With the interim bank funding of `1,500 crore still not flowing to Jet Airways, the crisis at the beleaguered airline has deepened to the extent that it is left with operating only 15 aircraft on the domestic routes as on Wednesday. This is the lowest number of aircraft being operated by any carrier on the domestic routes. Even newer airlines like AirAsia India and Vistara operate 20 and 22 aircraft, respectively, on domestic routes.
As per rules, an airline can only fly on international routes if it has 20 aircraft on domestic routes, but Jet may get a breather for sometime as this data is not monitored on a real-time basis.
However, civil aviation secretary Pradeep Singh Kharola sounded a warning by stating that Jet’s entitlement to fly international destinations needs to examined in the wake of fresh grounding. “The airline’s eligibility to fly internationally needs to be examined,” he Kharola told reporters on Wednesday.
Sources in the industry said that if the funding by the banks, which is still stuck, doesn’t flow in fast, more aircraft may get grounded due to non-payment of leasing dues to lessors, which will cripple its operations completely.
Jet, which had informed the civil aviation ministry on March 26 that there will be no further grounding and that it will bring 40 of its grounded aircraft back into service by April end, in fact on April 2 grounded 15 more aircraft.
04/04/19 Manisha Singhal and Arun Nayal/Financial Express
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As per rules, an airline can only fly on international routes if it has 20 aircraft on domestic routes, but Jet may get a breather for sometime as this data is not monitored on a real-time basis.
However, civil aviation secretary Pradeep Singh Kharola sounded a warning by stating that Jet’s entitlement to fly international destinations needs to examined in the wake of fresh grounding. “The airline’s eligibility to fly internationally needs to be examined,” he Kharola told reporters on Wednesday.
Sources in the industry said that if the funding by the banks, which is still stuck, doesn’t flow in fast, more aircraft may get grounded due to non-payment of leasing dues to lessors, which will cripple its operations completely.
Jet, which had informed the civil aviation ministry on March 26 that there will be no further grounding and that it will bring 40 of its grounded aircraft back into service by April end, in fact on April 2 grounded 15 more aircraft.
04/04/19 Manisha Singhal and Arun Nayal/Financial Express
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