Unrest at crisis-ridden Air India and Kingfisher is to benefit the Jet Airways, the Centre for Asia Pacific Aviation (CAPA)'s annual outlook for the fiscal 2012-13, has said. the report was release on May 22.
Indian airline industry may end up collectively losing up to $1.4 billion, Jet may place an order for almost 100 narrow body aircraft this fiscal to meet both replacement and growth requirements. the report said.
Although the troubles facing AI and Kingfisher have been positive for all other carriers, Jet has been, and will continue to be, the largest beneficiary. Kingfisher's dramatic contraction from 66 to 16 operational aircraft, of which half are regional ATR aircraft, has left the domestic market open for Jet. Similarly the temporary industrial action on AI's long haul international routes has driven North American and UK traffic to Jet, the report says.
Jet may decide to take advantage of the situation to expand both domestically and internationally as it had done in 1996 when a number of its competitors had closed down, the report said.
The remaining four private carriers - Jet, IndiGo, SpiceJet and Go - are expected to post a profit of about $200 million subject to the rupee's free fall against the dollar getting checked and crude prices not defying gravity.