Easing of 5/20 norms should not hit established carriers:Singh

Image
Press Trust of India New Delhi
Last Updated : Jun 06 2015 | 8:57 PM IST
In an apparent opposition to easing of international flying norms for domestic airlines, SpiceJet chairman Ajay Singh today said the new rules should be framed in a manner that established carriers are not affected.
The comments from Singh, who has come back as majority stakeholder at SpiceJet, come at a time when the government is in the process of doing away with the '5/20' norms for domestic airlines.
Under the norms, only carriers having been in operation for at least five years and with a fleet of at least 20 aircraft are allowed to fly on international routes.
"The government should seriously look at it (5/20 norms) before taking a decision (to modify it). It needs to be ensured that existing (or established) players are not penalised," SpiceJet's chairman and managing director Ajay Singh said.
Speaking at an event to mark SpiceJet's tenth anniversary celebrations, he expressed hopes that the government would address the issues facing the aviation industry, including those related to high costs and tax rates.
"The government's intentions, however, seem to be good (towards the industry)," he added.
Stating that SpiceJet has come back from being shut down last year, Singh said it "is on a highly visible upswing again".
"At SpiceJet, we have always been different; we have always stood for making flying unboring, by bringing back the zing to flying," SpiceJet chairman and managing director Ajay Singh said.
As part of completing ten years, SpiceJet today unveiled its new brand look and slogan - 'SpiceJet is different. It is Red. Hot. Spicy'.
Besides, the airline unveiled its new mobile application.
SpiceJet's chief operating officer Sanjiv Kapoor said with the new mobile application, the airline expects to "witness a meaningful jump in our bookings" and provide customers with increased flexibility and options.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 06 2015 | 8:57 PM IST

Next Story