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Aviation industry experts said the slower growth this year is a result of multiple factors ranging from Jet Airways pulling out their operations, slowdown and lean season.
Post the air strike, Air India had to re-route, merge or suspend many of its international flights that connect India with European and US cities.
Many subsequent flights have been diverted to other airports such as Ahmedabad and Bengaluru.
Private airlines SpiceJet, IndiGo and GoAir lost Rs 30.73 crore, Rs 25.1 crore and Rs 2.1 crore, respectively.
A city-bound SpiceJet flight from Jaipur carrying 167 passengers and crew overshot the runway at Mumbai airport Monday night after landing amid heavy rains, which have severely hit normal life in the city over the last two days.
In Jet's absence, cash-strapped Air India is the only Indian carrier that operates widebody jets capable of non-stop flights to Europe and the United States.
Jet's troubles have allowed IndiGo and other carriers such as SpiceJet to raise prices on some routes, offsetting some of the losses they faced last fiscal year because of high fuel prices and intense competition.
Two of the SpiceJet's Boeing passenger planes - one from Mumbai and other from Bengaluru - suffered mid-air technical glitches, forcing their pilots to terminate journeys.
Etihad, which acquired 24 percent stake in Jet in 2013, is interested in re-investing in the airline, subject to certain conditions.
Passengers and the crew were trapped inside the plane for over two-and-a-half hours, but are, however, safe, and efforts are on to tow away the aircraft from the runway and resume operations at the earliest.