'Procedural issues' delay Spicejet's aviation turbine fuel import plan

Mumbai: The low-cost carrier Spicejet, which was the first to get permission to directly import aviation fuel and planned to start doing so by last month, today said its plans were stuck in a procedural maze and hoped to start imports only by the end this quarter.
"We are done with our part. But some procedural delays are holding us back from going ahead and start importing aviation turbine fuel (ATF)," Spicejet chief executive Niel Mills told reporters. The Chennai-based carrier, promoted by media baron Kalanithi Maran, was the first airline to apply for a direct import licence from the government after it was allowed in February. The second largest no-frills carrier with 18.6 per cent market share, which had reported a surprise profit of Rs 64 cr in the June quarter, got the DGFT nod to directly buy ATF in May and the airline had told PTI that it would begin shipping in fuel by mid-July.
03/08/12 PTI/Economic Times

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Categories: spicejet Aug 2012