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Forgetful Jet Airways pilots lose contact with European ATC, Indian media melodrama

Jet Airways Boeing 777-300ER VT-JEG performing flight 9W117 from London approaches Mumbai airport

March 13, 2014, the entire aviation world was generally concerned due the recent disappearance of Malaysia Airlines flight MH370 a mere five days earlier. In this mix, add two very absent minded pilots of Jet Airways who were flying the airline’s flagship, the Boeing 777-300ER, registration VT-JEG, performing flight 9W 117 from London Heathrow to the airline’s main hub in …

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Gary Toomey quits as Jet CEO

Barely four months after he joined the company, Jet Airways (India) Limited today announced the resignation of its Chief Executive Officer, Mr Gary Toomey. The former Chief Executive Officer of Air New Zealand and Chief Financial Officer of Qantas, Toomey joined Jet Airways on September 25, 2013. Jet’s Chief Financial Officer, Ravishankar Gopalakrishnan, will serve as the acting CEO until …

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Jet Airways to lease three A330-200s to Turkish Airlines

In a December 12th filing with the Borsa Istanbul stock exchange (BIST), national carrier Turkish Airlines has said it will lease three Airbus A330-200 aircraft from India’s Jet Airways for a period of six years. The financial details of the proposed lease were not made available. The middle-eastern giant will lease another five A330s from Dutch lessor AerCap for a …

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Kuwait Airways Chairman suspended for announcing plans to buy five A330s from Jet AIrways

Bulk of Jet Airways' A330-200 fleet sits on the ground at New Delhi airport

Yesterday, Reuters quoting Kuwait Airways Chairman Sami Al-Nesif, reported that Kuwait Airways is buying five A330-200 aircraft from India’s Jet Airways. According to Mr. Al-Nesif, Kuwait Airways wanted to take 11 jets from its old fleet of 17 out of service and use the Jet Airways’ aircraft as a stop gap measure till its order of new Airbus aircraft commence …

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Jetihad is born. Jet Airways completes 24% stake sale to Etihad Airways

Abu Dhabi-based Etihad Airways and Mumbai-based Jet Airways today announced that they have closed the transaction of a 24% equity stake by Etihad Airways in Jet Airways. In a release they said “All requisite Indian regulatory approvals had been obtained by November 12th, 2013. Jet Airways has, on November 20th, 2013, issued and allotted 27,263,372 equity shares of a face …

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Jet Airways and Garuda Indonesia sign code share agreement

Jet Airways and national flag carrier Garuda Indonesia have concluded a code share agreement for connectivity between India and Indonesia.Under the arrangement, using Singapore as a hub, Jet Airways will place its marketing code on Garuda Indonesia’s flights between Singapore and Jakarta and Garuda will place its marketing code on Jet Airways’ flights between Singapore and Mumbai, Delhi and Chennai. …

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Jet Airways offers special airfare discount for Rotary South Asia Literacy Summit in New Delhi

Jet Airways is offering a special discount on domestic airfares to attendees of the Rotary South Asia Literacy Summit to be held in New Delhi on December 14 and 15. The airline will extend a 5% discount on the base fare and fuel surcharge. Use the discount code “JETRSA2013” when making the booking on the Jet Airways website. Other terms …

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Jet Airways request slots at Amsterdam for Winter 2013 season; no flights to Newark

As Bangalore Aviation reported last month, Indian full service carrier Jet Airways is likely to move its long standing trans-Atlantic scissors hub to Amsterdam in conjunction with its new part-owner Etihad Airways. Late last week, Jet applied for the following slots at Amsterdam for the IATA Winter 2013/14 season. 9W 224 – DEL – AMS –> arr: 09.40 333 daily …

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Jetihad is born. Etihad buys 24% stake in Jet Airways for $379 million. To inject additional $220 million.

Etihad Airways to inject additional $220 million in to Jet Airways by Devesh Agarwal We are reproducing the official release. Our analysis of this transaction will follow next week. Jet Airways and Etihad Airways at a glance   Highlights Strategic investment under FDI policy of the Government of India will deliver wide-ranging revenue growth and cost synergy opportunities for both …

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Analysis – Jet Airways decision to axe Chennai-Brussels and add Bangalore-Munich is viable

Jet Airways Airbus A330-300 VT-JWQ. Image copyright Vedant Agarwal.

It has been almost a month since India’s largest airline Jet Airways announced that it was cancelling its flights between Chennai (India’s third largest city) and its once robust scissors hub in Brussels, and I still am having trouble fully understanding the impetus behind the decision, though I do believe that there is a scenario where the move(s) made by …

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Q1 Financial Analysis for Jet Airways

Jet Airways Boeing 737-800 VT-JGA.

Continuing the series of financial analyses of India’s airlines, today we take a look at Q1 for Jet Airways. JetLite will be covered in a separate post, as will overall analysis of the Indian market. Previous Analyses: (Kingfisher, SpiceJet) Surprisingly enough, Jet Airways, often considered the most stable of India’s 3 full service carriers, slid to a pretax loss of …

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