India has the potential to be a “tremendous’” long-haul market, “if you can work out the math and bring down the cost,” Mr Singh said. While the nation of 1.3 billion people is the world’s fastest growing aviation market, expanding at a 20% annual clip, it also remains “incredibly price sensitive”, he said. SpiceJet, based in Gurgaon near New Delhi, has purchase rights for 50 more Boeing aircraft of unspecified type. It could use some of those options if it chooses to buy the 787, according to Mr Singh, who said he’s also looking for measures to maximise efficiency. Since then, Mr Singh has returned to the company he founded and infused capital as oil prices tumbled, scripting a turnaround which saw the airline post profits for 10 consecutive quarters.

Source: Bangkok Post September 08, 2017 04:29 UTC