LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Govt to allocate 440 vacant Jet slots to other airlines

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Thu, Apr 18, 2019
10:40 pm
PTI
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

With Jet Airways suspending operations, as many as 440 slots are vacant at Delhi and Mumbai airports which will be allocated to other airlines in a transparent manner, a senior official said Thursday.

Civil Aviation Secretary Pradeep Singh Kharola also said Jet Airways is expected to provide information next week to the ministry about tickets booked by passengers and how it plans to refund them.

The grounding of planes by Jet Airways has resulted in capacity reduction in the domestic sector, which has also led to a spurt in airfares in many sectors.

The ministry has also asked airlines to keep fares at affordable levels and not indulge in predatory pricing ways.

The ministry on Thursday held separate meetings with airport operators and airlines, where issues related to slots, passengers and fares were discussed.

Kharola Thursday said the 440 slots vacated by Jet Airways at Delhi and Mumbai airports would be allocated to other airlines on an interim basis through a "rational, fair and equitable" manner.

There are 280 vacant slots at Mumbai airport and over 160 at Delhi airport. These two aerodromes are among the busiest in the country.

The slots would be allocated for three months by a committee, comprising officials from the DGCA, Airports Authority of India (AAI) and respective airports.

Kharola also said around 30 more planes would be inducted by various airlines in next three months.

Besides, a decision on 20-30 leased planes of Jet Airways that have been grounded is likely next week as some airlines have expressed interest in taking them, he added.

With the additions, Kharola said there would be a "healthy growth in capacity".

In the last five months, around 75 planes were out of the domestic sector due to groundings by Jet Airways. During the same period, about 58 aircraft were inducted by various carriers, he noted.

Kharola also said that some airlines are in talks with banks for taking wide body planes of Jet Airways.

As per official data, a total of 74 planes have been inducted by carriers since October last year.

"We wanted to know from Jet Airways on how many passengers have booked tickets and how they plan to refund it.

"Jet has said that they have to collect information from all over the world and they will be coming to meet us on Monday or Tuesday...," he said.

He was responding to queries about refund of tickets booked with Jet Airways.

Further, he said that global airlines' grouping IATA holds back some money of the booked tickets. International air tickets are booked through IATA system.

"The credit card companies are also holding back some money. They have not been transferring all the money to Jet Airways. We have the cushion there," Kharola said in response to the question about refund to passengers.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

SBI Share price: Maintain Buy rating with target price of Rs 470, says Choice Broking

No more easy money left in markets now, Anil Singhvi reveals key to profitable trading

REVEALED: 'Laga bhi diya...' - What PM Narendra Modi told nurse P Niveda after COVID-19 vaccine shot

PUBG Mobile Lite Season 22 Update: Check release date, timings, APK download link and MORE!

Rakesh Jhunjhunwala stock: This Big Bull holding gets a target hike I Details here

Stocks to buy with Anil Singhvi: Buy NBCC for bumper returns - Special Pick

Stocks to Buy With Anil Singhvi: Thirumalai Chemicals is a top Sandeep Jain pick today

CBSE board exams 2021 class 10, class 12 practicals date: Students exams start today - check Board guidelines

Big Warren Buffett Tip for you: Oracle of Omaha warns these investors

Covid 19 vaccination drive 2nd phase: PM Narendra Modi takes first dose of Covid 19 vaccine at Delhi AIIMS

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved