Tuesday, June 18, 2019

Jet Airways loss is Indigo's gain, budget carrier now stands tall with 49% market share

New Delhi: The latest domestic aviation market numbers released by Director General of Civil Aviation (DGCA) reveal that Jet Airways downfall has propelled its competitors in comfortable positions.

The economy air carrier Indigo has been biggest benefactor of Jet Airways grounding.

According to the data released by the DGCA, Indigo has become the new leader with a market share of 49 per cent. The second spot has been taken up by Spicejet with 14.8 per cent market share. Air India has 13.5 per cent, Go Air 11.1 per cent, Air Asia 6.3 per cent and Vistara 4.7 per cent market share, the DGA numbers for May 2019 said.

Indigo, in spite of its recent hiccups in the top management, has managed to score substantial gains. On June 17, the airline announced that it had ordered CFM International LEAP 1A engines to power 280 Airbus A 320 and A 321 neo aircraft. The contract, which includes spare engines and an overhaul support agreements, is valued at more than $20 billion US at list price, read the airline release.

With 93.9 per cent Spicejet had the highest load factor for May. Go Air (93.3) and Indigo (90.9) stood at the second and third place, respectively in this regard.
18/06/19 Pankaj Upadhyay/India Today

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