We present the results of our spectroscopic observations for the classical symbiotic star V1413 Aql performed in 2008-2011. Various states of the hot component are considered: almost quiescence in 2008, very slow outburst onset in 2009, outburst maximum in 2010, and gradual brightness decline in the erupted hot component in 2011. We have established that, according to a spectroscopic criterion, in 2008 the system was in quiescence. We have shown that the parameters of the hot component during its outburst can be determined only by modeling the differences of the spectra taken at different eclipse phases. The active hot component of V1413 Aql at the outburst maximum is shown to have had the record late (for a symbiotic star) spectral type K2. At various stages of the new activity cycle, we have modeled the continuumenergy distribution based on a standard three-componentmodel, a model including a standard accretion disk and a red giant, and amodel including a supergiant (of various spectral types) and a red giant. The parameters of the system's components have been determined.