India's aviation sector is one of the fastest growing aviation markets in the world. But the situation here currently shows a different picture. Due to the drowning of airlines like Go First, there is an uproar in the market.
The aviation sector of India these days has become a battleground between the airlines companies. After the closure of airlines like GoFirst, on the one hand, air travel has become expensive for the common man. On the other hand, who will rule this market now, as if a war has started over it. After all, in whose hands will the command of this sector come?
However, before this, let us tell you that GoFirst is struggling hard to start its flights again. The company has recently got 'Oxygen' for a loan of Rs 425 crore. Now it has to be seen how strong she can make her situation.
When GoFirst closed, around the same time Jet Airways was to return to the country. However, that program was also postponed. In this way, the airlines of Indigo and Tata Group have got the most benefit from the sudden closure of GoFirst.
Increased market share of IndiGo and Tata Airlines
According to the new guidelines of the Directorate General of Civil Aviation (DGCA), the closure of GoFirst has had the most positive impact on IndiGo and Air India and its associate companies. GoFirst flights have stopped flying from 3rd May.
In terms of market share, Indigo's market share in April was just 57.5 per cent. It increased to 61.4 percent in May. Similarly, the situation of Tata Group airlines is also there. Air India's market share increased to 9.4 per cent in May from 8.6 per cent in April. Similarly, the market share of Vistara has increased from 8.7 percent to 9, that of Air India Asia Connect has increased from 7.6 percent to 7.9 percent.
Akasa Air planting flags
Akasa Air is the newest company in the aviation sector of India. Started in August last year, this company will start flying with 20 planes in its very first year. Akasa Air has also made a lot of progress in terms of market share. It was 4 percent in April, which has increased to 4.8 percent in May.
SpiceJet's condition is bad
Go First's market share has come down from 6.4 percent to 0.4 percent because its flights are closed. But another company SpiceJet is also going through bad times. The market share of airlines was 5.8 percent in April, which has come down to 5.4 percent in a single month. SpiceJet is also facing financial crisis. The sword of bankruptcy is hanging over him as well.
In whose hands will the command come?
Statistics are showing that in the coming years in the aviation market of India, the airlines of Tata Group, which are going to be merged very soon. And only the supremacy of Indigo will survive. Recently, while Air India has placed an order to buy 470 new aircraft, Indigo has also placed an order to buy 500 new aircraft.
In such a situation, only two airlines players are expected to survive in the Indian market. However, its customers may have to bear the loss, because with the survival of two companies, the price competition will be negligible. In such a situation, they can be read to buy expensive tickets. At the same time, Akasa Air does not have the status to challenge both of them.
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