SpiceJet delays launch of regional operations
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Budget carrier SpiceJet will delay the launch of its regional operations by a month as it awaits clearance of US$250-million funding from the Reserve Bank of India for its Bombardier Q400 aircraft, Economic Times quoted a company official as saying.The airline was slated to start regional operations from 15 July. It had tied up with Export Development Canada (EDC) for funding all 15 of its Bombardier Q400s from the Canadian firm Bombardier with a capacity of 70 seats. “We were not able to close commercial terms with EDC on time as we were negotiating the best agreement with them. The clearance from the RBI has been sought only 10 days ago and the launch of operations will depend on when the clearance comes,” SpiceJet CEO Neil Mills was reported saying. “This has led to a delay of about three to four weeks and now we are targeting the launch of our regional operations by the end of August instead.”
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