Need for ‘more rational airfares’ in country: SpiceJet CEO Ajay Singh

SpiceJet CEO Ajay Singh on Thursday said there is a need for “more rational airfares” in the country even as he tried to assuage concerns of a hike in airfares as a consequence of competitor Go First filing for voluntary insolvency by terming it a “temporary phenomena”.

He termed the Go First development as “extremely unfortunate” and expressed hope that the airline can use this opportunity to resolve their issues.

Asked about concerns on hike in airfares as a consequence of competitor Go First filing for voluntary insolvency, the SpiceJet chief said: “Those are temporary phenomena”.