Jet Airways likely to lose flying rights on foreign routes; Government to allot rights to other airlines

With hundreds of employee of Jet airways gathered together at Indira Gandhi International Airport to celebrate 26th anniversary of the airlines on Sunday, the airline is being unable to find new owners and investor leading Indian government to distribute its flying rights.

The Indian government is set to start distributing the rights from end of next week with other airlines placing request to acquire the rights of the airlines destinations.

The airline had daily flights to Europe, South East Asia and West Asia and the grounding has resulted in reduction of capacity and increase of fares on international routes including in Nepal.

With the traffic being rarely utilized, the flying rights is set to be distributed to other airlines.

Indian Civil Aviation ministry has asked airlines to put forward the requirement and capacity development plans.

The Indian officials had stated that there is little scope of the airlines revival and the government was still willing to return the slots to private airlines which has currently been given to rivals temporarily.

Before being grounded, the airlines had biggest share of India’s outbound international air traffic, carrying 12 per cent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 per cent a year earlier.

Jet had a fleet of more than 120 aircraft but more than half have been de-registered and repossessed by lessors.

Spice Jet, Mumbai-budget carrier is preparing to operate scheduled flights between Delhi-Kathmandu air routes. IndiGo used to operate 1 flight daily, however, the carrier has asked approval of operating 2 flights daily from the authorities. Nepal Airlines Corporation has also increased flights to New- Delhi.

The rate of air ticket of Kathmandu-Delhi route has increased three times with the cancellation of flights by Jet airways.

The airline halted operations on April 17 after its lenders refused to provide further funds to keep it afloat

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