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 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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Jet Airways has introduced a series of new flights connecting some of India’s fast emerging cities. The new services have already commenced and will connect Ahmedabad with Bhopal and Indore. The airline has also started flights from Ahmedabad to Hyderabad and Pune. The Ahmedabad-Bhopal-Indore-Ahmedabad route and the Ahmedabad-Pune-Hyderabad service will both operate six days a week (every day except Saturday), using Jet’s 68-seat ATR turboprop aircraft. “Jet Airways is pleased to announce new flights linking Ahmedabad with Bhopal-Indore, as well as Hyderabad-Pune, following an increased demand from industry as well as tourist traffic,” says Raj Sivakumar, Chief Commercial Officer, Jet Airways.
NEW DELHI: Jet Airways is exploring various options to optimise its fleet but has no immediate plan to put its aircraft for sale.
In a regulatory filing today, the carrier said it was “exploring various options which would optimise its fleet of aircraft and international and domestic network”.
“However we have no current plans to dispose of any substantial part of our fleet,” it added.
The carrier has been looking at ways to raise funds by various means, including possible sale or sale and lease-back of aircraft.
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