IndiGo, SpiceJet get AAC’s nod to import more aircrafts

14 Feb 2013

Low cost carriers, IndiGo and SpiceJet have got the nod from Aircraft Acquisition Committee (AAC) of the Civil Aviation Ministry to import more aircrafts. The AAC, headed by S Machendranathan, the additional secretary and financial adviser of the Ministry of Civil Aviation, has allowed IndiGo to import four Airbus 320, while SpiceJet’s proposal to import three Boeing 737 aircraft too was cleared recently. However, the proposal now awaits the final nod from the Civil Aviation Minister Ajit Singh.

However, it remains important to be noted that the decision to allow IndiGo to import more aircraft comes at a time when airline is facing problems from the government in importing 16 A320 aircraft, which is part of the order of original 100 aircraft for which the airline already has in-principle approval.

Furthermore, IndiGo currently has 63 aircraft and plans to induce three of the five cleared planes this year end and two more by this fiscal year end.

Related Spicejet Ltd. Links:

Spice Jet Share Price

69.90 -1.95 (-2.71%) May 14, 18:01
1 Year Price Chart
Peers
Company Name CMP
Interglobe Aviation 1694.70
Hindustan Aeron 983.20
Spice Jet 69.90
Global Vectra Helico 42.10
Jet Airways (I) 89.70
View more..
Sensex vs Spice Jet
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback