Indian Airlines' Fortunes Turn following Jet Airways Failure
by Neelam Mathews - May 28, 2019, 11:50 AM A Jet Airways-configured Boeing 737-800NG now donning the SpiceJet logo prepares to taxi at Delhi International Airport. By Neelam Mathews (copyright) India’s domestic carriers have found a temporary respite in their failing financials and capacity shortfall following the grounding of Jet Airways in mid-April. The reduced capacity and high demand in the market has provided an opportunity for domestic carriers to raise fares. The Jet shutdown has also given access to its slots at space-constrained airports, including Mumbai and Delhi. “Guidelines mandate only airlines that add aircraft have access to those slots,” Vishok Mansingh, director of Mumbai-based consultancy CAV Aero, told AIN . “SpiceJet and Vistara, as a result, have been quick to take Jet Airways aircraft on lease to get the slots.” Jet’s misfortune has advantaged virtually all airlines in India. With 19 Boeing Max 8s grounded, Spiceje...