Are you aware of the acute shortage of seats out of BOM and the extremely high fares currently on all routes out of the city? Some routes had just duopoly of AI-9W, and are left with just an AI flight charging ridiculously high fares. It's easy to come on a.net and just write "Zero", as long as you aren't affected by it.
Everything you state is already part of the current context - when Jet are still supposedly flying. If they and their 9 planes disappear tomorrow, nothing would get worse.
The market will correct this quickly. I don't think anyone believes ULCCs will leave a monopoly route alone.
People are impacted, but that won't stop the market from working. Re-allocate the slots and not temporarily.
Earlier on this thread I predicted that Jet's fate, one way or the other, would be decided before the election. Because Goyal wouldn't step aside early, EY left the bidding. Without EY, their is not viable solution.
The leasing companies have let their aircraft be grounded long enough. They have started to deregister. India needs better bankruptcy laws. Jet's bankruptcy will affect many other industries (e.g., ability to borrow) so there will be change.
The best solution is work to have as many aircraft redeployed to BOM to build back up capacity.
But fares were too cheap before. India was over-served.
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