Free press releases distribution network?

More news: Transportation
Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



SpiceJet Limited Receives the 2008 Emerging Company of the Year Award for Indian Commercial Aviation - Frost & Sullivan bestows its prestigious award
SpiceJet Limited Receives the 2008 Emerging Company of the Year Award for Indian Commercial Aviation

 

PRZOOM - /newswire/ - London, United Kingdom, 2008/11/13 - Frost & Sullivan bestows its prestigious award "2008 Emerging Company of the Year Award for Indian Commercial Aviation" on SpiceJet.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Transportation Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

As a low-cost carrier that commenced operations in 2005, SpiceJet has built a reputation for low fares with high customer value offering, achieving a revenue growth of 121 per cent in 2007 and capturing a sizeable market share of 10.5 per cent in 2008.

The award will be handed over formally by Frost and Sullivan to SpiceJet Limited on Thursday, November 20, 2008 in London at a special ceremony commemorating the feat.

This annual award is presented to a company that has emerged as a significant player within its industry by exhibiting outstanding management, superior market growth, exceptional customer service and the ability to combine technology and successful strategic initiatives. The winning company should also have exceptional know-how to take advantage of market changes through the execution of innovative strategies within the existing competitive landscape.

Commenting on this award, Bhulo Kansagra, Director, SpiceJet Limited said, “We are delighted to receive the “2008 Indian Commercial Aviation Emerging Company of the Year” Award. It is reflective of the consumer's faith in our services, network and our people. It is a recognition for the 2000 employees who have worked together to be efficient, cost conscious and focused on being on the top. We are proud of our achievement and we are sure that this is a beginning of a significant journey ahead.”

Today SpiceJet has around 100 flights daily covering 17 destinations – a definite increase from 2006, when SpiceJet flew to 14 destinations with 83 flights operating daily. In 2006, the fleet size of SpiceJet was 11 aircraft. At the end of 2007, the airline added seven more aircraft to its fleet, with a further order for 13 aircraft from Boeing scheduled for delivery over 2008 -2011. The number of passengers who flew with SpiceJet in 2006 was 2.21 million, rising to 3.7 million in 2007.

“This was accomplished through an expansion in fleet numbers, destinations served and a considerable increase in the number of daily flights,” explains John Siddharth, Research Analyst, Frost & Sullivan. “The company's strategy of increasing the frequency of flights to existing stations has enabled it to enhance efficiency without compromising on quality.”

SpiceJet has a unique marketing strategy that focuses on word-of-mouth marketing, supported by print and Internet media initiatives. To build further on its branding value, SpiceJet has introduced on–board merchandise sales such as goggles, airplane models, perfumes, caps and watches. Sales of branded merchandise will also be available through the company's website.

Innovative pricing has also been central to the company's success. SpiceJet started off its services with a revolutionary pricing of Rs. 99 for the first 99 days. This was followed by air tickets priced at Rs. 500 and Rs. 999 – a pricing strategy that continues. As a result, the airline's prices compete with first-class Indian railway fares.

“SpiceJet's focus on technology innovation ranges from the choice of the aircraft to the winglet design,” remarks Siddharth. “Boeing 737-800 and 737-900 are the preferred aircraft models for reasons of operational efficiency and fuel economy, with the latter introduced last year to carry more loads in busy, slot-constrained airports, such as Mumbai, to better utilise existing slots.”

SpiceJet has also focused on the curved winglet design which reduces noise and improves fuel economy by 2-3 per cent. The company has also expanded inner aircraft room by reducing unnecessary storage areas and allotting them to passenger seats.

“A disciplined crew, well-trained ground personnel and courteous check-in staff make SpiceJet the preferred low-cost airline,” states Siddharth. “While there is stiff competition in the low-cost carrier market in India, the competitive edge for SpiceJet lies in the quality of service offered during the flight. This has resulted in 42% repeat flyers, 45% of business travel and over 90% of passengers recommending the airline through word of mouth.”

Research Methodology: To select the Award recipient, analysts quantify several market factors for each market participant according to predetermined criteria, paying close attention to their combined operations efforts. This includes interviews with market participants, customers, and suppliers, along with extensive secondary & technology research. The companies' efforts are then analysed, basis the number of new customers, new segments, and commitment to business expansion coupled with market growth.

In addition to the above, there are specific criteria used to determine final competitor rankings in this industry. The recipient of this Award has excelled based on one or more of the following criteria:

• Proof of success executing a restructuring strategy;
• New market penetration (geographic, product, etc.);
• Marketing, promotion, and visibility of the company;
• Degree of strategy innovation;
• Technological innovation and leadership;
• Increased name recognition;
• Revenue and market share growth.

Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About SpiceJet
SpiceJet (spicejet.comis India's 'best low cost airline' *, delivering the lowest air fares with the highest consumer value. We operate 98 flights daily to 17 cities viz. Ahmadabad, Bangalore, Bagdogra, Chennai, Coimbatore, Delhi, Guwahati, Goa, Hyderabad, Jammu, Jaipur, Kolkata, Mumbai, Pune, Srinagar, Varanasi and Visakhapatnam. Our on-time performance is amongst the best in India, at 82%, coupled with a Technical Dispatch Reliability of 99.6% making us an airline with least cancellations. SpiceJet's new generation fleet of 15 Boeing 737-800 / 737-900ER aircraft are backed by cutting edge technology and infrastructure to ensure the highest standards in safety and operating efficiency.

• SpiceJet is among the Top Ten Best Budget Airlines in Asia as recognized by Smart Travel Asia magazine (Sept 2008) Hong Kong
• SpiceJet voted the Best Low Cost Airline by a reader's survey conducted nationally by India's leading travel magazine Outlook Traveler. (Feb 2008), India
• • SpiceJet was recognized as Best Low Cost Airline by TAFI (Travel Agents Federation of India)-Abacus, awarded at Kota Kinabalu, (Sept 2007), Malaysia.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership™ empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

SpiceJet Limited
Ms Deepa Dey
DDI: +91 124 391 3915
E: deepa.dey[.]spicejet.com.

Or
Mr Praveen Gujjari
T: +91 9971426555
E: praveen[.]hanmermsl.com.

Ms Richa Gupta
T: +91 9810785298
E: richa[.]hanmermsl.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Transportation Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Transportation articles,
CATCH Visitors via Your Competitors Announcements!


SpiceJet Limited Receives the 2008 Emerging Company of the Year Award for Indian Commercial Aviation

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Frost & Sullivan |
Contact: Ms Catherine Brassell 
+44 207 915 7867 catherine.brassell[.]frost.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Transportation via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Frost & Sullivan / Company Profile


Read Transportation Most Recent Related Press Releases:

Alstom Starts Delivery of 30 Regional Trains to Skånetrafiken
San Francisco Municipal Transportation Agency Exercises Options for 167 New Flyer Xcelsior® Buses
Alstom Obtains EBA Certification for its Concrete Slab Track Solution for Main Lines
Transformational Shifts in Vehicle Automation and Digitalization to Shape the Future of the Rail Market Finds Frost & Sullivan
Transdev Awards New Flyer a Contract for up to 47 Xcelsior® Buses
MERMEC Joins Transpod, Inc. in Hyperloop System Development
Adelaide Airport Chooses SITA Smart Technology for the Future
Thales Enters into Exclusive Negotiations to Sell its Revenue Collection Solutions and Road Tolling and Car Park Management Systems Business
Alstom to Supply Traction and Train Control Monitoring Systems for the Phase 2 of Shanghai Metro Line 10
Philippines Gateway Airport Takes First Steps to 'Fast Travel' with SITA Tech

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today