Jet Airways
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Jet Airways was incorporated as an air taxi operator on 1 April 1992. It started commercial airline operations on 5 May 1993 with a fleet of 4 Boeing 737-300 aircraft. In January 1994, a change in the law enabled Jet Airways to apply for scheduled airline status, which was granted on 4 January 1995. It began international operations to Sri Lanka in March 2004. While the company is listed on the Bombay Stock Exchange, 80% of its stock is controlled by Naresh Goyal (through his ownership of Jet’s parent company, Tailwinds, and has 10,017 employees (as on March 2007).
Naresh Goyal, who already owned Jetair (Private) Limited, which provided sales and marketing for foreign airlines in India, set up Jet Airways as a full-service scheduled airline to compete against state-owned Indian Airlines. Indian Airlines had enjoyed a monopoly in the domestic market between 1953, (when all major Indian air transport providers were nationalised under the Air Corporations Act – 1953), and January 1994, when the Air Corporations Act was repealed, following which Jet Airways received scheduled airline status.
Jet Airways and Air Sahara were the only private airlines to survive the Indian business downturn of the early 1990s. In January 2006, Jet Airways announced that it would buy Air Sahara for US$500 million in an all-cash deal, making it the biggest takeover in Indian aviation history. The resulting airline would have been the country’s largest but the deal fell through in June 2006.
On 12 April 2007, Jet Airways agreed to buy out Air Sahara for 14.5 billion rupees (US$340 million). Air Sahara was renamed JetLite, and was marketed between a low-cost carrier and a full service airline. In August 2008, Jet Airways announced its plans to completely integrate JetLite into Jet Airways.
Jet Airways serves 64 destinations by itself and 22 destinations across the world through Code Sharing. In addition to destinations across India and other parts of the Indian subcontinent (Colombo, Dhaka, Kathmandu), Jet Airways expanded international operations to include destinations in Asia (Bangkok, Hong Kong, Kuala Lumpur, Shanghai [ending January 13, 2009], Singapore), Europe (Brussels, London), the Middle East (Abu Dhabi, Dubai , Bahrain, Doha, Kuwait, Muscat) and North America (New York, Newark, San Francisco [ending January 13, 2009], Toronto). By July 2007, it was connecting India with over 50 international destinations.
Jet Airways operates a scissors-hub in Brussels, with four Indian cities (Bengaluru, Chennai, Delhi, Mumbai) connected to three North American cities (New York, Newark, Toronto).
Citing the economical downturn of 2008, Jet Airways will suspend the Brussels-Bengalore route as from January 12th 2009, and reduce the capacity on the Mumbai-Brussels-Newark route by replacing its flagship Boeing 777-300ER to an Airbus A330-200 as from January 21st 2009.
Jet Airways will end service to Shanghai, China and San Francisco on January 13, 2009.
International Air Transport Association (IATA) Membership: Jet Airways is a member of the IATA Clearing House and a participant of the IATA Multilateral Agreement for passengers and cargo traffic.
IATA Operational Safety Audit (IOSA) Registration: Jet Airways (India) Ltd. has earned the distinction of receiving the IATA Operational Safety Audit (IOSA) Registration. The airline has successfully completed the Operational Safety Audit and has entered into the IOSA Registry.
Fleet: Jet Airways, as on December 2008, operates a fleet of 85 aircraft, which includes 10 Boeing 777-300 ER aircraft, 10 Airbus A330-200 aircraft, 54 classic and next generation Boeing 737-400/700/800/900 aircraft and 11 modern ATR 72-500 turboprop aircraft. With an average fleet age of 4.45 years, the airline has one of the youngest aircraft fleet in the world.
Class of Service:
A. For the domestic sectors: Business branded – “Première”
For the international Sectors: First Class, Business Class branded – “Première”.
B. Economy
Jet Airways chairman Naresh Goyal and his Kingfisher counterpart Vijay Mallya announced an alliance after a meeting on 13th October 2008 at Mumbai, India. The alliance will include code-sharing on both domestic and international flights, joint fuel management to reduce expenses, common ground handling, joint utilisation of crew and sharing of similar frequent flier programmes.
Registered Office:
Jet Airways (India) Ltd.
S.M. Centre,
Andheri-Kurla Road,
Andheri (East),
Mumbai – 400 059.
India
Tel: +91-22-40191000
Fax: +91-22-29201313
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Review on Jet Airways by manoj prakash singh — March 19, 2010 @ 2:23 pm
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Review on Jet Airways by syed tajamul ahmed quadri — June 9, 2010 @ 12:03 pm