Thursday, December 14, 2017

SpiceJet is the only airline to explore air connectivity through water bodies: Ajay Singh, SpiceJet

SpiceJet is the only Indian airlines to explore air connectivity through water bodies such as rivers and inland waterways. The airlines recently conduct seaplane trials and aims at creating a new market for both the airline and tourism industry. SpiceJet operates 396 daily flights to 51 destinations including 7 international destinations.

Yash Ved of Newsbarons provides you the highlights of a media interaction, where Ajay Singh, CMD, Spicejet informed “The objective is to create greater connectivity for every Indian.”

NB: Brief us about your seaplane trials?

Ajay: The airline conducted seaplane trials in association with Japan’s Setouchi Holdings at Mumbai’s Girgaum Chowpatty. SpiceJet and Setouchi Holdings have been working closely for over six months to explore opportunities for small ten and fourteen seater plane operations to provide air connectivity to smaller towns and cities of India.
The trial was the second phase of trials for the aircraft. Under the first phase, trials of the land plane were conducted in Nagpur and Guwahati. Being the largest airline and trend-setter of Regional connectivity scheme-UDAN, it will continue to add new wings.
Japan’s Setouchi Holdings Inc is a pioneer in the small aircraft aviation and is a part of Tsuneishi Group of Hiroshima Prefecture.

NB: Do you see big potential in smaller cities?

Ajay: We see tremendous potential in our smaller cities. The seaplane service will open a whole new market for both the airline and tourism industry. The Seaplane operation can bring the remotest parts of India into the mainstream aviation network.
The Regional Connectivity Scheme is a signature scheme which was announced by the Government.

NB: Brief us about your Financials?

Ajay: We have reported a profit of INR 105.3 crore for the three months ended September 30th, 2017 as against INR 58.9 crore in the same quarter last year. The company witnessed a 7% increase in its passenger yields, while its average load factor across the network was 93.1%.
The airline has recorded more than 90% load factor for 30 successive months, a feat unparalleled globally.
14/12/17 Yash Ved/News Barons