SpiceJet, Air India step in to clean up after Jet Airways

Budget airline SpiceJet Ltd and national carrier Air India Ltd have stepped in to stabilize India’s aviation industry and ease the pain from wage losses caused by Jet Airways (India) Ltd’s descent into insolvency and operational shutdown.

SpiceJet is making all possible efforts to soften the blow to the aviation industry caused by Jet’s suspension of operations on Wednesday, said the airline’s chairman and managing director, Ajay Singh. That includes offering employment to those who have lost their jobs and scaling up the inventory of seats by adding new planes, in turn helping keep ticket prices stable.

Air India has, on its part, volunteered to temporarily use some of Jet Airways’ grounded planes on key international routes. Other airlines too are in talks with aircraft lessors to use Jet’s grounded planes. Read More

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