Jet Airways is to increase capacity on international routes and induct two Boeing 777s this year. The airline, which earns about 55 per cent of revenue from international operations, has leased five Boeing 777s to Thai Airways; the lease term would end this year.
Air India is the only one domestic airline that has not joined fare war on February 19 morning. Jet Airways announced one of the biggest fire sales in domestic aviation with low ticket prices of Rs 2,250 on 20 lakh seats on the day. Within hours, IndiGo had matched Jet’s fares on many sectors; SpiceJet has already completed a similar firesale last month where it sold 10 lakh tickets at Rs 2,013 each.
India's second largest airline by market share, Jet Airways has leased a wide body aircraft along with 60 of its cabin crew to Abu Dhabi based Etihad Airways, a move that indicates a burgeoning partnership, even before the two airlines ink an equity stake sale. In aviation terms, a wet lease of an aircraft is an arrangement whereby the lessor, in this instance Jet, provides crew, maintenance and aircraft for a consideration.
According to sources in the union aviation ministry, the deal between Jet Airways and Abu Dhabi-based Etihad Airways may be clinched in a month. The government is expected to assuage the concerns of Etihad Airways on investor protection and help both the companies finalise the deal soon, sources
Jet Airways is pushing hard in favour of the Abu Dhabi government's demand to treble the number of seats flown between the two countries to over 40,000 per week from 13,300 at present. According to government sources, Abu Dhabi has asked for a huge revision in the number of seats used by airlines to fly between the two countries and the negotiations with the Indian government will take place next week in the Emirate.
To offer seamless travel to South Africa-bound passengers Jet Airways has entered into a code share arrangement with South African Airways. The code share agreement comes into effect from April 18, a Jet Airways release said in Mumbai on April 16. Code-sharing allows an airline to book its passengers on its partner carriers and provide seamless transport to multiple destinations where it has no presence.
The Centre for Asia Pacific Aviation (CAPA) estimates that Jet Airways could be ordering over 100 aircraft valued at a list price of over $12 billion at the Paris Air Show which is to begin on June 17. The aircraft order is likely to be equally divided between Boeing and Airbus.
Even as the European Commission said it might fine Air India and Jet Airways for not sharing emission data, the two Indian airlines remain opposed to the European Union (EU)’s emission norms for airlines. EU’s emission trading scheme (ETS) requires airlines to report emission data (for flights within and to/from Europe) and purchase credits in case the emission exceeds capped limits.
The Union Civil Aviation Ministry is likely to send a note this week to the Cabinet Secretariat, seeking a post-facto approval for the seat-sharing pact between Etihad Airways and Jet Airways where India offered an additional 36,670 seats on flights between the two countries over the next three years. The bilateral agreement was signed on the same day in April when the Jet-Etihad deal was announced.