NEW DELHI: On Friday, a large section of Air India pilots represented by Indian Commercial Pilots’ Association (ICPA) asked the management if I “even have enough money for regular/mandatory maintenance.” This question from AI pilots comes a day after the unprecedented event of Jet’s April-June, 2018, financial result being deferred “pending closure of certain matter”. India may be the world’s fastest growing aviation market but the finances of its only two long haul airlines, Air India (AI) and Jet Airways, is far from healthy.
Unhealthy: Air India management questions stability of the airlines
AI Group (including AI Express) and Jet together accounted for 30.5 percent of overseas travel in and out of India last year by carrying 1.8 crore of the 5.9 crore international in 2017. And on domestic travel, AI Group and Jet collectively have almost 28 percent market share. And both of them are currently facing serious issues.