It is time for the private airline Jet Airways to be awake, it is time for all to wake up from sleep, there is some defect of policymakers as the cost structure in the country is very high. This is what SpiceJet chief Ajay Singh said. Cheaper Aviation Company SpiceJet is expanding its business and is preparing to lease 30 planes. Earlier Jet Airways used these aircraft. Significantly, Jet Airways suspended the flight operations in April due to a cash crunch. The fleet of SpiceJet now includes at least 100 aircraft. During the annual general meeting of the International Air Transport Association, SpiceJet chairman and managing director said that we are also planning to hire 2,000 employees of Jet Airways.
The airline has already appointed more than 1,100 people. Terming the closure of Jet Airways flights as unfortunate, Singh said internal reasons and high costs were included in the reasons for this failure. He said, “It is miserable that Jet Airways is standing on the ground, and it is awake for all of us working in the aviation sector and for sleeping for policymakers.” Singh said the cost structure for the aviation sector is quite high. It has contributed a lot to Jet Airways’ failure.
Along with this, there are internal reasons too. The truth is that the cost structure of the jet was probably not competitive, and it went as hard as possible to earn money with the airline and the cost structure. Jet Airways operated in the aviation sector for 26 years. It had a broad network of flights at home and internationally. Indian aviation kshetra is considered to be very high growth, but here the airline companies are especially affected by high costs of aviation fuel (ATF). Fuel’s share in airline operations is up to 40 percent.