Boeing 737 Max grounding, non-revival of Jet may drag down passenger growth to 4 pc in FY20: Crisil

Non-revival of Jet Airways, coupled with grounding of the Boeing 737 Max planes, is expected to drag down domestic passenger growth to 3-4 per cent in 2019-20 as against 14 per cent in the previous financial year, rating agency Crisil said on Tuesday.

The domestic traffic data in the April-September period, during which the passenger volume grew a mere 2 per cent, also reflects this estimate, rating agency said in its aviation outlook note.