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SpiceJet's Chairman and Managing Director, Ajay Singh, today made a strong pitch for more use of bio fuels to fly planes, calling the plant-derived fuels "the future of aviation".
On August 27, SpiceJet became the first Indian airline to fly a plane ( Dehradun to Delhi) with A mix of bio fuel (25 per cent) and the conventional ATF.
Recalling the "excitement" at RE-INVEST, a conference-cum-expo of the renewable energy industry organized here by the government of India, Singh observed that bio fuels we're environment-friendly, cheaper than ATF and of a potential to raise farmers' income.
He said that today 100 million Indians fly every year, and the industry was growing at 20 per cent year-on-year. Therefore, the country should set itself a target of flying 100 million Indians using bio fuels, by 2025.
On its part, SpiceJet committed to flying 20 million people on bio fuel powered aircraft -- as many as its entire customer base today.
It takes about Rs 100 crore to set up a bio fuel refinery, Singh said, adding that "airlines themselves will invest in bio fuel business".
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