Other carriers to fly in to occupy Jet Airways airspace

The Directorate General of Civil Aviation (DGCA) has begun farming out flight slots left unused by Jet Airways to other carriers, which will come as a boost for rivals with demand set to rise and possibly moderating fares that have surged.

The slots are being allocated for flights between April 16 and July 15, covering the peak summer travel season, when demand for leisure travel swells. That follows talks among airlines, the aviation regulator and airports in the past week, said people with knowledge of the matter. Financially battered Jet has grounded more than 75% of its planes, creating a gap of more than a million seats between January and March, which has seen ticket prices shoot up. On top of that, Boeing 737 Max planes have been grounded following crashes in Indonesia and Ethiopia.