New Delhi: Distressed airline Jet Airways (India) Ltd. halting its entire operations from Wednesday night for want of funds is set to rattle India’s aviation ecosystem with its adverse impact on other business in the value chain as well as on a large number of jobs. It is also set to have a ripple effect on market competition, fares and the travel experience as rivals struggle to cater to a sudden availability of market share left behind by Jet.
To ensure that there is a plan in place to protect the aviation ecosystem from Jet’s failure and to attempt to bridge the capacity gap, aviation regulator the Directorate General of Civil Aviation (DGCA) will meet executives of airline industry and that of airport operators separately on Thursday.
One of the biggest fallouts of Jet’s collapse is the loss of jobs. Industry executives said it is not the people on the rolls of Jet alone who are hit.
