Collapsed Jet Airways’ ex-partners, rivals scramble to fill India capacity void

Former Jet Airways Ltd partners and contenders are introducing replacement paths and seeking for new codeshare partners to complete a profitable divide linked to the crash of the once biggest global airline in India.

According to public stats, Jet, which stopped activities on April 17, after running out of money, had a global airline share of approximately 12% in 2018, outstripping even the domestic airline Air India.

In absence of Jet, the cash-strapped Air India is the only Indian airline that runs wide-scale aircraft with capacities for stop-flight trips to Europe and the US, although 6 Boeing (NYSE: BA) Co787s belong to Vistara Joint Undertaking held by Tata Sons and Singapore Airlines Ltd, upon request due next year.

Jet’s former competitors, Virgin Atlantic and Delta Air Lines Inc. (NYSE: DAL), were among the first to announce fresh Indian paths to substitute those earlier operated by Jet with the global air fares that were up to 36 percent in May and June, based on Yatra.com travel portal.