Jet Airways touched an intraday high of Rs 244.10 and an intraday low of Rs 234. At 12:25 pm, the share was quoting at Rs 241.70, down Rs 5.3, or 2.15%.
The company is planning Jet Konnect International operations, said official, quoting NW18, reports CNBC-TV18.
It was trading with volumes of 67,145 shares. Yesterday the share closed up 0.43% or Rs 1.05 at Rs 247.
Monday, July 27, 2009
Thursday, July 23, 2009
When the food takes flight
My mother visited me recently and when I went to the airport to pick her up I found her looking vaguely miffed. “Jet Airways must be in a
really bad shape,” she told me. “Can you believe, we had to pay for our food? And it wasn’t even a budget airline!” She said she’d had a chicken sandwich and it was decent, but she felt sorry for the air crew who had to manage (a) informing passengers that food had to be paid for, (b) telling them about the options, and (c) handling the cash.
It’s doubtless tough on kids who thought they’d be escaping Barista jobs to find themselves doing the same up in the air. But my mother was unfair on Jet. The airline, like all carriers, is hardly in the best shape, but the paid meal was not a sign of that, but an attempt to find a solution. Without realising it she had booked herself on Jet Airways Konnect, their new semi-budget service, which offers most of the usual Jet experience, just minus the
“free” meals.
Whether this will be enough to make Jet profitable, I don’t know. There’s a much quoted figure about the airline business worldwide spending $40 billion on meals, but I still find it hard to believe that cutting reheated portions of puri-bhaji is going to make that much difference. It seems a somewhat symbolic gesture and it’s actually one I rather welcome. Because it might open the way to make airline eating really interesting again. I’m talking, please note, of Economy/Coach food.
Airlines love doing stories about how they’re getting top chefs to design their menus, and how well they score on surveys like a recent Esquire one which lauded Jet for serving popcorn on their international flights to go with their special entertainment menu. But all this is in first class or business, and while many ET readers will be flying that, most of us will be going Economy when we’re paying our own way (and even when our companies are, these days).
When airlines first started serving food, their model seemed simple – copy the trains which were their main competition. Guillaume de Syon, an American historian who has researched airline food, says that Air Union, a precursor of Air France, simply got railway caterers to produce similar food. And they found that nervous passengers, most of them flying for the first time, welcomed the food for reasons more than just being hungry: “The need to pass time and experience something in common while in the air means that... passengers actually look forward to the dining event,” writes de Syon.
This was enough to make meals standard on planes and the first dedicated flight kitchen was set up by United Airlines in 1936. The problem really started when planes started flying higher and pressurised cabins became standard from the 1950s onwards. Pressurisation curtailed kitchen operations and also affected the taste of food, by dehydrating our tastebuds and making them less receptive. Cold cabin temperatures also ensured food cooled fast. The range that could be served reduced, yet passengers were harder to please.
As it happens the 1950s also marked Air India’s ascent of as one of the world’s best airlines. It’s hard for us to imagine this, as we follow our national carrier’s desperate attempts to stay aloft, but it really was seen as such then, and its food was an important part of it. “Even the Economy food was good, just simpler versions of First Class food,” recalls a friend who was in cabin crew at that time. It probably helped that Indian food was discovered to be the one cuisine that stood up to pressurisation quite well.
Much Indian food anyway tastes better made ahead and reheated, lukewarm is the usual temperature we eat at (so it doesn’t burn our hands) and spiciness compensates for the deadened tastebuds. Air India flights like its London-New York hop became popular both for the low fare and the curry that was served. And despite all its problems, its worth noting that Air India has retained its reputation for food. AirlineMeals.net, a website that obsessively, and mostly critically, tracks airline food, has a soft spot for Air India, with much appreciative comments in particular for its “deep fried curried breaded prawns” and Alphonso mangoes (not in Economy, obviously).
really bad shape,” she told me. “Can you believe, we had to pay for our food? And it wasn’t even a budget airline!” She said she’d had a chicken sandwich and it was decent, but she felt sorry for the air crew who had to manage (a) informing passengers that food had to be paid for, (b) telling them about the options, and (c) handling the cash.
It’s doubtless tough on kids who thought they’d be escaping Barista jobs to find themselves doing the same up in the air. But my mother was unfair on Jet. The airline, like all carriers, is hardly in the best shape, but the paid meal was not a sign of that, but an attempt to find a solution. Without realising it she had booked herself on Jet Airways Konnect, their new semi-budget service, which offers most of the usual Jet experience, just minus the
“free” meals.
Whether this will be enough to make Jet profitable, I don’t know. There’s a much quoted figure about the airline business worldwide spending $40 billion on meals, but I still find it hard to believe that cutting reheated portions of puri-bhaji is going to make that much difference. It seems a somewhat symbolic gesture and it’s actually one I rather welcome. Because it might open the way to make airline eating really interesting again. I’m talking, please note, of Economy/Coach food.
Airlines love doing stories about how they’re getting top chefs to design their menus, and how well they score on surveys like a recent Esquire one which lauded Jet for serving popcorn on their international flights to go with their special entertainment menu. But all this is in first class or business, and while many ET readers will be flying that, most of us will be going Economy when we’re paying our own way (and even when our companies are, these days).
When airlines first started serving food, their model seemed simple – copy the trains which were their main competition. Guillaume de Syon, an American historian who has researched airline food, says that Air Union, a precursor of Air France, simply got railway caterers to produce similar food. And they found that nervous passengers, most of them flying for the first time, welcomed the food for reasons more than just being hungry: “The need to pass time and experience something in common while in the air means that... passengers actually look forward to the dining event,” writes de Syon.
This was enough to make meals standard on planes and the first dedicated flight kitchen was set up by United Airlines in 1936. The problem really started when planes started flying higher and pressurised cabins became standard from the 1950s onwards. Pressurisation curtailed kitchen operations and also affected the taste of food, by dehydrating our tastebuds and making them less receptive. Cold cabin temperatures also ensured food cooled fast. The range that could be served reduced, yet passengers were harder to please.
As it happens the 1950s also marked Air India’s ascent of as one of the world’s best airlines. It’s hard for us to imagine this, as we follow our national carrier’s desperate attempts to stay aloft, but it really was seen as such then, and its food was an important part of it. “Even the Economy food was good, just simpler versions of First Class food,” recalls a friend who was in cabin crew at that time. It probably helped that Indian food was discovered to be the one cuisine that stood up to pressurisation quite well.
Much Indian food anyway tastes better made ahead and reheated, lukewarm is the usual temperature we eat at (so it doesn’t burn our hands) and spiciness compensates for the deadened tastebuds. Air India flights like its London-New York hop became popular both for the low fare and the curry that was served. And despite all its problems, its worth noting that Air India has retained its reputation for food. AirlineMeals.net, a website that obsessively, and mostly critically, tracks airline food, has a soft spot for Air India, with much appreciative comments in particular for its “deep fried curried breaded prawns” and Alphonso mangoes (not in Economy, obviously).
Tuesday, July 14, 2009
Hyderabad-Dubai flights
Hyderabad-Dubai flights
Jet Airways, based in Mumbai, India, has launched daily, non-stop services between Jeddah in Saudi Arabia and Mumbai. In addition, Jet Airways is planning to launch daily, direct services between Hyderabad in India and Dubai in the United Arab Emirates (UAE) from August 16, 2009 – the airline’s 5th daily flight to the UAE from India.
The Jeddah-Mumbai flight, which took off on July 14, 2009, is Jet Airways’ first flight to Saudi Arabia, and Jeddah is the airline’s 7th destination in the Persian Gulf region.
Jeddah is the second biggest city in Saudi Arabia and also a commercial hub. It is the main gateway to Mecca, the holiest city of Islam.
Jet Airways’ Flight 9W 521 leaves Jeddah at 0100 hours and reaches Mumbai at 0835 hours. In the return direction, Flight 9W 522 takes of from Mumbai at 2135 hours and lands in Jeddah at 0001 hours.
Jet Airways already flies from major cities in India to Kuwait, Muscat, Bahrain, Dubai, Doha, and Abu Dhabi – offering seamless connections domestically and internationally, a press release from the carrier said.
Fareed Al Alawi, Jet Airways’ vice-president (Gulf & Middle East), said in the press release that, for the inaugural flight between Mumbai and Jeddah, the airline used a Boeing 737-800 aircraft that offers personalised in-flight entertainment on every seat, gourmet cuisine as well as world-class service.
For the service on the Hyderabad-Dubai route, set to start on August 16, 2009, Jet Airways will use a Boeing 737-800 plane.
From August 16, 2009 to October 24, 2009, and from March 28, 2010, to October 30, 2010, Jet Airways’ Flight 9W 550 will take off from Hyderabad at 0840 hours and land in Dubai at 1100 hours.
On the return leg, Flight 9W 549 will leave Dubai at 1200 hours and reach Hyderabad at 1710 hours.
From October 25, 2009 to March 27, 2010, Flight 9W 550 will leave Hyderabad at 0840 hours and land in Dubai at 1120 hours. In the return direction, Flight 9W 549 will take of from Dubai at 1220 hours and touch down in Hyderabad at 1710 hours.
At present, Jet Airways operates twice-a-day services to Dubai from Mumbai, and once-a-day services to Dubai from New Delhi and Chennai.
With the launch of the Hyderabad-Dubai flight, Jet Airways will be operating a total of 17 frequencies to 7 destinations in the Persian Gulf region from various cities in India.
Jet Airways, based in Mumbai, India, has launched daily, non-stop services between Jeddah in Saudi Arabia and Mumbai. In addition, Jet Airways is planning to launch daily, direct services between Hyderabad in India and Dubai in the United Arab Emirates (UAE) from August 16, 2009 – the airline’s 5th daily flight to the UAE from India.
The Jeddah-Mumbai flight, which took off on July 14, 2009, is Jet Airways’ first flight to Saudi Arabia, and Jeddah is the airline’s 7th destination in the Persian Gulf region.
Jeddah is the second biggest city in Saudi Arabia and also a commercial hub. It is the main gateway to Mecca, the holiest city of Islam.
Jet Airways’ Flight 9W 521 leaves Jeddah at 0100 hours and reaches Mumbai at 0835 hours. In the return direction, Flight 9W 522 takes of from Mumbai at 2135 hours and lands in Jeddah at 0001 hours.
Jet Airways already flies from major cities in India to Kuwait, Muscat, Bahrain, Dubai, Doha, and Abu Dhabi – offering seamless connections domestically and internationally, a press release from the carrier said.
Fareed Al Alawi, Jet Airways’ vice-president (Gulf & Middle East), said in the press release that, for the inaugural flight between Mumbai and Jeddah, the airline used a Boeing 737-800 aircraft that offers personalised in-flight entertainment on every seat, gourmet cuisine as well as world-class service.
For the service on the Hyderabad-Dubai route, set to start on August 16, 2009, Jet Airways will use a Boeing 737-800 plane.
From August 16, 2009 to October 24, 2009, and from March 28, 2010, to October 30, 2010, Jet Airways’ Flight 9W 550 will take off from Hyderabad at 0840 hours and land in Dubai at 1100 hours.
On the return leg, Flight 9W 549 will leave Dubai at 1200 hours and reach Hyderabad at 1710 hours.
From October 25, 2009 to March 27, 2010, Flight 9W 550 will leave Hyderabad at 0840 hours and land in Dubai at 1120 hours. In the return direction, Flight 9W 549 will take of from Dubai at 1220 hours and touch down in Hyderabad at 1710 hours.
At present, Jet Airways operates twice-a-day services to Dubai from Mumbai, and once-a-day services to Dubai from New Delhi and Chennai.
With the launch of the Hyderabad-Dubai flight, Jet Airways will be operating a total of 17 frequencies to 7 destinations in the Persian Gulf region from various cities in India.
Monday, July 13, 2009
Jet offers special base fares on select routes
Private air-carrier, Jet Airways today announced a special 5-day base fares, excluding taxes and surcharge, on some key routes across
the country.
These special fares, which are in the Rs 150-Rs 900 range, are applicable only on flights departing between 12.30 pm-4.30 pm and 8.30 pm and 7 am on sectors such as Srinagar-Jammu, Guwahati-Imphal, Indore-Mumbai and Mumbai-Chennai, among others, a company release said here.
The tickets under the offer, effective from today, can be booked up to July 27 and the travel on these tickets would be valid till March 31, 2010, the release said.
Jet Airways, Jet Konnect and JetLite offer a special base fare of Rs 150 on routes including Srinagar-Jammu, Guwahati-Imphal, Mumbai-Raipur and Indore-Mumbai, it said.
On routes such as Mumbai-Chennai, Delhi-Mumbai/Pune, Huderabad-Delhi, the special fares would be Rs 400, the release said, adding, on Sectors such as Guwahati-Delhi and Mumbai-Kolkata, the special base offer is Rs 900.
the country.
These special fares, which are in the Rs 150-Rs 900 range, are applicable only on flights departing between 12.30 pm-4.30 pm and 8.30 pm and 7 am on sectors such as Srinagar-Jammu, Guwahati-Imphal, Indore-Mumbai and Mumbai-Chennai, among others, a company release said here.
The tickets under the offer, effective from today, can be booked up to July 27 and the travel on these tickets would be valid till March 31, 2010, the release said.
Jet Airways, Jet Konnect and JetLite offer a special base fare of Rs 150 on routes including Srinagar-Jammu, Guwahati-Imphal, Mumbai-Raipur and Indore-Mumbai, it said.
On routes such as Mumbai-Chennai, Delhi-Mumbai/Pune, Huderabad-Delhi, the special fares would be Rs 400, the release said, adding, on Sectors such as Guwahati-Delhi and Mumbai-Kolkata, the special base offer is Rs 900.
Friday, July 10, 2009
Jewellery stolen from flier’s bags
A Jet Airways passenger has alleged that he found his luggage had been tampered with and gold jewellery stolen from a suitcase when he claimed the bags at Dum Dum airport today.
Swambhu Saran Mitra, who flew in from Agartala at 6.30pm, said he found that two of his four bags had broken locks and torn Jet Airways seals when they emerged on the conveyor belt. “One bag had a lock missing but the Jet Airways sticker was intact. But the VIP suitcase lock was broken and the sticker also torn,” Mitra, who had gone to Agartala with his family, said.
He contacted the airline’s security personnel. “I opened the bag and suitcase in front of them. The jewellery box that was at the bottom of the suitcase was on top and empty,” said Mitra, who works in Dubai. The box had a gold necklace, two pairs of gold earrings and a gold bangle. “The jewellery will be worth at least Rs 1.5 lakh.”
The airline has said it will probe Mitra’s case. The CISF has confirmed that the locks were found broken.
Swambhu Saran Mitra, who flew in from Agartala at 6.30pm, said he found that two of his four bags had broken locks and torn Jet Airways seals when they emerged on the conveyor belt. “One bag had a lock missing but the Jet Airways sticker was intact. But the VIP suitcase lock was broken and the sticker also torn,” Mitra, who had gone to Agartala with his family, said.
He contacted the airline’s security personnel. “I opened the bag and suitcase in front of them. The jewellery box that was at the bottom of the suitcase was on top and empty,” said Mitra, who works in Dubai. The box had a gold necklace, two pairs of gold earrings and a gold bangle. “The jewellery will be worth at least Rs 1.5 lakh.”
The airline has said it will probe Mitra’s case. The CISF has confirmed that the locks were found broken.
Wednesday, June 24, 2009
Jet Airways: Don't Expect Delay in Boeing 787 Delivery
Jet Airways (India) Ltd. said Wednesday it doesn't expect any delay in the delivery of its 787 Dreamliner planes from Boeing Co.
Boeing has postponed the first flight of its next-generation aircraft, scheduled to occur by the end of this month, due to structural problems that could hamper maneuverability.
"Our delivery dates are far off," Wolfgang Prock-Schauer, Jet's chief executive, told Dow Jones Newswires by phone.
"Boeing might come on track with their delivery schedule. We do not foresee any delay in delivery of the planes," he said.
The latest delay is the fifth time Boeing has put off the program due to hitches in the plane's design or production.
Jet, the country's second-largest carrier by marketshare, had placed an order for 10 of the aircraft, with an option for 10 more, in December 2006. Deliveries were due to start from 2011.
Boeing has postponed the first flight of its next-generation aircraft, scheduled to occur by the end of this month, due to structural problems that could hamper maneuverability.
"Our delivery dates are far off," Wolfgang Prock-Schauer, Jet's chief executive, told Dow Jones Newswires by phone.
"Boeing might come on track with their delivery schedule. We do not foresee any delay in delivery of the planes," he said.
The latest delay is the fifth time Boeing has put off the program due to hitches in the plane's design or production.
Jet, the country's second-largest carrier by marketshare, had placed an order for 10 of the aircraft, with an option for 10 more, in December 2006. Deliveries were due to start from 2011.
Tuesday, June 23, 2009
Jet takes off on the low-cost, no-frills route
ew Delhi, Mumbai, June 17 To draw more passengers, Jet Airways is going the low-cost way. By end-June, 110 of its 290 flights will offer no-frills services.
No free meals
The 110 flights will be offered on Jet’s sub-brand, Konnect, launched on May 8. The on-ground and in-flight service on Konnect will be delivered by Jet Airways staff; however, travellers will have to buy their meals on board.
Jet Airways also owns JetLite low-cost airline, which will operate 109 daily flights. Thus, of the 400 daily flights, about 220 will have only the economy class.
Giving financial analysts, an indication of things to come, the airline’s Chief Executive Officer, Mr Wolfgang Prock-Schauer, said, “For the short to medium term, the company is adapting to the existing market realities and intends to capture price-sensitive markets through Jet Konnect, in addition to the JetLite offering. These are no-frills economy class services designated to meet the needs of the of the low-fare segment.”
He said the global recession had impacted corporate travel as companies were cutting down costs and travel. “Leisure travel has been impacted.
The domestic market has shown a decline of around 10 per cent for the year ended March 2009 and as against this capacity offered has reduced only by 3 per cent for the period. Currently, yields have been on the decline due to low occupancy in business class,” he added.
The Chief Commercial Officer, Mr Sudheer Raghavan, said that with consumer demand changing rapidly in a dynamic global environment, the Konnect service will give the airline the flexibility and the speed to deploy capacity to meet these changing trends.
The service, which was launched with two Boeing 737s and six ATRs, will have a fleet of seven Boeing and 10 ATR aircraft by the end of the month.
Kingfisher too
The decision of Jet Airways to operate more flights in the no-frills economy class airlines from among its brands comes on the heels of another full-service airline, Kingfisher, going the same path, In May, Kingfisher Airlines converted more than 20 flights to Kingfisher Red, its low-cost cousin.
The decision of Jet Airways to go the low-cost road will affect several vendors including those in the catering business. “The move will result in a drop of about 25 per cent in the catering business, which means that if Jet Airways was uplifting 100 meals a day, they will now pick up only 75,” a source in the catering industry said.
The move could also affect the travel agents as their incomes can get affected due to lower fares.
No free meals
The 110 flights will be offered on Jet’s sub-brand, Konnect, launched on May 8. The on-ground and in-flight service on Konnect will be delivered by Jet Airways staff; however, travellers will have to buy their meals on board.
Jet Airways also owns JetLite low-cost airline, which will operate 109 daily flights. Thus, of the 400 daily flights, about 220 will have only the economy class.
Giving financial analysts, an indication of things to come, the airline’s Chief Executive Officer, Mr Wolfgang Prock-Schauer, said, “For the short to medium term, the company is adapting to the existing market realities and intends to capture price-sensitive markets through Jet Konnect, in addition to the JetLite offering. These are no-frills economy class services designated to meet the needs of the of the low-fare segment.”
He said the global recession had impacted corporate travel as companies were cutting down costs and travel. “Leisure travel has been impacted.
The domestic market has shown a decline of around 10 per cent for the year ended March 2009 and as against this capacity offered has reduced only by 3 per cent for the period. Currently, yields have been on the decline due to low occupancy in business class,” he added.
The Chief Commercial Officer, Mr Sudheer Raghavan, said that with consumer demand changing rapidly in a dynamic global environment, the Konnect service will give the airline the flexibility and the speed to deploy capacity to meet these changing trends.
The service, which was launched with two Boeing 737s and six ATRs, will have a fleet of seven Boeing and 10 ATR aircraft by the end of the month.
Kingfisher too
The decision of Jet Airways to operate more flights in the no-frills economy class airlines from among its brands comes on the heels of another full-service airline, Kingfisher, going the same path, In May, Kingfisher Airlines converted more than 20 flights to Kingfisher Red, its low-cost cousin.
The decision of Jet Airways to go the low-cost road will affect several vendors including those in the catering business. “The move will result in a drop of about 25 per cent in the catering business, which means that if Jet Airways was uplifting 100 meals a day, they will now pick up only 75,” a source in the catering industry said.
The move could also affect the travel agents as their incomes can get affected due to lower fares.
SpiceJet raises fuel surcharge by Rs.400
SpiceJet raises fuel surcharge by Rs.400
Low-cost carrier SpiceJet Thursday hiked its fuel surcharge by Rs.400 following a recent hike in aviation turbine fuel (ATF) rates.
'We have increased fuel surcharge by Rs.400 on our flights with immediate effect,' Samyukta Shreedharan, SpiceJet chief operating officer, told reporters here.
SpiceJet's decision comes two days after leading private carriers Jet Airways and Kingfisher Airlines announced hike in their fuel surcharge.
Both airlines raised fares by Rs.400 from Tuesday on all domestic sectors.
'The increase was necessitated by sharp increase in ATF prices by 33 percent since March 2009,' Jet said in a statement Wednesday morning.
National carrier Air India said it has not yet decided on a fare hike.
State-run oil firms hiked fuel prices by 12 percent Monday, the sixth increase since March 16. ATF now costs Rs.36,252 per kilolitre in Delhi, an increase of Rs.3,949. In Mumbai, it costs Rs.37,367 per kilolitre as compared to Rs.33,260 earlier.
Low-cost carrier SpiceJet Thursday hiked its fuel surcharge by Rs.400 following a recent hike in aviation turbine fuel (ATF) rates.
'We have increased fuel surcharge by Rs.400 on our flights with immediate effect,' Samyukta Shreedharan, SpiceJet chief operating officer, told reporters here.
SpiceJet's decision comes two days after leading private carriers Jet Airways and Kingfisher Airlines announced hike in their fuel surcharge.
Both airlines raised fares by Rs.400 from Tuesday on all domestic sectors.
'The increase was necessitated by sharp increase in ATF prices by 33 percent since March 2009,' Jet said in a statement Wednesday morning.
National carrier Air India said it has not yet decided on a fare hike.
State-run oil firms hiked fuel prices by 12 percent Monday, the sixth increase since March 16. ATF now costs Rs.36,252 per kilolitre in Delhi, an increase of Rs.3,949. In Mumbai, it costs Rs.37,367 per kilolitre as compared to Rs.33,260 earlier.
Tuesday, June 16, 2009
Jet Airways raises fuel surcharge post-ATF hike
Jet Airways raises fuel surcharge post-ATF hike
MUMBAI (Reuters) - Carrier Jet Airways on Wednesday said it has raised the fuel surcharge on tickets by 400 rupees across all domestic sectors effective June 17.
The move comes a day after state-run oil firms raised jet fuel prices by over 12 percent from June 16, according to the website of Indian Oil Corp.'s, the country's biggest refiner.
The increase "will be applicable on all flights of Jet Airways, Jet Airways Konnect and JetLite," Jet Airways said in a statement.
At 11:18 a.m., shares of Jet Airways were up 3.2 percent at 270.65 rupees in the Mumbai market.
MUMBAI (Reuters) - Carrier Jet Airways on Wednesday said it has raised the fuel surcharge on tickets by 400 rupees across all domestic sectors effective June 17.
The move comes a day after state-run oil firms raised jet fuel prices by over 12 percent from June 16, according to the website of Indian Oil Corp.'s, the country's biggest refiner.
The increase "will be applicable on all flights of Jet Airways, Jet Airways Konnect and JetLite," Jet Airways said in a statement.
At 11:18 a.m., shares of Jet Airways were up 3.2 percent at 270.65 rupees in the Mumbai market.
Jet Airways slips 4%
Jet Airways slips 4%
Jet Airways touched an intraday high of Rs 270 and an intraday low of Rs 261. At 10:12 am, the share was quoting at Rs 266.15, down Rs 11.4, or 4.11%.
The PSU Oil companies is going to hike jet fuel prices by average of Rs 4,079/kl from Tuesday, reports CNBC-TV18.
It was trading with volumes of 34,316 shares. Yesterday the share closed down 3.68% or Rs 10.60 at Rs 277.55.
Jet Airways touched an intraday high of Rs 270 and an intraday low of Rs 261. At 10:12 am, the share was quoting at Rs 266.15, down Rs 11.4, or 4.11%.
The PSU Oil companies is going to hike jet fuel prices by average of Rs 4,079/kl from Tuesday, reports CNBC-TV18.
It was trading with volumes of 34,316 shares. Yesterday the share closed down 3.68% or Rs 10.60 at Rs 277.55.
| Share Price Movement During The Last 12 Months | ||||
| Period | Price | Latest Price | Gain/Loss (Rs.) | % Gain/Loss |
| 3-Days | 304.30 | 266.15 | -38.15 | -12.54 |
| 5-Days | 305.25 | 266.15 | -39.10 | -12.81 |
| 7-Days | 308.90 | 266.15 | -42.75 | -13.84 |
| 15-Days | 317.10 | 266.15 | -50.95 | -16.07 |
| 1-Month | 213.45 | 266.15 | 52.70 | 24.69 |
| 3-Month | 149.20 | 266.15 | 116.95 | 78.38 |
| 6-Month | 148.70 | 266.15 | 117.45 | 78.98 |
| 9-Month | 511.30 | 266.15 | -245.15 | -47.95 |
| 1-Year | 534.10 | 266.15 | -267.95 | -50.17 |
Crude shock: Jet Airways says fare hike is inevitable
Crude shock: Jet Airways says fare hike is inevitable
With oil price ruling above the USD 70 per barrel mark, the Indian aviation sector is feeling the pinch. So, will the rise in crude oil prices force Jet Airways to hike prices soon?
aroj Datta, Executive Director, Jet Airways, said sooner or later the increase in fuel prices will have to be passed on either as a hike in fares or as a fuel surcharge. “The rise in crude it is leading to increases in ATF prices. Every ATF price increase is reflected in a price increase by Indian oil companies and has an adverse impact.”
He wants the Finance Minister to reduce taxes and give ATF declared goods status.
Also see: Crude may go up to $67.3/bbl: Safetrade Advisors
Here is a verbatim transcript of the exclusive interview with Saroj Datta on CNBC-TV18. Also see the accompanying video.
Q: What about crude oil prices that are hovering around that USD 70 per barrel mark? What kind of impact is this having on the cost structures of your airlines and the sector in general?
A: Quite obviously it is leading to increases in ATF prices. Every ATF price increase is reflected in a price increase by Indian oil companies and has an adverse impact. To what extent, I won’t be able to quantify it and tell you right now, but quite obviously sooner or later it will have to be reflected in some form or the other on fares or fuel surcharge or whatever it is. Otherwise, I don’t see how airlines – I am talking about carriers, operators in India who are already making very substantial losses ‑ will be able to continue to even move towards breakeven if we don’t do anything with the fares and the fuel surcharge.
Q: As you have pointed out, ATF prices are rising and the government has clearly pointed out that don’t expect any relief from us. In that sort of a scenario, are you now saying that a fare hike is really inevitable and consumers must brace themselves?
A: My personal opinion is that it is almost inevitable. I don’t know precisely at what level fuel surcharges are today relative to what the fare levels were at that time. But as a matter of principle, logically it must reflect itself sooner or later into some form of increase. I am sure the airlines in India have been paying attention to this.
Q: One of the pending demands for this sector has been declared goods status for ATF. Do you expect that to materialise this time around?
A: We hope it will be heard. The industry has been making representations to the government about the requirement or the need to look at it and to implement it for several years now. The important point is that it has become an industry with very low yields and high import costs. In India, input cost are substantially higher than elsewhere in the world with fuel taxes being 25-26%. You have read what the Director General of IATA had to say recently about the airport and the user charges that are being levied. All of that is making it even more difficult for the airlines to breakeven. Unless the aviation industry is a self-sustaining industry, there is no way it can continue to survive. How long will it survive when it is making losses?
Some of us will have to go out of business, some will survive may be because of government support or because of enough capital available. But it is a very difficult situation that we are in. We sincerely hope that the new government and the Finance Minister will take steps to reduce taxes, make it a declared status, and give us some relief.
Q: The picture is certainly looking bleak for the aviation sector but all indications at this point suggest that the declared goods status will continue to be a long standing demand. It doesn’t seem to be on the priority as far as the government is concerned at least at this point because the states refused to play ball. But the other issue that is being discussed right now is the change as far as the FDI regulation are concerned for the sector. I know that Jet really hasn’t been in favour of opening up the sectoral cap further. Do you continue to maintain that stand?
A: We don’t see what benefit the relaxation of the FDI policy at this point will bring to the industry. The foreign airlines themselves are incurring huge losses and we don’t see why they should be interested in investing in companies which are losing money in India. The primary interest for any foreign airline to invest in Indian carriers would be nearly to get access to the Indian market more effectively than they are able to do merely through marketing arrangements and whether it will bring more capital in. So, whether it will enable the industry to do better is a very difficult question.
We don’t see an immediate need to change the policy. Let the industry do well. When the Indian carriers can negotiate on strong terms with foreign airlines in the market then may be it can be considered. But it is too early to talk of it really.
With oil price ruling above the USD 70 per barrel mark, the Indian aviation sector is feeling the pinch. So, will the rise in crude oil prices force Jet Airways to hike prices soon?
aroj Datta, Executive Director, Jet Airways, said sooner or later the increase in fuel prices will have to be passed on either as a hike in fares or as a fuel surcharge. “The rise in crude it is leading to increases in ATF prices. Every ATF price increase is reflected in a price increase by Indian oil companies and has an adverse impact.”
He wants the Finance Minister to reduce taxes and give ATF declared goods status.
Also see: Crude may go up to $67.3/bbl: Safetrade Advisors
Here is a verbatim transcript of the exclusive interview with Saroj Datta on CNBC-TV18. Also see the accompanying video.
Q: What about crude oil prices that are hovering around that USD 70 per barrel mark? What kind of impact is this having on the cost structures of your airlines and the sector in general?
A: Quite obviously it is leading to increases in ATF prices. Every ATF price increase is reflected in a price increase by Indian oil companies and has an adverse impact. To what extent, I won’t be able to quantify it and tell you right now, but quite obviously sooner or later it will have to be reflected in some form or the other on fares or fuel surcharge or whatever it is. Otherwise, I don’t see how airlines – I am talking about carriers, operators in India who are already making very substantial losses ‑ will be able to continue to even move towards breakeven if we don’t do anything with the fares and the fuel surcharge.
Q: As you have pointed out, ATF prices are rising and the government has clearly pointed out that don’t expect any relief from us. In that sort of a scenario, are you now saying that a fare hike is really inevitable and consumers must brace themselves?
A: My personal opinion is that it is almost inevitable. I don’t know precisely at what level fuel surcharges are today relative to what the fare levels were at that time. But as a matter of principle, logically it must reflect itself sooner or later into some form of increase. I am sure the airlines in India have been paying attention to this.
Q: One of the pending demands for this sector has been declared goods status for ATF. Do you expect that to materialise this time around?
A: We hope it will be heard. The industry has been making representations to the government about the requirement or the need to look at it and to implement it for several years now. The important point is that it has become an industry with very low yields and high import costs. In India, input cost are substantially higher than elsewhere in the world with fuel taxes being 25-26%. You have read what the Director General of IATA had to say recently about the airport and the user charges that are being levied. All of that is making it even more difficult for the airlines to breakeven. Unless the aviation industry is a self-sustaining industry, there is no way it can continue to survive. How long will it survive when it is making losses?
Some of us will have to go out of business, some will survive may be because of government support or because of enough capital available. But it is a very difficult situation that we are in. We sincerely hope that the new government and the Finance Minister will take steps to reduce taxes, make it a declared status, and give us some relief.
Q: The picture is certainly looking bleak for the aviation sector but all indications at this point suggest that the declared goods status will continue to be a long standing demand. It doesn’t seem to be on the priority as far as the government is concerned at least at this point because the states refused to play ball. But the other issue that is being discussed right now is the change as far as the FDI regulation are concerned for the sector. I know that Jet really hasn’t been in favour of opening up the sectoral cap further. Do you continue to maintain that stand?
A: We don’t see what benefit the relaxation of the FDI policy at this point will bring to the industry. The foreign airlines themselves are incurring huge losses and we don’t see why they should be interested in investing in companies which are losing money in India. The primary interest for any foreign airline to invest in Indian carriers would be nearly to get access to the Indian market more effectively than they are able to do merely through marketing arrangements and whether it will bring more capital in. So, whether it will enable the industry to do better is a very difficult question.
We don’t see an immediate need to change the policy. Let the industry do well. When the Indian carriers can negotiate on strong terms with foreign airlines in the market then may be it can be considered. But it is too early to talk of it really.
ATF Prices Up 12%, Airlines Yet To Hike Fares
ATF Prices Up 12%, Airlines Yet To Hike Fares
The aviation turbine fuel-ATF prices that constitute 40% of airlines' operating cost, were raised by 12% on the back of increasing oil prices, reported the media. However, airlines are yet to announce the hike in air fares.
State-run oil companies Indian Oil, Bharat Petroleum and Hindustan Petroleum raised aviation turbine fuel prices by Rs.3,949 to Rs 36,252 per kilolitre, effective Monday midnight. In Mumbai, the home to the nation's busiest airport, the price of the fuel will go up from Rs 33,260.8 per kilolitre to Rs 37,367 per kilolitre.
A Kingfisher spokesperson said that the impact of the hike in ATF prices on air fares is being analyzed and a decision will be taken soon. Jet Airways is also keen on a fare hike in the near future. It recently launched Jet Konnect that offers service at fares 15% lesser than Jet Airways. The other airlines are also reportedly scrutinizing the situation, but have not come out with air fare revisions.
The aviation turbine fuel-ATF prices that constitute 40% of airlines' operating cost, were raised by 12% on the back of increasing oil prices, reported the media. However, airlines are yet to announce the hike in air fares.
State-run oil companies Indian Oil, Bharat Petroleum and Hindustan Petroleum raised aviation turbine fuel prices by Rs.3,949 to Rs 36,252 per kilolitre, effective Monday midnight. In Mumbai, the home to the nation's busiest airport, the price of the fuel will go up from Rs 33,260.8 per kilolitre to Rs 37,367 per kilolitre.
A Kingfisher spokesperson said that the impact of the hike in ATF prices on air fares is being analyzed and a decision will be taken soon. Jet Airways is also keen on a fare hike in the near future. It recently launched Jet Konnect that offers service at fares 15% lesser than Jet Airways. The other airlines are also reportedly scrutinizing the situation, but have not come out with air fare revisions.
Jet Konnect ups flights to 100 per day
Jet Konnect ups flights to 100 per day
Jet Airways Konnect, an all economy service run by Jet Airways (India), has increased the number of flights by over 60 per cent within a month of operation to 100 per day.
The increased frequency kicks in with effect from Monday. Konnect was launched with 62 flights on May 8, this year. On June 12, the Naresh Goyal-promoted carrier increased the flights further to 92. The steady month-on-month increase in flights is symptomatic of the pressure facing the struggling aviation industry in India that is desperately seeking to woo travellers with discount pricing. Jet, which is known as a premium airline, wants to limit the dilution of its brand equity and has therefore come up with a new brand to compete in price wars, industry experts said. Jet Airways also controls the economy carrier JetLite. Senior Jet Airways officials told Financial Chronicle that they are introducing Konnect services on price-sensitive routes where lower fares are likely to spur increased occupancy that could help the airline break even and perhaps even earn profits.
“The company has seen an increase in bookings by 35 per cent and the occupancy has also gone up from 50 per cent to 70 per cent for the low cost service,” said Ragini Chopra, vice-president – corporate communications, Jet Airways (India).
The company plans to add four Boeing 737-800 aircraft in a phased manner from June 16, 2009 for the Konnect offering. With the introduction of these new aircraft, Konnect will have a fleet of seven Boeing 737-800 and 10 ATR 72-500 aircraft.
Chopra said the airline has enhanced the capacity in the Boeing 737-800 aircraft by removing the business class seats. “Some aircraft will be able to seat 176, while some can accommodate around 168 passengers,” she said.
When asked, whether the company is planning to increase its fares due to
rising crude oil prices, Chopra said, “Nothing
has been decided on fare hikes. We are watching
the market condition based on which we will take a decision.
Jet Airways Konnect, an all economy service run by Jet Airways (India), has increased the number of flights by over 60 per cent within a month of operation to 100 per day.
The increased frequency kicks in with effect from Monday. Konnect was launched with 62 flights on May 8, this year. On June 12, the Naresh Goyal-promoted carrier increased the flights further to 92. The steady month-on-month increase in flights is symptomatic of the pressure facing the struggling aviation industry in India that is desperately seeking to woo travellers with discount pricing. Jet, which is known as a premium airline, wants to limit the dilution of its brand equity and has therefore come up with a new brand to compete in price wars, industry experts said. Jet Airways also controls the economy carrier JetLite. Senior Jet Airways officials told Financial Chronicle that they are introducing Konnect services on price-sensitive routes where lower fares are likely to spur increased occupancy that could help the airline break even and perhaps even earn profits.
“The company has seen an increase in bookings by 35 per cent and the occupancy has also gone up from 50 per cent to 70 per cent for the low cost service,” said Ragini Chopra, vice-president – corporate communications, Jet Airways (India).
The company plans to add four Boeing 737-800 aircraft in a phased manner from June 16, 2009 for the Konnect offering. With the introduction of these new aircraft, Konnect will have a fleet of seven Boeing 737-800 and 10 ATR 72-500 aircraft.
Chopra said the airline has enhanced the capacity in the Boeing 737-800 aircraft by removing the business class seats. “Some aircraft will be able to seat 176, while some can accommodate around 168 passengers,” she said.
When asked, whether the company is planning to increase its fares due to
rising crude oil prices, Chopra said, “Nothing
has been decided on fare hikes. We are watching
the market condition based on which we will take a decision.
Wednesday, June 10, 2009
Jet, SpiceJet offer monsoon specials
Jet, SpiceJet offer monsoon specials
Jet Airways, Jet Konnect, JetLite and SpiceJet are offering special fares for a limited period ending June 13. Spice’s offer is between June 10 and 12.
Jet Airways Konnect, JetLite and Jet Airways Konnect have introduced special all-inclusive fares on several key routes valid for travel between July 1 and September 30.
As for SpiceJet, the offer is valid for travel between July 1 and September 15 to all 18 destinations on its direct flight network.
Also Read: Don't see stimulus for aviation in Budget: Praful Patel
Some of the all-inclusive fares ex-Mumbai being offered by SpiceJet are Delhi for Rs 1,830, Ahmedabad for Rs 1,330, Bangalore for Rs 1,530, Kolkata 1,830 etc.
JetLite offers an all-inclusive fare of Rs 1,300 on routes including the Imphal / Kolkata-Guwahati, and Mumbai-Nagpur/ Hyderabad sectors among others.
Jet Airways offers an all-inclusive fare of Rs 1,650 on routes including the Chennai-Bangalore, and Mumbai-Vadodara/Ahmedabad/Hyderabad/Goa sectors.
Jet Airways Konnect service offers an all-inclusive fare of Rs 1,300 on routes including the Kolkata-Agartala, Bangalore-Hyderabad and Chennai-Hyderabad sectors. Fare on routes including the Mumbai-Bangalore/Jaipur sectors is Rs 1,600. The fare is Rs 1,900 on routes including the Mumbai-Chennai/Kochi sectors.
Jet Airways, Jet Konnect, JetLite and SpiceJet are offering special fares for a limited period ending June 13. Spice’s offer is between June 10 and 12.
Jet Airways Konnect, JetLite and Jet Airways Konnect have introduced special all-inclusive fares on several key routes valid for travel between July 1 and September 30.
As for SpiceJet, the offer is valid for travel between July 1 and September 15 to all 18 destinations on its direct flight network.
Also Read: Don't see stimulus for aviation in Budget: Praful Patel
Some of the all-inclusive fares ex-Mumbai being offered by SpiceJet are Delhi for Rs 1,830, Ahmedabad for Rs 1,330, Bangalore for Rs 1,530, Kolkata 1,830 etc.
JetLite offers an all-inclusive fare of Rs 1,300 on routes including the Imphal / Kolkata-Guwahati, and Mumbai-Nagpur/ Hyderabad sectors among others.
Jet Airways offers an all-inclusive fare of Rs 1,650 on routes including the Chennai-Bangalore, and Mumbai-Vadodara/Ahmedabad/Hyderabad/Goa sectors.
Jet Airways Konnect service offers an all-inclusive fare of Rs 1,300 on routes including the Kolkata-Agartala, Bangalore-Hyderabad and Chennai-Hyderabad sectors. Fare on routes including the Mumbai-Bangalore/Jaipur sectors is Rs 1,600. The fare is Rs 1,900 on routes including the Mumbai-Chennai/Kochi sectors.
Jet Airways Konnect to add 30 new flights
Jet Konnect to add 30 new flights
Jet Airways Konnect, the all-economy service launched by Naresh Goyal-owned Jet Airways Konnect last month, will enhance its network to include 30 new flights to its current pan-India network of 62 daily flights effective June 13, said a statement.
With the launch of these new services, Jet Konnect will link Hyderabad and Thiruvananthapuram with Chennai, while enhancing current services on the Coimbatore-Chennai sector.
Jet Airways Konnect will also introduce services from Thiruvananthapuram and Mumbai to Bangalore, while enhancing existing services on the Hyderabad-Bangalore sector. This service currently links several destinations, including Kochi, Pune, Hyderabad, Coimbatore, Ahmedabad, Jaipur, Bhopal, Amritsar, Jorhat, Agartala and Guwahati with five major metros - Mumbai, Delhi, Bangalore, Kolkata and Chennai.
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The Jet Airways Konnect service will operate with a fleet of 10 ATR 72-500 and three Boeing 737-800 aircraft on key domestic routes across India, the statement added. Jet Konnect airline started this service with six ATRs and two B737s on May 8.
Jet Airways Konnect, the all-economy service launched by Naresh Goyal-owned Jet Airways Konnect last month, will enhance its network to include 30 new flights to its current pan-India network of 62 daily flights effective June 13, said a statement.
With the launch of these new services, Jet Konnect will link Hyderabad and Thiruvananthapuram with Chennai, while enhancing current services on the Coimbatore-Chennai sector.
Jet Airways Konnect will also introduce services from Thiruvananthapuram and Mumbai to Bangalore, while enhancing existing services on the Hyderabad-Bangalore sector. This service currently links several destinations, including Kochi, Pune, Hyderabad, Coimbatore, Ahmedabad, Jaipur, Bhopal, Amritsar, Jorhat, Agartala and Guwahati with five major metros - Mumbai, Delhi, Bangalore, Kolkata and Chennai.
More India business stories
The Jet Airways Konnect service will operate with a fleet of 10 ATR 72-500 and three Boeing 737-800 aircraft on key domestic routes across India, the statement added. Jet Konnect airline started this service with six ATRs and two B737s on May 8.
Thursday, May 28, 2009
Jet launches economy-class service, Jet Airways Konnect
Jet launches economy-class service, Jet Airways Konnect
Jet Airways yesterday said it was replacing 19 domestic routes with a new all economy-class service.
The new service, named Jet Airways Konnect, which is parallel to its low-cost arm JetLite, would have 54 flights daily from across 19 domestic sectors, Jet Airways' Chief Commercial Officer Sudheer Raghavan told reporters here.
"Jet Airways Konnect has been designed to meet the needs of the low-fare segments. It would compliment Jet Airways'full service product by providing a service that is better suited to cater to the market that desires an economically priced low-fare product," Raghavan said.
The new service offers a no-frills economy-class service where travellers would be offered attractive and competitive low fares on specific routes, he said."The fares would come down by 12-15 per cent. So the math is in the right ball-park," Raghavan said.
Chennai, Coimbatore, Madurai, Kochi, Mumbai, Ahmedabad, Bhopal, Udaipur, Bangalore, Pune and Mangalore are among the 19 routes that Jet Konnect will fly to.
Raghavan, however, said that while there was a lot common in the operational models of the two - JetLite and Jet Airways Konnect - there would be no overlapping as far as their routes were concerned.
" There would hardly be any overlap between JetLite and Jet Konnect. And even if there is any, we will ensure that the timings are such that there is no confusion and no cannibalisation," the airline official said.
Admitting that the on-going recession had forced the airline to replace its full-service carrier with an all economy-class service on certain routes, Raghavan said," Recession has played a significant part in this decision. But when there is a demand for a full service, we will definitely re-start it."
Jet Airways also said that the new service would not incur any cost."All we are doing is branding. It involves no extra cost," he said.
Raghavan, however, did not divulge the savings on meals that the airline would be making, saying that,"I can't share (that) with you - how much we are going to save or earn."
Jet Airways yesterday said it was replacing 19 domestic routes with a new all economy-class service.
The new service, named Jet Airways Konnect, which is parallel to its low-cost arm JetLite, would have 54 flights daily from across 19 domestic sectors, Jet Airways' Chief Commercial Officer Sudheer Raghavan told reporters here.
"Jet Airways Konnect has been designed to meet the needs of the low-fare segments. It would compliment Jet Airways'full service product by providing a service that is better suited to cater to the market that desires an economically priced low-fare product," Raghavan said.
The new service offers a no-frills economy-class service where travellers would be offered attractive and competitive low fares on specific routes, he said."The fares would come down by 12-15 per cent. So the math is in the right ball-park," Raghavan said.
Chennai, Coimbatore, Madurai, Kochi, Mumbai, Ahmedabad, Bhopal, Udaipur, Bangalore, Pune and Mangalore are among the 19 routes that Jet Konnect will fly to.
Raghavan, however, said that while there was a lot common in the operational models of the two - JetLite and Jet Airways Konnect - there would be no overlapping as far as their routes were concerned.
" There would hardly be any overlap between JetLite and Jet Konnect. And even if there is any, we will ensure that the timings are such that there is no confusion and no cannibalisation," the airline official said.
Admitting that the on-going recession had forced the airline to replace its full-service carrier with an all economy-class service on certain routes, Raghavan said," Recession has played a significant part in this decision. But when there is a demand for a full service, we will definitely re-start it."
Jet Airways also said that the new service would not incur any cost."All we are doing is branding. It involves no extra cost," he said.
Raghavan, however, did not divulge the savings on meals that the airline would be making, saying that,"I can't share (that) with you - how much we are going to save or earn."
Wednesday, May 27, 2009
Four new Jet Konnect flights
Four new Jet Konnect flights
Jet Konnect, Jet Airways' new all-economy service, will include five new services from Wednesday. Four of these services will be
from Kolkata.
The airline will enhance air connectivity with the North-East with flights on Kolkata-Jorhat, Kolkata-Agartala, Kolkata-Guwahati and Guwahati-Agartala sectors. It will also start a new Kolkata-Bangalore service.
"There is latent demand for a quality, all-economy service on several key domestic routes. With the successful introduction of Jet Airways Konnect's new service based on strong demand, we are confident that our new flights will be very well received," said Jet Airways CEO Wolfgang Prock-Schauer.
Jet Konnect, Jet Airways' new all-economy service, will include five new services from Wednesday. Four of these services will be
from Kolkata.
The airline will enhance air connectivity with the North-East with flights on Kolkata-Jorhat, Kolkata-Agartala, Kolkata-Guwahati and Guwahati-Agartala sectors. It will also start a new Kolkata-Bangalore service.
"There is latent demand for a quality, all-economy service on several key domestic routes. With the successful introduction of Jet Airways Konnect's new service based on strong demand, we are confident that our new flights will be very well received," said Jet Airways CEO Wolfgang Prock-Schauer.
Monday, May 25, 2009
Jet Airways Konnect to add five more flights
Jet Airways Konnect to add five more flights
An all new economy service, Jet Airways Konnect will expand its network with the addition of five flights from May 20, reports Economic Times.
Jet Konnect service will enhance connectivity in the North Eastern region with the introduction of flights to Jorhat, Agartala and Guwahati from Kolkata.
Jet Konnect will also include Guwahati-Agartala sector, apart from launching Kolkata-Bengaluru service, Jet said in a statement.
Jet Konnect service, which offers lower fares than full service carrier Jet Airways, (Q, N,C,F)* currently links four major metros, Mumbai, Delhi, Bengaluru and Chennai to several destinations across India.
Started on May 8, Jet Airways Konnect currently operates a fleet of six ATR 72-500 and two Boeing 737-800 aircraft.
Shares of Jet Airways closed up Rs 38.55, or 18.06%, at Rs 252. The total volume of shares traded at the BSE was 9,913 (Monday).
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An all new economy service, Jet Airways Konnect will expand its network with the addition of five flights from May 20, reports Economic Times.
Jet Konnect service will enhance connectivity in the North Eastern region with the introduction of flights to Jorhat, Agartala and Guwahati from Kolkata.
Jet Konnect will also include Guwahati-Agartala sector, apart from launching Kolkata-Bengaluru service, Jet said in a statement.
Jet Konnect service, which offers lower fares than full service carrier Jet Airways, (Q, N,C,F)* currently links four major metros, Mumbai, Delhi, Bengaluru and Chennai to several destinations across India.
Started on May 8, Jet Airways Konnect currently operates a fleet of six ATR 72-500 and two Boeing 737-800 aircraft.
Shares of Jet Airways closed up Rs 38.55, or 18.06%, at Rs 252. The total volume of shares traded at the BSE was 9,913 (Monday).
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Tuesday, May 12, 2009
Jet Konnect| JetKonnect| Jet Konnect Airlines| Jet Konnect Airways| Jet Konnect Air Tickets| Jet Konnect Flight Tickets
JetKonnect
Leading private carrier Jet Airways will launch a new economy service, 'Jet Airways Konnect', from Friday on select sectors, the airline announced on Thursday.
The company said in a regulatory statement that Jet Konnect would offer almost all services of the parent carrier and would help the airline cater to the needs of the consumers opting for low-fare services.
"The only difference will be that Jet Konnect travellers will have to buy their meals on-board," the company said. Both Jet Airways and its low-cost carrier JetLite now offer food to their travellers on-board.
The ground and in-flight services of Jet Konnect will be handled by the airline employees, the statement said.
Initially, it will operate with two 737 and six ATR aircraft in sectors like Chennai-Coimbatore, Chennai-Madurai, Chennai-Kochi, Mumbai-Ahmedabad, Mumbai-Bhopal, Mumbai-Udaipur, Bangalore-Pune and Bangalore-Mangalore.
"Consumer demands are changing rapidly in a dynamic global environment. We believe Jet Airways Konnect service will give us the flexibility and speed to deploy capacity to meet these changing trends," Jet Airways chief commercial officer Sudheer Raghavan said.
The company late last month had slashed salaries of its senior employees as part of its cost-cutting measures to cope with the slowdown.
Jet Airways' market share in the first quarter of 2009 stood at 25.3 per cent, while Kingfisher Airlines was ahead of it with 27.2 per cent.
Leading private carrier Jet Airways will launch a new economy service, 'Jet Airways Konnect', from Friday on select sectors, the airline announced on Thursday.
The company said in a regulatory statement that Jet Konnect would offer almost all services of the parent carrier and would help the airline cater to the needs of the consumers opting for low-fare services.
"The only difference will be that Jet Konnect travellers will have to buy their meals on-board," the company said. Both Jet Airways and its low-cost carrier JetLite now offer food to their travellers on-board.
The ground and in-flight services of Jet Konnect will be handled by the airline employees, the statement said.
Initially, it will operate with two 737 and six ATR aircraft in sectors like Chennai-Coimbatore, Chennai-Madurai, Chennai-Kochi, Mumbai-Ahmedabad, Mumbai-Bhopal, Mumbai-Udaipur, Bangalore-Pune and Bangalore-Mangalore.
"Consumer demands are changing rapidly in a dynamic global environment. We believe Jet Airways Konnect service will give us the flexibility and speed to deploy capacity to meet these changing trends," Jet Airways chief commercial officer Sudheer Raghavan said.
The company late last month had slashed salaries of its senior employees as part of its cost-cutting measures to cope with the slowdown.
Jet Airways' market share in the first quarter of 2009 stood at 25.3 per cent, while Kingfisher Airlines was ahead of it with 27.2 per cent.
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