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Business News›Industry›Transportation›Airlines / Aviation›GoAir 'temporarily'
loses rights and slots to operate international flights to IndiGo and other
companies

THE ECONOMIC TIMES DAILY NEWSPAPER IS AVAILABLE ONLINE NOW.

Read Today's Paper

GOAIR 'TEMPORARILY' LOSES RIGHTS AND SLOTS TO OPERATE INTERNATIONAL FLIGHTS TO
INDIGO AND OTHER COMPANIES

SECTIONS
GoAir 'temporarily' loses rights and slots to operate international flights to
IndiGo and other companies
ET OnlineLast Updated: May 27, 2024, 09:35:00 AM IST
Synopsis

GOAIR HAS TEMPORARILY LOST ITS SLOTS AND FOREIGN BILATERAL RIGHTS TO OTHER
AIRLINES LIKE AIR INDIA AND INDIGO AMIDST DIMINISHING CHANCES OF REVIVAL. IN
ORDER FOR AIRLINES FROM ONE COUNTRY TO OPERATE INTERNATIONAL FLIGHTS TO ANOTHER
COUNTRY, A BILATERAL AIR SERVICES AGREEMENT MUST BE NEGOTIATED AND SIGNED
BETWEEN THE TWO SIDES. THIS AGREEMENT DICTATES THE NUMBER OF FLIGHTS OR SEATS
PER WEEK THAT CAN BE PERMITTED TO FLY FROM ONE COUNTRY TO THE OTHER.

Reuters
Troubles mounted for GoAir as the airline temporarily lost slots and foreign
bilateral rights to other airlines including Air India and IndiGo, reported ToI.
For the airlines of a particular country to operate international flights to
another country, the two sides have to negotiate and sign a "bilateral air
services agreement", which decides how many flights (or seats) per week can be
allowed to fly from one country to the other.

Even after such flying rights are allocated to an airline, it must have slots at
both the airports in order to start flight operations. A slot is a date and time
at which an airline's aircraft is permitted to depart or arrive at an airport.
The slots are allocated by a committee that consists of civil aviation ministry
and DGCA officials, airport operators and airlines, among others.

Read More: GoFirst loses a suitor as EaseMyTrip's founder Nishant Pitti
withdraws bid

by Taboola by Taboola
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Undo

The decision of Civil Aviation Ministry comes in a bid help air passengers.
Other airlines in the sector can now official retain rights of the bankcrupt
airline after getting nod from the Centre.

“All airport slots that GoAir had are gone. Their bilaterals were temporarily
distributed mainly among Air India, Vistara and IndiGo. Akasa asked for Go’s
Dubai flying rights (it has so far got the same for Saudi Arabia, Kuwait and
Qatar). Airlines will ask the Ministry whether the temporarily distributed slots
and bilaterals of Go will be put in a general pool and then given as per
airlines’ needs,” reported ToI quoting officials of several airlines. The report
added that the distribution of slots has been happening for quote a while now.

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Tata Group’s Air India and IndiGo are adding almost a plane every week to their
fleet. AI Express and Akasa also plan to grow rapidly, despite being affected by
Boeing’s issues with the B737 MAX — the plane these two airlines have ordered.

Earlier, online travel company EaseMyTrip's CEO Nishant Pitti on Saturday
announced that the company has decided to withdraw its bid for airline to
concentrate on its areas of strength. "We have decided to withdraw from the
GoAir bid to concentrate on our core areas of strength. Our focus remains on
leveraging our expertise and resources to achieve sustainable growth and
success," said Pitti.

Go First, formerly owned by the Wadia group, is embroiled in a legal battle with
P&W at the Singapore Court of Arbitration in which the airline has claimed about
Rs 8,000 crore compensation, blaming its bankruptcy to the failure of P&W
engines forcing it to ground many aircraft.

Go First owes creditors more than Rs 6,200 crore. Central Bank of India, Bank of
Baroda and IDBI Bank are the secured creditors, with admitted claims of Rs 1,934
crore, Rs 1,744 crore and Rs 75 crore, resp ..

(with agency inputs)

(You can now subscribe to our Economic Times WhatsApp channel)

READ MORE NEWS ON

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agreementcivil aviation ministryinternational flightsairport slots
(Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live
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