The comeback kid of the airline industry, India’s SpiceJet soars high with eight consecutive profitable quarters and solid credibility with partners and the traveling public alike.

India’s fourth largest airline with a 13% market share, SpiceJet traces its corporate origins to an air taxi service established in 1984. Since that time, SpiceJet in its different iterations has established a formidable reputation as a prize fighter. The company manages to obtain a 93% load factor with only one in a thousand flights suffering a cancellation.

SpiceJet was an early adaptor of the online marketing model, using multiple channels to reach travellers. The airline has implemented a regional connectivity scheme and works with governments to improve the country’s airport infrastructure. Though India boasts around 400 airports, only 75 are in regular use. The airline is poised for rapid expansion after it signed a megadeal with Boeing for up to two hundred 737 MAX 8 aircraft.

With a buoyant economy offering plenty room for growth, SpiceJet expects to reach around thirty million travellers about to enter the jet age. To ensure optimum performance and maximise exposure to the industry’s upside, SpiceJet has implemented a corporate governance framework modelled on global best practices.

The CFI.co judging panel agrees that SpiceJet is uniquely positioned for maximum exposure to the upside of India’s airline industry. In recognition of the company’s achievements, the judges are pleased to offer SpiceJet the 2017 Best Corporate Governance India Award.

marten

Recent Posts

Alpha Bank: Most Innovative Family Banking Services Greece 2025

Alpha Bank has established itself as a leading force in the Greek banking sector, recognised…

7 days ago

Schafer Cullen Capital Management: Innovators in Long-Term Value Equity Strategies USA 2025

Schafer Cullen Capital Management has built a reputation for disciplined, long-term value investing, backed by…

7 days ago

JP Morgan Chase: Most Innovative Investment Banking Services USA 2025

JP Morgan Chase stands at the forefront of the global financial industry, consistently redefining the…

7 days ago

Dubai World Trade Centre: Champion of Global Business and Trade Ecosystems EMEA 2025

For over four decades, Dubai World Trade Centre (DWTC) has been a cornerstone of Dubai’s…

2 months ago

Krungthai Bank PCL: Best Social Impact Bank Thailand 2025

Krungthai Bank PCL plays a pivotal role in driving sustainable economic and social development in…

3 months ago

Région Île-de-France: Best Green Bond Thought Leadership Team Global 2025 & Best in Class Bond Issuer Global 2025

Région Île-de-France demonstrates a steadfast commitment to sustainable finance, playing a pioneering and influential role…

3 months ago