SG, IATA code for SpiceJet since 2005

SpiceJet is an Indian low-cost airline owned by the Sun Group of India. It is the fourth largest airline in India after IndiGo, Jet Airways and Air India. It has its registered office in Chennai, Tamil Nadu, and a corporate office in Gurgaon, Haryana. It began service in May 2005, and by December 2013, it had a market share of 19.1% in the Indian domestic market.

The origins of SpiceJet track back to February 1993 when ModiLuft, one of India’s first post-deregulation airlines that was launched by the Indian industrialist S K Modi, in technical partnership with the German flag carrier Lufthansa. The airline project was started in February 1993 by S. K. Modi, Ashutosh Dayal Sharma and Kanwar K. S. Jamwal and on 5 May 1993 took the first flight from New Delhi to Mumbai. The airline actually started operations within three months of its conception – a record of kinds in itself. It maintained very high standards in flight safety, ground maintenance, and on-time performance, owing to a strong support from Lufthansa AG. Modiluft was perhaps the only Airline to achieve an average aircraft utilisation of a minimum 12 hours per day in Indian Skies.

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