News > SpiceJet Splits in Two

SpiceJet Splits in Two

Josh McMinn
Last updated: 14 July 2022 11:25
By Josh McMinn 3 Min Read
Share
SpiceJet SpiceXpress
SHARE

Indian low-cost carrier SpiceJet will divide its operations in two, hiving off its cargo arm, SpiceXpress, to become an independent airline. Unlike SpiceJet, which is currently making a loss, SpiceXpress is a profitable business. The split will therefore allow SpiceXpress to secure its own capital whilst still under the ownership of SpiceJet.

SpiceXpress Splits Off

SpiceJet has finally received the necessary approval from banks and investors to separate its cargo wing from its primary operations. The plan was first announced on 17 August last year, when the airline approached the government for a No-Objection Certificate for the new carrier. Since then, the airline has been in talks with shareholders to finalise the deal, and if all goes to plan, the split should be complete by the first week of August.

SpiceXpress was launched in 2018 as a subsidiary of spicejet | Beebom
SpiceXpress was launched in 2018 | © Beebom

Launched in September 2018, SpiceXpress started by moving freight between Delhi and Bengaluru with a Boeing 737-700. In 2019, its services expanded beyond India’s borders, operating flights to Hong Kong and Southeast Asia. Today, the subsidiary has a fleet of five aircraft: two Boeing 737-800Fs and three 737-700fs, all converted freighters over 20 years old.

Implications for SpiceJet

The separation will help SpiceXpress grow quickly by allowing it to raise funds independently. SpiceJet’s Managing Director, Ajay Singh, told the Press Trust of India, “SpiceXpress will also be able to raise capital independent of SpiceJet to fund this growth. We are confident that the performance of SpiceXpress as an independent entity will leverage and unlock significant value for SpiceJet and all its shareholders.”

SpiceJet
SpiceJet has been in the press recently after safety concerns were raised by the DGCA| © Getty Images

In the past, investors may have been put off investing in SpiceJet, as its profitable logistics business was still tied to the loss-making passenger operations. SpiceJet’s passenger service is under scrutiny at the moment, following a number of technical failures during flights. The airline has suffered no fewer than eight malfunctions since 19 June, leading the Directorate General of Civil Aviation (DGCA) to begin disciplinary measures.

What are your thoughts on the SpiceJet Split? Let us know in the comments below!

You Might Also Like

Jet2.com and Jet2holidays Ranked Number One in UK Customer Survey

Norwegian to Purchase Three Boeing 737-800 Aircraft

Pegasus Airlines Launches New Bristol-Istanbul Service

Man Dies at Milan Airport After Being Sucked into a Plane’s Engine

Window vs Aisle : The Traveller’s Dilemma

Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Josh McMinn
By Josh McMinn
Follow:
Jr Reporter - Josh is an Jr. Aviation Reporter at Travel Radar covering the latest industry news, developments and passenger experiences. Outside of reporting, Josh is a talented artist and camera operator with experience spanning several industries.
Previous Article Icelandair baggage handlers schiphol Icelandair is Using its own Handlers at Schiphol
Next Article Indian airliners Western Australia Eyes Connections with India
Leave a comment
Subscribe
Login
Notify of
guest
guest
0 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

A stunning view of the serene Ha Long Bay, Vietnam, featuring green limestone islands and several boats cruising on the calm waters.
2025 summer hot spots you may overlooked, unfolded by Emirates’ analysis
Airlines Aviation Travel
Air India Plane crash
AAIB submits preliminary report on Air India AI‑171 crash
Aircraft Airlines Aviation Incidents & Accidents
Cathay Group Chief Executive Officer Ronald Lam (fifth from left), Cathay Director Chinese Mainland Arnold Cheng (fifth from right), Cathay Director Digital and IT Lawrence Fong (fourth from left), Cathay General Manager Chinese Mainland Commercial and Operations Martin Xu (fourth from right), Cathay General Manager IT Solutions Annie Ling (third from right), Cathay General Manager IT Infrastructure and Security Rajeev Nair (second from right), Cathay General Manager Digital Ventures Navin Chellaram (third from left) and Cathay General Manager Digital Aldric Chau (second from left) marked the opening of Cathay's new Shenzhen IT office with a ribbon-cutting ceremony.
Cathay opens a new IT office in Shenzhen
Airline Economics Airlines Airshow & Events Aviation
Heathrow Airport, Terminal 5 complex viewed from control tower.
Heathrow Reimagined: A Call for a Better Passenger Experience
Airline Economics Aviation Did You Know
Scanners in place already at some UK airports
Edinburgh and Birmingham Airports Lifting 100ml Liquid Limit
Airports Aviation Technology Travel
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • About Us
  • Contact Us
  • Careers
  • Press & PR
  • Privacy & Legal

Our Content

  • News
  • Data
  • Images
  • Jobs
  • Subscribe

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Click here to Signup!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
AdBlock Detected
Ads help us bring you high-quality, independent journalism for free. Support us by whitelisting us from your ad blocker.
Okay, I'll Whitelist
Welcome to the TR Community!

Sign in to your account

Register Lost your password?