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NEWS | Jet Air to sale-and-leaseback of 10 aircraft by March

2012-01-24T20:29:00.000+05:30

Jet Airways ,the country's largest private carrier has posted its fourth straight quarterly loss on Friday as higher fuel costs continued to hurt its financials. The airline posted a Rs 101.22 crore loss for the December quarter against a Rs 118 crore profit which it posted in the year-ago period.
In an interview to CNBC-TV18, M Shivkumar, senior vice-president (finance) at Jet said expensive fuel impacted the operating performance of the airline, "We could not pass on the fuel cost to customers and hence had operating losses," he said.

Aviation Turbine Fuel (ATF), constitutes a third of the total operating cost to any airline and in India it costs is nearly 70% higher then what foreign airlines in South East Asia or West Asia pay due to huge sales tax that airlines have to pay in India.
During the quarter, the ATF cost around 53,0000/kl. Fuel cost surged 60% to Rs 175.3 crore.
Shivkumar, howeever said the carrier benefited from a sale and leaseback of planes, a property deal and foreign-exchange gains during the quarter. Jet earned around Rs 400 crore from these transactions.

Source: http://avindia.blogspot.com/
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NEWS | Jet Lite, Jet Konnect to merge under a single brand by May: Official

2012-01-23T21:04:00.000+05:30

Country's largest private sector air carrier Jet Airways today said it will complete the merger of its two low-cost models - Jet Lite and Jet Konnect - under a single brand by May.

"We are contemplating brand merger of Jet Lite and Jet Konnect. Jet Lite will cease to exist by April-May. We expect capacity addition in low cost models as well," a Jet Airways official told financial experts here.

Currently, the two no-frills brands that Jet operates are JetLite, which it bought from Sahara group, and Jet Konnect.

The official further said capacity addition would not be a concern for next 12-15 months.

"Out of our 100 aircraft fleet, 40 is owned and 60 is on lease. FY'13 will see revenues remaining flat and may see 5 per cent capacity addition," he said.

Also, the company said it expects to sell and lease off 77 aircrafts in Q4. "This will help pay off working capital loans and debt pay off. We have not taken any extension of lease expiry".

The company, which posted a loss of Rs 101 crore in the quarter ending December, also said that higher fuel prices and depreciating rupee would continue to be a cause of concern.

"Higher fuel prices and depreciation of rupee have impacted company's operations. ATF prices and rupee depreciation continue to be a cause of concern. These are some uncontrollable event in the short run," it said.

Jet Airways on Friday posted a net loss of Rs 101.22 crore in the December quarter of 2011-12, against a net profit of Rs 118.23 crore in the corresponding period last fiscal.

The company said during the quarter, international operations was weighed down by high operating cost.

"During the third quarter, loss from domestic operation was Rs 41 crore, and that from international operation Rs 61 crore. Share of international revenue to total revenue was 55 per cent," it said.

Source: http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/jet-lite-jet-konnect-to-merge-under-a-single-brand-by-may-official/articleshow/11603904.cms
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NEWS | Jet Airways posts Rs 101.22 crore loss third quarter

2012-01-21T18:55:00.000+05:30

Private carrier Jet Airways on Friday said it has posted a loss of Rs101.22 crore for the quarter ended 31 December against a net profit of Rs118.23 crore for the same quarter of the previous year.
"High fuel prices together with the depreciating Indian rupee versus US dollar have pulled down the operating results to an extent. However yield improvements due to seasonality and narrowing gap between demand supply imbalances have helped the airlines to post operating profits," Jet Airways (India) Ltd's CEO, Nikos Kardassis, said.

He said the airline would continue to remain competitive through innovative marketing initiatives, increase in ancillary revenues, an enduring focus on cost-cutting measures through contract renegotiation, and process improvements across all segments of the business.
"The weakening of Indian rupee vis-a-vis the US dollar has had an impact on the US dollar-related costs including for the aviation turbine fuel because the same is priced in US dollars. Though we have a natural hedge in terms of our US dollar earnings to a big extent, we are still impacted because of the same and this is largely uncontrollable in the short term. Consequently, many of the cost line items have a currency impact embedded in it," an official statement said.

Source: http://www.dnaindia.com/money/report_jet-airways-posts-rs-101-22-crore-loss-third-quarter_1640177

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NEWS | Jet Airways looks to generate ancillary revenue through ads on aircraft

2012-01-10T23:01:00.002+05:30

In a bid to boost earnings from ancillary revenue streams, Jet Airways will make the interior as well as the exterior of its fleet available as advertising space. The airline has already partnered with Nokia to unveil the first aircraft wrap in the country branded in the colours of Nokia's new smart phone, Nokia Lumia, on one of its Boeing 737-800 aircraft. Manish Dureja, Vice-President-Marketing, Jet Airways said, "This is literally a branding opportunity in the sky and it has been popular in other countries such as the United States as a means of ancillary revenue generation. We are offering brands a captive audience and this is a medium that will not only garner attention for brands from Jet Airways travellers but also other passengers at any airport." He added, "Nokia is our launch customer for this initiative and the Nokia Lumia aircraft is operational across India from January 1, 2012.”

Jet Airways is also currently in discussion with other brands about similar advertising initiatives, but Dureja declined to reveal any details. He stated, "We strongly believe that brands will see value in this medium of advertising. We currently have some leads but we cannot reveal them at this moment. While our entire fleet is available for such an advertising campaign, we are realistically expecting 25-30 aircraft to be used in such a manner over the next 12 months."

Dureja also said that Jet Airways' ratio of ancillary revenue to non-ancillary revenue was very small and that the airline was looking to increase its earnings from ancillary revenue. He said, "This is our first step towards increasing our ancillary revenues. At this moment, we are focusing on this. Once that is done, we will look towards other measures of generating revenue from ancillary streams.”

Source: http://www.travelbizmonitor.com/jet-airways-looks-to-generate-ancillary-revenue-through-ads-on-aircraft-15376

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NEWS | Jet Airways to pay 1 lakh for cancelling flight

2012-01-06T18:39:00.001+05:30

The Mumbai Suburban District Consumer Disputes Redressal Forum on Tuesday ordered Jet Airways (India) Ltd to pay Rs 1 lakh compensation to a Santa Cruz (E) businessman, Himanshu Mehta, who suffered severe mental and physical hardship after the airline cancelled a Srinagar-Delhi flight in 2006.

The forum held the airline guilty of deficiency of service and said by not informing the passengers about the cancellation in advance, the airline had shown negligence and apathy towards passengers.
Mehta had booked a seat on a Jet Airways flight from Srinagar to New Delhi, scheduled to depart on April 3, 2006 at 8.20am, through a travel agent. In his complaint filed before the forum on May 19, 2007, Mehta said that he also booked a flight from New Delhi to Mumbai for the same evening and scheduled a meeting with his clients for the intervening afternoon. Mehta, who arrived at Srinagar airport at 6.40am on April 3, alleged that he and other passengers for the same flight found that the airport doors at the airport

Source: http://timesofindia.indiatimes.com/city/mumbai/Airline-to-pay-1-lakh-for-cancelling-flight/articleshow/11382285.cms
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NEWS | Jet Airways delays December salary

2012-01-03T22:35:00.000+05:30

Trouble for airline companies continues, as India largest airline by market share, Jet Airways has delayed payment of salary for the month of December.

The worst hit are the pilots, engineers and senior management, who will receive their salaries on the 14th of January. The remaining employees will get their salaries by 7th of January.

The airline informed the employees about this latest development via an official mail send out by the company's HR head. No reasons were mentioned in the mail as to why the salaries have been delayed.

Typically Jet Airway's employees receive their salaries by the 4th or 5th of every month. ET NOW is in possession of the letter send out by the HR.

After Kingfisher Airlines and Air India, Jet Airways is the latest to join the list of companies that have delay salaries. Earlier this week, the airline also slashed salaries of its trainee pilots,

Jet Airways has close to 950 pilots and 12000 employees.

source: http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/jet-airways-delays-december-salary/articleshow/11340857.cms

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NEWS | Jet cuts trainee co-pilots’ pay from Rs 1.3L to Rs 50k

2012-01-02T13:00:00.000+05:30

India's largest private airline Jet Airways has reduced the monthly salary of its trainee co-pilots by almost 60% from about Rs 1.3 lakh to Rs 50,000 in the New Year. The decision was conveyed to its trainee co-pilots in last week and is among a series of steps that the airline is taking to cut costs and survive the life-threatening phase that Indian carriers are passing through due to a mix of high operating cost environment at home and a slowing down economy.

"The company is going through turbulent times as a result of low fares, ever-rising crude oil process, high airport levies, rupee devaluation and a recessionary economic scenario... we are reducing costs through re-negotiation of all contracts with our vendors, service providers and curtailing expenditure. As a part of the austerity measures effective January 1, 2012, it is proposed that you would continue to draw Rs 50,000 per month till you are released to fly online on the fleet..." the letter sent by S B Srivastava, Jet's V-P (HR), to the trainee first officer says, while adding that other terms of their employment remain unchanged.

During the last slowdown also Jet had reduced salaries of its employees to survive the tough economic conditions and then restored them to pre-cut levels when the environment improved. Its two full service peers - Air India and Kingfisher - have been unable to pay salaries to employees in time for months now. "We last got paid in first week of November and have got nothing since then. Now our five months' salary and allowances are due. There is no light at the end of this tunnel and it seems the government expects us to work without pay. How long can this continue? Our stress levels is dangerously high as the topic of conversation is mainly unpaid bills and EMIs in cockpit of any stressed airline like AI or Kingfisher," said an agitated Air India commander.

While AI and Kingfisher are drowning under the weight of their losses and debt, Jet has also run into losses due to the high cost environment. In the quarter ended September 30, 2011, it posted a loss of Rs 713.6 crore versus a profit of Rs 12.4 crore in same period last year.

Trainee co-pilots join an airline after getting type rated (certified) to fly a particular aircraft. They are first trained to fly by being seated on the co-pilot's seat with a commander and a co-pilot on the third seat in the cockpit (called jump seat).

Source: http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/jet-cuts-trainee-co-pilots-pay-from-rs-1-3l-to-rs-50k/articleshow/11335173.cms
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NEWS | Jet Airways, Kingfisher, IndiGo and other airlines to face strong headwings

2011-12-30T18:26:00.000+05:30

It has been a year airlines in India would send for a repair or an overhaul without a blink. Everything that an airline can imagine to go wrong went wrong in 2011.

The sector fundamentals were challenged like never before with high fuel prices, unfavorable foreign exchange rates, negative market environment, economic slowdown and a severe liquidity crunch all forcing companies to go turtle.

All airlines-except perhaps low-cost carrier IndiGo that reported an 18% jump in profits-will be glad to fly out of 2011, but analysts say the New Year may not be much better.

"Heading into 2012, airlines will continue to struggle to raise equity and will need help to take on additional debt, further eroding viability," said Kapil Kaul, India subcontinent Middle East CEO of industry consultant Centre for Asia Pacific Aviation, or CAPA.

In 2011, India's airlines had to defer plans to raise more than a billion dollars, he said in a preview of 2012.

Source: http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/jet-airways-kingfisher-indigo-and-other-airlines-to-face-strong-headwings/articleshow/11298290.cms

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NEWS | Jet Airways chief Goyal denies tax evasion

2011-12-28T23:05:00.000+05:30

Jet Airways chairman Naresh Goyal has denied any evading of tax payment. This is after a notice to him from the income tax (I-T) department, seeking details of his foreign bank accounts. Goyal is formally a non-resident Indian and his Isle of Man (UK) registered company, Tail Winds, owns 79 per cent stake in the airline.

The notice was served some days earlier under sections 131 and 148 of the I-T Act. An I-T officer can serve a notice under section 148 when there is material to believe an individual's income has escaped assessment. Section 131 allows the department to summon the assessee for any query to help determine the extent of tax.
Goyal confirmed getting the notices from the department but denied any wrongdoing. "We have complied with the notice received under sections 131 and 148. There is neither any violation nor any evasion of tax,'' he said in a statement to this paper.

Source: http://business-standard.com/india/news/jet-airways-chief-goyal-denies-tax-evasion/459982/

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NEWS | Black money: Jet Airways's parent company on I-T dept radar

2011-12-28T22:55:00.001+05:30

Jet Airways has been served notices by the Income Tax (I-T) department over a Swiss bank account in the name of Tailwinds, the Isle of Man-based parent of Jet Airways, which holds 79.99 per cent stake in the airline. The I-T department has served two notices to Jet's co-founder, Naresh Goyal , a move by the government to unearth black money stashed abroad.

The first notice to Goyal was issued under Section 131 of the Income Tax Act seeking production and examination of books of accounts and other relevant documents. The second notice, served under Section 148, sought to reopen assessments of Tailwinds' books for 2006-07, a leading news television has reported.

Naresh Goel, co-founder, gets I-T notices

According to sources, Goyal immediately responded to the first notice, stating that the Tailwinds accounts were officially disclosed to and approved by the Reserve Bank of India (RBI), Foreign Investment Promotion Board (FIPB), and the ministry of civil aviation and that there was no tax evasion. In an email reply told the TV channel Goyal said, "I have received two notices under section 131 of and under section 148 of the Income Tax Act. I have replied and adequately dealt with the same."

However, Goyal's response to the second notice which sought clarifications on Tailwinds' income from India is not known. The airline did not respond when contacted.

The I-T notices are part of a wider probe by the tax department into bank accounts held overseas by non-resident Indians (NRIs) such as Goyal. The tax department received inputs on Tailwinds' account in HSBC, Geneva, from French authorities.

Source: http://businesstoday.intoday.in/story/black-money-jet-airwayss-parent-company-on-i-t-dept-radar/1/21229.html

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NEWS | Jet Airways' Chairman, Naresh Goyal, denies tax evasion

2011-12-28T22:37:00.000+05:30

Naresh Goyal, Chairman, Jet Airways has denied any evasion of tax payment. This is after he received a notice from the Income Tax Department seeking details of his foreign bank accounts. Goyal is formally a non-resident Indian and his Isle of Man (UK) registered company, Tail Winds, owns 79 per cent stake in Jet Airways, according to a report by Business Standard.

The notice was served recently under sections 131 and 148 of the Income Tax Act. Goyal confirmed getting the notices from the department but denied any wrongdoing. "We have complied with the notice received under sections 131 and 148. There is neither any violation nor any evasion of tax,” he said in a statement.

According to a television channel, the notice under section 148 sought to reopen the assessment of Tail Wind's accounts for 2006-07. The channel said Goyal immediately responded to the first notice, stating the Tail Winds account was officially disclosed to and approved by the Reserve Bank of India, the Foreign Investment Promotion Board and the Ministry of Civil Aviation. It also said the notice pertained to Tail Wind's account in HSBC Bank, Geneva. However, this could not be independently verified.

Recently, the Income Tax department issued notices to about 100 persons for allegedly holding undisclosed bank accounts in HSBC, Geneva. These were among 700 Swiss bank account holders whose names figured in a list shared by the French authorities with the Indian government a few months earlier, a media report said.

Source: http://www.travelbizmonitor.com/jet-airways-chairman-naresh-goyal-denies-tax-evasion-15259
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NEWS | Jet Airways joins hands with Mint, Citrus and butheprice.com for its frequent flyer programme

2011-12-25T18:30:00.000+05:30

Jet Airways' frequent flyer programme, JetPrivilege, recently tied up with financial newspaper, Mint, hotel chain Citrus, and retail website, buytheprice.com. Frequent flyer members can earn extra ‘JPMiles’ through various promotions offered the airline’s new partners.

Sudheer Raghavan, CCO, Jet Airways, said, “This partnership cements our position as arguably the leading airline frequent flyer programme in the country with the high value it offers members and the wide range of product choices. Through this association our esteemed JetPrivilege members can enjoy a fine brand experience as well as earn JPMiles.”

Source: http://www.travelbizmonitor.com/jet-airways-joins-hands-with-mint-citrus-and-buthepricecom-for-its-frequent-flyer-programme-15235
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NEWS | Jet Airways boosting Mumbai-Riyadh links

2011-12-08T18:21:00.001+05:30

The airline is introducing the new service because of the progressively growing passenger loads on Saudi-India sector.

A. K. Saleem, country manager for Jet Airways in Saudi Arabia, said the new daily flight 9W525 would take off from Riyadh at 5 p.m. daily and arrive at Mumbai at 11.35 p.m. local time the same day.
On the return leg, the 9W526 will depart Mumbai for Riyadh at 2 p.m. Indian time and arrive at King Khaled International Airport (KKIA) at 4 p.m. local time daily.
He pointed out that the introduction of this new flight would increase the Jet's flight frequency to five operated daily from Riyadh, Jeddah and Dammam cumulatively.
Saleem said the airline currently operates daily flight from Jeddah to India and two flights a week from Dammam to India.
With the introduction and expansion of its services in Saudi Arabia, Jet Airways now flies to a number of cities in the Gulf, including Riyadh, Jeddah, Dammam, Kuwait, Bahrain, Muscat, Doha, Dubai and Abu Dhabi.
Jet Airways, Saleem said, is the first carrier with twice daily frequency to Riyadh providing seamless enhanced connectivity to India over Mumbai hub.
In fact, a passenger traveling by Jet Airways from Riyadh to Indian destinations can have connecting flights to about 76 different destinations across the globe such as Katmandu, Bangkok, Hong Kong, Dhaka, London and Toronto.
A third early morning service is also being introduced on Dec. 14 between Mumbai and Bangkok, said Saleem.

source: http://arabnews.com/economy/corporatenews/article544161.ece

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NEWS | Jet Airways eyes up to $300 million from plane sale, lease back

2011-11-29T19:01:00.001+05:30

Jet Airways Ltd, India's largest airline, plans to sell and lease back aircraft it owns to raise up to $300 million over the next six months and cut its debt, a top official told Reuters on Tuesday.

The airline, which has a near-quarter local market share, intends to sell and lease back part of the 40 planes that it owns, M Shivkumar, senior vice-president - finance, told Reuters on Tuesday.

"We have 40 aircraft on our own books. Depending upon the fund requirements, we will go accordingly," he said over the phone.

Sale and lease back is a process where airlines sell planes to a leasing firm which then leases aircraft back to the airline, thereby helping firms save on capex. It is a common process that airlines follow during a slowdown.

Debt-laden Kingfisher Airlines, which cancelled scores of flights this month and is hunting for a strategic investor, also plans to raise funds through sale and lease back of some planes.

On Monday, a source told Reuters that national carrier Air India too plans to sell and lease back Boeing 787 dreamliners to cut its debt..

source: http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/jet-airways-eyes-up-to-300-million-from-plane-sale-lease-back/articleshow/10919678.cms

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NEWS | Jet Airways, SpiceJet may soon start services to Mysore

2011-11-29T10:03:00.001+05:30

With the suspension of Kingfisher Airlines' services between Bangalore and Mysore earlier this month, the Airport Authority of India (AAI) is banking on two other private carriers Jet Airways and SpiceJet to start commercial flight operations from the City of Palaces.

AAI officials said that meetings have been held with the private airlines officials who have expressed their wish to start operations on the Mysore sector.
"We have held meetings with the private airlines to operate flights from Mysore. Lok Sabha MP from Mysore H Vishwanath and district in-charge minister SA Ramdas have also held meetings in this regard to see to it that the airport is back on the domestic aviation map," said an AAI Official.
P Manjunath, DGM, Mysore Airport, said that the Mysore route has a huge potential as the Kingfisher Airlines' flight regularly saw occupancy of 60%. Manjunath added that SpiceJet is likely to operate an ATR 72 shortly. "They haven't given us a date but have listed on their winter schedule that they would operate on the Mysore route," he added.
Mysore, apart from being an important tourist destination, also houses campuses of companies like Infosys and Wipro. The AAI built Mysore airport at a cost of Rs 82 crore. The lone Kingfisher flight, which operated five days a week between Mysore and Bangalore, was withdrawn as part of the company's move to cut down on its existing domestic routes.

source: http://daily.bhaskar.com/article/BAN-jet-airways-spicejet-may-soon-start-services-to-mysore-2600682.html
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NEWS Belgium honours Jet Airways chief Naresh Goyal

2011-11-17T23:11:00.001+05:30

Belgium has conferred the 'Commandeur of the Order of Leopold II', one of its highest civilian distinctions, on Jet Airways Chairman Naresh Goyal for "meritorious service and efforts to foster business and cultural ties" with that country.

Belgian Ambassador Pierre Vaesen presented the medallion to Goyal at a ceremony here last evening in the presence of visiting Belgian Minister and President of Flanders, Kris Peeters, a press release said.
Named in honour of King Leopold II of Belgium, the order, conferred on the Jet chief by The King of the Belgians, is awarded for meritorious service to the Sovereign of Belgium and as a token of his personal goodwill.
The premier private carrier operates its international hub in the Belgian capital of Brussels, from where passengers travelling between North America-Europe and India are connected by it.
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source: http://avindia.blogspot.com/2011/11/belgium-honours-jet-airways-chief.html

NEWS | Jet Airways increases yields by 20%

2011-11-15T23:30:00.001+05:30

Jet Airways, India's largest private carrier, has increased its yields by 20% during the first 14 days of November as against the same period in October as mass cancellation of flights by rival Kingfisher Airlines pushed up air fares, its chief operating officer Sudheer Raghavan said on a conference call with aviation analysts on Monday.

"We feel that there will not be any undue pressure on the yields in the coming months," he said. Airlines have been facing severe pressure on their yields - average revenue per mile per paying passenger - due to rising jet fuel prices and economic uncertainties.

Jet Airways has reported a record loss of Rs 714 crore during the second quarter. The airline is renegotiating aircraft leasing agreements and reviewing IT costs which could lead to rationalisation of manpower and better utilisation of aircraft, Raghavan said.

source: http://avindia.blogspot.com/2011/11/jet-airways-increases-yields-by-20.html

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NEWS | Jet Airways to raise USD 350 mn from sale and lease back of 20 planes

2011-11-15T23:25:00.001+05:30

Jet Airways will raise anywhere between USD 300 - 350 million from sale and lease back of 20 planes, a top official told analysts after it announced its FY ’11 Q2 results . It will also cut cost anywhere between 5 – 10 per cent by renegotiating contracts across various operations like leasing of aircraft, in-flight food and beverages and fuel supplies, he added.

“We have proposals worth USD 300 - 350 million for sale and lease back of around 20 aircraft,” M Shivkumar, Senior Vice President - Finance, Jet Airways said. “The process will start in December.” Sale and lease back means an airline sells its aircraft to lessors and lease it soon, throwing up lots of cash, a strategy successful low-cost carrier Indigo chose to fund growth.

“Sale and lease back is a very efficient way of operating as the airline buys the aircraft at a discount from the market price,” an analyst said. “The discount is significant enough for them to sell it to a lessor and yet it becomes profitable for the airline. For Jet Airways, it will help their cash-flow situation as it needs to repay its loans,” the analyst added.

Jet, which reported a Rs 733 crore loss in Q2 of FY ’11, was trying to sell and lease back planes for the past few quarters. In addition, Jet needs to repay Rs 1,487 crore of a total debt of Rs 14,100 crore in two quarters. “The delay has been mainly because the airline wanted to use this route of raising funds only when it needed it the most. This will be funded through operations, money from the Bandra Kurla Complex land deal and sale and lease back of aircraft,” Shivkumar informed. The airline will receive USD 100 million by selling its land near commercial district Bandra Kurla Complex in Mumbai by next week.

source: http://www.travelbizmonitor.com/jet-airways-to-raise-usd-350-mn-from-sale-and-lease-back-of-20-planes-14945
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NEWS | Jet Airways commences non-stop flights from Sharjah to Kerala capital

2011-10-31T20:00:00.001+05:30

Jet Airways commenced daily non-stop flights from Sharjah to Thiruvananthapuram on Sunday.
A traditional ribbon cutting ceremony marked the launch of the new service. Abdulwahab Al Roomi, director general – Department of Civil Aviation and Ali Salim Al Midfa, director of Sharjah Airport Authority, were among the dignitaries attending ?the ceremony.
Ratan Ratnakar, vice president – Market Development and Pricing, Gulf and Middle East Africa of Jet Airways and Shakir Kantawala, general manager for Dubai and Northern Emirates, Jet Airways, were ?also present.
The inbound flight from Thiruvananthapuram to Sharjah International Airport was welcomed to the traditional water-cannon salute in the company of VIP’s, airport officials ?and media.
Jet Airways has deployed a Boeing 737-800 aircraft on this new route, offering 16 Première (business vlass) and 138 rconomy seats. “Guests will be offered best-in-its-class product, which boasts of warm service, award winning in-flight entertainment, as well as delectable cuisine,” an airlines ?statement said.
With this additional flight between Sharjah and India, guests will now take advantage of convenient day and night daily departures from Sharjah International Airport to Thiruvananthapuram and Kochi.

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Aussies embrace Jet Airways

2011-10-11T19:12:00.000+05:30

Jet Airways, India’s international carrier, has reported a massive 188 per cent year on year increase in passenger ticketed bookings from Australia.

While the airline does not operate its own aircraft to Australia, it has a daily code share service with Qantas, between Sydney to Singapore.

From there, Jet operates its own flights to the Indian international gateway cities of Delhi, Mumbai and Chennai.

The latest sales figures, for the first half of 2011, reflect the continued surge in traffic between Australia and India, one of the world’s fastest growing economies.

Jet Airways flies to 76 destinations – 52 within India and 24 internationally.

http://avindia.blogspot.com/

Jet plans to merge JetLite, Konnect

2011-07-27T20:17:00.001+05:30

Jet Airways is considering merging JetLite and Konnect into a single low-cost brand. Although no decision has been taken yet, the airline is evaluating options regarding a possible merger.

Eventually, the airline will have a single brand in full service and low-cost category, Jet Airways vice-president (investor relations) K G Vishwanath told analysts at a post-result conference call.
Jet Konnect is a no frills service launched by the airline two years ago. The experiment has been successful because the carrier has been able to use the same planes on a full service model or for a no-frills service depending upon the market conditions.
Since Jet Airways and JetLite (earlier Air Sahara) have separate operating permits, transfer of plans from one to another brand would require regulatory approval. Instead of doing so, the airline decided to create an another low-cost brand in the group. About 75 per cent of its domestic flights are now operated on the Konnect brand, but this figure varies from season to season.
JetLite was launched after the airline acquired Air Sahara. It operates 110 flights daily compared to 170 Konnect flights. The airline management also acknowledges that JetLite profitability in the first quarter came under pressure after other carriers dropped fares.

Business Standard

HC tells Jet Airways to pay Rs 478 crore dues to Sahara India

2011-05-06T00:00:00.002+05:30

The Bombay High Court today asked Jet Airways to pay Sahara India Rs 478 crore in two weeks on account of default in its obligations toward the Rs 1,450 crore take over deal of Sahara Airlines (now Jetlite).

Justice Dhananjay Chandrachud, however, rejected the petition filed by Sahara claiming Rs 2,000 crore as the total sum for the take over instead of the renegotiated amount of Rs 1,450 crore agreed between Jet and Sahara.
The judge held that Jet Airways was liable to pay Sahara Rs 478 crore, which includes interest at 9 per cent per annum. This amount was computed on the principal amount of Rs 402 crore, the court said in an oral order.
Jet bought Sahara Airlines in April, 2007, for Rs 1,450 crore after an arbitration award. It paid Rs 900 crore and agreed to pay the balance in four installments.
04/05/11 PTI/Economic Times

Jet Airways ties up with Future Grp, Pavers England

2011-05-03T01:07:00.000+05:30

In a bid to attract more customers and provide exclusive offers to its current members, private carrier Jet Airways has partnered with India's largest retailer Furture Group and footwear brand Pavers England for JetPrivilge, its frequent flyer programme.

While it has partnered with Future Group''s EZone, a one-stop retail store consumer durables, and e-commerce arm Futurebazaar.com, it also has tied up with international premium leather footwear brand ''Pavers England''.

"It is our constant endeavour to enable our JetPrivilge members to enjoy exclusive offers in the retail space. We have tied up with EZone, futurebazaar.com and Pavers England.

Through this association our esteemed JetPrivilege members can enjoy fine retail experience as well as earn JPMiles while they shop, making for an unmatched shopping proposition," Jet Airways'' COO, Sudheer Raghavan said in a statement.

JetPrivilege members can earn 1 JPMile for purchase of Rs 100 and above at each of the EZone stores or online at futurebazaar.com.

Similarly, the members can earn 10 JPMiles for every Rs 100 spent on any purchase made at any of the Pavers England exclusive stores in Delhi''s Select Citywalk Mall and Khan Market, Mumbai''s International Airport, Domestic Airport and the Oberoi Mall, at the International Airport and InOrbit Mall in Hyderabad and in Chennai at the Domestic airport and at the Express Avenue Mall.

Jet Airways begin services from Aizawl

2011-05-03T01:06:00.002+05:30

Jet Airways began its air services between Kolkata-Aizawl-Guwahati from today even as many passengers were stranded in Kolkata, Aizawl and Guwahati as the Air India pilots strike entered the fifth day.

Jet Airways sources told PTI that the 68-seater ATR aircraft services would operate between Kolkata-Aizawl-Guwahati and Guwahati-Aizawl-Kolkata every day.With the entry of Jet Airways in the lone Lengpui Airport near here, Mizoram now has the services of three airlines - Air India, Kingfisher and Jet Airways.

Jet Airways Plans Fleet Expansion

2011-04-17T22:34:00.001+05:30

India’s leading private airline Jet Airways said it will purchase aircraft from Boeing and Airbus as part of its fleet expansion program.

Yohan Paul, a senior official at Jet Airways, told Aviation Week the company has approved acquiring two additional Boeing 777–300ER aircraft. The delivery would take place between February and April 2013. “We are also planning to induct four A330-family aircraft over the next two years,” Paul said.
In addition, Jet Airways has entered into a purchase agreement with Boeing to acquire 30 737-800s to be delivered by 2015 and 10 Boeing 787-8s to be delivered by 2014. “These are, however, subject to requisite regulatory approvals and firm dates from the manufacturer,” Paul said.
Currently, Jet Airways operates a fleet of 97 aircraft, which includes 10 777-300ERs, 12 A330-200s, 55 next- generation Boeing 737-700/800/900s and 20 modern ATR 72-500 turboprops.
The airline, which flies to 71 destinations in India and abroad, has plans to increase services on its existing domestic routes, as well as to launch a nonstop flight to the U.S.; it currently operates a single daily connection to New York and New Jersey via Brussels—its hub in Europe.

Jay Menon/Aviation Week