Indian aviation braces for impact as Go First collapses, says Nidhi Razdan

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00:00Well, these are some turbulent times for India's aviation sector with GoFirst, one of the country's

00:09budget airlines, suddenly filing for bankruptcy. GoFirst's announcement left thousands of people

00:15stranded in different parts of the country. Initially, they cancelled their flights for

00:19two days and have now extended that at least until the middle of May. And we don't know

00:24if and when they will actually be able to fly again. Now GoFirst's collapse is good

00:29news for other airlines which will obviously want to pick up their passenger load and it

00:34comes at a time when Indian aviation is actually booming because most airlines are reporting

00:38a more than 90% occupancy and this happens to be the peak travel season. But it's actually

00:43really bad news for passengers like you and me because airfares have already gone up on

00:47those sectors that GoFirst was operating on in particular. Ultimately, for India's aviation

00:53market to be more passenger friendly, we need more players and more competition. And that

00:59is what will help.

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