Budget carrier SpiceJet on Tuesday put one lakh seats up for grabs on both its domestic and international routes as it rolled out another discount sale offer with tickets priced as low as Rs 1,699 for travel within the country.
The latest offer -- of all-inclusive fares as low as Rs 1,699 for flights across its domestic network and Rs 3,799 for international routes with a three-day booking window -- comes a day after SpiceJet's ownership went back to its original promoter, Ajay Singh.
Bookings under this latest offer, 'Colour the Skies', are now open for a travel period between March 1 to April 20 and will close at midnight on February 26, the airline said in a release.
This is the fifth low fare scheme this year from SpiceJet with the first of these having been unveiled on January 28. "The 'Colour the Skies' sale gives our customers the chance to make almost immediate travel plans on Holi. We have extended 1,00,000 seats on offer at unbeatable fares.
Our low fares have made it possible for many customers to travel more often and have also attracted many first-time flyers," said Chief Commercial Officer, SpiceJet, Kaneswaran Avili.
Under the offer, tickets on routes like Hyderabad- Vijayawada, Delhi-Dehradun, Guwahati-Kolkata, Ahmedabad -Mumbai, and Bangalore-Hyderabad are priced at an all- inclusive Rs 1,699, the airline said. Similarly, the fares for the international flights start at as low as Rs 3,799 (all inclusive) for Delhi to Kathmandu, with discounted fares available on most other international routes too, SpiceJet said.
Meanwhile, the airline also announced that the entire 56.4 percent shareholding of Kalanithi Maran and Kal Airways Pvt Ltd (the existing promoters), has been transferred to Singh.
"Pursuant to the share sale and purchase agreement dated January 29, 2015, between the company, Kalanithi Maran, Kal Airways Pvt Ltd and Ajay Singh, the entire shareholding of Kalanithi Maran and Kal Airways Pvt Ltd aggregating to 350,428,758 equity shares (58.46 percent) has been transferred to Ajay Singh on February 23, 2015," the company said in a BSE filing. Consequently, Singh has become the promoter of the company in place of Maran and Kal Airways Pvt Ltd, it said.
Singh had exited the carrier around four years back. In late January, the SpiceJet board had approved transfer to Singh of the entire 58.46 per cent stake held by Maran's family.
SpiceJet stock price
On February 24, 2015, SpiceJet closed at Rs 24.15, up Rs 0.15, or 0.63 percent. The 52-week high of the share was Rs 24.75 and the 52-week low was Rs 11.10.
The latest book value of the company is Rs -16.49 per share. At current value, the price-to-book value of the company was -1.46.
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