Thursday, September 22, 2016

SpiceJet to order 100-plus planes for Rs 80kcr

Kolkata: SpiceJet, the airline that came back from the dead, is set to order more than 100 new planes in the next couple of months. These are in addition to the 42 Boeing B737 MAX8 planes that it had ordered earlier.
SpiceJet chairman and managing director Ajay Singh said the airline was in the final round of talks with aircraft majors Boeing and Airbus for nar row-body planes and other manufacturers for smaller regional aircraft. "The airline is ready for expansion and requires more aircraft. We will place the order for more than 100 planes in October or November," he said.
The prospect of the order worth over $12 billion (Rs 80,000 crore) comes less than two years after the airline's fortune crashed on December 17, 2014.With mounting losses and not enough operational capital at hand, the management announced suspension of all flights from 4pm that day . Many thought the airli ne was going the Kingfisher way . It was perilously close to it because no airline in the world has returned after stopping operations," Ajay Singh said.Singh who had originally owned the airline before selling it to the Sun group, bought the airline back and revived it by focusing on the business, cutting costs and overheads and rejigging the network.
21/09/16 Subhro Niyogi/Times of India
To Read the News in full at Source, Click the Headline


Post a Comment