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Thursday, June 9, 2011

Jet Airways wants to eat Western pie, plans to beat global rivals

Jet Airways is now strategising to focus on traffic from Europe to South Asia and South-East Asia, reports Mint. The country’s largest airline by passengers carried is gearing up to increase focus on international passengers. The report says that the airline has an agenda to order long and medium haul aircraft that will help it take on overseas rivals.
Chairman Naresh Goyal told Mint that the company is not in favour of allowing foreign airlines to invest in Indian carriers. At present, foreign airlines, led by West Asia’s Emirates, Qatar Airways, Air Arabia, Fly Dubai and Etihad Airways carry 65% of the international traffic to and from India while Jet, Air India, Kingfisher Airlines and SpiceJet have the rest.
Goyal said further in the report that though the competition from the West Asian carriers was understandable, “with the opening of the economy, we can’t put the clock back”. Adding expectations to be able to eat their share, he told the newspaper that the company is preparing to take on competition.
The newspaper also reports that Jet’s current fleet of 116 aircraft will be expanded over the next three years, with a focus on Europe.
“Brussels still continues to be our hub. We have added Milan,” Goyal said. He further added the company is looking at Europe – Paris, Rome, Amsterdam, Germany, and continental Europe, followed by China.

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