SpiceJet has completed five years of operations in a successful manner.

Moreover, the low-cost airline said that it is eyeing higher growth in the coming years.

In a declaration, chief executive Sanjay Aggarwal stated that they have been capable of sustaining their development and the future looks positive in spite of the challenges in the business environment.

The airline holds more than 12 per cent market share and runs 131 flights on a daily basis to 19 destinations across India.

At present, the administration is looking for a proposal from SpiceJet and another budget carrier Indigo to fly out of the country.

The approval from the regulator, the Directorate General of Civil Aviation, will come once it is verified that the airline has the financial strength to sustain international operations even when the demand is low.

The fleet size of the airline has gone up to 20 Boeing aircraft during the last five years. (With Inputs from Agencies)