High airport charges hurt profitability: SpiceJet CEO

Low fare carrier SpiceJet does not have any issues related to funding aircraft acquisition, says its CEO Neil Mills who was in Mumbai to attend the CAPA aviation summit 2012.

October 31, 2012 / 08:17 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Low fare carrier SpiceJet does not have any issues related to funding aircraft acquisition, says its CEO Neil Mills who was in Mumbai to attend the CAPA aviation summit 2012.

The airline has plans to extend its fleet to 70 aircraft, a mix of 45 Boeing and 25 Q400 planes, by the end of 2013.

Mills pointed out challenges pertaining to high aviation fuel cost and airport charges which are denting industry's bottom-line. He however said that load factors will increase ahead of the festive season.

William Franke, co founder and managing partner at Indigo Partners LLC added that Indian needs to address infra issues, only then it can attract foreign direct investment.

first published: Oct 30, 2012 04:01 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347