Davos: Terming the government's regional air connectivity scheme UDAN a big success, SpiceJet chief Ajay Singh has said the airline has not taken the viability gap funding so far as the routes operated by it under the scheme are financially viable on their own. The UDAN or 'Ude Desh ka Aam Naagrik' scheme aims to connect unserved and under-served airports as well as make flying more affordable for the masses.
SpiceJet has bagged routes in the first and second rounds of bidding under the scheme.
"On UDAN, our philosophy at SpiceJet is that wherever viability gap funding (VGF) is not required, we will not take it because the government should use the money where it is required," Mr Singh told news agency Press Trust of India in an interview.
"So far this has proved to be right because all the sectors we are flying as yet are financially viable without that viability gap funding," he said.
Airlines participating in the scheme are extended VGF -- which is shared by the respective state government and the Centre -- as well as certain other incentives.
26/01/18 PTI/NDTV
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SpiceJet has bagged routes in the first and second rounds of bidding under the scheme.
"On UDAN, our philosophy at SpiceJet is that wherever viability gap funding (VGF) is not required, we will not take it because the government should use the money where it is required," Mr Singh told news agency Press Trust of India in an interview.
"So far this has proved to be right because all the sectors we are flying as yet are financially viable without that viability gap funding," he said.
Airlines participating in the scheme are extended VGF -- which is shared by the respective state government and the Centre -- as well as certain other incentives.
26/01/18 PTI/NDTV
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