Monday, December 02, 2019

Government should protect 'historical rights' of Jet Airways over its slots: Employee consortium

New Delhi: The Jet Airways' Employees Consortium on Thursday said the central government should protect the airline's "historical rights" over its slots and encourage the National Infrastructure Investment Fund to invest in the full-service carrier.

After Jet Airways ran out of funds, it had shut down operations on April 17 and this led to a sudden rise in domestic and international airfares.

Consequently, the Centre decided to temporarily allocate the slots as well as international flying rights of Jet Airways to other airlines to start new flights to fill the supply gap.

A slot is a date and time on which an airline's aircraft is permitted to depart or arrive at an airport.

In a press conference, Amit Kelkar, Vice President, Jet Aircraft Maintenance Engineers Welfare Association (JAMEWA) said the central government should increase the FDI (foreign direct investment) limit in scheduled airlines through automatic route to expedite the resolution plan of the defunct carrier.

He was reading out the statement of Jet Airways' Employees Consortium.

The Jet Aircraft Maintenance Engineers Welfare Association is a part of the airline's employees consortium.

On September 16, the lenders to Jet Airways made a presentation to the South American conglomerate Synergy Group, which has reportedly emerged as sole potential buyer of the bankrupt airline.

The Centre's current policy on civil aviation sector does not permit foreign airlines to have more than 49 per cent equity ownership.
02/12/19 New Indian Express
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