Millennium Post

AI, Kingfisher crisis benefited Jet Airways

The crisis in Air India (AI) and Kingfisher Airlines has benefited Jet Airways the most and the private carrier is expected to place an order of up to 100 narrow-body aircraft during this financial year, a global aviation strategy firm has projected.

The Centre for Asia-Pacific Aviation (CAPA) also expects India's airlines to post a combined loss of a whopping $1.4 billion, with Air India likely to be the 'worst performer' to report a loss of almost the entire amount of $1.3 billion.  

In its latest analysis titled 'India Outlook 2012-13', it said that while Kingfisher would post an estimated loss of $220-260 million, the remaining four private carriers - Jet Airways, IndiGo, SpiceJet and GoAir combined, could post a modest profit of approximately $200 million.

The report released on Thursday said although the troubles facing Air India and Kingfisher 'have been positive for all of the other carriers, Jet Airways has been, and will continue to be, the largest beneficiary.'

The 'dramatic contraction' of Kingfisher from 66 to 16 operational aircraft, half of which are regional turboprop ATRs, and the pilots' strike hitting Air India's long-haul global operations, has left the domestic and international business market open for Jet Airways.
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