PROPOSAL

By Evolve Stride & Co.

Team:
Medhansh Bairaria(SM22UBBA047)
Nikhil Sai Kasireddy(SM22UBBA048)
Pranjal Agarwal(SM22UBBA049)
Abhinav Ganti(SM22UBBA002)
Sakshi Chandra(SM23LBBA003)
Thakur Riya Singh(SM22UBBD123)
Surbhi (SM22UBBD117)
Sai Nethra(SM22UBBD097)

1
Section Page No.

1. Executive Summary 4

2. Background 5

2.1 Client Vision 5

2.2 Our Understanding of the Problem 5-6

2.2.1 How can we help? 7

2.3 About Us 7

2.3.1 Why Choose Us? 7

3. Project Scope 8

3.1 Scope of the Work 8

3.2 Phases of the Scope 9

3.3 Project Activities 10-11

3.4 Key Benefits 12

3.5 Critical Success Factors 12

3.6 Analysis Deliverable Point 12

4. Solution Development 13

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4.1 Our Winning Team 13

4.2 Deliverables 14

4.3 Risk Mitigation Plan 15-17

4.4 Contract and Agreement 18

5. Timeline And Budget 18

5.1 Project Approach 18

5.2 Schedules 18

5.3 Budget 19

A. Appendix 20

A.1 Detailed Project Approach 20-21

A.2 Detailed Budget Analysis 22

A.3 Detailed Timeline Breakdown 23-24

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1. Executive Summary:

SpiceJet, a prominent player in India's aviation sector, is at a critical juncture, facing substantial
financial losses, operational challenges, and regulatory scrutiny. With a staggering net loss of
₹1503 crore and a mounting debt of ₹7349 crore in 2023, compounded by operational
inefficiencies and safety concerns, SpiceJet's long-term viability is at stake. Furthermore, a
dramatic decline in passenger count and market share loss highlight the urgency for a
comprehensive turnaround strategy to restore financial stability and operational excellence.

Our proposed solution entails a meticulous analysis of SpiceJet's financial health, operational
efficiency, safety protocols, and customer satisfaction benchmarks. Through rigorous
examination and strategic planning, we aim to identify key areas for improvement and formulate
actionable recommendations to address SpiceJet's challenges effectively. By prioritizing
efficiency, innovation, and stakeholder engagement, we believe SpiceJet can emerge stronger and
more competitive in the dynamic aviation industry.

At Evolve Stride & Co., we bring a wealth of expertise in aviation consultancy, with a proven
track record of driving transformative change and delivering tangible results for our clients. With
a multi-disciplinary team of experts and a client-centric approach, we are committed to
partnering with SpiceJet to navigate its challenges and unlock new opportunities for sustainable
growth and success.

Our project approach unfolds over an 11-week period, encompassing four key phases: Discovery,
Analysis, Recommendations, and Transition. Each phase is strategically designed to gather
insights, analyze data, develop actionable strategies, and facilitate a smooth transition towards
implementation.

With a structured plan and clear deliverables, we are poised to support SpiceJet on its journey
towards operational excellence and long-term success in the competitive aviation landscape.

As we embark on this transformative journey together, we are confident that our strategic
partnership will yield meaningful results, positioning SpiceJet as a leader in India's aviation
industry and fostering sustained growth and prosperity.

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2.Background:

2.1 Client Vision:

SpiceJet Limited has a vision for total customer satisfaction and enhancing stakeholders' value.
SpiceJet's mission is to become India's preferred airline with the highest consumer value through
honest and ethical conduct of the business.

2.2 Our Understanding of the Problem:

SpiceJet, a prominent player in India's aviation sector, faces a critical juncture marked by
substantial financial losses and operational deficiencies. With a staggering net loss of ₹1503
crore and a mounting debt of ₹7349 crore in 20231( Annual report 2022-23. (n.d.)), the airline's
financial stability is severely compromised, exacerbated by volatile fuel prices that account for a
significant portion of operating expenses. Operational inefficiencies further compound the
situation, with SpiceJet recording the lowest on-time departure rate among Indian airlines,
standing at a mere 61%2 (Saxena, 2023).

Furthermore, SpiceJet has experienced a dramatic decline in passenger count, plummeting from
around 24 million passengers in FY20 to just 9 million passengers in FY223(SpiceJet: Passenger
Traffic 2022, 2023). This decline has also translated into a loss of market share, with SpiceJet
losing approximately 30% of its share price value over the past 5 years4. Moreover, safety
incidents and regulatory scrutiny have tarnished SpiceJet's reputation, evident in its modest
customer satisfaction ratings compared to industry peers. The airline's safety protocols have
come under question, prompting regulatory interventions and a reduction in safety margins, with
8 major incidents occurring in just 18 days in 2022.5(Sharma, R. (2022, July 7))

1
Annual report 2022-23. (n.d.). https://corporate.spicejet.com/Content/pdf/AnnualReport_SpiceJet_202223.pdf
2
Saxena, R. (2023, July 4). SpiceJet is the most delayed Indian airline as summer rush hits. The Economic Times.
Retrieved March 2, 2024, from
:https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/spicejet-is-the-most-delayed-indian
-airline-as-summer-rush-hits/articleshow/101471744.cms?from=mdr
3
SpiceJet: passenger traffic 2022. (2023, February 13). Statista. Retrieved March 14, 2024, from
https://www.statista.com/statistics/1043477/india-spicejet-passenger-traffic/
4
https://www.google.com/search?q=spicejet+shares&oq=spicejet+shares&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTI
GCAEQRRg8MgYIAhAuGEDSAQgzMDc0ajBqMagCALACAA&sourceid=chrome&ie=UTF-8
5
Sharma, R. (2022, July 7). DGCA issues show cause notice to SpiceJet over the unusually high number of air
incidents and 'degraded safety margins'. Frontline. Retrieved March 2, 2024, from
https://frontline.thehindu.com/dispatches/dgca-issues-show-cause-notice-to-spicejet-over-the-unusually-high-numbe
r-of-air-incidents-and-degraded-safety-margins/article65610697.ece

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Additionally, SpiceJet holds a modest 3-star rating for customer satisfaction on Skytrax, a
prominent airline rating agency, with a customer satisfaction rating of 4 out of 106, further
exacerbating its reputational damage. This challenging scenario underscores the urgent need for a
comprehensive turnaround strategy that addresses both financial woes and operational
inefficiencies to ensure SpiceJet's long-term viability and success in the fiercely competitive
aviation industry.

6
SpiceJet is certified as a 3-Star Low-Cost Airline. (n.d.). Skytrax. Retrieved March 2, 2024, from
https://skytraxratings.com/airlines/spicejet-rating

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2.2.1 How can we help?

1. Enhance operational effectiveness within SpiceJet to better support its core functions,
including flight operations and customer service, while concurrently minimizing
expenses.
2. This initiative aims to optimize the airline's financial stability by redirecting cost savings
back into its operational and service-oriented activities, fostering a culture of operational
excellence that ensures sustained efficiency gains.

2.3. About Us
At Evolve Stride & Co., we are passionate about fostering growth and driving success through
strategic partnerships and forward-thinking solutions. With a firm commitment to innovation and
excellence, we empower businesses to navigate the complexities of today's dynamic market
landscape and seize opportunities for sustainable growth. Our team of seasoned consultants
brings a wealth of expertise across diverse industries, enabling us to deliver tailored strategies
that maximize potential and propel organizations towards their goals.

From insightful analysis to actionable recommendations, we work closely with our clients at
every step of their journey, ensuring their success and evolution in an ever-changing world. At
Evolve Stride Partners, we believe in the power of collaboration and partnership to drive
meaningful change and achieve transformative results. Join us on a journey of transformation
and achievement, where together, we can unlock new possibilities and realize the full potential of
your business.

2.3.1. Why Choose Us?

2.3.1.1. Proven Industry Expertise: With over a decade of experience collaborating with
leading airline companies in India and Asia, our team has facilitated transformative changes and

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driven significant growth in the aviation sector. Our past projects have resulted in cost savings of
up to 20% and revenue increases of over 30%.

2.3.1.2. Multi-disciplinary Team of Experts: Our diverse team of financial and operations
specialists boasts a combined experience of over 50 years in the aviation industry. Leveraging
this wealth of expertise, we have successfully resolved complex business cases, resulting in
improved operational efficiency and profitability for our clients.

2.3.1.3. Client-Centric Approach:At Evolve Stride & Co., we prioritize the needs and
objectives of our clients above all else. Through personalized consultations and tailored
solutions, we have helped our clients achieve measurable outcomes, including a 25% reduction
in turnaround times and a 15% improvement in customer satisfaction ratings.

2.3.1.4. Innovative Solutions: Innovation is at the core of everything we do. By harnessing the
latest technologies and methodologies, we have introduced groundbreaking solutions that have
revolutionized the aviation industry. Our innovative approach has led to a 40% increase in
market share for our clients and positioned them as industry leaders in their respective markets.

3.Project Scope

3.1.Scope of the Work:

3.1.1. In-Scope:

1. Financial Health Analysis:

a. In-depth analysis of SpiceJet's financial statements, including income statements,
balance sheets, and cash flow.
b. Evaluation of debt structure, liquidity, and overall financial stability.
c. Profitability and Cost Structure:
1. Assessing profit margins, return on investment, and key drivers of
profitability.
2. Detailed examination of operating and non-operating expenses for
cost reduction opportunities.
2. Operational Efficiency Assessment:
i. Examination of operational data (flight delays, cancellations, maintenance
records).
ii. Identification of bottlenecks and inefficiencies.
iii. Capacity Utilization and Supply Chain:
1. Analyzing aircraft and infrastructure utilization for operational
efficiency.

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 2. Evaluating supply chain efficiency, including procurement and
inventory management.
3. Safety and Compliance Review:
4. Comprehensive review of safety protocols and regulatory
compliance.
3. Market Benchmarking:
i. Comparative analysis with successful low-cost carriers.
ii. Identification of industry best practices:
1. Market Share, Route Network, and Fleet Performance:
2. Evaluating market share compared to competitors.
3. Analyzing the efficiency and profitability of the route network.
4. Benchmarking fleet performance metrics against industry
standards

3.1.2. Out of Scope:

1. Regulatory Compliance: The impact of new DGCA regulations on SpiceJet's

operations.
2. Aviation Fuel Price Fluctuations: Changes in jet fuel prices driven by fluctuating crude
oil prices.
3. Aircraft Spare Parts: The procurement and management of spare parts for SpiceJet's
aircraft fleet.
4. Market Demand: Varied market dynamics affecting SpiceJet's business at different
times.
5. Geopolitical Factors: Influences from geopolitical events such as airspace closures or
conflicts, such as the recent situation involving the closure of Pakistani and Russian
airspaces due to geopolitical tensions.
6. Route Hindrances: Challenges specific to certain flight routes, which may arise from
factors like weather conditions or other obstacles

3.2.Phases of the Scope:

3.2.1. Phase 1:Discovery: Gathering and understanding all relevant data and information related
to SpiceJet's financial and operational challenges.

3.2.2. Phase 2:Analysis:Thorough examination and interpretation of the collected data to identify
key insights and areas for improvement.
3.2.3. Phase 3:Recommendations:Developing actionable strategies and solutions based on the
analysis to address SpiceJet's challenges effectively.

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3.2.4. Phase 4:Transition: Implementing and transitioning the recommended strategies into
SpiceJet's operations, ensuring a smooth and successful execution process.

3.3 Project Activities:

3.3.1. Phase 1: Discovery

1. Financial Data Gathering:Exploring SpiceJet's financial statements to extract insights
into revenue, expenses, and overall financial well-being. This exploration lays the
foundational groundwork for subsequent evaluations in alignment with the identified
problem statement.

2. Debt Structure Exploration:The primary emphasis lies in gathering relevant data

associated with the specified problem statement. This involves acquiring comprehensive
data that delves deeply into the intricacies of the debt structure, forming the foundational
groundwork. The overarching goal is to amass information that will serve as the basis for
delivering strategic recommendations aimed at bolstering financial stability.

3. Profitability Metrics Exploration:Conducting an exploration of profitability metrics,

including aspects like profit margins and return on investment, aligning with the specified
problem statement. The intent is to systematically collect and present data that directly
addresses the challenges at hand, offering insights into pivotal drivers and formulating
strategic recommendations to enhance overall profitability.

4. Operating and Non-Operating Expenses: The primary objective is to systematically

collect data aimed at pinpointing opportunities for implementing cost-saving measures
and enhancing operational efficiency, directly addressing the challenges outlined in the
expense-related aspects

3.3.2. Phase 2: Analysis

1. Operational Efficiency Analysis:
1.1. Analyze operational data, focusing on flight delays, cancellations, and
maintenance records.
1.2. Identify bottlenecks and propose areas for improving operational efficiency.

2. Aircraft and Infrastructure Utilization Assessment:

2.1. Assess the utilization of aircraft and infrastructure using Annual Report 2022-23
data.
3. Supply Chain Efficiency:

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 3.1. Evaluate the efficiency of SpiceJet's supply chain, including procurement and
inventory management processes.

4. Safety and Compliance Assessment:

4.1. Conduct a thorough review of safety protocols and regulatory compliance based
on Annual Report 2022-23.

5. Comprehensive Financial Health Assessment:

5.1. Analyze SpiceJet's financial statements like Balance sheet, Profit and Loss
statements to extract insights into revenue, expenses, and overall financial well
being
5.2. Highlight critical metrics and trends.

3.3.3. Phase 3: Recommendations

1. Documented Strategic Recommendations with Business Case:

1. Refine and develop actionable options addressing financial and operational challenges.
2. Create high-level business cases, considering end-state vision, rationale for change, cost
impact, and risk assessment.

2. Quick Wins Identification Document:

1. Identify immediate, high-impact opportunities for expedited implementation.

3.3.4. Phase 4: Transition

1. Stakeholder Feedback and Revised Business Cases:

1.1. Solicit input from key stakeholders, incorporating feedback into revised business
cases.

2. Course of Action Development:

2.1. Develop a course of action and next steps for the implementation phase.

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3.4 Key Benefits:

1. Improved Financial Stability: Enhanced decision-making and long-term sustainability

through detailed financial analysis.
2. Enhanced Operational Efficiency: Optimized operations leading to improved on-time
performance and cost savings.
3. Competitive Advantage: Identification of areas for improvement, gaining a competitive
edge.
4. Enhanced Safety and Reliability: Addressing safety concerns, enhancing reputation,
and increasing customer satisfaction.

3.5 Critical Success Factors:

1. Stakeholder Engagement and Alignment: Active and meaningful engagement with key
stakeholders, including management, staff, and customers, is imperative. Ensuring
alignment between proposed solutions and stakeholder expectations fosters a
collaborative and supportive environment crucial for implementation success.

2. Strategic Execution Precision: The meticulous execution of recommended solutions

within defined timelines is paramount. Precise project management, efficient resource
allocation, and a focus on key milestones contribute to the seamless implementation of
the proposed strategies.

3. Adaptive Management and Flexibility: A dynamic approach, characterized by

continuous monitoring and a readiness to adapt strategies based on evolving
circumstances, is essential. Anticipating and addressing unforeseen challenges
proactively ensures the resilience and adaptability of the implemented solutions, aligning
the project with the ever-changing aviation landscape

3.6 Analysis Deliverable Point:

Each phase's deliverable will not only present insights but also provide a roadmap of actionable
solutions derived from the analysis. This approach ensures that the analysis directly contributes
to the development of targeted solutions for SpiceJet's challenges.

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4. Solution Development

4.1 Our Winning Team:

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4.2 Deliverables:

​ 4.2.1.Operational Efficiency Analysis Report: This report will delve into SpiceJet's
operational data, including flight delays, cancellations, maintenance records, and other
pertinent factors. It will identify key bottlenecks and inefficiencies within operations and
propose actionable recommendations to enhance operational efficiency.
​
​ 4.2.2 Financial Health Assessment and Strategic Recommendations: This deliverable
will entail a thorough examination of SpiceJet's financial statements, including balance
sheets and profit and loss statements. It will highlight critical financial metrics and trends,
providing insights into revenue, expenses, and overall financial well-being. Additionally,
strategic recommendations will be outlined to promote financial sustainability and
mitigate any identified financial risks.
​
​ 4.2.3. Quick Wins Identification Document: This document will pinpoint immediate,
high-impact opportunities for implementation. Focused on addressing specific
operational inefficiencies and financial challenges, these quick wins will offer actionable
solutions to deliver tangible results in the short term, thereby jumpstarting SpiceJet's
journey towards improvement.
​
​ 4.2.4. Comprehensive Strategic Recommendations and Business Case: This
deliverable will encompass refined and comprehensive strategic recommendations

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 addressing both operational and financial challenges. It will include a detailed business
case, outlining the rationale for change, cost implications, and risk assessment associated
with each recommendation. These recommendations will provide a clear roadmap for
driving operational efficiency and ensuring long-term financial sustainability for
SpiceJet.

By focusing on these four deliverables, we ensure a structured approach to addressing SpiceJet's

challenges, with each deliverable offering specific insights and actionable recommendations
tailored to improve operational efficiency and ensure financial stability.

4.3 Risk Mitigation Plan:

4.3.1.Risk Description

Risk Level Description

Risk of incomplete or unreliable financial data from

Inaccurate Financial
High SpiceJet, potentially leading to flawed analysis and
Data
misguided strategic decisions.

Risk of volatile market conditions, such as fuel price

fluctuations or economic downturns, affecting
Market Instability High SpiceJet's financial stability and operational decisions,
thus impacting the accuracy of strategic
recommendations.

Risk of project objectives expanding beyond the

Scope Expansion Moderate defined scope due to additional requests from SpiceJet,
leading to increased workload and potential delays.

Risk of key stakeholders within SpiceJet, such as

Stakeholder
Moderate senior management or department heads, resisting
Resistance
project initiatives, hindering progress.

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 Risk of changes in aviation regulations impacting
Regulatory
Moderate SpiceJet's operations during the project, necessitating
Compliance Changes
adjustments to analysis and recommendations.

Risk of inadequate allocation of resources by SpiceJet,

Insufficient Resource
Moderate including manpower and budget, causing delays or
Allocation
compromising the quality of deliverables.

Risk of biases in data interpretation or analysis

techniques by the consulting team, influenced by
Analysis Biases Moderate preconceived notions or preferences, potentially
impacting the validity and reliability of project
insights.

Risk of ineffective communication between the

Communication consulting team and SpiceJet's internal stakeholders,
Low
Breakdown leading to misunderstandings or incomplete
information sharing.

4.3.2.Risk Mitigation Strategies:

4.3.2.1. Inaccurate Financial Data:

- Mitigation: Implement robust data validation procedures and cross-checking mechanisms to
ensure the accuracy and completeness of financial data. Regularly reconcile financial records
with external sources and conduct thorough audits.

4.3.2.2. Market Instability:

- Mitigation: Stay abreast of market trends and factors affecting the aviation industry. Develop
contingency plans to mitigate the impact of market fluctuations, such as hedging against fuel
price volatility or diversifying revenue streams.

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4.3.2.3. Scope Expansion:
- Mitigation: Maintain clear and documented project scope boundaries. Establish change
control processes to evaluate and approve any proposed scope changes. Prioritize project
objectives and align additional requests with strategic goals.

4.3.2.4. Stakeholder Resistance:

- Mitigation: Proactively engage stakeholders throughout the project lifecycle. Communicate
the benefits and rationale behind project initiatives to gain buy-in and address concerns. Foster a
collaborative environment to encourage participation and support.

4.3.2.5. Regulatory Compliance Changes:

- Mitigation: Monitor regulatory developments and maintain open channels of communication
with regulatory bodies. Conduct regular compliance assessments to identify any potential impact
on project deliverables. Develop adaptable strategies to accommodate regulatory changes
efficiently.

4.3.2.6. Insufficient Resource Allocation:

- Mitigation: Conduct thorough resource planning and allocation based on project
requirements and timelines. Regularly review resource utilization and adjust allocations as
needed. Advocate for additional resources if necessary to ensure project success.

4.3.2.7. Analysis Biases:

- Mitigation: Implement peer review processes to validate analysis methodologies and
findings. Encourage diversity of thought within the consulting team to minimize biases. Use
data-driven approaches and rely on empirical evidence to support conclusions.

4.3.2.8. Communication Breakdown:

- Mitigation: Establish clear communication protocols and channels for exchanging
information. Schedule regular meetings and checkpoints to review progress and address any
issues promptly. Foster an open and transparent communication culture to facilitate collaboration
and problem-solving.

4.4 Contract and Agreement

Evolve Stride & Co. is excited to announce a strategic collaboration with SpiceJet, a prominent
player in India's aviation industry, aimed at addressing critical operational challenges and
fostering sustainable growth. This 11-week consultancy agreement signifies our commitment to
providing tailored solutions to enhance SpiceJet's financial stability, operational efficiency, and
market competitiveness. Through comprehensive analyses of financial metrics, operational
processes, and regulatory compliance, our team will identify key areas for improvement and

17
develop actionable recommendations aligned with SpiceJet's strategic objectives. With a total
cost of $1,863,121.00 covering consultancy fees, travel expenses, and other associated costs,
Evolve Stride & Co. is dedicated to delivering measurable results and driving transformative
change for SpiceJet. We look forward to a collaborative partnership focused on achieving
operational excellence and long-term success in the dynamic aviation landscape.

5.Timeline And Budget

5.1 Project Approach

5.1.1 Guiding Principles for Strategy Development:

5.1.1.1. Proposed strategies must align with SpiceJet's aviation standards, ethical principles, and
dedication to delivering high-quality air travel services, consistent with its commitment to public
service goals.

5.1.1.2. Actively seeking and considering input from the SpiceJet community, including
employees, and passengers, underscores a collaborative decision-making approach.

5.1.1.3. The evaluation of costs will be rooted in the value they contribute to the airline, ensuring
that investments lead to substantial returns.

5.1.1.4. Prioritizing options that comply with the regulatory, statutory, and policy frameworks
governing the aviation industry is paramount. Adherence to these standards is critical for
maintaining a robust internal control system and upholding SpiceJet's commitment to regulatory
compliance.

5.2.Schedules:

The project unfolds over an 11-week period, divided into four key phases: Discovery, Analysis,
Recommendations, and Transition. Each phase is strategically structured to achieve specific
objectives aimed at addressing the challenges faced by SpiceJet and formulating actionable
solutions for sustainable growth and operational excellence.

5.2.1. Discovery: Weeks 1-4: Focus on data gathering and evaluation of SpiceJet's financial
health, operational efficiency, and regulatory compliance.

5.2.2.Analysis: Weeks 5-7: Comprehensive examination of operational data, aircraft utilization,

supply chain efficiency, safety protocols, and financial health.

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5.2.3.Recommendations: Weeks 8-9: Formulation of strategic recommendations and actionable
plans based on analysis findings.

5.2.4.Transition: Weeks 10-11: Stakeholder engagement and development of implementation

strategies for recommended solutions.

5.3 Budget:

The budget section provides a detailed breakdown of resource allocation and associated costs
essential for implementing the proposed strategies to tackle SpiceJet's challenges effectively. It
delineates resources into three main categories: Onsite, Offshore, and Vendor, encompassing
senior leadership, managers, consultants, analysts, and specialized support where necessary. With
a structured plan spanning 11 weeks, each resource is allocated specific weekly hours,
contributing to a total cost of $1,863,121.00.

- On Shore Cost: $1,177,000.00

- OffShore Cost: $290,800.00
- Travel: $301,720.00
- Per Diem:$37,715.00
- Expenses:$15,086.00

This meticulous budget planning ensures efficient resource utilization and timely delivery of
results within the project's budgetary constraints.A detailed budget analysis is done in section
A.2.

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 A. Appendices:

A.1. Detailed Project Approach:

The following table give a detailed view of the project approach phase by phase, with their data
sources, activities under that respective phase and the timeline mentioned for it, please refer to
section 5.1 for the project approach.

Phase Activities Data Sources Timeline

Phase 1: Financial Data Annual 1st week

Discovery Gathering report
2022-23

Debt Structure and SpiceJet 1st week

Financial Stability Balance
Evaluation Sheet

Profitability SpiceJet 2nd week

Metrics Exploration Balance
Sheet &
Metrics

Operating and SpiceJet 2nd week

Non-Operating (500285)
Expenses Review. Balance
Sheet &
Metrics

Phase 2: Analysis Operational Data Case Study, 3rd week

Examination. Annual
report
2022-23

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 Aircraft and Annual 3rd week
Infrastructure report
Utilization 2022-23
Assessment.

A.2
Supply Chain Annual 4th week Detailed
Efficiency report Budget
Evaluation. 2022-23 Analysis:

Safety Protocols Annual 4th week and 5th week The

and Regulatory report budget
Compliance 2022-23 analysis
Review.

Comprehensive Annual 5th week

Financial Health Report
Assessment 2022-23

Phase 3: Strategic N/A 6th week and 7th week

Recommendations Recommendations
and Solutions.

Quick Wins N/A 8th and 9th week

Identification.

Phase 4: Stakeholder Stakeholder 10th week

Transition Engagement. feedback

Course of Action N/A 10th week and 11th

Development. week

meticulously outlines the allocation of resources and associated costs for the proposed project,
aimed at addressing SpiceJet's challenges comprehensively and within budget constraints. This
analysis is an extension from section 5.3.

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 1. Resource Allocation: The budget categorizes resources into three main groups: Onsite,
Offshore, and Vendor. Each group comprises various roles, ensuring comprehensive
coverage of expertise required for the project. Onsite costs total $1,177,000.00, while
Offshore costs amount to $290,800.00.

2. Timeframes: The project spans 11 weeks, divided into distinct phases: Initiation,
Planning, Ideation, and Execution. Each week is meticulously planned to allocate
resources based on the phase's requirements.

3. Cost Breakdown: Costs are calculated based on the total full-time equivalent (FTE) hours
allocated to each resource category and their respective hourly rates. The total hourly cost
for all resources is $1,508,600.00.

4. Expense Details: Additional expenses include Travel ($301,720.00), Per Diem

($37,715.00), and other miscellaneous expenses ($15,086.00), bringing the total project
cost to $1,863,121.00.

5. Efficiency and Optimization: The budget analysis underscores efforts to optimize

resource allocation and minimize costs while ensuring the project's success. By
leveraging a mix of onsite and offshore resources and engaging vendors for specific
tasks, the project maximizes efficiency and cost-effectiveness without compromising
quality or delivery timelines.

This budget plan ensures that SpiceJet's challenges are addressed comprehensively and within
the specified budget constraints, fostering success and operational excellence.

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A.3 Detailed Timeline Breakdown:

The project unfolds over an 11-week period, divided into four key phases: Discovery, Analysis,
Recommendations, and Transition. Each phase is strategically structured to achieve specific
objectives aimed at addressing the challenges faced by SpiceJet and formulating actionable
solutions for sustainable growth and operational excellence.

1. Discovery (Weeks 1-4): During this phase, the team focuses on gathering essential data
and insights related to SpiceJet's financial health, operational efficiency, and regulatory
compliance. Key activities include financial data gathering, evaluation of debt structure,
profitability analysis, and review of operating expenses.
2. Analysis (Weeks 5-7): The Analysis phase involves a comprehensive examination of
operational data, aircraft utilization, supply chain efficiency, safety protocols, and overall
financial health. The goal is to identify bottlenecks, inefficiencies, and areas for
improvement across various facets of SpiceJet's operations.
3. Recommendations (Weeks 8-9): In this phase, strategic recommendations and solutions
are formulated based on the findings from the analysis phase. The team focuses on
developing actionable plans to address identified challenges and capitalize on
opportunities for enhancing performance and competitiveness.
4. Transition (Weeks 10-11): The final phase involves stakeholder engagement and the
development of a clear course of action for the implementation of recommended
solutions. This phase ensures alignment with stakeholders' expectations and lays the
groundwork for the successful execution of the proposed strategies.

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Overall, the project timeline is meticulously designed to deliver tangible results and drive
meaningful change within SpiceJet, positioning the airline for long-term success and resilience in
the dynamic aviation landscape.

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