How much longer for Jet Airways?
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at 12:54 by Tom Otley.
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pheighdoughParticipantEvery time I look at social media there is another story or tale on Jet Airways cancelling routes, some with immediate effect. How long before they come another victim of current global aviation’s crisis (if that’s a correct term to use?).
They operate a few daily LHR slots, so will we see these being sold to keep going for longer?
Interested in opinions and views.
20 Mar 2019
at 19:19
tomwjsimpsonParticipantThey’ve defaulted on at least 48 lease payments and have multiple planes in storage (including 737 Max 8’s)
Now they have 41 aircraft in service, apparently to operate 603 domestic flights and 382 international flights . . That doesn’t seem enough planes to get around. MAN – BOM flights cancelled soon and I’m sure many more to follow.
They did have investment and were working more closely with Etihad . . Make of that what you will
20 Mar 2019
at 21:40
MarcusGBParticipantI have seen at least 2 large aircraft overnight at Amsterdam, staying at a hotel last few days. Stored ready for flights out the next day.
KLM also are codesharing with Jet Airways, and have a contract for completing part of their engineering needs, how much is unclear.21 Mar 2019
at 02:37
AMcWhirterParticipant[quote quote=924046]They operate a few daily LHR slots, so will we see these being sold to keep going for longer?[/quote]
Does Jet Airways own all its Heathrow slots ?
Sources in India say that three of Jet Airways’ Heathrow slots are owned by Etihad and the the fourth jointly by AirFrance/KLM/Delta.
Jet Airways’ Manchester-Mumbai route ceased today. But both the airline and Manchester airport talk of it being a temporary suspension until end April 2019.
It’s unclear whether or not flights will restart in May 2019.
22 Mar 2019
at 17:22
esselleParticipantIve heard it’s curtain at the end of this month.
1 user thanked author for this post.
22 Mar 2019
at 17:34
capetonianmParticipantBBC News – Jet Airways: The riches to rags story of India’s first private airline
https://www.bbc.co.uk/news/world-asia-india-4766405923 Mar 2019
at 05:31
pheighdoughParticipantThe BBC’s view of the Jet story:
https://www.bbc.co.uk/news/amp/world-asia-india-4766405923 Mar 2019
at 14:01
InquisitiveParticipantJet Airways model was quite good. Only problem is that founder owner Mr. Goyel has treated the company like own Son and looked away all the mistakes has been done. Had it been run professionally, this situation would not have arrived.
I believe Jet has good routes and lot of supports from passengers and will not go down. A white knight should have arrived in the scene and rescue the airline. Mr. Goyel need to think rationally and relinquish his control.23 Mar 2019
at 20:04
capetonianmParticipantI did some work for Jet Airways some years ago and flew a few sectors on them.
I was very impressed by them and their staff, and even by the generally high standards of India I found them particularly motivated and professional.
I hope they survive.
24 Mar 2019
at 10:20
alainboy56Participant@captonianm – Alas they have been caught up in that ‘Perfect Storm’ called Etihad (and Abu Dhabi). Methinks there will be no further investment from those parts.
Just look at the debris left after these ‘investments made by Mr Hogan! Air Berlin gone, already belly up. Darwin Regional,closed and sold up. Air Seychelles, before EY, running 5 B767’s to LGW/FCO/MXP/CDG/SIN amongst other long/medium haul routes. Later AUH twice/day and HKG with 2 A332’s. Now they have only 2 A320’s running regional routes, and not even to their owners home base of AUH. Merely a ‘shell’ of their former identity. Air Serbia – big ideas, 1 x A332 from EY, but this merely runs to JFK a couple of times a week. There was a daily A319 to AUH but I believe that has ceased. AZ, IMHO the most disastrous investment made by Mr Hogan/EY/Abu Dhabi, and questioned by me so many times here and in other forums. They are impossible to control or put right. They are a symbol of Italy, a splendid icon for everything that is so wrong about that most beautiful country. Lastly to the airline in question Jet Airways, their B777’s and A332’s were leased and used by EY, also 2 of them went to Air Seychelles, and a huge investment and tie up with EY to make it work, but it hasn’t. I hear there are more than 80 leased aircraft parked leaving approx 35 owned units still flying.(I suspect those at AMS are merely leased aircraft under service/care of their real owners) Salaries are not paid for many months so there really is only one outcome, sadly, and very shortly, perhaps before the end of this month, it will also go belly-up.25 Mar 2019
at 06:08
cwoodwardParticipantMy understanding of the situation is that the major part of JAs debt was carried by several state controlled banks.
With most of JAs short haul aircraft grounded and Spice jets new 737 fleet also grounded domestic air fares had spiraled out of control increasing as much as 500% in the past weeks.
It was this that prompted the governments move to have the banks convert debt into equity and take control of the airline.BBC World Service Asian feed is reporting that the initial cash input of US$210M is being used to pay aircraft leases and that many domestic flights will resume in a matter of days. A new international management team is being sought.
An Indian online source is reporting that key routes to HK and S’pore will also resume in a matter of days.
In my opinion the Jet Airways business model was basically sound and delivers a good passenger experience and it should survive with an experienced management team in place with every chance of prospering in the fast growing Indian market.26 Mar 2019
at 02:18
AMcWhirterParticipantJet Airways’ pilots have given management two weeks to clear unpaid salaries, reports Reuters.
31 Mar 2019
at 16:48 -
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