Wednesday, May 17, 2023

Flight tickets remain costly amidst IndiGo's engine shortage and SpiceJet's trouble with lessors

 When you log in to MakeMyTrip or any travel website to book flight tickets, Go First has disappeared and will take time to return, as aircraft lessors oppose its insolvency proceedings and the airline awaits engines from Pratt and Whitney. But a month before the Go First fiasco, India's leading airline IndiGo had cited aircraft shortage as hurdles in its expansion, and has now urged Pratt and Whitney to provide engines to propel its grounded planes back in the airspace.

The impact of Go First's crash landing and turbulence at IndiGo can be seen on ticket rates, as prices for an IndiGo flight from New Delhi to Leh have skyrocketed to almost Rs 40,000.

As IndiGo is struggling to capitalise on Go First's absence due to 25 grounded aircraft, SpiceJet's plans to fill the void are hit by lessors seeking deregistration of planes over unpaid dues.

As SpiceJet sought to lease more aircraft to accommodate flyers left in a lurch by Go First's cancellations, leasing firms Sabarmati, Wilmington and Falgu demanded the deregistration of three planes.

Recently another SpiceJet lessor Aircastle has also told a tribunal that it isn't satisfied by the settlement being offered by the debt-hit airline.

17/05/23 FreePressJournal

To Read the News in full at Source, Click the Headline


Post a Comment