Thursday, May 16, 2019

IndiGo in no hurry to fill Jet Airways' space in European market

India's largest air carrier IndiGo may not be in a tearing hurry to expand its international footprint to Europe and fill the gap created by the suspension of Jet Airways' operations.

Despite reports that the low-cost airline is looking at 'cut-price business class seats' for the European market, a senior official at IndiGo cautioned that flights to London 'remains an aspiration'.

Though the airline had received slots in London's Gatwick airport and despite reports that flights to the UK capital could begin from March, IndiGo has reviewed its plans.
"We don't want to hurry and go aggressive internationally. Look at Jet Airways, it paid the price," a senior official told Moneycontrol.

The executive recalled how Jet Airways had inducted 24 medium and long haul aircraft within two years, but was unable to deploy them profitably. "These included Airbus 330 and Boeing 777 aircraft. These were deployed in routes that were not profitable, and some of these were later stopped," the official said.

Jet Airways, which suspended its operations on April 17, used to have a Mumbai-Shanghai-San Francisco flight. But that ran for less than a year and was stopped in January 2009. Though there were plans to resume the services in 2016, it didn't fructify.
16/05/19 Prince Mathews Thomas/Moneycontrol.com

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