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    Jet Airways urges aviation ministry not to allocate foreign traffic rights to rivals, says report

    Jet Airways urges aviation ministry not to allocate foreign traffic rights to rivals, says report

    Jet Airways urges aviation ministry not to allocate foreign traffic rights to rivals, says report
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    By CNBC-TV18  IST (Published)

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    Jet is urging the aviation ministry to protect its rights as there is a possibility of a temporary allocation of Jet's traffic rights to other airlines for around three months, Business Standard quoted Jet CEO Vinay Dube as saying

    Crisis-hit carrier Jet Airways requested the aviation ministry to not allow rival airlines to take over its international traffic rights as it could harm the investors' interest in bidding for the cash-strapped airline, Business Standard reported.
    Jet is urging the aviation ministry to protect its rights as there is a possibility of a temporary allocation of Jet's traffic rights to other airlines for around three months, the report quoted Jet CEO Vinay Dube as saying. Dube said that even a temporary allocation may give rise to an apprehension of traffic rights being taken away from the airline.
    According to the 2017-18 data, Jet Airways has the largest share of international air traffic that is 13.8 percent. The traffic rights on foreign air routes are exchanged between governments through formal Air Service Agreements. The rights are granted to the airline, only if the carrier is able to fulfill the norms. The airline was the first private carrier to start international operations, in 2004.
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