Go First insolvency will impact investor confidence: SpiceJet's Ajay Singh

'The factors behind the Go First crisis were beyond its control'

Go First’s decision to file for bankruptcy proceedings has again highlighted the need for reforms in the sector, including bringing aviation turbine fuel (ATF) under the goods and services tax (GST), says SpiceJet Chairman and Managing Director and President of the Associated Chambers of Commerce and Industry of India (ASSOCHAM), Ajay Singh. In an interview with Nikesh Singh and Arup Roychoudhury, Singh says SpiceJet had no issues with hardware suppliers, and it used funds under the Emergency Credit Line Guarantee Scheme (ECLGS) to bring 25 planes back into operational service. Edited excerpts:

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