Jet Airways (India) Limited is engaged in providing passenger and cargo air transportation services. Besides that, the Company is engaged in offering aircraft leasing services. There are sixty-six destinations in India and foreign countries, where flight operations are carried by this firm.
Jet Airways (India) Limited is India’s first airline company that operated the Boeing 737-400 Aircraft. The Company is currently operating planet’s one of the youngest and most modern aircraft. This public limited Company has been designed with the most modern and most technocratic aircraft of today’s world.
As recorded in November 2018, the Company has a collection of 124 aircraft, consisting Airbus A330-200/300, Next Generation Boeing 737s, Boeing 777-300 ERs, latest Boeing 737 Max 8 and ATR 72-500/600s. Jet Airways (India) Limited was incorporated in 1992 and is headquartered in Mumbai, India.
About Company Information:
Jet Airways (India) Limited was consolidated in first April 1992 as a privately owned business with constrained liabilities, and it started operating as an Air Taxi Operator in May 1993. The Company turned into the first airline in India, operating the Boeing 737-400 Aircraft in April 1994 and it works with the youngest airships armadas on the planet today.
The Company has conceded the formal aircraft status in January of 1995. Jet Airways was turned into a deemed public limited organization in July of 1996. Jet Airways was reconverted into a privately owned business in January 2001. The Company achieved the esteemed Air Transport World Award 2001 and the TTG Travel Award 2002 for Market Development and Best Domestic Airline respectively in consecutive years. In 2004, a tie-up took place between the organization and the South African Airways.
In 2005, a draft on Red Herring Prospectus was developed by Jet Airways Limited with the Securities and Exchange Board of India. Through this, the Company targeted to intervene in the capital market with its primary public offering for supporting its worldwide expansion plans financially. Jet Airways had been turned into a public organization in the 28th December of the year 2004.
The Company propelled its debut inter-continental flight service by connecting Mumbai with London Heathrow by a relentless day trip in May 2005. Jet Airways had gone for a purchase agreement with USA-based The Boeing Company, in the year of 2005, likewise in the closed period presented an In-flight Safety Manual in Braille, agreed with Gulf Air and the Avaya Global Connect Customer Responsiveness Award was achieved by the Company.
The foundation of hangar complex with workshop and related facilities in Mumbai was completed during 2005-06. A Special Code Sharing Agreement (SPA) had been signed between the Company and American Airlines, planet’s largest carrier, for India and US flights during 2006-07.
In 2007, a Memorandum of Understanding had been signed between the Jet Airways and Germany-based Lufthansa Technik AG. This agreement was dealing with A330/B777 Component Works, services regarding Maintenance Management and Personnel Assignment. A codeshare agreement took place between Jet Airways and UAE’s national career Etihad Airways in June 2008, which resulted as the regular flier project in New Delhi-Mumbai-Abu Dhabi route.
In April of 2014, JetPrivilege Frequent Flyer Programme had been transformed to Jet Privilege Private Limited by the Company. An agreement or understanding had been established between Jet Airways and Etihad Airways PJSC, which resulted in the joint investment and joint promotion of the business of Jet Privilege Private Limited during the same year.
During the financial year of 2016-17, the Company made the capacity of India-Nepal route’s capacity double and offered better and greater choices for the guests. On the October 2017, three international non-stop services, those were between Chennai and Paris CDG, with a frequency of five days per week, Bengaluru and Amsterdam, on a daily basis and Mumbai and London Heathrow, with a third frequency had been introduced by the Company.
During the FY2018, the Company had gone for a Memorandum of Understanding with Air France and KLM Royal Dutch Airlines regarding the strategic dealing of cargo cooperation. To expand the network, the capacity in the Indore-Ahmedabad was increased by the Company by introducing direct return non-stop flights for its customers and clients.
How Jet Airways (India) Ltd is categorised as Transport Sector and Airline Industry:
The transportation sector is a section of companies that offers services such as moving goods, people or the infrastructure to do so. The performance of businesses in the transportation sector is highly susceptible to fluctuations in company earnings and the cost of transport services. Some main determinants influencing company earnings are labour costs, fuel costs, demand for services, government regulation and geopolitical events.
The Airline industry includes companies that offer air transport services for individual customers and corporate clients and also involves in aircraft manufacturing and tourism. Since the first flight in 1903, the Air industry has evolved into one of the most significant industries in the world. In the past years, demand for air travel has been rising faster than both the national and international GDP levels.
Jet Airways (India) Ltd, Competitors and Sector Peers:
InterGlobe Aviation Ltd. INTAVI
Global Vectra Helicorp Ltd. GLOVEC
Jagson Airlines Ltd. JAGAIR
Jet Airways (India) Ltd. JETAIR
Kingfisher Airlines Ltd. DECAVI
TAAL Enterprises Ltd. TAAENT
Taneja Aerospace & Aviation Ltd. TANAE