SpiceJet: This is how Ajay Singh plans to reduce costs, improve margins
SpiceJet, which has remained profitable for 12 straight quarters after being on the brink in late 2014, is charting out ambitious expansion plans, including the possibility of long-haul low-cost overseas flights. In one of the biggest transactions in domestic aviation space, SpiceJet has inked a USD 12.5 billion deal with French major Safran Group for CFM aircraft engines
SpiceJet: Under the deal, the no-frills carrier will be getting around 350 engines, including spare ones. Image source: Reuters