Friday, May 17, 2019

Jet Airways international routes up for grabs today, could be the final blow

New Delhi: The Union Ministry of Civil Aviation will reallocate Jet Airways’ international slots to other airlines at a meeting Friday, landing a fresh blow to the besieged private carrier amid dimming hopes of its revival.

Since the cash-strapped and debt-laden airline suspended operations last month, over 85 aircraft of its fleet of 119 have been de-registered — which means lessors with unpaid dues have been allowed to lease them to other airlines.

The order for 10 Boeing planes has been cancelled, the airline has lost its domestic slots, and several members of its brass — including the chief operating officer, company secretary and even the chief executive officer — have resigned.

Meanwhile, there’s been no healthy bid from investors to get India’s oldest private airline back in the sky.

The reallocation of Jet Airways’ international routes will be discussed at a meeting Friday, with Air India, the country’s flag carrier that is itself grappling with debt but still running, likely to get the bulk of the slots.
17/05/19 Ifrah Mufti/Print
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