Mumbai: Jet engines, components and integrated systems provider GE Aviation on Tuesday said budget carrier SpiceJet has chosen its flight efficiency services (FES) to substantially reduce its annual fuel bill of $600 million (Rs 3,600 crore at 1 dollar = 60 rupees).
Under the pact, GE Aviation will provide flight data analytics and fuel management services to optimise SpiceJet's operational efficiency, which aims at substantially reducing airline's $600 million fuel bills, a release said here.
Deliveries for the program will begin from later this month, the release said. Media baron Kalanithi Maran-promoted SpiceJet currently has 52 Boeing 737 and Bombardier Q400 aircraft in its fleet.
"India has among the highest jet fuel prices in the world," GE Aviation president for avionics and digital systems Alan Caslavka said in the release.
"We are excited about the partnership with SpiceJet and look forward to working with them to realize substantial savings."
As part of the contract, GE will provide consultation and evaluation services with the aim of reducing the airline's fuel consumption and carbon emissions.
GE is also designing and implementing custom solutions for SpiceJet and performing on-going efficiency measurements, it added.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
