SpiceJet far better placed to weather COVID-19 turbulence: CMD

SpiceJet Chairman and Managing Director Ajay Singh on Thursday said that the passenger carrier is far better placed to weather the turbulence caused by the coronavirus outbreak.

According to Singh, the sector is under a lot of pressure which is temporary.

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"We have been here before. SpiceJet is far better placed than many others to weather this turbulence," Singh was quoted as saying in a statement.

"I firmly believe that this is an opportunity for SpiceJet, for the government and the aviation ecosystem to create more efficient and viable structures for the growth that lies ahead."

He emphasised that the Indian aviation market and especially the domestic one has immense potential and will remain among the fastest growing in the world.

"The government is doing an excellent job in managing the crisis and India has managed to contain COVID-19 cases to a large extent."

"I am confident that the proactive steps that have been taken by the government will help us overcome this crisis situation and set India apart as a prudent and safe country," he said.

Lately the sector has been heavily battered by the coronavirus outbreak and its cascading impact on the overall travel industry.