SpiceJet up on planning to start international operations

SpiceJet is currently trading at Rs 20.35 per share, up 0.90 points or 4.63% on the BSE.

The stock opened at Rs 20.45 against its previous day close of Rs 19.45 per share. Intraday, the counter touched a high and a low of Rs 20.50 per share and Rs 19.75 per share, respectively.

So far, 10,51,388 shares of the company have been traded on the BSE.

The group ‘B’ BSE 500 has touched its 52-week high of Rs 35.90per share on July 10, 2008 and a 52-week low of Rs 9 per share on October 27, 2008.

The stock has gained by  0.25% since the past one week and declined by 16.60 % in the last one month.

Private air carrier SpiceJet plans to launch international operations by May 2010. The company is currently studying various aspects revolving its plan to go international

As per the regulations, an airline needs to fulfil certain requirement such as completing five years of domestic operations and operate 20 or more domestic flights in order to start international operations. Currently SpiceJet runs over 125 domestic flights across 18 cities daily and it will accomplish its eligibility criteria of completing five years of domestic operations on May 23, 2010.

The company also intends to widen its operations in Tier-II and Tier-III destinations as it sees a huge potential. SpiceJet is on the lookout for smaller aircraft that has passenger capacity to carry 60-70 people.