The government on Friday said a rule-based approach would be followed for the allocation of Jet Airways’ lucrative international flying rights, with all the domestic players hankering for a piece of the pie.
The civil aviation ministry will create a transparent standard operating procedure (SOP) to allocate the rights on a temporary basis.
“We had asked airlines to confirm their requirement of (domestic) slots and (international) traffic rights...Their requests have been officially logged in,” civil aviation secretary P.S. Kharola said on Friday.
“Our people will do an analysis now and we will evolve a transparent SOP based on which the rights will be given,” Kharola said. He was speaking to reporters after a meeting with the senior executives of Indian airlines.
Analysts said the move to allot the overseas flying slots was another step to discourage the bidders of Jet from going ahead with their plan to rescue the debt-laden carrier.
According to DGCA data for 2017-18, Jet Airways was the biggest international player among the domestic carriers, with a market share of 13.8 per cent, followed by Air India at 10.4 per cent.
Jet was the second-largest operator in the domestic market after IndiGo.
All carriers have shown interest for Jet’s slots, including IndiGo, Air India, SpiceJet, GoAir and Vistara. But priority in terms of allocation will be given to Air India.
“Air India always gets (international flying rights) the priority,” Kharola said.
He clarified that the allocation of such rights would be temporary and subject to Jet Airways’ revival.
Analysts said Air India was likely to corner the bulk of of the rights to Europe, the US and the Far East. Neither SpiceJet nor GoAir or IndiGo has wide-bodied planes required to operate non-stop long-haul flights to Europe and the US.
18/05/19 Telegraph
To Read the News in full at Source, Click the Headline
The civil aviation ministry will create a transparent standard operating procedure (SOP) to allocate the rights on a temporary basis.
“We had asked airlines to confirm their requirement of (domestic) slots and (international) traffic rights...Their requests have been officially logged in,” civil aviation secretary P.S. Kharola said on Friday.
“Our people will do an analysis now and we will evolve a transparent SOP based on which the rights will be given,” Kharola said. He was speaking to reporters after a meeting with the senior executives of Indian airlines.
Analysts said the move to allot the overseas flying slots was another step to discourage the bidders of Jet from going ahead with their plan to rescue the debt-laden carrier.
According to DGCA data for 2017-18, Jet Airways was the biggest international player among the domestic carriers, with a market share of 13.8 per cent, followed by Air India at 10.4 per cent.
Jet was the second-largest operator in the domestic market after IndiGo.
All carriers have shown interest for Jet’s slots, including IndiGo, Air India, SpiceJet, GoAir and Vistara. But priority in terms of allocation will be given to Air India.
“Air India always gets (international flying rights) the priority,” Kharola said.
He clarified that the allocation of such rights would be temporary and subject to Jet Airways’ revival.
Analysts said Air India was likely to corner the bulk of of the rights to Europe, the US and the Far East. Neither SpiceJet nor GoAir or IndiGo has wide-bodied planes required to operate non-stop long-haul flights to Europe and the US.
18/05/19 Telegraph
0 comments:
Post a Comment