Jet Airways was incorporated in 1993. It has its main domestic hub in Mumbai while its international hub is in Brussels, Belgium.
It had acquired Air Saharah from the Sahara India Parivaar in 2007 and renamed it JetLite which is a wholly owned subsidiary of Jet Airways at present. The airline also started its low-fare carrier by the name Jet Airways Konnect in mid 2009 to compete with other players in the segment. In March 2012, it consolidated JetLite and Jet Airways Konnect under the brand name JetKonnect as a part of its rebtranding exercise.
The airline operates flights to 21 international destinations and 47 domestic destinations. It has tie-ups with about 150 partners across various categories such as car rental, code sharing, hotel, dining, telecommunication etc. It has a fleet of 112 aircrafts out of which only one aircraft is owned by the company. It uses Boeing 737 Next Generation for short haul destinations, ATR 72 on domestic regional routes and Airbus 330 and Boeing 777-300Er on long haul routes.
Despite a pressure on ticket prices, the company’s overall revenues increased by 3% in 2013-14 owing to its international business. It reported a negative operating margin of8.6% in 2013-14 compared to a positive 5.4% in the previous financial year due to weak PLFs, steep rupee depreciation and increase in ATF prices.
Recently, the company added new flights like services from four cities Kochi, Chennai, Hyderabad and Bengaluru to Abu Dhabi; Abu Dhabi to Dammam and Kuwait. The company is also mulling over the prospect of streamlining its operations by creating a single master brand.
No. of Passengers Carried in FY 2014-15: 19.4 million