Beleaguered grounded airlines Jet Airways’ testing time continues as the government now looks to re-allocate the airline’s foreign flying rights to competitor carriers including IndiGo, Air India, and SpiceJet. Civil aviation secretary Pradeep Singh Kharola chaired a meeting held on Friday with Directorate General of Civil Aviation officials and senior airline executives to discuss the matter.
The decision shows the government’s intent to have other local airlines operate on foreign routes where Jet Airways has ceased operations because of lack of funds, IANS reported.
Redirecting rights on international routes would mean additional capacity on important sectors and hence would bring fares down. However, it will significantly hit Jet Airways’ valuation.
The local carriers are eyeing lucrative sectors including Mumbai to Paris, Mumbai to London, and Delhi to Dubai and are now looking at slots to be distributed by the government on these routes, IANS cited official sources.
SpiceJet and Air India are aiming for flights to Dubai while Air India is also interested in increasing number of flights on Mumbai-London route. Another route being eyed by airlines is Delhi-Singapore, a private airline executive said. However, the rights would be given to airlines on a “temporary basis”, the executive added.
04/05/19 Financial Express
To Read the News in full at Source, Click the Headline
The decision shows the government’s intent to have other local airlines operate on foreign routes where Jet Airways has ceased operations because of lack of funds, IANS reported.
Redirecting rights on international routes would mean additional capacity on important sectors and hence would bring fares down. However, it will significantly hit Jet Airways’ valuation.
The local carriers are eyeing lucrative sectors including Mumbai to Paris, Mumbai to London, and Delhi to Dubai and are now looking at slots to be distributed by the government on these routes, IANS cited official sources.
SpiceJet and Air India are aiming for flights to Dubai while Air India is also interested in increasing number of flights on Mumbai-London route. Another route being eyed by airlines is Delhi-Singapore, a private airline executive said. However, the rights would be given to airlines on a “temporary basis”, the executive added.
04/05/19 Financial Express
0 comments:
Post a Comment