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Spot airfares see steep rise as government bans 737 Max 8 aircraft

Press Trust of India  |  New Delhi 

Spot airfares for Wednesday and Thursday saw a steep rise on important routes across the country as the government grounded 737 Max 8

According to data provided by Yatra.com, the spot airfare on Wednesday was more than double on heavy traffic routes like Mumbai-Bengaluru, Bengaluru-Mumbai, Chennai-Delhi, Delhi-and Mumbai- Chennai, when compared to the spot airfare that was there on March 13 last year.

The same was noticed for Thursday as well on routes like Mumbai-Delhi, Bengaluru-Delhi, Mumbai-Bengaluru, Bengaluru-Mumbai, Delhi-Kolkata, Mumbai-and Mumbai-Chennai, when compared to the same period last year.

All 737 Max 8 operated by Indian have been grounded and around 35 flights of would be cancelled on Thursday consequently, Civil Secretary P S Kharola said.

Meanwhile, Wednesday withdrew five more from service owing to non-payment of lease rentals, taking the total number of such non-operational aircraft to 37.

The data showed that ticket prices on Mumbai-Chennai routes have increased to Rs 20,329 for March 14. The spot fare on March 14 last year was Rs 5,671.

The Mumbai-ticket of March 14 has the spot fare of Rs 13,495, which is higher by 137 per cent when compared to the spot fare of March 14 last year.

"At least 50 planes are out of action or grounded on the domestic front owing to multiple reasons...The airfares were at least 15 per cent higher this year compared to last year, and owing to the current situation, airfares are expected to rise further this season," said Sharat Dhall, (B2C),

As the Ethiopian Airlines' 737 Max 8 crashed near Addis Ababa, killing all 157 people onboard on Sunday, Indian watchdog of Civil (DGCA) last night announced that the 737 Max 8 aircraft would be "immediately" grounded.

has been most affected by the grounding of the 737 Max 8 aircraft as it has 12 of them in its fleet.

The said March 14 will be a "challenging" day as "out of 520 odd flights that flies every day, about 30-35 flights will have to be cancelled".

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 13 2019. 22:49 IST
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