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Tuesday, June 13, 2017

SpiceJet Announces Setting up of an e-commerce portal ' SpiceStyle '

Diversifying into the retail segment, SpiceJet Tuesday June 13,2017  announced setting up of an e-commerce portal which is expected to rake in additional revenues worth Rs. 150 crore in the first year.
The retail venture SpiceStyle would help in driving up the airline’s ancillary revenues amid intense competition in the fast—growing domestic aviation sector.
“The new venture will further boost SpiceJet’s ancillary revenue income  which has grown from 6 per cent to around 17 per cent in the last two years,” the airline said in a release.

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