Friday, April 19, 2019

Rivals see runways of opportunity as Jet Airways suspends operations

New Delhi: The suspension of Jet Airways flights has opened new opportunities for competition such as Air India, SpiceJet, IndiGo and AirAsia India. These airlines are ready to fill in the gap, especially in metros, by adding flights both to international and domestic destinations.
Air India chief Ashwani Lohani, for instance, has offered to take five grounded B 777s of Jet on wet or dry lease, it is learnt. Lohani sent across the offer to State Bank of India chairman Rajnish Kumar, who’s heading the resolution process for Jet, in a communication dated April 17, as soon it was clear that the Naresh Goyal-founded airline was getting grounded. Lohani has expressed the wish to take the aircraft on lease, “subject to approvals and financial viability”, to fly them to international destinations where Jet had substantial capacity. Air India is looking at adding flights to London from both Delhi and Mumbai, a route where fares have soared recently. Also on the horizon are additional flights to Dubai and Singapore. Lohani could not be contacted for comment.
SpiceJet too announced on Thursday that it was launching 24 new flights connecting Mumbai and Delhi with other cities in the country. Of these, 16 will connect Mumbai (apart from the six it announced last week and which started operations on Thursday) and four Delhi. The rest will connect the two metros with each other. The airline had recently announced direct flights from Mumbai to Dubai, Hong Kong, Riyadh and Bangkok among other international routes.
19/04/19 Surjeet Das Gupta/Business Standard

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