Aviation

SpiceJet to set up JV airline at Ras Al Khaimah with 49% share; eyes East Europe

Updated : November 21, 2019 08:22 AM IST

The airline will initially have a fleet of 4-5 Boeing MAX.

While SpiceJet is yet to decide the departure point of Ras Al Khaimah flights from India, it is certain that the Middle East is an important market for the airline.

Chairman Ajay Singh reiterated that the airline plans to start flights into Ras Al Khaimah within the "next few weeks".

SpiceJet will be setting up an airline at Ras Al Khaimah with a local partner and will have a 49 percent shareholding in the joint venture, Chairman and Managing Director Ajay Singh said.

The airline will initially have a fleet of 4-5 Boeing MAX. However, SpiceJet is yet to finalise the local partner and apply to the local regulatory body for an air operator permit.

As per the current bilateral arrangement with Ras Al Khaimah, SpiceJet has the availability to operate two flights per week as the remaining two flights are operated by Air India Express. Air India Express operates flights between Kozhikode and Ras Al Khaimah on Wednesday and Friday.

While SpiceJet is yet to decide the departure point of Ras Al Khaimah flights from India, it is certain that the Middle East is an important market for the airline.

"We are looking at East Europe, Africa... we are getting some incentives from the airport.. they want us to start operations with as many aircraft as we want... the more the better," a senior official said.

While the timeline for setting up of SpiceJet's airline in the UAE is not known yet, Singh reiterated that the airline plans to start flights into Ras Al Khaimah within the "next few weeks".

SpiceJet to set up JV airline at Ras Al Khaimah with 49% share; eyes East Europe

You May Also Like

Coronavirus News LIVE Updates: Country's highest single-day COVID tests of 1.94 lakh conducted in Bihar, says Nitish Kumar

IL&FS case: Sebi raises penalty to Rs 1 crore each on ICRA, CARE

Stock Market Highlights: Market ends in red for 4th day, broader markets slip over 1%; all sectors end lower except IT index

Trending on CNBC-TV18

recommended for you