SpiceJet Ltd.’s Chairman Ajay Singh said the budget carrier has been able to maximise its profit by flying to smaller cities under UDAN, a scheme aimed at boosting regional connectivity in the world’s third biggest aviation market.
“Our flights operating under the scheme are the top-performing flights in the network,” Singh told BloombergQuint’s Menaka Doshi on the sidelines of World Economic Forum 2018 in Davos, Switzerland.
Passenger load factor in flights operating on regional routes has been in excess of 90 percent, said Singh. That’s mainly due to SpiceJet’s ability to capture the unserved demand for aviation services to tourist destinations like Pondicherry, Jaisalmer and Porbandar.
The ‘Ude Desh Ka Aam Nagrik’ scheme, launched in 2016, subsidises airfares to make flying affordable and connect smaller cities with the aviation grid. Five airlines, including SpiceJet, won bids in the first round to operate flights to 31 new destinations in March last year. Routes to another 29 airports and 31 helipads were added in the second round of auction that concluded yesterday. More than 100 million Indians travelled by air in 2017 and the numbers are expected to rise as economic growth boosts incomes.
26/01/18 Isha Arora/Bloomberg|Quint
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“Our flights operating under the scheme are the top-performing flights in the network,” Singh told BloombergQuint’s Menaka Doshi on the sidelines of World Economic Forum 2018 in Davos, Switzerland.
Passenger load factor in flights operating on regional routes has been in excess of 90 percent, said Singh. That’s mainly due to SpiceJet’s ability to capture the unserved demand for aviation services to tourist destinations like Pondicherry, Jaisalmer and Porbandar.
The ‘Ude Desh Ka Aam Nagrik’ scheme, launched in 2016, subsidises airfares to make flying affordable and connect smaller cities with the aviation grid. Five airlines, including SpiceJet, won bids in the first round to operate flights to 31 new destinations in March last year. Routes to another 29 airports and 31 helipads were added in the second round of auction that concluded yesterday. More than 100 million Indians travelled by air in 2017 and the numbers are expected to rise as economic growth boosts incomes.
26/01/18 Isha Arora/Bloomberg|Quint
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