Wednesday, March 27, 2019

Jet Airways hopes to get 40 grounded planes back from lessors by April end

New Delhi: Jet Airways is currently operating 35 aircraft and may take this number to 75 by April-end, if it is able to convince lessors who have grounded planes over dues to fly them again.
The airline’s officials met top aviation officials on Tuesday to discuss a roadmap for the next couple of months. This comes a day after Naresh Goyal stepped down from Jet's board and lenders agreed to give emergency funding of Rs 1,500 crore.
 “We are trying that in the approaching summer peak travel season the capacity crunch eases. We have observed fares on some sectors occasionally spiked up and have asked airlines not to do that. Jet officials said they will speak to lessors and hope to get 40 grounded planes back in operation by next month end. They will inform us by next week exactly how many planes lessors have allowed them to fly and by when,” aviation secretary Pradeep Singh Kharola said after meeting Jet officials along with DGCA chief B S Bhullar.
 The capacity crunch has been caused largely due to Jet grounding its aircraft. The crunch later aggravated as SpiceJet grounded Boeing 737 Max and GoAir grounded A320 Neo. The situation got worse when other airlines like Air India and IndiGo also started cancelling flights. Kharola said the government is looking at giving the slots not being utilised by Jet in airports in India and abroad to other Indian carriers for a certain time.
 26/03/19 Saurabh Sinha/Times of India
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