Government extends temporary allocation of Jet Airways’ slots, flying rights to others till December

MUMBAI: The Centre on Tuesday extended the process of temporary allocation of slots and bilateral foreign flying rights of defunct airline Jet AirwaysNSE -4.95 % to other airlines till December, a senior official of the Ministry of Civil Aviation said.

Due to a fund crunch, Jet Airways shut down its operations on April 17, which led to a sudden rise in domestic and international airfares.

Consequently, the Centre decided to temporarily allocate the slots as well as the international flying rights of Jet Airways till September to other airlines, who could immediately launch new flight services and fill the supply gap.