New Delhi: Former partners and rivals of Jet Airways Ltd are launching replacement routes and looking for new codeshare partners as they scramble to fill a lucrative gap left by the collapse of the India’s once-largest international airline.
Jet, which halted operations on April 17 after running out of cash, had a market share of around 12 percent on international flights to and from India in 2018, according to government statistics, outstripping even national carrier Air India.
In Jet’s absence, cash-strapped Air India is the only Indian carrier that operates widebody jets capable of non-stop flights to Europe and the United States, although the Vistara joint venture owned by Tata Sons and Singapore Airlines Ltd has 6 Boeing Co 787s on order due for delivery from next year.
With international airfares spiking by up to 36 percent in May and June according to data from travel portal Yatra.com, Jet’s former partners, Virgin Atlantic and Delta Air Lines Inc, have been among the first to announce new Indian routes to replace ones previously flown by Jet.
“People still want to travel. Foreign carriers are changing their networks and putting more into India if they can,” Association of Asia Pacfic Airlines Director General Andrew Herdman said on the sidelines of an airline industry conference in Seoul.
KLM and sister carrier Air France will boost their capacity in India by 25 percent in the upcoming winter season through the use of bigger planes, higher frequencies and a new Bangalore-Amsterdam route from October.
03/06/19 PTI/Financial Express
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Jet, which halted operations on April 17 after running out of cash, had a market share of around 12 percent on international flights to and from India in 2018, according to government statistics, outstripping even national carrier Air India.
In Jet’s absence, cash-strapped Air India is the only Indian carrier that operates widebody jets capable of non-stop flights to Europe and the United States, although the Vistara joint venture owned by Tata Sons and Singapore Airlines Ltd has 6 Boeing Co 787s on order due for delivery from next year.
With international airfares spiking by up to 36 percent in May and June according to data from travel portal Yatra.com, Jet’s former partners, Virgin Atlantic and Delta Air Lines Inc, have been among the first to announce new Indian routes to replace ones previously flown by Jet.
“People still want to travel. Foreign carriers are changing their networks and putting more into India if they can,” Association of Asia Pacfic Airlines Director General Andrew Herdman said on the sidelines of an airline industry conference in Seoul.
KLM and sister carrier Air France will boost their capacity in India by 25 percent in the upcoming winter season through the use of bigger planes, higher frequencies and a new Bangalore-Amsterdam route from October.
03/06/19 PTI/Financial Express
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