Some planes were grounded for several months, leading to flight cancellations by the hundreds, said people with knowledge of the matter.
The subsidiary of the diversified conglomerate Mahindra & Mahindra had reported a profit after tax of Rs 60 crore for 2016-17.
The airport seeks to de-congest aviation traffic in the city that’s home to India’s central bank, the equity and bond markets and the world’s most-prolific film industry.
With record rains that pounded the city this year, it has been particularly harrowing for airlines with frequent shutdowns of the airport causing huge delays.
“The airports are the most important hubs in the regional connectivity scheme (RCS) network of Air Deccan,” Gopinath said. “Without parking bays, aircraft can’t even be imported.”
The EBT was carrying luggage of passengers seated aboard the aircraft and crashed into one of the engines. An Air India spokesman said all passengers were however safe
A senior executive at Indi-Go said it will have to resort to legal recourse against DIAL if it is forced to make the partial shift.
The airline is looking to increase domestic market share and expand in regional international routes.
Sivakumar currently heads travel technology and strategy at WNS Global Services, a global business process management company.
Fares in this festive season compared to last year have dropped up to 15% on advance booking but 50% when booked last minute.
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