Spicejet to Bring Another Boom in Aviation :
Low cost carrier SpiceJet to bring another boom in aviation. Spicejet plans to target the billion Indians who’ve never flown before, either because they can’t afford it or because they don’t live near a functioning airport.
Spicejet is in talks with Japan’s Setouchi Holdings Inc. to buy about 100 amphibious Kodiak planes that can land anywhere, including on water, gravel or in an open field.
Spicejet Kodiak Plane
The deal, valued at about $400 million, would help SpiceJet capitalise on Prime Minister Narendra Modi’s ambitious plan to connect the vast nation by air without waiting for billions of dollars in upgrades to colonial-era infrastructure.
Spicejet is currently trading at Rs 142 ( as on 30th oct 17 ). The stock prices will rise if this deal happens.
While negotiations continue, Hiroshima-based Setouchi plans to conduct a demonstration water landing in November, said Go Okazaki, an executive managing director in the overseas business division. He couldn’t estimate when the deal would close.
About 97 percent of India’s 1.3 billion people have never been on an airplane, according to SpiceJet. But there’s a problem finding places to pick up and drop off those passengers.
Only about 75 of the 450 areas designated by the Indian government as an airport or airstrip currently handle commercial flights. That exacerbates the stress on major airports in New Delhi, Mumbai and Bengaluru, where hardly any landing slots are available.
Infrastructure at most of those dormant airports — runways, control towers, terminals and maintenance sheds — has suffered decades of neglect, making the sites unusable.
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