10-12% fare hike won't affect flyers: SpiceJet MD Ajay Singh
SpiceJet Managing Director Ajay Singh has said that a 10-12% fare hike will not impact passenger travel as the fares are "extremely reasonable" now. "Operating costs have gone up tremendously in the last one year because of rise in oil prices and a depreciating rupee," Singh added. He further said that state governments should reduce VAT on jet fuel.