Jet Airways has asked the Union aviation ministry to not release its international traffic rights to rival carriers. Doing so, says the insolvent and now-grounded airline, would affect investor bids for it and harm investor interest. Jet had the largest share of India’s foreign air traffic even in 2017-18, at 13.8 per cent.
Last week, after lender-banks rejected a request for emergency funding, it announced a suspension of all flight operations. Traffic rights or seat entitlements on air routes abroad, are exchanged between governments through formal Air Service Agreements. These ...
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