SpiceJet, the low-cost airline is the only listed entity to bet on the regional connectivity scheme (RCS).
Ajay Singh, CMD, SpiceJet said as of now there is no reason to believe why the regional flights will not do well.
The Government in March started its Regional Air Connectivity Scheme (RCS) by awarding 128 regional routes to five airlines — Alliance Air, SpiceJet, Turbo Megha, Air Odisha and Air Deccan.
As proposed by the government, under this scheme at least half the seats on every flight will be available for a fare of Rs 2500 per seat per hour of flying. Read More…