SpiceJet's Ajay Singh draws parallels between telecom and aviation sector, hopes for govt support
Updated : November 22, 2019 06:16 AM IST
There are lessons to be learnt from the current state of telecom sector and the learning need to be implemented to improve the health of domestic airlines, Ajay Singh, the chairman and managing director of SpiceJet, has said.
While Air India continues to struggle with a debt burden of around Rs 60,000 crore and is getting ready for divestment, state-run telecom companies BSNL and MTNL were granted a revival package of Rs 74,000 crore in October.
The inclusion of aviation turbine fuel under the goods and services tax regime may result in revenue loss of around Rs 5,000-Rs 5,500 crore but simultaneously, it is also subsidising Air India with around Rs 6,000 crore every year, Singh said.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more