Jet Airways has dropped plans indefinitely to start dedicated freighter services, as it doesn’t find market conditions conducive, said two people in the know. India’s second-biggest airline by market share had in February applied to the country’s aviation regulator for approval. It currently flies cargo in the belly hold of its passenger aircraft.
“The launch of dedicated freighter operations by Jet Airways has been deferred indefinitely due to commercial and operational reasons,” said a spokesman at Jet. “Internal processes and framework are in place at Jet Airways and our strategic partner Etihad Airways to allow the initiative to progress at a later date,” he added.
Jet had plans to wet lease an Airbus A330200 F freighter plane from its strategic partner Etihad Airways. The Abu Dhabi based airline owns 24% in Jet. Sources said the airline had plans to fly freighter planes to neighbouring countries.
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Jet Airways has announced a 60 per cent improvement in operating performance for the Financial Year 2014-15 (FY15), just a year into its three-year turnaround plan. The airline’s total revenue is up by Rs 1,930 crore or 10.1 per cent to Rs 20,966 crore in FY15 from Rs 19,036 crore in FY14, while passenger revenue rose by Rs 1,698 crore or 10.6 per cent to Rs 17,703 crore in FY15, versus Rs 16,005 crore in FY14, as per a release.
Naresh Goyal, Chairman, Jet Airways, said, “FY15 was an encouraging year when we set out to change the fundamentals of this business, allowing us to deliver a significant improvement in our net result. This demonstrates unequivocally that the three-year turnaround plan we put in place last year is on track. While the Indian aviation market is still subject to ongoing structural challenges and robust competition is placing pressure on yields, we will continue to progress by focusing on delivering an enhanced experience for our guests and improving efficiency throughout the business.”
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Jet Airways today announced a 30% discount on base fares on all international flights for Premiere and Economy travel undertaken on and from September 14, 2015.
“The offer for sale is effective from June 01, 2015 through to June 04, 2015, and valid for travel from September 14, 2015 onwards,” said a release from the airline.
These special fares are on offer for travel onboard Jet Airways’ operated international flights to destinations in the Gulf, SAARC, ASEAN, Europe, U.S. and Canada regions.
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Jet Airways has handed over pink slips to 50 of its expat pilots by prematurely terminating their contracts, bringing their number to 88, as part of its cost-cutting measures as well as reducing dependency on the high-cost overseas flight crew.
“We have prematurely terminated the service contracts of 50 expatriate pilots between April 1, 2014 and March 31, 2015,” Jet Airways acting Chief Financial Officer (CFO) Ravichandran Narayan said during a post-earnings analysts call.
Narayan said as part of the contract obligations, the airlines paid retrenchment compensation to the sacked pilots.
The Naresh Goyal-promoted airline has a total of 1,120 pilots, after termination of the service contracts of these 50 expats, Jet Airways now has 88 foreign pilots.
The country’s civil aviation regulator, Directorate General of Civil Aviation ( DGCA), has also given the airlines a deadline of December 2016 to phase out the expatriate pilots.
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NEW DELHI: Private carrier Jet Airways today put 1-million economy class seats up for sale, with a flat 25 per cent discount for a limited period, on its domestic network.
Jet Airways operates across 51 destinations in India.
The four-day mega fare offer will be available for sale from May 27 to 30 and valid for travel from June 15 to October 15, the airlines said in a release.
The four-day booking period offer is valid for economy class travel on the airline’s domestic network, it said.
The 25 per cent discount offer is for travel only on direct flights on the airline’s domestic network, Jet Airways said adding it is not applicable on group bookings and available on a first come, first serve basis.
BHOPAL: With an aim to promote tourism and trade with Vietnam and other ASEAN countries, India’s leading private carrier Jet Airways has placed its code (9W) on Vietnam Airlines flights operating between Singapore and Phu Quoc Island.
“Jet Airways has recently placed its code (9W) on Vietnam Airlines flights operating between Singapore and Phu Quoc Island effective from April 15, 2015,” the airline’s Chief Commercial Officer ( COO) Raj Sivakumar told PTI today.
This is in addition to the existing code-share flights aligned with Vietnam Airlines between Bangkok, Hongkong, Singapore and Hanoi, he said.
As part of its strategy, the airlines has worked towards increasing connectivity to cities in the ASEAN region and beyond through its primary hubs in Delhi and Mumbai.
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Jet Airways and Air Seychelles have unveiled a code-share partnership that offers travellers enhanced connections on their
respective networks. Jet Airways will place its “9W” code on Air Seychelles’ four per week flights between Mumbai and Mahé as
well as the carrier’s flights to Abu Dhabi and Johannesburg. In turn, Air Seychelles will place its “HM” code on Jet Airways’
domestic services from Mumbai to Ahmedabad, Jaipur, Kochi, and Thiruvananthapuram, and also on Jet Airways’ international
services between Abu Dhabi and Mumbai. Cramer Ball, Chief Executive Officer, Jet Airways said, “We are pleased to sign this
code-share agreement with Air Seychelles, which reflects our growing ambitions in the region. The agreement makes Seychelles
more accessible to our guests.
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