Jet Airways shares plunged over six percent on Monday, a day after the Naresh Goyal-owned airline filed an application to the Aviation Ministry seeking vacant slots of crisis-struck Kingfisher Airlines.
Sources from Jet Airways confirmed that they are awaiting a nod from the Directorate General of Civil Aviation to acquire six slots of Kingfisher from Mumbai.
"We have applied to the government to acquire six slots from Mumbai. Of these, we are looking at four domestic and two international routes," Press Trust of India reported.
Out of the six slots owned by Kingfisher Airlines in Mumbai, Jet Airways has sought three morning slots and the rest as evening slots.
Though sources from Jet Airways have not revealed the destinations, it is rumoured that of the six slots four would be for domestic routes and the remaining two would be for international destinations.
Jet Airways filed the application a week after the Aviation Ministry withdrew all domestic and international slots of Kingfisher Airlines due to indefinite suspension. The license of the airline also expired in December 2012.
The international destinations of the Vijay Mallya-owned carrier included Britain (seven flights a week), the UAE (21 flights per week), Thailand (21 weekly flights), Nepal (seven), Bangladesh (14 a week), Sri Lanka (35 per week), Hong Kong (14 a week) and Singapore (7).
Reports said that the withdrawal of the slots has benefitted other carriers by approximately 25,000 seats per week.
A week ago, Jet Airways had sold three slot pairs at London's Heathrow airport to flag carrier of United Arab Emirates, Etihad Airways, for $70 million.