Ajay Singh of SpiceJet says this could have a positive impact on aviation companies and will help airlines deal with jet fuel prices which make up about 40-50% of the total cost.
Saroj Datta stepped down as board member and executive director of Jet Airways recently, after almost decade at the airliner. CNBC-TV18 catches up with him to source out his rich experience and the way forward for the industry as he sees it.
Analysts say SpiceJet will find it tough to raise funds for its expansion plans, which is crucial in a capital intensive business like aviation. And that is putting pressure on the stock.
In an interview with CNBC-TV18, Dinesh Keskar president of Boeing India's said that the most important focus is on the customers who needs airplanes and the numbers of airplanes which they would add into the country year after year.
Neil Mills, CEO of Spicejet, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, believes that the aviation turbine fuel (ATF) prices would be corrected. He also feels that the change would not be overnight with the Indian mechanism.