Middle East crisis: Air India grounds Tel Aviv flights, skirts Iranian airspace
The new flight paths are longer and will increase operational costs for carriers, potentially leading to higher airfares.
The new flight paths are longer and will increase operational costs for carriers, potentially leading to higher airfares.
Given IndiGo’s market domination, the reported rift between Rakesh Gangwal and Rahul Bhatia, the billionaire co-founders of the airline, could have an adverse impact on the Indian aviation industry.
While Jet Airways said its executives left due to “personal reasons”, aviation analyst Ajay Awtaney is of the opinion that “there is hardly anything left in the airline” for them to have stayed on.
With over $4 billion in losses, Abu Dhabi-based Etihad Airways wants other investors to provide the majority of Jet Airways’ recapitalisation, which could be around $3 billion.