17-Feb-2010 11:36 AM
SpiceJet considers domestic capacity expansion; ANA upgraded by Citgroup
Analysis
SpiceJet, which currently has a 12% Indian domestic market share, stated it is considering expanding domestic capacity as it takes delivery of four new aircraft in 2010 (followed by a further three aircraft in 2011) reflecting a recovery in air travel demand. The carrier is also awaiting approval to expand internationally, with the carrier stating it expects approvals in Apr-2010 and the introduction of services in late May-2010.
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