Five new SpiceJet flights from Sunday, Bhopal connects with Surat & Udaipur

Bhopal: Sunday will be a historic day for Raja Bhoj airport Bhopal when SpiceJet would introduce five new flights for different destinations.
SpiceJet would operate five flights from Bhopal to Delhi (two flights), and one each for Mumbai, Udaipur and Surat.

At present, SpiceJet operates to Hyderabad and Bangalore via Shirdi. While Air India, Jet Airways, IndiGo and SpiceJet are the airlines that operate from Bhopal.

Director Bhopal airport, Anil Vikram confirmed to TOI that five new flights will be start from March 31. “The new flights will connect four cities. This is an important development for the city,” said Vikram. About the schedule of the new flights, he said, “We will provide it later.”

SpiceJet had started operations from Bhopal’s Raja Bhoj earlier this year in January.

Spice Jet has deployed its Bombardier Q400 aircraft for all newly announced routes which are specifically designed for business travellers to facilitate a same-day return journey.

Last year, SpiceJet had announced Bhopal as its 50th domestic destination with the introduction of direct flights connecting Bhopal with Jaipur, Ahmedabad, Hyderabad, Shirdi and Bengaluru via Shirdi. Earlier, Bhopal had direct flights only to Delhi and Mumbai. Later, Jaipur and Ahmedabad have been discontinued.

According to airport officials, SpiceJet also started parking two flights daily at Bhopal airport.

In the recent past, airlines had demanded reduction in VAT on ATF on a regular basis. Since ATF constitutes around 40% of overall cost of running a flight, airlines have been requesting the state government to reduce VAT.
31/03/19 Ramendra Singh/Times of India

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SpiceJet launches 14 new UDAN flights

Low-cost carrier SpiceJet on Sunday announced 14 new UDAN flights connecting the unserved market of Jharsuguda and the underserved markets of Kishangarh and Lakhimpur to key metros and cities, commencing operations from today.

The regional connectivity scheme UDAN (Ude Desh ka Aam Nagrik) aims at connecting unserved and underserved airports and making flying affordable.

The new routes under the scheme are Kishangarh-Ahmedabad-Kishangarh, Lakhimpur-Guwahati-Lakhimpur, Jaipur-Amritsar-Jaipur, Delhi-Jharsuguda-Delhi, Hyderabad-Jharsuguda-Hyderabad, Kolkata-Jharsuguda-Kolkata and Bhopal-Udaipur-Bhopal.

Additionally, it launched 14 other domestic flights, directly connecting metros and non-metros. These routes are Mumbai-Bhopal-Mumbai, Mumbai-Gorakhpur-Mumbai, Chennai-Patna-Chennai, Delhi-Bhopal-Delhi (two new flights), Jaipur-Dharamshala-Jaipur and Surat-Bhopal-Surat sectors.

Flights on all the routes will be operated daily except on the Ahmedabad-Kishangarh-Ahmedabad sector and the evening flight on the Delhi-Bhopal-Delhi sector which will fly on all days except Sunday.
31/03/19 CNBC TV18

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Jharsuguda Airport Back In Business With SpiceJet

Jharsuguda: SpiceJet will from Sunday start regular flights from the newly-built Veer Surendra Sai Airport in Jharsuguda, where operations had been suspended for over five months.

The flight is part of Government of India’s Regional Connectivity Scheme ‘UDAN’.

SpiceJet will deploy the 198-seater Boeing 737-800 on the Jharsuguda-Delhi-Jharsuguda sector and the 78-seater Bombardier Q400 on the two other UDAN sectors of Jharsuguda-Hyderabad-Jharsuguda and Jharsuguda-Kolkata-Jharsuguda.

According to the schedule, the airline will have three flights from VSS Airport. The first flight will leave for New Delhi at 3.40pm, the second to Hyderabad at 4.10pm and the third to Kolkata at 8.40pm.

Prime Minister Narendra Modi inaugurated Jharsuguda airport on September 22. Air Odisha started flights but suspended operations in arounf 15 days citing losses.
31/03/19 Odishabytes.com

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Indigo to reap maximum benefit as Jet Airways, SpiceJet woes mount

IndiGo, the largest domestic carrier, is poised to reap the maximum benefit in terms of market share and better yields, as domestic airlines’ capacity has contracted sharply due to grounding of aircraft by Jet Airways and Boeing 737 Max fleet of SpiceJet, analysts maintain. Domestic traffic growth at 5.6% year-on-year was at 53-month low during February as aircraft groundings and repair work at second-busiest Mumbai airport kept airfares high.
Fares on key metro city routes have been up by around 25% y-o-y due to curtailed capacity of the carriers in March. Due to rise in airfares following cost escalations in H1FY19, the domestic passenger growth has significantly lagged behind the capacity expansion by airlines so far this fiscal.

According to analysts, domestic aggregate passenger growth has been lower than the capacity growth in 9 out of the first 11 months of FY19. “It (the imbalance) intensified over the past 2-3 months as prices remained firm in the face of ex-IndiGo capacity contraction due to grounding of Jet and MAX fleet,” analysts at ICICI Securities noted. While IndiGo has reduced its flying schedule by more than 30 flights per day, its low-cost rival SpiceJet was forced to ground 12 Boeing 737 Max aircraft over safety concerns this month. Cash-strapped Jet Airways is flying just 35 aircraft from fleet of 119 planes due to groundings by lessors for non-payment of rentals.
29/03/19 Financial Express

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Belagavi’s first UDAN flight to take off on May 1

Belagavi: After a long wait, the first flight under UDAN-3 scheme will take off from Belagavi on May 1. SpiceJet will launch the flight under the Centre’s ambitious regional connectivity scheme between Belagavi and Hyderabad. This flight will be operated every day between the two cities.

According to sources, flight SG-3734 will depart Belagavi’s Sambra airport at 5.55 pm and touch down at Hyderabad at 7.10 pm on all the days of the week. On the return journey, SG-3733 (SpiceJet) will depart Hyderabad at 4.10 pm and arrive at Belagavi at 5.35 pm. SpiceJet has offered minimum airfare for the one-way route at `2,714.Bookings for the first UDAN flight have begun.
29/03/19 New Indian Express

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Pilots object to SpiceJet’s decision to make in-flight announcement

Budget carrier SpiceJet’s decision to make in-flight announcements about scores and updates from IPL matches has not gone down well with the pilots, who fear that such announcements by them will distract them from their primary flying duty and endanger flight safety.
Rajnish Bhalla, Deputy Chief Pilot, Line Operations of Boeing 737 aircraft, sent out an email to all SpiceJet pilots, asking them to start making the IPL announcements on the 4 pm and 8 pm flights for “cricket loving Spicejetters” from Tuesday evening. The announcements will be made on 134 flights till May 5.
“The captain is required to ensure at least one announcement is made in flights less than 60 minutes and at least two announcements in flights more than one hour. Announcement is not required for international flights,” said Bhalla’s email, which also contained a schedule of 4 pm and 8 pm matches, and a sample announcement sheet.
The sample announcement from the pilots will mention the teams playing, the stadium name, who won the toss and chose to bat or bowl and what is the score after so many overs. These updates would be provided by the dispatch team on the ground through VHF sets and will be manned by an exclusive staff, who will radio it when the pilots ask for updates, the email said.
The captain will also have to sign a debriefing sheet, mentioning the time and the flights where the announcements are made.
Objecting to the directives, a SpiceJet pilot said, “Pilots are always under pressure. For their commercial interests, the company is forcing pilots to make unnecessary announcements, affecting the flight safety and distracting the captain from flying.”
28/03/19 Satish Nandagaonkar/Mumbai Mirror

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Three months after launch, airlines discontinue 2 flights

Allahabad: Local residents wanting to travel to the national capital and other cities via air would now have fewer options to choose from after SpiceJet and Air India decided to discontinue flights connecting Allahabad to Delhi and Kolkata respectively.
 The flights started operations in January ahead of Kumbh-2019. While the SpiceJet flight was a direct one, Air India offered one between Delhi and Kolkata with Allahabad as a stopover. During the 2013 Mahakumbh, the two airlines had introduced flights between Delhi and Allahabad , only to discontinue them later.
 In 2013, SpiceJet and Air India launched flights between Allahabad and Delhi for over three months, but discontinued them once the religious congregation ended. Organised at a 3,200 hectare ground in the city, the Kumbh-2019 commenced on January 15 and ended on March 4.
According to Airports Authority of India (AAI), Allahabad unit, as many as 68,721 people flew in and out of the newly inaugurated civil terminal at Bamrauli Airport during January and February this year. AAI officials said that 868 flights landed and took off from the civil terminal during the two-month period, including those operated by private and commercial airlines.
As per the air traffic data collected by AAI for the civil terminal, 163 flights landed and took off in January. The figure comprised 59 Air India flights, 52 by Jet Airways (under the regional connectivity scheme or RCS) and, 26 each by SpiceJet and Indigo under RCS. In February, 168 flights landed and departed at the civil terminals and the four airlines together ferried 36,524 passengers.
27/03/19 Times of India

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Flight to Ahmedabad from Dubai lands without 72 bags

Ahmedabad: Travelling from Dubai to Ahmedabad on Sunday night, via SpiceJet flight SG-16, was a tiring affair for Niraj Kelkar (name changed) and his family.
 “Our flight was delayed by close to five hours and by the time we landed at the Sardar Vallabhbhai Patel International (SVPI) Airport in Ahmedabad, it was around 4am. My parents and kids were tired and all we wanted was to take our luggage and get home to get rested. But the wait at the baggage belt was endless,” he said.
Niraj was not alone. There were several other passengers, tired and drowsy, waiting for their luggage to arrive. Over half an hour later, when they enquired with the airline, they learnt that their baggage had not been loaded from Dubai. When asked, SpiceJet officials confirmed that some 72 baggage pieces did not arrive at the city airport due to payload restrictions.
“Till we enquired, we were completely caught unawares of the fact that our bags haven’t arrived. The airline’s representatives at the Ahmedabad airport made us fill in a form and we left for home. We were told our bags would be delivered at home,” said Kelkar.
 “Flight SG-16 operating on March 24 from Dubai to Ahmedabad had to fly without 72 pieces of baggage due to restricted takeoff weight. This is a normal industry practice followed when there is a payload restriction,” said a statement issued by the airline.
 27/03/19 Niyati Parikh/Times of India

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Naresh Goyal's resignation wake-up call for policy makers: SpiceJet

New Delhi: Jet Airways founder and chairman Naresh Goyal and his wife Anita Goyal’s resignations is a wake-up call for policy makers as aviation sector requires to address structural challenges, the SpiceJet said on Monday.
 “This is also a wake-up call for Indian policy makers. We urgently need to address structural challenges that make India’s airlines uncompetitive to airlines around the world,” SpiceJet chairman and Managing Director Ajay Singh said in a statement.
 He said today is indeed a sad day for Indian aviation. By launching a truly world class airline, Naresh and Anita Goyal have made India proud.
 25/03/19 UNI

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200 Jet Airways pilots may switch to SpiceJet, IndiGo cockpits

Naresh Goyal's possible departure notwithstanding, Jet Airways may be headed for more trouble as over 200 pilots may resign depending on the outcome of the March 25 board meeting. Its pilots have offers from SpiceJet or IndiGo, sources told Moneycontrol. The airlines have promised pilots a base city of their choice, besides a two-month base salary as a joining bonus, they stated.

The pilots may be inclined to take up the SpiceJet offer as the airline's aircraft mix is similar to that of Jet Airways. On the other hand, accepting an IndiGo package means the pilots will have to undergo retraining, which may require them to sign a three-year bond to service the carrier, sources said. IndiGo, which has been expanding its fleet at a rate never seen before in the industry, is facing a shortage of pilots, mainly captains.

About 260 pilots, including 150 captains, attended interviews organised by SpiceJet in Mumbai last week for Boeing 737 rated captains, non-type rated captains and first officer with frozen airline transport pilot licence (ATPL).

Jet Airways has a Rs 8,000 crore debt and has not been able to furnish instalments for loan repayment, which led to the grounding of over 75 aircraft in its fleet. Many of its pilots have got truncated rosters in March.

The financial woes have also led to non-payment of pilot salaries. The distressed airline, which is urgently seeking a resolution plan to overcome serious liquidity crunch, has been delaying salaries to its pilots. At present, a major chunk of the December salary, and that of January and February are pending. In fact, the pilots have threatened to stop flying from April 1, if the dues are not cleared by March-end.
25/03/19 Prince Mathews Thomas/Moneycontrol.com

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SpiceJet to attend Boeing fix session

New Delhi: Boeing, which is due to release a software patch for an anti-stall system in the B737 MAX planes, has invited SpiceJet and other global airlines and regulators to meet it for a session on the steps taken before putting the planes back to commercial use.

SpiceJet confirmed it has got the invite from Boeing. But India’s Director General of Civil Aviation said it had not yet received any such invite.

“We have got the invite from Boeing for the informational session….we are sending out senior representatives for the meeting,” a SpiceJet spokesperson said.

The session at Renton, Washington, on Wednesday is part of a plan to reach out to all current and many future 737 MAX operators and their home regulators to discuss software and training updates for the jet, Boeing said in a statement.

However, officials at the DGCA said they were not aware of any such session. When asked whether any Indian carrier had been invited for the event, the official said, “that’s between them”.

Jet Airways did not state if it had been invited or not by the US manufacturer.

Two of India’s biggest airlines, SpiceJet and Jet Airways, have so far taken delivery of 18 B737 Max 8 planes. Five of the planes, which were part of Jet Airways’ fleet, had been grounded by lessors for the non-payment of dues. The regulator has grounded the remaining planes on safety considerations.

The two carriers are awaiting the delivery of a total of 362 Boeing 737 Max planes, which are slated to be delivered over the next decade, according to airline executives.

According to reports, on Saturday, pilots from the three American carriers that fly the Boeing 737 MAX planes tested software changes developed by the company to a key stabilisation system.

The changes are intended to decrease the chances of triggering the Manoeuvering Characteristics Augmentation System (MCAS), which is believed to have played a role in the two crashes in the past five months.
25/03/19 Telegraph

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SpiceJet gains 26% in 4 days as Jet struggles

Mumbai: As problems in cash strapped Jet Airways deepens, investors are favouring stocks of its competitors -- SpiceJet and IndiGo -- betting that they will have a larger market share. Accordingly, stocks of SpiceJet rose over 14 per cent on Friday and have been rising for the last four sessions gaining 25.93 per cent. Similarly, IndiGo's scrip gained 10 per cent in the last four sessions. "SpiceJet shares are favoured as they have proposed to operate 40 aircraft grounded by Jet Airways," said Deepak Jasani of HDFC Securities.
"IndiGo and SpiceJet shares are also gaining as a number of flights are being cancelled by Jet Airways."
Earlier in the week, around 260 of Jet Airways' pilots have applied to join SpiceJet even as investors like public sector banks struggle to stitch a rescue plan for the airline.
Over 70 per cent of Jet Airways aircraft have been forced to ground over due to non-payment of amounts outstanding to lessors.
Besides, industry sources have said that lessors are offering 50 of its Boeing aircraft to SpiceJet.
23/03/19 IANS/Sify

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New Delhi-bound SpiceJet flight returns to Chennai after developing technical problem

Chennai: A New Delhi-bound SpiceJet flight carrying 182 passengers returned back to the airport here after flying for over an hour, following a technical problem, officials said Saturday.

According to the airline's website, flight SG104 had taken off at 7.00 am and the pilot decided to return due to the technical problems and landed the plane at 8.10 am.

The aircraft later resumed its journey at 10.00 am after the issue was sorted out and safely landed at 1.10 pm in New Delhi, the airline added.
23/03/19 PTI/New Indian Express

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New Delhi-bound flight returns to Chennai after developing technical problem

Chennai: A New Delhi-bound SpiceJet flight carrying 182 passengers returned back to the airport here after flying for over an hour, following a technical problem, officials said Saturday.
According to the airline's website, flight SG104 had taken off at 7.00 am and the pilot decided to return due to the technical problems and landed the plane at 8.10 am.
The aircraft later resumed its journey at 10.00 am after the issue was sorted out and safely landed at 1.10 pm in New Delhi, the airline added.
23/03/19 PTI/Economic Times

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After grounding 12 Boeing aircrafts, Spicejet in talks to add more planes to its fleet

SpiceJet on Friday said it was in discussion with various lessors to bring in more planes into its fleet.
The no-frills airline has grounded 12 Boeing 737 MAX aircraft following regulatory directives earlier this month.
"In order to cater the gap from the reduced fleet size due to grounding of Max fleet, the company is in discussion with various lessors globally to induct aircraft in its fleet," it said in a filing to the BSE.
The clarification came amid reports that the airline is in talks to lease some grounded planes of Jet Airways.
Earlier this month, the Directorate General of Civil Aviation (DGCA) ordered grounding of Boeing 737 Max 8 aircraft.
The decision came days after a 737 MAX 8 aircraft operated by the Ethiopian Airlines crashed in Ethiopia, killing 157 people.
22/03/19 PTI/India Today

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IndiGo staff resent offers for Jet Airways pilots; SpiceJet holds interviews

Mumbai: The harried pilots of Jet Airways, which is on the brink of shutting down operations, have now approached SpiceJet seeking employment.

Jet Airways pilots had earlier been wooed by IndiGo with compensation for their pending salaries and other benefits, leading to murmurs of protest from its own pilots. Jet Airways, the largest airline in India, has been facing acute shortage of cockpit crew, leading to cancellation of hundreds of its flights last month.

Jet Airways pilots, along with engineers and senior management, have not been paid for more than three months now as the airline is facing its worst existential crisis since its inception a quarter of a century ago. Gurugram-based SpiceJet, which had all its 12 Boeing 737 MAX planes grounded following the crash of an Ethiopian Airlines plane early this month, is looking to hire pilots for its expansion plans, and conducted walk-in interviews on Wednesday.

"As many as 260 Jet pilots, including 150 captains, appeared for the interviews in Mumbai today [Wednesday]," a SpiceJet source said.

Unlike IndiGo, which owns a fleet predominantly consisting of Airbus A320s, SpiceJet has Boeing 737s in the fleet. The majority of Jet Airways pilots are trained and type-rated for Boeing planes, the source said.

IndiGo is offering jobs to Jet Airways pilots, along with compensation for overdue salaries from the full-service airline. It can be noted that pilots at full-service carriers get higher pay and other benefits.

With no assurance on the payment of their pending salaries, Jet Airways pilots had on Tuesday warned that they would stop flying from April 1 if the management failed to provide clarity on the revival plan along with a deadline to clear their salary dues by March 31.

According to IndiGo, all job offers are in line with its current terms and conditions. But its own pilots have termed the move to hire Jet Airways pilots as an "injustice" and "unacceptable". "They are taking us lightly. Offer to Jet Airways pilots is sheer injustice to us as they're being offered a two-month bonus along with same-designation salary," argued an IndiGo source.

Moreover, they have also been allowed to choose their operational base, which is unacceptable to the IndiGo pilots, the source added. Questions sent to IndiGo chief operating officer Wolfgang Prock-Schauer and also to its spokesperson did not elicit any response.
21/03/19 PTI/The Week

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More than 200 Jet Airways pilots look to board SpiceJet as IndiGo captains seek to abort their entry

The harried pilots of Jet Airways, which is on the brink of shuttering operations, have now approached SpiceJet seeking employment.

Jet Airways pilots had earlier been wooed by IndiGo with compensation for their pending salaries and other benefits, leading to murmurs of protests from its own pilots.

The largest airline has been facing acute shortage of cockpit crew, leading to cancellation of hundreds of its flights last month.

Jet pilots along with engineers and senior management have not been paid for more than three months now as the airline is facing its worst existential crisis since its inception a quarter of a century ago.

The Gurugram-based SpiceJet, which has all its 12 Boeing Max planes grounded following the crash of an Ethiopian Airline plane early this month, is looking to hire pilots for its expansion plans, and has also conducted walk-in interviews here, Wednesday.
"As many as 260 Jet pilots, including 150 captains, appeared for the interviews in Mumbai today," a SpiceJet source said.

Unlike IndiGo, which flies majorly Airbus 320s, SpiceJet has Boeing 737s in the fleet. On the other hand it can be noted that majority Jet Airways pilots are trained and type-rated for Boeing planes, the source said.

IndiGo is offering jobs to Jet pilots along with compensation for overdue salaries from the full service airline. It can be noted that pilots at full-service carriers get higher pay and other benefits.

With no assurance on the payment of their pending salaries, Jet pilots had Tuesday warned that they would stop flying from April 1 if the management failed to provide clarity on the revival plan along with a deadline to clear
their salary dues by March 31.
According to IndiGo, all job offers are in line with its current terms and conditions. But its own pilots have termed the move as "injustice" and "unacceptable".

"They are taking us lightly. Offer to Jet Airways pilots is sheer injustice to us as they're being offered a two-month bonus along with same designation-salary," argued an IndiGo source.

Moreover, they have also been allowed to choose their operational base, which is unacceptable to the IndiGo pilots, the source added.
21/03/19 PTI/CNBC TV18

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Desperate gamble? SpiceJet tapped to save jobs at Jet Airways, say sources

The Union government is mulling options to save jobs at Jet Airways including asking low-cost carrier SpiceJet to consider taking over some of the debt-laden company’s aircraft, people with knowledge of the matter said.

The proposal involves SpiceJet, led by Chairman Ajay Singh, acquiring as many as 40 of Jet Airways’ grounded planes that are owned by lessors, one of the people said, asking not to be identified as discussions are preliminary. The government has also reached out to other carriers, the person said.

Prime Minister Narendra Modi is keen to avoid the collapse of an airline that employs about 23,000 people, weeks before elections. The need to save jobs at the beleaguered carrier became urgent this week after lenders led by State Bank of India failed to convince Etihad Airways PJSC, which owns 24 per cent of Jet Airways, to infuse funds into the Indian carrier.

Jet Airways has amassed about $1.1 billion of debt and has fallen behind on paying loans and salaries. Once India’s second-biggest airline it has been forced to ground almost two-thirds of its fleet because of its inability to pay lessors. Earlier today an Indian government official said they were trying to revive Jet Airways by changing its management but any decision on the carrier’s future will be a commercial decision by the lenders.

Both SpiceJet and Jet Airways operate Boeing Co.’s 737 planes making it feasible for the budget carrier to fly the aircraft. SpiceJet, which had cash of about $15 million as of Sept. 30, will initially operate a two-class configuration of business and economy under the SpiceJet brand, one of the people said. Lessors have been in discussion with SpiceJet to take over the planes, the person said.
21/03/19 Bloomberg/New Indian Express

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Jet Airways' lessors offer 50 grounded Boeing aircraft to SpiceJet: Sources

Lessors of beleaguered Jet Airways have offered 50 of the airlines’ new generation Boeing 737 aircraft to budget carrier SpiceJet even on short-term leases of up to three years, Moneycontrol has learnt.

Top sources in SpiceJet told Moneycontrol that the lessors have offered the aircraft on dry lease in order to avoid grounding of these planes in wake of ailing financial health of Jet Airways. A dry lease is a situation where the lessor provides aircraft to an airline without any crew or ground staff member.

SpiceJet is in need of 12 new aircraft after the aviation safety watchdog, Directorate General of Civil Aviation (DGCA), decided to ground Boeing 737 Max planes owing to safety concerns. The aircraft model was involved in two fatal accidents within a span of six months killing 346 people in all.

The budget carrier has, so far, received two replacements on lease from a Turkish Airline, sources said.
Lessors of Jet Airways, sources say, fear payment uncertainty owing to the financial crunch in the company.

Jet Airways is reeling under a debt of over Rs 8,000 crore has been defaulting on loan re-payment and interest thereof. It has grounded a total of 60 aircraft so far and is operating with half its fleet. This has led to numerous flight cancellations, consequently leading to soaring airfares.

India's second-largest carrier, which is facing is worst ever debt crisis in 25 years, has delayed payments to its pilots, suppliers and lessors for months and defaulted on loans subsequent to an intense competition, weak rupee and rising fuel costs.
19/03/19 Nikita Vashisht/Moneycontrol.com

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Boeing 737 Max to dent SpiceJet, Jet Airways earnings? Is Indigo clear winner here? Analysis of this aviation situation

Mumbai: Boeing 737 Max family which was launched to become a success story of their maker and change the way a passenger travels through air, has now started to give sleepless nights to the aviation industry across the globe. Back in India, the impact of this Boeing 737 Max has emerged to be a serious business dampener, after two fatal plane crashes carrying 737’s Max 8 jet. The 737 Max 8 was the first to take off in the Boeing’s 737 Max family, and this engine which spells out classic body, spacious seats, LED inside roof, silent engines and highly advanced system has now become least favorite. Reason pilots are finding it difficult to fly, and two crashes have cost many lives. This has led many customers ban the Boeing 737 Max jets, with that said, domestic airlines SpiceJet and Jet Airways are among them. Now because SpiceJet and Jet Airways have quite a hefty number of 737 Max, the grounding will put an effect in their earnings. While these two airlines will be struggling, it is now clearly expected that another airline namely Indigo will be a winner with more passenger growth and hence good profit ahead.

Two airlines,  first Lion Air Flight 610 in October 29,2018, and second Ethiopian Airlines Flight 302  on March 10,2019, crashed just few minutes after take off resulting in with no survivors. Similarities between these two crashes were that, both crashed within few minutes of take off, both pilots struggled to gain altitude, both planes ascended and descended several times before nosediving.

While the investigations are still going on of both the airlines, Boeing 737 Max has been grounded from countries like like China, South Africa, Morocco, Poland, Ethiopia, Singapore, Indonesia, Netherlands, Mongolia, Argentina, Cayman Island,  Iceland, Ireland, France, Malaysia, Germany, Oman, UK and India have grounded this jet.

In India, SpiceJet and Jet Airways alone have 116 and 125 of Boeing 737 Max 8.
Jal Irani and Vijayant Gupta analysts at Edelweiss Securities said, “We expect yields to remain strong as on the supply-side not only would Boeing 737 Max additions remain frozen in the foreseeable future, JetAirways has permanently sold 16 of its owned planes in addition to short-term grounding by lessors.”
19/03/19 Pooja Jaiswar/ZeeBiz

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