Business
This Budget Airline Is Buying Seaplanes to Reach Areas Others Can't
- SpiceJet may buy 100 amphibious planes from Japan’s Setouchi
- Most of India’s 450 airstrips are too decrepit for big planes
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The next sales pitch for one of the world’s fastest-growing airlines may turn out to be: No runway? No problem!
SpiceJet Ltd., an Indian budget carrier that’s seen its stock zoom 10-fold in three years, wants to open up the third-biggest aviation market even more. That means targeting the billion Indians who’ve never flown before, either because they can’t afford it or because they don’t live near a functioning airport.