Trouble continues to mount for GoAir as the beleaguered airline has temporarily lost its slots and foreign bilateral rights to other carriers, including Air India and IndiGo, according to a report by the Times of India.
In the aviation industry, airlines of a particular country require a bilateral air services agreement with another country to operate international flights.
This agreement determines the number of flights (or seats) allowed per week between the two countries.
However, securing these flying rights is not sufficient; airlines must also obtain slots at both departure and arrival terminals to commence operations.
A slot is a specific date and time when an airline’s a…
Read the full article at: https://www.business-standard.com/companies/news/goair-temporarily-loses-slots-and-foreign-bilateral-rights-amid-insolvency-124052700954_1.html