Jet Airways crisis: Allocation of airline slots to continue till October end

With lenders taking the insolvency route to decide the fate of Jet Airways, the government has extended the allocation of the grounded carrier’s slots to other airlines till October end.

A senior government official told FE that Jet’s domestic and international slots, majority of which are now operated by rival carriers, will be reviewed at the end of the ongoing summer schedule.

“The interim allocation of slots will continue till October end. The insolvency proceedings are expected to take time. Jet will have the first right over these slots in case it gets revived,” the official said.