scorecardresearch
Follow Us:
Tuesday, August 09, 2022

Indigo to add 18 new flights on Mumbai-Delhi route after Jet Airways cuts down operations

In a board meeting on Tuesday, the Jet Airways management proposed to suspend all operations of the debt-laden airline, an ET Now report said citing sources.

By: Express Web Desk | New Delhi |
Updated: April 16, 2019 10:20:24 pm
IndiGo launches Delhi-Istanbul flight; plans for wider global expansion The airline will operate 10 additional flights from Mumbai and eight additional flights from New Delhi, from May 5, the airline said in a statement. (File Photo)

Budget carrier IndiGo Monday announced the expansion of its flight operations on the Mumbai-New Delhi route which has seen a sharp decline in capacity after a large part of Jet Airways fleet was grounded, PTI reported.

The airline will operate 10 additional flights from Mumbai and eight more flights from New Delhi from May 5, the airline said in a statement.

Cash-strapped Jet Airways is awaiting fresh fund infusion under a debt resolution plan. In a board meeting on Tuesday, the Jet Airways management proposed to suspend all operations of the debt-laden airline, an ET Now report said citing sources.

It also sought emergency funds from banks, Civil Aviation Secretary Pradeep Singh Kharola told PTI. “The flyer is currently operating just five aircraft,” Kharola informed.

Subscriber Only Stories
Delhi Confidential: Raghav Chadha strikes a lyrical note as he bids farew...Premium
PM’s Office declares assets of Ministers, Modi donates share in only prop...Premium
9 FIRs, many notices: Shrikant Tyagi’s long record of notorietyPremium
Post pandemic, employees reluctant to return, firms take offices to small...Premium

The meeting of the airline’s management came after a promise of an infusion of Rs 1,500 crore by the lenders who own a controlling stake in the airline. While Rs 1,500 crore is a small dose of funds for the airline, which has debt and payables exceeding Rs 10,000 crore, the money was deemed necessary for Jet’s daily operations, which have already been curtailed due to non-payment of rentals to aircraft lessors. What was once a 123-aircraft fleet has now been reduced to a meager seven-plane operation.

Meanwhile, Jet Airways founder Naresh Goyal has decided not to bid for acquiring a stake in the crisis-hit airline, sources told PTI.

TWO IS ALWAYS BETTER | Our two-year subscription package offers you more at less

📣 Join our Telegram channel (The Indian Express) for the latest news and updates

For all the latest India News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
First published on: 16-04-2019 at 10:16:00 pm
0 Comment(s) *
* The moderation of comments is automated and not cleared manually by indianexpress.com.

Featured Stories

Advertisement
Advertisement
Advertisement
Advertisement