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Indian entrepreneur Ajay Singh acquired ModiLuft in 2004 and re-christened it as SpiceJet. The airline operates a fleet of Boeing 737 and Bombardier Dash aircraft. It is a low-cost airline that has its headquarters located in Gurugram, India. It has a market share of 13.2% as of March 2017 making it the third largest airline in the country by number of domestic passengers carried. The airline operates over 300 daily flights to 45 Indian destinations from its hubs at Delhi, Kolkata and Hyderabad. On May 18, 2005 SpiceJet opened bookings and operated their first flight on May 24, 2005 between Delhi and Mumbai. Indian media baron Kalanidhi Maran acquired 37.7% stake in SpiceJet in June 2010 through Sun Group. The airline ordered 30 Boeing 737-8 aircraft worth US$2.7 billion July 2010 and 15 Bombardier Q4 Dash short-haul aircraft worth US$446 million in December of the same year. In 2012, Kalanidhi Maran increased his stake in the airline by investing ₹1 billion (US$16 million) in…

Austrian Airlines was found through the merger of Air Austria and Austrian Airways. With the passing time, the airline has managed to dominate the skies over Central and Eastern Europe. Austrian Airlines acquired Tyrolean Airways in March 1998 and took over Lauda Air, an airline based in Vienna that plied long haul flights, in 2000. Thus, the three airlines formed a group named as 'Austrian Airlines Group'. In the same year, Austrian Airlines became a member of the Star Alliance, the world's first and largest airline alliance. The airline was established on September 30, 1957, with its headquarters in Austria and main hub at Vienna International Airport, in Wien-Umgebung. Its first flight took off from Vienna on March 18, 1958, when the Vickers Viscount 779 flew to London, via Zurich. Austrian Airlines began its domestic services on May 1, 1963 and kick-started its transatlantic services on April 1, 1969, when it flew from Vienna to New York in co-operation with Sabena. The airline…