SpiceJet to grow revenue from Bombardier planes

Moves comes after AirAsia announced plans to launch regional airline in India

SpiceJet aims to grow revenue from Canada's Bombardier Inc planes to 20% from 11% in 12-20 months, its chief executive officer Neil Mills said on Tuesday.

The move comes after Malaysian carrier AirAsia announced plans to launch a regional airline in India with an initial investment of Rs 80 crore to cash in on rising demand for domestic air travel among the country's expanding middle class.