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Tuesday, 30 April, 2019, 15 : 00 PM [IST]

AirAsia plans to induct some of Jets Boeing 737s

According to a report in The Times of India, AirAsia India, a JV of Tata group and Malaysian AirAsia, is planning to induct some Boeing 737s that used to fly for Jet Airways and have now been repossessed by lessors.

AirAsia India’s (AAIPL) flying licence has listed Airbus fleet for its operations. Now the low-cost carrier (LCC) has applied to the DGCA for operating Boeing aircraft, the ex-Jet B737s, also.

The move comes as Tata-Singapore Airlines’ full-service JV Vistara is also planning to induct ex-Jet B737s. AAIPL currently has 20 Airbus A320s and is likely to add five more of these planes this summer. Suspension of operations by Jet has suddenly freed up slots at the choked Delhi, Mumbai and Bengaluru airports. And the government has linked temporary granting of these slots to other airlines’ to add capacity quickly to help rein in runaway fares. AAIPL and 
Vistara’s domestic market shares in March 2019 were 5.9% and 4.2%, respectively.

AAIPL will complete five years this summer and be eligible to fly abroad and Vistara has already got the permission to do so. Jet had significant number of flights to the Gulf and Southeast Asia, and bilateral to both these places had been exhausted. If Jet does not revive in coming weeks and months, its international flying rights would also be distributed to other airlines. Air India and AI Express were also looking at ex-Jet B777s and B737s, respectively. Only SpiceJet has inducted some of Jet’s B737s and has started flying them.
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