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Analysis: Operational profit eludes Jet Airways in Q2 FY2015, outlook positive

Jet Airways' Boeing 737-800 VT-JBD

Jet Airways, India’s largest private airline recently announced results for the second quarter (Q2) and the half-year (1H) for fiscal 2014~2015. The results were the first after a joint announcement with 24% stake holder Etihad Airways PJSC about the airline ceasing operations of its low cost JetKonnect brand exiting the segment. The Jet Group operates two airline operator licenses. 9W …

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Etihad Airlines launches new airline alliance Etihad Airways Partners

(Left to right): Maurizio Merlo, CEO Darwin Airline; Wolfgang Prock-Schauer, CEO airberlin; James Hogan, President and CEO Etihad Airways; Cramer Ball, CEO Jet Airways; Dane Kondić, CEO Air Serbia, Manoj Papa, CEO Air Seychelles; at the launch of Etihad Airways Partners.

Abu Dhabi based Etihad Airways has unveiled a new airline alliance called Etihad Airways Partners (EAP). The alliance is initially made-up of six airlines in which the Gulf behemoth has equity stakes, though it claims to offer partnership opportunities for any airline wishing to join, even if it is part of any existing alliance such as airberlin which is a …

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Jet Airways to commence Abu Dhabi flights from Lucknow, Goa, Ahmedabad

Starting from November 14, Jet Airways will connect three more Indian cities to Abu Dhabi the home of its 24% stake-holder Etihad Airways PJSC. The airline will commence daily non-stop flights from Lucknow, Goa and Ahmedabad to the Emirate and will use two class narrow-body Boeing 737-800s on the routes. While the Lucknow and Ahmedabad flights have been scheduled to …

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Jet Airways trims losses 39% ups revenue 17% on Etihad lifeline; to discontinue JetKonnect

India’s largest private airline, Jet Airways, trimmed its losses by almost 39% to Rs.217 crore (approx. US$ 36.17 million at an exchange rate of Rs.60=$1), in the first quarter of fiscal 2014~2015 which ended on June 30, 2014, when compared to the same period a year ago. Much of this performance increase is due to the financial and operational lifeline …

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Jet Airways and Vietnam Airlines in code-share partnership

Jet Airways' Boeing 737-800 VT-JBD

India’s largest private airline Jet Airways has entered into a reciprocal code-share agreement with national carrier Vietnam Airlines. Jet Airways will place its marketing code on Vietnam Airlines’ flights from Bangkok and Singapore to Ho Chi Minh City (Saigon) and Hanoi. Vietnam Airlines will place its marketing code on Jet Airways’ services between Bangkok and Mumbai/Delhi, and between Singapore and …

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Jet Airways appoints high level executives

Raj Sivakumar has been appointed as chief commercial officer of Jet Airways. He is responsible for the overall development and implementation of a robust sales strategy to enhance market share and maximise revenues. He will report to the chief operating officer. Rajeev Nambiar, an 18 year old veteran of the industry, has joined the airline’s management team as Vice President …

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Jet’s engine service agreement with GE indicates deployment of 777s to Etihad

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

India’s largest private carrier Jet Airways has extended its comprehensive engine service agreement, OnPoint, with General Electric. The agreement valued at over $200 million, will cover the 22 GE90-115B engines powering the airline’s 10 Boeing 777-300ERs, with GE providing the maintenance, repair and overhaul of these engines through 2022. Jet has also contracted GE to increase the thrust of its …

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Jet Airways expands code-share agreement with stakeholder Etihad Airways

India’s largest private carrier Jet Airways has expanded its code-share partnership with Etihad Airways which holds a 24 percent stake in the former. The agreement will allow Jet passengers from India to connect on to flights on the Etihad network via Abu Dhabi to European destinations including, Amsterdam, Brussels, Düsseldorf, Dublin, Frankfurt, Geneva, Manchester, Milan, Munich, and Paris, to north …

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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

New Delhi IGI airport Terminal 2

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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