The airlines can use the domestic slots of grounded Jet Airways until September, a report by the Economic Times cited. There is no information on the status of these empty slots after September.
When Jet Airways was grounded on 17 April 2019, Government allocated 480 departure and arrival slots to its competitor airlines for two months – May and July. Now the report citing two unnamed sources says that the allocation has extended till September end.
The Government has already allocated more than 400 international slots to other airlines till September 2019.
SpiceJet received the highest number of domestic slots of Jet Airways’, around 43%. Air India received the maximum share in the international slots.
Although there is no information about the revival of Jet Airways, the grounded airline is currently undergoing insolvency resolution process by the National Company Law Tribunal (NCLT). The process was initiated in response to a plea submitted by the State Bank of India (SBI) over jet Airways’ repeated failure to pay the loan dues. The insolvency process will be completed by September. NCLT has appointed a dedicated team for the procedure. The lenders of Jet Airways tried to find investors before beginning the insolvency process but failed to find a suitable one.
Meanwhile, the first meeting between National Aviators Guild (NAG), the pilot union of Jet Airways and the committee appointed by NCLT did not end amicably. The issues that were discussed in the meeting were regarding the allocation of three training rooms for one month for refreshers; the availability of simulators to for one month in Bengaluru, claim form query, and payment of one month of salary for the existing employees.