Tag Archives: Jet Airways

Jet Airways Boeing 777-300 operates over Germany for 30 minutes without ATC radio contact

Jet Airways‘ (Mumbai) flight 9W 117 from London (Heathrow) to Mumbai flew over the busy German airspace without radio contact on March 13, five days after Malaysia Airlines flight MH 370 disappeared. Boeing 777-35R VT-JEG (msn 35163) was flown for 30 minutes without positive radio contact from the cockpit crew.

Both pilots, who failed to notice they had lost air traffic control radio contact, were suspended by the company.

Read the full report from the Economic Times: CLICK HERE

Previously the airline on February 12, 2014 had inaugurated flights from the new international integrated terminal T2 at Mumbai’s Chhatrapati Shivaji International Airport on this route to London Heathrow.

Jet Airways’ flight 9W 118 from Mumbai to London Heathrow became the first international flight to take off at 1320 from India’s most new, modern and spacious Terminal 2.

Copyright Photo: Nick Dean/AirlinersGallery.com. Sister ship Boeing 777-35R ER N834BA became VT-JEL (msn 36563) on delivery.

Jet Airways:

Jet Airways starts Hyderabad-Abu Dhabi service on March 1

Jet Airways (Mumbai) launched a new daily nonstop service from Hyderabad to Abu Dhabi staring on March 1, 2014.

Jet Airways flight 9W 550 departed Hyderabad’s Rajiv Gandhi International Airport at 2025 and arrived in Abu Dhabi International Airport at 2310 (LT). On the return leg, the flight 9W 549 will depart Abu Dhabi at 1045 (LT) and arrive in Hyderabad at 1610.

Jet Airways currently operates a daily flight each from Delhi, Kochi and Chennai and 11 flights a week from Mumbai to Abu Dhabi.

The airline will deploy Boeing 737-800 aircraft on the new route.

Jet Airways:

Jet Airways posts a third quarter net loss of $43 million

Jet Airways Group (Jet Airways) (Mumbai) has reported a net loss of $43 million in the third quarter. The group issued this financial statement:

Jet Group reports lower Loss before Tax of INR 2,839 Million for Q3 FY14 as against INR 9,984 Million in Q2 FY 14

Highlights for quarter ended December 31, 2013 vs. December 31, 2012 (Jet Group)

Operational

4% growth in number of passengers.
5% growth in Available Seat Kilometers.
4% growth in number of departures.

Financial

6% increase in operating revenue, Q3 FY14 operating revenues are INR 49,901 Mio vs. Q3 FY13 was INR 47,223 Mio.
1% increase in passenger yields to Rs. 8,056 from Rs. 7,974

Domestic Yields have improved by 20% in Q3 vs the previous quarter whereas Market Share continues to remain strong at 24.6%.

International Operations achieved 81.6% seat load factor vs 78.0% in the same quarter last year.

However, Rupee depreciation, high fuel prices and increase in airport charges continued to impact costs in the current quarter.

Instances of aircraft on ground impacted the quarter by INR 1,057 million. During the quarter 2 A330’s were sold and the balance access capacity is expected to be sold/leased out in coming quarter.

Fuel rates increased by approximately 10.6% vs the same quarter last year.

Etihad invested 2,057 crores in November 2013 for a 24% stake in Jet Airways.

Competition Commission of India has approved an investment of 50.1% stake in Jets customer loyalty program on February 5.

Mr. Ravishankar Gopalakrishnan, Chief Financial Officer, Jet Airways (I) Ltd said,

“Jet Airways reports a reduced loss of INR 2,839 Million in Q3 owing to improved passenger yields and sustained market share.

Post the equity infusion by Etihad, Jet reduces its debt from INR 124,947 Million as of September’13 to INR 108,952 Million in December’13. This will help lower Jet’s interest costs going forward.”

Outlook

Network expansion plans for additional fights to Gulf and Europe.

Q4 is expected to be muted on account of both yields and seat factors.

Rupee depreciation versus dollar continues to be a cause of concern.

High cost debt will be replaced with cheaper debt resulting in reduced Interest costs.

The surplus aircraft in the system will be either leased out or sold in coming quarter.

Focus on various avenues of ancillary revenues should help to boost revenues in the quarters to come.

Synergies in terms of network and costs will start to impact numbers positively in the next few quarters.

Copyright Photo: TMK Photography/AirlinersGallery.com. Jet Airways is reducing its Airbus A330 fleet. Airbus A330-243 VT-JWE (msn 807) taxies at Toronto (Pearson).

Jet Airways:

Jet Airways to launch Mumbai-Paris flights on May 14

Jet Airways has announced new daily nonstop service from Mumbai to Paris (CDG) with effect from May 14, 2014. This new flight from India’s financial capital of Mumbai to Paris will be operated by wide-body Airbus A330 aircraft.

Jet Airways (Mumbai) flight 9W 124 will depart from Mumbai’s brand new Chhatrapati Shivaji International Airport, T2 at 1200 and arrive at Paris’ Charles de Gaulle Airport at 1750. The return flight 9W 123 will depart Paris at 2110 (LT) and arrive Mumbai at 0945 the following day thus providing a seamless connection to the airline’s entire network within India. Moreover, the return Jet Airways flight from Paris to Mumbai will make it the only evening departure from continental Europe to Mumbai.

Paris will be the airline’s twenty first international destination, and will provide a key gateway point for travel to several destinations across Europe with Jet Airways’ code share and interline partners.

Jet Airways will deploy an Airbus A330-200 aircraft on this route, with 18 Premiere seats that open up as flatbeds and 236 ergonomic Economy seats.

In other news, the airline is expected to place an additional order for narrow body aircraft in the near future.

Jet Airways:

Etihad Airways and Jet Airways forge ahead with a new strategic partnership

Etihad Airways (Abu Dhabi) has added another partner airline as its airline empire grows. The fast-growing airline has entered into a new strategic partnership with Jet Airways (Mumbai) following the final approval for their alliance and 24 percent equity purchase. The airlines have issued this statement:

Etihad Airways, the national carrier of the United Arab Emirates and Jet Airways have announced that both airlines closed the transaction for the subscription of a 24 percent equity stake by Etihad Airways in Jet Airways. All requisite Indian regulatory approvals had been obtained by November 12, 2013. Jet Airways has, on November 20, 2013, issued and allotted 27,263,372 equity shares of a face value of Rs. 10 each at a price of Rs. 754.7361607 per equity share on a preferential basis to Etihad Airways.

Consequent to the above allotment, the paid up share capital of Jet Airways stands increased to 11,35,97,383 equity shares of Rs. 10 each. Following this issue and allotment of the said equity shares on a preferential basis to Etihad Airways, Etihad Airways holds 24 percent of the post issue paid up share capital of Jet Airways (on a fully diluted basis). Additionally, Mr. James Hogan and Mr. James Rigney, being nominee Directors of Etihad Airways, have been appointed as additional directors on the board of directors of Jet Airways as from November 20, 2013.

Mr. Naresh Goyal, Chairman of Jet Airways said: “The infusion of foreign direct investment in the aviation sector will result in economies of scale, grow traffic at our airports, and create job opportunities. I am confident that this investment will greatly benefit all our stakeholders whilst significantly benefitting our customers who will now have access to a more expanded global network.”

Mr. Goyal also stressed that together with Etihad Airways, Jet Airways would enhance connectivity for tourists, business travellers, Indian families and the wider travelling public.

Mr. James Hogan, President and Chief Executive Officer of Etihad Airways said: “India is one of the largest and fastest-growing markets in the world and a key part of the Etihad Airways growth strategy. Through this association, Etihad Airways and Jet Airways will both be strengthened, as will the economies of India and the UAE. By linking our two networks and adding new flights, new routes and more code-share options, travel to, from and within India will become much easier.”

Mr. Goyal and Mr. Hogan confirmed that the collaboration between the airlines would commence immediately with a view to delivering network and service benefits to customers as soon as possible. Specific details will be released progressively.”

Copyright Photo: TMK Photography/AirlinersGallery.com. Jet Airways’ Airbus A330-302 VT-JWR (msn 1351) taxies at Toronto (Pearson).

Etihad Airways:

Jet Airways:

Etihad Airways’ equity alliance strategy, is Alitalia the next partner?

Etihad Airways (Abu Dhabi) has no intention of joining one of the traditional airline alliances. Instead it is quickly building an alliance of aligned airlines in which its has an equity share. The latest target is reportedly loss-making Alitalia (2nd) (Rome).

Alitalia, which is currently 25 percent owned by the Air France-KLM Group (Air France and KLM are code-share partners of Etihad), was rescued from bankruptcy in 2008. It was acquired by a consortium of Italian companies including bank Intesa Sanpaolo and is reportedly discussing with Etihad Airways about a possible new partnership according to this report by Reuters.

Read the full report: CLICK HERE

Meanwhile Etihad Airways is moving ahead to increase its equity in Virgin Australia Airlines (Brisbane), following recent approval by the Foreign Investment Review Board to increase from a 10 percent shareholding to 19.9 percent.

Etihad Airways equity alliance is a planned alternative to the legacy airline alliances. The Etihad equity alliance now has five members, following a deal to invest in Serbia’s national airline, Air Serbia (Belgrade).

Etihad Airways also is awaiting regulatory approval for investment in a sixth airline, India’s Jet Airways (Mumbai), which gives the equity alliance a combined total of more than 420 destinations, 500 aircraft and more than 96 million passengers each year.

In other news, Etihad Airways has announced new services for the Australia market including:

Airbus A380 aircraft from Sydney and Melbourne to Abu Dhabi
Construction of premium lounges at Sydney and Melbourne Airports from 2014
Additional flights from Melbourne and Brisbane to Abu Dhabi
Commencement of nonstop flights between Perth and Abu Dhabi

Copyright Photo: Paul Denton/AirlinersGallery.com. Painted in the special Formula 1 livery to promote the Abu Dhabi’s Grand Prix, Airbus A340-642X A6-EHJ (msn 933) climbs away from the runway at Geneva.

Etihad Airways:

Jet Airways reports a $59 million loss for its fiscal first quarter, Etihad Airways’ purchase of 24% of the shares approved

Jet Airways (Mumbai) reported a $59 million loss in its fiscal first quarter. This is the second quarterly loss for the carrier. Etihad Airways (Abu Dhabi) has secured regulatory approval to a 24 percent share of the carrier for $379 million.

Etihad Airways is on a buying spree to acquire minority shares of smaller carriers to code-share with and also to increase traffic for both carriers.

Read the full financial report: CLICK HERE

Read the Chairman’s Speech: CLICK HERE

Copyright Photo: TMK Photography/AirlinersGallery.com. Airbus A330-302 VTY-JWT (msn 1370) departs from Toronto (Pearson).

Jet Airways:

Jet Airways introduces its first Airbus A330-300 on the Brussels route, starts Mangalore-Dubai service

Jet Airways (Mumbai) is expanding its Airbus fleet, which currently has 11 Airbus A330-200 aircraft, with two newly-delivered Airbus A330-300s. The pictured A330-302 VT-JWS (msn 1361) was handed over from Airbus on December 14, 2012 followed by A330-302 VT-JWR (msn 1351) five days later. The new type was introduced on December 22, 2012 on flights 9W 228/227 on the Mumbai – Brussels – Mumbai sectors.

In other news, Jet Airways on January 3 commenced international flight operations from Mangalore with a Boeing 737-800 flight from Bajpe Airport to Dubai. The departure at the Mangalore International Terminal was marked by the lighting of a ceremonial lamp, in the presence of Honorable Members of Parliament from Mangalore and Udupi, Mr. Jayprakash Hedge. Also present at the occasion were senior management from Jet Airways, Mr. Gaurang Shetty – Senior VP (Commercial) and eminent dignitaries from the aviation and travel fraternity, Mr. Radhakrishna –Airport Director, Mangalore; Mr. Vasudeva Rao – Ex Airport Director, Mangalore and Coordinator, Karnataka NRI Forum and Mr. Abdulla Kunhi – Chairman Yenopaya Group. The first flight departed with a full complement of passengers.

The flight 9W 532, operated by a Boeing 737-800 aircraft, with economy seating for 170 passengers, departed from Mangalore at 20.00 hrs with a 22.30 hrs (Local Time) arrival into Dubai.

Hot New Photos:

Jet Airways:

Etihad Airways considers an investment in grounded Kingfisher Airlines

Etihad Airways (Abu Dhabi) is in talks with Kingfisher Airlines (Mumbai) about a possible minority investment in the grounded airline according to the Wall Street Journal.

Read the full article: CLICK HERE

Meanwhile the Deccan Herald of India believes Jet Airways (Mumbai) is a better investment for the Gulf carrier.

Read the full article: CLICK HERE

Top Copyright Photo: Jay Selman. Boeing 777-3FX ER A6-ETF (msn 39700) prepares to land at Bangkok.

Etihad Airways:

Kingfisher Airlines:

Jet Airways:

Bottom Copyright Photo: Antony J. Best. ATR 72-212A (ATR 72-500) with the test registration of F-WWEG (msn 788) arrives at Farnborough. Although painted, the turboprop was never delivered to Kingfisher Airlines as VT-KAT. Instead it went to Air Botswana as A2-ABS.

Jet Airways may acquire up to 100 new aircraft

Jet Airways (Mumbai) may add up to 100 new aircraft in order to take advantage of the weaknesses of the other carriers in India including Air India (Mumbai) and Kingfisher Airlines (Bangalore) according to this report by Reuters and CAPA. The airline is reportedly looking at the Airbus A320 despite being a large Boeing narrow body operator. The Indian carrier may also lease 10 Airbus A330s according to the report.

Read the full report: CLICK HERE

Jet Airways Slide Show: CLICK HERE