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Advance booking on re-allocated Jet slots for 3 more months
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SME Times News Bureau | 21 Aug, 2019
The Central government has extended the cap of three months on forward
ticket bookings for flights operated on Jet Airway's airport time slots
that have been re-allocated to other airlines.
According to
informed sources, the re-allocation of slots on a temporary basis has
been extended till December 31 from September 30.
In April, the
temporary suspension of Jet Airways' operations had created a capacity
crunch in the domestic sector. Consequently, 280 slots in Mumbai and
over 160 in Delhi were left vacant.
Jet Airways on April 17
announced temporary suspension of all flight services as it failed to
secure interim funding from lenders to maintain even bare minimum
operations.
Currently, Jet is under the NCLT process, under which a committee of creditors has invited EoI from potential bidders.
If
a bid is approved by a majority of CoC members, only then the
resolution can move ahead. A formal concurrence from the NCLT will be,
though, required.
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