et airways is a major indian airline based in mumbai

8/7/2019 et Airways is a major Indian airline based in Mumbai

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Jet Airways is a majorIndianairline based in Mumbai, Maharashtra. It is India's largestairline and the market leader in the domestic sector. It operates over 400 flights daily to67 destinations worldwide. Its main hub is Chhatrapati Shivaji International Airport, withsecondary hubs at Delhi,Chennai, Bengaluru, Pune and Kolkatta.[1] It has an internationalhub at Brussels Airport, Belgium. Jet Airways is owned by Naresh Goyal.

Founded 1 April 1992 Commenced operations 5 May 1993 HubsChhatrapati ShivajiInternational Airport (Mumbai) Secondary hubs

Brussels Airport Chennai International Airport Indira Gandhi International Airport (Delhi)

Focus cities

Bengaluru International Airport (Bangalore)

Cochin International Airport (Kochi) Rajiv Gandhi International Airport (Hyderabad) Sardar Vallabhbhai Patel International Airport (Ahmedabad)

Frequent-flyer program JetPrivilege Airport lounge Jet Lounge SubsidiariesJetLite Fleetsize 99 Destinations 71[1] Company slogan The Joy of FlyingParent company TailwindsLimited Headquarters Mumbai,India [2] Key peopleNaresh Goyal, (Founder & Chairman)Website www.jetairways.com

TypePublic(BSE: JETAIRWAYSIndustryTransportation Founded 1 April 1992Headquarters Mumbai,Maharashtra,IndiaArea served Africa,Asia,Europe andNorth

AmericaKey people

Naresh Goyal ,Founder& Chairman Nikos Kardassis, CEO

Services

Airlines & Aviation Airline Catering & Foodservice Ground Handling Services Services

Revenue 10,622.92crore (US$2.31 billion) (2009-10) [4]Employees10,017 (2007)SubsidiariesJetLite

Air Sahara buyout
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In January 2006 Jet Airways announced that it would buy Air Sahara forUS$500 millionin an all-cash deal, making it the biggest takeover in Indian aviation history. The resultingairline would have been the country's largest[5]but the deal fell through in June 2006.

On 12 April 2007 Jet Airways agreed to buy out Air Sahara for INR14.5 billion (US$340

million). Air Sahara was renamed JetLite, and was marketed between a low-cost carrierand a full service airline. In August 2008 Jet Airways announced its plans to completelyintegrate JetLite into Jet Airways.[6]

Present

In October 2008 Jet Airways laid off 1,900 of its employees, resulting in the largest lay-off in the history of Indian aviation.[7] However the employees were later asked to returnto work; Civil Aviation MinisterPraful Patel said that the management reviewed its

decision after he analysed the decision with them.[8][9]

In October 2008 Jet Airways and rival Kingfisher Airlines announced an alliance whichprimarily includes an agreement on code-sharing on both domestic and internationalflights, joint fuel management to reduce expenses, common ground handling, jointutilisation of crew and sharing of similar frequent flier programmes.[10]

On 8 May 2009 Jet Airways launched its low-cost brand, Jet Konnect. The decision tolaunch a new brand instead of expanding the JetLite network was taken after consideringthe regulatory delays involved in transferring aircraft from Jet Airways to JetLite, as thetwo have different operator codes. The brand was launched on sectors that had 50% or

less load factor with the aim of increasing it to 70% and above. Jet officials said that thebrand would cease to exist once the demand for the regular Jet Airways increases. [11]

According to a PTI report, for the third quarter of 2010, Jet Airways (Jet+JetLite) had amarket share of 26.9% [12]in terms of passengers carried, thus making it a market leaderin India, followed by Kingfisher Airlines with 19.9% .

Effects of recession

The recession forced Jet Airways to discontinue the following routes:AhmedabadLondon,AmritsarLondon,BangaloreBrusselsand MumbaiShanghaiSan Francisco.It also had to put an indefinite delay on its expansion plans. Jet Airways was forced tolease out seven of its tenBoeing 777-300ERsto survive the financial crunch. Due to therecession all flights to North America were operated on an Airbus A330-200replacingthe Boeing 777-300ERs. It also had to sell a brand new, yet-to-be-delivered Boeing 777-300ER in 2009 and had to defer all new aircraft deliveries by at least two years. Theairline plans to restore theMumbai-Shanghai route by end the of 2011.[1
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Corporate affairs and identity

[edit] Head office

Jet Airways's head office is the S.M. Center, a rented, unmarked six storey building in

Andheri,Mumbai.[14][15]In 2008 Robyn Meredith ofForbessaid that the complex was "asshabby as [Jet Airways CEO Naresh] Goyal's home is posh" and that the complex was "inneed of a fresh coat of paint". Meredith also said that the complex was 15 minutes drivingtime from Chhatrapati Shivaji International Airport.[15]

Subsidiaries

[edit] JetLite

JetLite was established as Sahara Airlines on 20 September 1991 and began operationson 3 December 1993 with two Boeing 737-200aircraft. Initially services were primarily

concentrated in the northern sectors of India, keeping Delhi as its base, and thenoperations were extended to cover all the country. Sahara Airlines was rebranded as AirSahara on 2 October 2000. On 12 April 2007 Jet Airways took over Air Sahara and on 16April 2007 Air Sahara was renamed as JetLite. JetLite operates a fleet of mixed ownedleased Boeing 737 Next Generationaircraft and Bombardier CRJ-200ER.

[edit] Jet Konnect

Jet Konnectis the low-cost brand of India-based Jet Airways. It was launched on 8 May2009, and shares the same airline code and callsign as Jet Airways. It operates a mixedfleet ofATR 72-500s and Boeing 737-800s.

Destinations

Main article: Jet Airways destinations

Jet Airways serves 47 domestic destinations and 24 international destinations[16] in 19countries across southern Africa, Asia, Europe and North America. Short-hauldestinations are served using Boeing 737 Next Generation.ATR 72-500sare used onlyon domestic regional routes, while long-haul routes are served using its Airbus A330-200

andBoeing 777-300ERaircraft. London,England was the airline's first long-hauldestination and was launched in 2005.

Livery

19932007
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Jet Airways Airbus A340-300E at London Heathrow Airport in 2005 with the 1993-2007livery

Jet Airways Boeing 777-300ERwith the present livery

Jet Airways' original livery was Navy Blue, Light Grey and Chrome Yellow. The top andbottom of the aircraft were painted in light grey and had the flying sun logo in the navyblue background.

2007present

Jet Airways' current livery was introduced in 2007.[26] The design retained the dark blueand gold-accented colour scheme of Jet Airways' previous corporate identity, along withthe airline's "flying sun" logo.[26]The new livery, created with Landor Associates, addedyellow and gold ribbons. A new yellow uniform was simultaneously introduced, createdby Italian designerRoberto Capucci.[26] Jet Airways introduced its new identity inconjunction with a global brand re-launch which included new aircraft and seating.[26]

History

[edit] Early years

Jet Airways was incorporated as an air taxi operator on 1 April 1992. It started Indiancommercial airline operations on 5 May 1993 with a fleet of four leased Boeing 737-300aircraft. In January 1994 a change in the law enabled Jet Airways to apply for scheduledairline status, which was granted on 4 January 1995. It began international operations toSri Lanka in March 2004. The company is listed on the Bombay Stock Exchange, but
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80% of its stock is controlled by Naresh Goyal (through his ownership of Jets parentcompany, Tailwinds). It has 10,017 employees (as at March 2007).[3]
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et airways is a major indian airline based in mumbai

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