The suspension of Go First’s flight operations has inconvenienced thousands of travellers but has also opened a window of opportunity for rivals who are swiftly ramping up capacity to capitalize on the sudden reduction of available flights in the Indian aviation market.
With nearly 30 aircraft now out of commission, industry experts expect a slight uptick in already high airfares in the short term. However, the setback for Go First has turned out to be a boon for rival domestic airlines which are poised to reap the benefits of higher revenues and yields by expanding their capacity.
The Wadia Group airline voluntarily filed for insolvency resolution on 2 May and suspended operations, citing persistent technical issues with the Pratt & Whitney engines that power its 49 Airbus A320neo aircraft out of the total fleet of 54 aircraft. The airline said that the delivery of defective engines and the delay in repairing unserviceable engines caused a setback of ₹10,800 crore for the airline.
Denne historien er fra May 04, 2023-utgaven av Mint Mumbai.
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Denne historien er fra May 04, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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