Jet Airways bankruptcy and rebirth 2.0
Mar 18, 2019, 2:52 pm
#181
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They have also just canceled all flights to AUH!!! There go all those international connections.
Is this a "strategic" move? Why would they pull flights out of AUH now! So many people fly to NA and EU through this route! Not to mention that they'll be pizzing of EY plenty with this stunt.
Is this a "strategic" move? Why would they pull flights out of AUH now! So many people fly to NA and EU through this route! Not to mention that they'll be pizzing of EY plenty with this stunt.
Mar 18, 2019, 5:01 pm
#182
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This might explain it http://www.ecoti.in/97XTMa
Mar 18, 2019, 6:48 pm
#183
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EY's future seems to be pretty limited, and it's era of access to cheap money to throw around to try to cobble together a behemoth and hold up much of anything has seemingly come to an end. [I am still waiting to see when EK and EY are cobbled together by the UAE principals trying to put an end to at least EY's bleed.] So loaning 9W money to ultimately try to help EY out is just a bad business strategy, one that seems more rooted in the PMO's political machinations than to let "the invisible hand" of the market to do its thing.
Mar 19, 2019, 2:03 am
#186
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Mar 19, 2019, 2:46 am
#187
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No. More likely the plot is to keep 9W afloat until at least after the Indian elections, all so that a very high-profile business flop doesn't bring into question the competency of economic and financial management undertaken by the current government. Of course, 9W's problems aren't a creation of the current government, but the more recent meddling to try to prop it up is certainly a creation of the current government.
Mar 19, 2019, 3:26 am
#188
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EK doesn't care much for 9W. They fly into nearly every Indian town that has a runway already and have cornered the market. What benefit would 9W bring them?
Mar 19, 2019, 4:59 am
#189
Join Date: Jun 2016
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Flights to SIN, DXB etc. are also getting cancelled. LHR and AMS is still on I guess.
A few months ago when they were already in loads of trouble they cancelled a bunch of domestic routes mostly and added a few international ones. Additional flights to LHR etc. They’ve done a u-turn on that strategy.
If they are “saved” wonder what kind of planes/routes they will be able to fly in the near/mid term and how they will pull themselves out of this hole. Will UK be able to fill the void left by 9W? AI won’t care to do that for sure.
A few months ago when they were already in loads of trouble they cancelled a bunch of domestic routes mostly and added a few international ones. Additional flights to LHR etc. They’ve done a u-turn on that strategy.
If they are “saved” wonder what kind of planes/routes they will be able to fly in the near/mid term and how they will pull themselves out of this hole. Will UK be able to fill the void left by 9W? AI won’t care to do that for sure.
Mar 19, 2019, 5:54 am
#190
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And now EY has almost completely bailed from the deal & Modi is publicly asking PSUs to invest! That's the first time I can remember PSU banks are being asked to save a private co.
I don't think cash infusion will save 9W now though maybe just prolong the suffering. They will need really strong leadership and a gameplan. Maybe get Aditya Ghosh?
I don't think cash infusion will save 9W now though maybe just prolong the suffering. They will need really strong leadership and a gameplan. Maybe get Aditya Ghosh?
Mar 19, 2019, 5:59 am
#191
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6E and SG are both preparing to fly to LHR/LGW. LCCs of course but still better than nothing. It's hard to imagine an important route like this has barely any takers left.
Mar 19, 2019, 6:05 am
#192
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For now.. was looking for flights to YYZ earlier in the day for travel around mid may and the cheapest options coming up had 9W for atleast one of the sectors. In better times would have straight out booked the 9W option, but in the current scenario, sadly had to look at other options.
Mar 19, 2019, 6:06 am
#193
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There is tremndous traffic between the UK and India. In 2017 2.8 million flew from the UK to India, 1.4 from Germany, 0.7 from Holland, 0.8 from France, 0.1 from Finnland and < 0.1 from other EU countries. Even if 9W goes belly up, others will come in. That said the India-UK market is probably the most contested, so with slot costs in LHR new players like Vistara may not be super eager to start operations.
http://appsso.eurostat.ec.europa.eu/...1552996680606_
http://appsso.eurostat.ec.europa.eu/...1552996680606_
Mar 19, 2019, 7:16 am
#194
Join Date: Jun 2016
Posts: 581
There is tremndous traffic between the UK and India. In 2017 2.8 million flew from the UK to India, 1.4 from Germany, 0.7 from Holland, 0.8 from France, 0.1 from Finnland and < 0.1 from other EU countries. Even if 9W goes belly up, others will come in. That said the India-UK market is probably the most contested, so with slot costs in LHR new players like Vistara may not be super eager to start operations.
http://appsso.eurostat.ec.europa.eu/...1552996680606_
http://appsso.eurostat.ec.europa.eu/...1552996680606_
Mar 19, 2019, 7:46 am
#195
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The liquidator will sell them off, they are not assigned to Indian carriers. New operators may get a newbie bonus/discount, but at a busy hub like LHR they go fast.