Seoul: The grounding of Jet Airways has robbed the Indian aviation market of its sheen with Star Alliance not seeing the need for a second carrier from the country as its member, said the top executive at the global airline body.
“We need to see how fast the Indian market is going to grow. In the past 52 months, the Indian market has seen a double-digit growth every month. But this has gone down to single digit now and we got to be mindful as to how that market is trending and not to kind of integrating a member just for the sake of integrating it,” said Star Alliance chief executive Jeffrey Goh on the sidelines of the annual general meeting of the International Air Transport Association (IATA). This is a shift from the organisation’s earlier stance, when it had felt that the Indian market was big enough to be represented by two airlines and had pushed for Jet Airways.
Jet, once the country’s biggest private airline, suspended all its operations in April due to financial mess, despite India posting the world’s fastest growth in air traffic for about five years. Jet’s demise has raised questions about the sustainability of the Indian aviation market which, many analysts now feel, is the lowest-yield market in the world.
02/06/19 Mihir Mishra/Economic Times
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“We need to see how fast the Indian market is going to grow. In the past 52 months, the Indian market has seen a double-digit growth every month. But this has gone down to single digit now and we got to be mindful as to how that market is trending and not to kind of integrating a member just for the sake of integrating it,” said Star Alliance chief executive Jeffrey Goh on the sidelines of the annual general meeting of the International Air Transport Association (IATA). This is a shift from the organisation’s earlier stance, when it had felt that the Indian market was big enough to be represented by two airlines and had pushed for Jet Airways.
Jet, once the country’s biggest private airline, suspended all its operations in April due to financial mess, despite India posting the world’s fastest growth in air traffic for about five years. Jet’s demise has raised questions about the sustainability of the Indian aviation market which, many analysts now feel, is the lowest-yield market in the world.
02/06/19 Mihir Mishra/Economic Times
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