INSUBCONTINENT EXCLUSIVE:
re-allocating the airline's foreign traffic rights to rival carriers such as Air India, SpiceJet and IndiGo.A meeting was held on Friday
Civil aviation secretary Pradeep Singh Kharola chaired the meeting which was attended by officials of Directorate General of Civil Aviation
(DGCA) and senior airline executives.The move suggests government wants local carriers to deploy capacity on international routes from where
Jet Airways has withdrawn operations due to severe fund crunch.While reallocation of traffic rights would ensure additional capacity on
various popular foreign routes thus reducing fare level, it will significantly affect the valuation of Jet Airways.Official sources told
IANS that local carriers have set sight on lucrative routes such as Mumbai-London, Delhi-Dubai and Mumbai-Paris and want the government to
distribute slots for these sectors."Both Air India and SpiceJet want rights for operating flights to Dubai
Air India is very keen to mount capacity on Mumbai-London
Delhi-Singapore is another route for which carriers want the slots," said executive of a private airline."The traffic rights would be given
on temporary basis to other airlines," he said.The ministry has asked airlines to give their fleet induction plan so that a fair decision on
giving traffic rights could be taken."Ministry is expected to take a decision on temporary allocation of rights in 2-3 days," the executive
said.So far, Ajay Singh-led SpiceJet has got lion's share of Jet Airways' slots to operate domestic flights
It has considerably scaled up operations from Mumbai and Delhi, the erstwhile strongholds of grounded Jet Airways
The airline has announced 77 flights since April 1 which includes 48 flights connecting Mumbai, 16 flights connecting Delhi and 8 flights
between Mumbai and Delhi.IANS had first reported on April 15 that SpiceJet and Air India had shown keen interest to operate flights on
lucrative India-Dubai sector
Later, Air India proposed to operate flights on Mumbai-London, Delhi-Singapore and Delhi-London among few others.The Ministry of Civil
Aviation last month formed a committee comprising aviation regulator DGCA, Airports Authority of India (AAI) and private airlines to
reallocate Jet Airways' unused slots.The ministry has reiterated that slot allocation is temporary and for three months maintaining that
historic rights of Jet Airways will be protected
The preference would be given to those carriers which bring additional aircraft."These slots would be made available to Jet Airways, as and
when they revive their operations, as per the extant guidelines," a ministry statement had said on April 23.Prospective investors and
employees of Jet Airways have expressed concern over government's move to re-allocate slots and foreign traffic rights of the airline
arguing it will dampen the interest level in the company.Facing severe financial crisis, Jet Airways had on April 17 announced temporary
suspension of its flight operations
The airline continues to be grounded and its revival depends on fresh fund infusion by investors.Get the latest election news, live updates
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