SpiceJet is an Indian low-cost carrier founded around the same time as competitors GoAir and IndiGo. From 2010 to 2014 it was owned by the Sun Group. After the 2019 collapse of full-service carrier Jet Airways, SpiceJet has become the second-largest Indian airline after IndiGo, overtaking flag carrier Air India.
The airline was originally established as Modiluft in 1993 by Indian industrialist S.K. Modi in patnership with Lufthansa. It was short-lived and was closed 3 years later, in 1996. The company remained dormant until 2004, when it was acquired by Indian entrepreneur Ajay Singh and rechristened as SpiceJet.
2005–presentSpiceJet launched in May 2005. In 2010, Ajay Singh sold the airline to the Maran family, which owns the Sun Group, but reacquired it in 2015 to save it from a financial collapse.
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