Proving the recovery of the Indian aviation industry after the grounding of Jet Airways, Mumbai airport has reported a come back to its peak capacity in May 2019.
The domestic airlines together registered 9167 departures from Mumbai airport in the month, merely 10% less than the same period last year, reports CNBC18. The data is a clear indication that the other airlines have filled the slots left by Jet Airways.
Mumbai airport witnessed 296 flight movements a day by domestic airlines in May 2019. The count was 300 a day between May 2018 and April 2019. SpiceJet has benefitted the most from Jet Airways’ slots. The airline made 836 additional departures in May 2019, and the count was 1,744 compared with 908 last May.
IndiGo, which boasts of the largest market share, could add only 603 new departures, taking its total count of departures to 3,622 in Mumbai. While Air Deccan operated two departures a day, Air Asia did not have any departures to Mumbai. AirAsia India started Mumbai operations in January 2019, and Air Deccan stopped its flights to Mumbai in September 2018.
Air India had only lesser departures to domestic destinations in May 2019 when compared to May 2018 and is clearly lost in the crowd.
Mumbai airport cannot accommodate more flights. Once the slots of grounded Jet Airways’ are permanently allotted to airlines, many major players may have to consider shifting destination centric flights to Terminal 2.
Meanwhile, the banking consortium led by State Bank of India has filed for the bankruptcy of Jet Airways to recover the pending dues of INR 8500 crores. National Company Law Tribunal has already started the processes, and the first hearing was yesterday. Besides the banks, vendors have to receive nearly INR 10,000 crores from Jet Airways. The airline’s 23,000 employees are not paid since March. The domestic airport slots of Jet Airways are already given to other airlines.