Jet Airways
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| Founded | 1 April 1992 | |||
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| Commenced operations | 5 May 1993 | |||
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| Frequent-flyer program | JetPrivilege | |||
| Member lounge | Jet Lounge | |||
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| Fleet size | 92 (+ 43 orders) | |||
| Destinations | 67 | |||
| Company slogan | The Joy of Flying | |||
| Parent company | Tailwinds Limited | |||
| Headquarters | S.M Center, Andheri-Kurla Rd, Mumbai, Maharashtra, India[1] | |||
| Key people | Naresh Goyal, Founder and Chairman | |||
| Website | JetAirways.com | |||
Jet Airways is a major Indian airline based in Mumbai, Maharashtra. It is India's second largest airline after Air India and the market leader in the domestic sector. It operates over 400 flights daily to 67 destinations worldwide. Its main domestic hubs are Mumbai and Delhi. It has an international hub at Brussels Airport, Belgium. Jet Airways is owned by the London-based billionaire Naresh Goyal.
Contents |
History
Early years
Jet Airways was incorporated as an air taxi operator on 1 April 1992. It started Indian commercial airline operations on 5 May 1993 with a fleet of four leased 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. The company is listed on the Bombay Stock Exchange, but 80% of its stock is controlled by Naresh Goyal (through his ownership of Jet’s parent company, Tailwinds). It has 10,017 employees (as at March 2007).[2]
| Type | Public (BSE: JETAIRWAYS) |
|---|---|
| Industry | Transportation |
| Founded | 1 April 1992 |
| Headquarters | Mumbai, Maharashtra, India |
| Area served | Africa, Asia, Europe and North America |
| Key people |
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| Services | |
| Revenue |  $2.6 billion USD (2009) |
| Employees | 10,017 (2007) |
| Subsidiaries |
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| Website | JetAirways.com |
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.
Air Sahara buyout
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[3] 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 carrier and a full service airline. In August 2008 Jet Airways announced its plans to completely integrate JetLite into Jet Airways.[4]
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.[5] However the employees were later asked to return to work; Civil Aviation Minister Praful Patel said that the management reviewed its decision after he analysed the decision with them.[6][7]
In October 2008 Jet Airways and rival Kingfisher Airlines announced an alliance which primarily includes an agreement on 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.[8]
On 8 May 2009 Jet Airways launched another low-cost airline, Jet Konnect. The new airline uses spare aircraft from Jet Airways' routes that were discontinued due to low passenger load factors. It also uses the same operator code as Jet Airways. The decision to launch a new brand instead of expanding the JetLite network was taken after considering the regulatory delays involved in transferring aircraft from Jet Airways to JetLite, as the two have different operator codes.[9]
Effects of recession
The recession forced Jet Airways to discontinue the following routes: Ahmedabad–London, Amritsar–London, Bangalore–Brussels and Mumbai–Shanghai–San Francisco. It also had to put an indefinite delay on its expansion plans. Jet Airways was forced to lease out seven of its ten Boeing 777-300ERs to survive the financial crunch. Due to the recession all flights to North America were operated on an Airbus A330-200 replacing the 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.
Corporate affairs and identity
Head office
Jet Airways's head office is the S.M. Center, a rented, unmarked six storey building in Andheri,but all the marketing & finance activities take place at Lito Lier (a better place). Mumbai.[10][11] In 2008 Robyn Meredith of Forbes said that the complex was "as shabby as [Jet Airways CEO Naresh] Goyal's home is posh" and that the complex was "in need of a fresh coat of paint". Meredith also said that the complex was 15 minutes driving time from Chhatrapati Shivaji International Airport.[11]
Subsidiaries
JetLite
JetLite was established as Sahara Airlines on 20 September 1991 and began operations on 3 December 1993 with two Boeing 737-200 aircraft. Initially services were primarily concentrated in the northern sectors of India, keeping Delhi as its base, and then operations were extended to cover all the country. Sahara Airlines was rebranded as Air Sahara on 2 October 2000. On 12 April 2007 Jet Airways took over Air Sahara and on 16 April 2007 Air Sahara was renamed as JetLite. JetLite operates a fleet of mixed owned–leased Boeing 737 Next Generation aircraft and Bombardier CRJ-200ER.
Jet Konnect
Jet Konnect is the low-cost brand of India-based Jet Airways. It was launched on 8 May 2009, and shares the same airline code and callsign as Jet Airways. It operates a mixed fleet of ATR 72-500s and Boeing 737-800s.
Operational performance
| Year ended | Passengers | % Increase/Decrease (in PAX) |
RPK | Cargo carried (in tons) |
% Increase/Decrease (in Cargo) |
Aircraft Flown (Block Hours) |
Passenger seat factor (%) |
|---|---|---|---|---|---|---|---|
| April-05 to March-06 | 9,115,459 | - | 7,875 | 105,173 | - | 165,729 | 73.7% |
| April-06 to March-07 | 9,900,970 | 8.62% |
8,538 | 117,946 | 12.14% |
190,911 | 70.2% |
| April-07 to March-08 | 9,786,980 |  1.15% |
8,565 | 114,240 | 3.14% |
194,916 | 70.9% |
| April-08 to March-09 | 7,972,757 | 18.54% |
6,884 | 85,046 | 25.55% |
181,232 | 66.9% |
| April-09 to March-10 | 8,307,447 | 4.2% |
7,085 | 70,049 | 21.41% |
170,229 | 71.6% |
| Year ended | Passengers | % Increase/Decrease (in PAX) |
RPK | Cargo carried (in tons) |
% Increase/Decrease (in Cargo) |
Aircraft Flown (Block Hours) |
Passenger seat factor (%) |
|---|---|---|---|---|---|---|---|
| April-05 to March-06 | 441,142 | - | 1,701 | 10,724 | - | 17,857 | 65.0% |
| April-06 to March-07 | 825,904 | 87.22% |
3,770 | 23,846 | 122.36% |
36,238 | 68.0% |
| April-07 to March-08 | 1,641,930 | 98.80% |
8,350 | 51,517 | 116.04% |
72,598 | 67.5% |
| April-08 to March-09 | 3,107,278 | 89.25% |
14,559 | 96,386 | 87.10% |
131,775 | 68.2% |
| April-09 to March-10 | 3,732,028 | 20.11% |
15,555 | 117,753 | 22.17.% |
135,906 | 80.4% |
Livery
- 1993–2007
Jet Airways' original livery was Navy Blue, Light Grey and Chrome Yellow. The top and bottom of the aircraft were painted in light grey and had the flying sun logo in the navy blue background.
- 2007–present
Jet Airways' current livery was introduced in 2007.[12] The design retained the dark blue and gold-accented colour scheme of Jet Airways' previous corporate identity, along with the airline's "flying sun" logo.[12] The new livery, created with Landor Associates, added yellow and gold ribbons. A new yellow uniform was simultaneously introduced, created by Italian designer Roberto Capucci.[12] Jet Airways introduced its new identity in conjunction with a global brand re-launch which included new aircraft and seating.[12]
Destination
Jet Airways serves 44 domestic destinations and 23 international destinations in 19 countries across southern Africa, Asia, Europe and North America.
- Short-haul routes
Jet Airways' short-haul routes include 44 domestic destinations in India and a few international destinations in South Asia, Southeast Asia and Middle East. Short-haul destinations are served using Boeing 737 Next Generation. ATR 72-500s are used only on domestic regional routes.
- Medium and long-haul routes
Jet Airways serves cities in Africa, East Asia, Southeast Asia, Europe and North America as its long-haul routes using its Airbus A330-200 and Boeing 777-300ER aircraft. London, England was the airline's first long-haul destination and was launched in 2005.
Since 2007 Jet Airways has had a scissors hub at Brussels Airport in Belgium for onward trans-atlantic connections to Canada and the United States.
Jet Airways has codeshare agreements with the following airlines:[13][14]
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Jet Airways has frequent flyer agreements with the following airlines:[14]
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Fleet
Current
The Jet Airways fleet consists of 92 aircraft (at June 2010):[15][16][17]
| Aircraft | In service | Orders | Passengers (First/Première/Economy) |
Notes |
|---|---|---|---|---|
| Airbus A330-200 | 12 | 5 | 220 (0/30/190) 254 (0/18/236) |
10 owned 2 dry leased from ILFC |
| ATR 72-500 | 14 | 6 | 62 (0/0/62) | All will be dry leased |
| Boeing 737-700 | 13 | – | 118 (0/16/102) | 6 owned 7 dry leased |
| Boeing 737-800 | 41 | 20 | 140 (0/16/124) 144 (0/24/120) 170 (0/8/162) 175 (0/0/175) 186 (0/0/186) |
18 owned 23 dry leased |
| Boeing 737-900 | 2 | – | 160 (0/28/132) | Both owned |
| Boeing 777-300ER | 10 | 2 | 312 (8/30/274) | 4 dry leased to Turkish Airlines 3 dry leased to Thai Airways International |
| Boeing 787-8 | – | 10 | TBA | Deliveries starting 2014[18] |
| Total | 92 | 43 | ||
Fleet info
The Boeing customer code for Jet Airways is 7x7-x5R. The airline is known for constantly maintaining its average fleet age below 10 years with regular phasing out of aircraft which are over 10 years of age. As of February 2010, the average age of Jet Airways' fleet was 5.4 years.[19]
Retired
Jet Airways previously operated the following aircraft:
| Aircraft | Operated | In Service from | Replacement | Notes |
|---|---|---|---|---|
| Airbus A340-300E | 3 | 2005-2007 | Airbus A330-200 Boeing 777-300ER |
All were dry leased. |
| Boeing 737-300 | 4 | 1993-1999 | Boeing 737 Next Generation | All were dry leased. |
| Boeing 737-400 | 16 | 1995-2010 | 12 were dry leased. | |
| Boeing 737-500 | 5 | 1996-2001 | All were dry leased. | |
| Total | 28 | |||
Services
Cabin
Domestic & international short haul
Boeing 737 Next Generation aircraft are configured in and Economy Classes. Some Boeing 737s have and all Economy Class cabin layout. The ATR 72-500 have Economy class configuration only.
- Première
The Première features 40-inch extra-wide seats with a personal Widescreen LCD attached to each seat. The Première cabin is configured in a 2-2 abreast pattern.
- Economy Class
Jet Airways Economy class on its Boeing 737 Next Generation features 30-inch seat pitch with personal Widescreen LCD behind each seat. Jet Airways was the World's first airline to introduce in-flight entertainment systems on the Boeing 737 aircraft. The Economy class cabin is configured in a 3-3 abreast pattern on the Boeing 737 Next Generation and 2-2 abreast pattern on the ATR 72-500.
International long haul
With the arrival of its new Airbus A330-200 and Boeing 777-300ER aircraft, Jet Airways has introduced a new cabin with upgraded seats in all classes. The Airbus A330-200 aircraft have two classes: Première and Economy. The Boeing 777-300ER aircraft has three classes of service: First, Première (Business), and Economy. Jet Airways has a three-star rated First and Business Class, and is in the top twenty-five business classes reviewed by Skytrax. Economy class has been reviewed as a three-star product by Skytrax. Being a Full Service Airline, meals are served on all classes of travel.
- First Class
First class is available on all Boeing 777-300ER aircraft. All seats convert to a fully-flat bed, similar to Singapore Airlines first class seat but much smaller. It was the twenty-second airline in the world to have private suites. All seats in First have a 23-inch widescreen LCD monitor with audio-video on-demand systems (AVOD), BOSE noise cancelling headphones, in seat power supply, and USB ports etc. Jet Airways is the first Indian airline to offer fully-enclosed suites on its aircraft; each suite has a closable door, making for a private compartment. Skytrax consumer airline reviewers recently rated Jet Airways First Class as being 14th best in the world.
- Première
Première (Business Class) on the Airbus A330-200 and Boeing 777-300ER international fleet has a fully-flat bed with AVOD entertainment. Seats are configured in a herringbone pattern (1-2-1 on the Boeing 777-300ER, and 1-1-1 on the Airbus A330-200), with each seat offering direct access to the aisle. Première seats on the A330-200s leased from ILFC are configured differently in a 2-2-2 non-herringbone pattern. Each Première Seat has a 15.4-inch flat screen LCD TV with AVOD. USB ports and in-seat laptop power are provided. All seats are standard recliner business-class seats with a few newer aircraft with electronic recline and massager.
- Economy Class
Economy class on Jet's A330-200/777-300ER aircraft has 32-inch seat pitch. Seats on the A330-200/777-300ER have a "hammock-style" net footrest. The cabin is configured in 2-4-2 abreast on the Airbus A330-200, 3-3-3 on the Boeing 777-300ER. Each Economy seat on the A330-200/777-300ER has a personal 10.6-inch touch screen LCD TV with AVOD.
All three classes feature Mood lighting on the Airbus A330-200 and Boeing 777-300ER, with light schemes corresponding to the time of day and flight position.
In-flight entertainment
Jet Airways' Panasonic eFX IFE system on-board the Boeing 737-700/800 and Panasonic eX2 IFE system on-board the Airbus A330-200/Boeing 777-300ER, called "JetScreen", offers audio video on-demand programming (passengers can start, stop, rewind, and fast-forward as desired). It has over 100 movies, 80 TV programmes, 11 audio channels and a CD library of 125 titles. The system operates via individual touchscreen monitors at each seat, and is available in all classes.[20]
Airport lounges
Jet Airways Lounges are offered to First and Première Class passengers, along with JetPrivilege Platinum, Gold or Silver card members. The international lounge at Brussels has showers, business centre, entertainment facilities and children's play areas.[21] Lounges are located in:
Bangalore, Brussels, Chennai, Delhi, Hyderabad, Jaipur, Kolkata, Mumbai, Newark
Frequent-flyer program
JetPrivilege is Jet Airways’ frequent-flyer program.
Awards and achievements[22]
Jet Airways has been given a 3-star rating by Skytrax.
- Best First-Class Service in the World award at Business Traveller’s 20th annual ‘Best in Business Travel’ awards
- Best Business Class & Best Economy Class at the Business Traveller Awards
- Best Program of the Year by Freddie Awards 2007 & 2006
- Best Elite Level for the second year in a row, at the 21st Annual presentation ceremony of the Freddie Awards 2008
- Best Overall in Entertainment at the Avion Awards 2010
- India's Popular Domestic Airline at the SATTE 2006 Awards
- India’s Airline at the World Travel Awards, 2006
- Best Technical Despatch Reliability by Beaver 2002
- Best Cargo Airline of North Asia by Cargo Airline of the Year Awards
- Best Domestic Airline award for the 1st consecutive year and the 5th time in the past two years at the 18th TTG (Travel Trade Gazette) Travel Awards 2007
- Service Excellence Award at Global Managers in Jurassic Park, Sudan.
- India’s Most Respected Company in the Travel and Food Sector by Businessworld 2003
- Best Long Haul Carrier ex-Brussels award at the Tm Travel Awards 2009.
- Best Eastbound Airline from India and Best domestic Airline in India awards at the Abacus Tafi Awards 2009.
- Business Traveller’s Best Indian Airline Award In London.
Incidents & Accidents
- On 1 July 2007, Jet Airways Flight 3307, a ATR 72-212A (registered VT-JCE) which was flying on the Bhopal-Indore route was involved in an accident which was caused by a storm. There were no fatalities amongst the 45 passengers and 4 crew onboard, however the aircraft suffered damages beyond repair.[23]
See also
- Naresh Goyal
- JetLite
- Jet Konnect
References
- ↑ "Airline Membership". IATA. http://www.iata.org/membership/Pages/airline_members_list.aspx?All=true.
- ↑ Jet Airways India | Know investment options, shareholding structure, listings & stock codes
- ↑ "Indian airline Jet Airways is to buy rival carrier Air Sahara in a deal worth $500 m (£284 m).". BBC News. 2006-01-19. http://news.bbc.co.uk/2/hi/south_asia/4626810.stm.
- ↑ JetLite may merge with Jet Airways this year
- ↑ Jet Air lays off 850 flight attendants
- ↑ Praful takes credit for reversal of Jet layoffs
- ↑ Business-standard Jet Airways article
- ↑ Jet and Kingfisher form Alliance
- ↑ "Jet Airways’ low-fare service Konnect takes off today". The Hindu Business Line. http://www.thehindubusinessline.com/2009/05/08/stories/2009050851921500.htm.
- ↑ "Registered Office." Jet Airways. Retrieved on 27 February 2010.
- ↑ 11.0 11.1 Meredith, Robyn. "Beyond Airlines,Beyond India." Forbes. 20 March 2008. Magazine dated 7 April 2008. Retrieved on 27 February 2010.
- ↑ 12.0 12.1 12.2 12.3 "Jet Airways sports new look". Business Standard. 04-2007. http://www.business-standard.com/india/news/jet-airways-sports-new-look/14/21/281436/. Retrieved 2009-03-03.
- ↑ Codeshare
- ↑ 14.0 14.1 FinalfullAnnualReport2008-09
- ↑ jetairways.com – Fleet Information accessdate 20 March 2010
- ↑ Airbus – Orders, Deliveries, Operators Summary to 28th Feb 2010
- ↑ Boeing – Orders and deliveries Customer Summary Through February 2010
- ↑ "'The Boeing 787 actually benefits airlines'". Business-standard.com. 2009-12-17. http://www.business-standard.com/india/news/%5Cthe-boeing-787-actually-benefits-airlines%5C/379823/. Retrieved 2010-07-16.
- ↑ Jet Airways Fleet Age accessdate 20 March 2010
- ↑ Verghese, Vijay (2007-7). "Finally, incredible India". The Nation. http://www.nationmultimedia.com/2007/07/21/travel/travel_30041711.php. Retrieved 2009-03-03.
- ↑ "Jet opens lounge at Brussels airport". Business Standard. 2007-10. http://www.business-standard.com/india/storypage.php?tp=on&autono=29346. Retrieved 2009-03-03.
- ↑ [1] Awards
- ↑ Accident history for 20070701-0 at Aviation Safety Network
External link
- Official website
- Indian Aviation Business news report on Bloomberg
- News timeline for Jet Airways
- Jet Airways buyout of Air Sahara on BBC news
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