Jet Airways plans to expands its international service
Jet Airways, India’s largest private airways company has announced to expand its service on the global level, by marking three new destinations Hong-Kong, Abu Dhabi and San Francisco in the next couple of months. Naresh Goyal, the chairperson and promoter of the company on Thursday at Mumbai has made this announcement to enhance its overseas service to hike the earning revenue from international operation.
India’s front-runner private airline will begin its daily direct flights from Mumbai to Hong Kong by April 14 and from Mumbai to San Francisco via Shanghai by May 05. The third productive destination would be Mumbai to Abu Dhabi by April 23. The company is expecting to get the equal revenue by 2010 from overseas operation with domestic services.
Moreover, the company has also decided to register some new landmark destinations in US, Europe and Gulf Countries. In United States, Jet is looking for another big destination point Chicago while in Europe; company is eyeing to establish a new European hub in Milan (Italy). At present, the company operates its flight from Brussels (Belgium) and inclusion of Milan would definitely enhance the passengers’ traffic and revenue, as Jet official believes.
Despite of having already four destinations in gulf countries, Bahrain, Kuwait, Oman and Qatar, Jet is planning to strengthen its service by introducing direct flights on Mumbai-Muscat and Kochi-Doha route by April 18 and April 21 respectively.
On the route of Mumbai to Hong-Kong, Jet official said, “Hong Kong is the gateway to South China”, while Mumbai – Shanghai – San Francisco route will be highly fruitful due to huge number of Chinese passengers. To attract the Chinese, Jet is planning to facilitate the flight environment like Chinese.
"We are also planning to have Chinese in-flight entertainment and studying various aspects of Chinese culture which can be introduced on our flights," said Jet Chairman.
While preferring Milan over other top destinations hub Paris (France) and Munich (Germany) in Europe, Naresh argued that Paris was too busy and Munich had already Air India’s hub.
In terms of revenue earning, Chairman stated that from Jet airways that operates international service, company is expecting to earn USD 3.3 to USD 3.4- billion in 2008-09, while in the domestic stage, company’s domestic wing Jet Lite's (earlier knows as Sahara airways) can turn in the profit zone in the next year by achieving USD 500- million mark.
“The improvement in the airline's performance will be on account of 15% capacity additions,” said Goyal.
Jet has 33 per cent market share in terms of traffic at its UK market sectors and claims to attract 70 percent passenger traffic in its premium class.
Naresh Goyal has also assures the investors to introduce company’s 5-10 percent stake as equity shares in the favourable market condition. On the issue of further acquisition, company is firm to take over five to six cargo aircrafts to deliver the cargo within deadline and to register its existence in this field, which has no private players so far.
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