The crisis-ridden Jet Airways, which grounded four more aircraft over the weekend due to non-payment of dues to lessors, faces more trouble ahead.
Insiders claim that the number of grounded aircraft is expected to increase this month, apart from the planes grounded for scheduled and non-scheduled maintenance work.
With the latest spate of groundings, about 23 planes, or around 20% of the Jet Airways fleet is now out of operations.
The Jet Airways website claims that the airline has 119 aircraft under its fleet at present, including those dry-leased to other airlines. However, fleet tracking websites, including airfleets.net, put the number of active aircraft to be 106. "The numbers would go higher in the coming days unless there is immediate infusion of funds," said an airline insider.
Adding to the trouble, a Securities and Exchange Board of India (Sebi) order restricting open offer exemption may make it difficult for Jet to raise funds.
Though Jet Airways officials said that the airline is making all efforts to minimise disruption to its network and re-accommodating its affected guests, the experts claim it would get tougher for the airline in coming days. The reason being that the rival airlines, which as per the industry practice accommodate passengers from cancelled flights, are now showing apprehensions due to poor financial condition of Jet Airways. Madhu Mathen, GM (marketing) at Air India, in letter to the concerned department said, " With immediate effect and till further notice, Jet Airways (India) Limited and JetLite Limited documents (including FIM and endorsed/ involuntary rerouted/ re-booked/ exchanged/ re-issued documents) are not be accepted for travel on Air India flight." flight interruption manifest (FIM), which is an agreement between two airlines, allows shifting of passengers in case of overbooking at a pre-agreed rate. The carriers can also allowed to accommodate the passengers in case of a cancelled flight. Likewise, though Jet Airways and rival full-service carrier Vistara do not have FIM, an interline ticketing facility between them has been terminated.
04/03/19 Shahkar Abidi/DNA
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Insiders claim that the number of grounded aircraft is expected to increase this month, apart from the planes grounded for scheduled and non-scheduled maintenance work.
With the latest spate of groundings, about 23 planes, or around 20% of the Jet Airways fleet is now out of operations.
The Jet Airways website claims that the airline has 119 aircraft under its fleet at present, including those dry-leased to other airlines. However, fleet tracking websites, including airfleets.net, put the number of active aircraft to be 106. "The numbers would go higher in the coming days unless there is immediate infusion of funds," said an airline insider.
Adding to the trouble, a Securities and Exchange Board of India (Sebi) order restricting open offer exemption may make it difficult for Jet to raise funds.
Though Jet Airways officials said that the airline is making all efforts to minimise disruption to its network and re-accommodating its affected guests, the experts claim it would get tougher for the airline in coming days. The reason being that the rival airlines, which as per the industry practice accommodate passengers from cancelled flights, are now showing apprehensions due to poor financial condition of Jet Airways. Madhu Mathen, GM (marketing) at Air India, in letter to the concerned department said, " With immediate effect and till further notice, Jet Airways (India) Limited and JetLite Limited documents (including FIM and endorsed/ involuntary rerouted/ re-booked/ exchanged/ re-issued documents) are not be accepted for travel on Air India flight." flight interruption manifest (FIM), which is an agreement between two airlines, allows shifting of passengers in case of overbooking at a pre-agreed rate. The carriers can also allowed to accommodate the passengers in case of a cancelled flight. Likewise, though Jet Airways and rival full-service carrier Vistara do not have FIM, an interline ticketing facility between them has been terminated.
04/03/19 Shahkar Abidi/DNA
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