SpiceJet sets up unit for consumer merchandise business
SpiceJet said Wednesday it has incorporated a subsidiary that will focus on consumer merchandise and goods business. The move is expected to help the carrier in diversifying its revenue streams. The wholly-owned subsidiary 'SpiceJet Merchandise Private Limited' would engage in business of various goods including readymade apparels, through various channels. The carrier noted that the business would be carried out through various channels such as "in flight sale, online platform, airport shops and retail outlets." In the three months ended March 2016, the airline posted more than 3-fold rise in net profit at INR731.9m. Aided by higher revenues and lower fuel costs, SpiceJet remained profitable for the fifth straight quarter. It had a net profit of INR225.2m in year-ago period. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-07-28/unaligned/spicejet-sets-up-unit-for-consumer-merchandise-business
https://portal.staralliance.com/cms/logo.png
SpiceJet sets up unit for consumer merchandise business
SpiceJet said Wednesday it has incorporated a subsidiary that will focus on consumer merchandise and goods business. The move is expected to help the carrier in diversifying its revenue streams. The wholly-owned subsidiary 'SpiceJet Merchandise Private Limited' would engage in business of various goods including readymade apparels, through various channels. The carrier noted that the business would be carried out through various channels such as "in flight sale, online platform, airport shops and retail outlets." In the three months ended March 2016, the airline posted more than 3-fold rise in net profit at INR731.9m. Aided by higher revenues and lower fuel costs, SpiceJet remained profitable for the fifth straight quarter. It had a net profit of INR225.2m in year-ago period. <br/>
