AirAsia, Vistara cash in on crisis-hit Jet Airways slots, launch 11 flights
Tata-group owned airlines AirAsia India and Vistara have announced 11 new flights from Mumbai after the airport operator released unused slots belonging to Jet Airways. The slots have been released to the airlines on a temporary basis.
Private airport operators in Mumbai and Delhi and the Airports Authority of India have held several rounds of discussions with other airlines to fill up the capacity shortage caused due to grounding of Jet Airways fleet. While reduction of flights led to a hike in fares, it affected airports too. Fewer flights means lower revenue by way of landing fees and less passenger footfalls
Over 70 per cent of the airline’s fleet has been grounded, leading to massive cancellations. Jet has been a dominant carrier in Mumbai and its daily departures are down to 24 from the earlier 140. Delhi airport, too, is finalising the issue of slots belonging to Jet.
