Air India, Kingfisher crisis benefited Jet Airways

The crisis in Air India and Kingfisher Airlines has benefited Jet Airways the most and the private carrier is expected to place an order of up to 100 narrow-body aircraft during this financial year, a global aviation strategy firm has projected.
The Centre for Asia-Pacific Aviation (CAPA) also expects India's airlines to post a combined loss of a whopping USD 1.4 billion, with Air India likely to be the "worst performer" to report a loss of almost the entire amount of USD 1.3 billion.
In its latest analysis titled 'India Outlook 2012-13', it said that while Kingfisher would post an estimated loss of USD 220-260 million, the remaining four private carriers - Jet Airways, IndiGo, SpiceJet and GoAir combined, could post a modest profit of approximately USD 200 million.
It said although the troubles facing Air India and Kingfisher "have been positive for all of the other carriers, Jet Airways has been, and will continue to be, the largest beneficiary."
24/05/12 PTI/Moneycontrol.com

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Categories: Air India May 2012, Jet Airways May 2012, Kingfisher May 2012