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Inaugural Chennai-Madurai flight lands at
Madurai

Madurai: The inaugural flight
of the Chennai-Madurai Spicejet landed in
Madurai on Monday with about 150 passengers
onboard. The first flight of the low-cost
airliner, promoted by Sun TV Network promoter
Kalanithi Maran, was accorded a water gun salute
at the airport in Madurai. The city has become
the 20th destination of the carrier in India. On
expansion of Spicejet, Samyukth Sridharan, chief
commerical officer said 'Currently our
fleet size is 22 aircraft. We will be increasing
the fleet size with a mix of sale and lease back
as well as going in for pure lease. These apart,
the company has placed an order for 30 aircraft
with Boeing and their deliveries will start
happening.' Sridharan said the company may take
two aircraft on its books at a later stage but
primarily the expansion will be by leasing.
Asked about the new destinations, He said the
airline would launch two international flights
next month. These would be to Kathmandu from New
Delhi Oct 7 and to Colombo from Chennai Oct 9.
He said the international routes may contribute
around 10 percent to the company's topline. 'The
demographic profile in destinations are similar
to ours. As such there will be no additional
costs involved. The operations will be on a hub
and spoke model. Our Colombo flight will leave
after our other flights to Chennai land,' added
Sridharan. He said the company will first fly to
SAARC countries and then look at other
destinations.
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We have rights to fly to Dhaka
and Male. That will happen over a period of
time. On the domestic route, except to two major
cities - Thiruvananthapuram and Nagpur-, we fly
to all the other 15 major Indian cities. We will
connect the remaining two cities,' Sridharan
said. He said the company has become networth
positive and debt free and hopes to close this
fiscal with a turnover of Rs.2,800 crore. The
airline reported a profit after tax of Rs 55.22
crore for the quarter ended June, 2010, compared
with a profit of Rs 26.34 crore for the same
quarter the previous year. SpiceJet, which
carried 65 lakh passengers during calendar 2009,
is planning to increase it to 85 lakh.