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PHOTO FEATURE: A SpiceJet Boeing 737-800 pbadenger takes off from Sardar Vallabhbhai Patel International Airport in Ahmedabad, India, on May 19, 2016. REUTERS / Amit Dave
SEOUL (Reuters) – Indian low-cost airline SpiceJet Ltd is investigating the possibility of taking over large aircraft previously operated by Jet Airways Ltd., but early studies show that they require major maintenance, announced Saturday its president.
SpiceJet, which operates large aircraft and turboprop aircraft, does not intend to become a jumbo jet with more distant flights in the aftermath of Jet's fall in April, said SpiceJet President Ajay Singh .
"Of course, a gap has been created and there seems to be an opportunity, but it's also a business we do not know much about. A venture at higher risk, "he told Reuters on the sidelines of a conference of the airline industry in Seoul.
"We explore it. We will see. If it seems to be very profitable, we can do it. "
SpiceJet bought out 25 Boeing Co 737 leases previously operated by Jet in April and May, he said.
Reportage of Jamie Freed; Edited by Himani Sarkar
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