![]() ![]() Jet Airways suffered losses for the first time since its establishment in financial year 2001–2002 as demand fell and costs increased. īy April 2001, the airline fleet had grown to 30 aircraft and was operating over 195 flights daily to 37 destinations within India. ![]() The airline purchased its first Boeing 737-400 simulator from CAE Inc. Īt the Paris Air Show in June 1999, Jet Airways announced an order worth approximately $550 million for ten Boeing 737-800 aircraft. In October 1997, as per this directive, Naresh Goyal took back control of Trade Winds from its foreign investors. In 1997, the Cabinet Committee on Foreign Investment (CCFI) of the Government of India announced that foreign airlines would no longer be permitted to take an equity stake in joint ventures with Indian aviation companies, reversing the Government's earlier policy which had allowed carriers such as Gulf Air, Kuwait Airways and Lufthansa to hold a maximum 40% equity stake in their joint ventures with Indian partners. By this time, the airline had a fleet of twelve Boeing 737 aircraft, operating 83 daily flights to 23 domestic destinations. In the financial year 1996–97, the airline carried 2.4 million passengers and had a market share of 20 percent, second highest after state-owned Indian Airlines. Jet Airways was the first airline in Southeast Asia to order the 737-800. In 1996, the airline placed a $375 million order for four 737-400 and six 737-800 aircraft from Boeing, which were delivered between 19. It entered into a marketing agreement with KLM the same year. The airline was granted a scheduled airline status on 14 January 1995. ![]() Īs of August 2022, Kempegowda International Airport in Bangalore, Indira Gandhi International Airport in New Delhi and Chhatrapati Shivaji Maharaj International Airport in Mumbai will be the new operating hubs after the revival. Jet Airways completed the final proving flight on. On, Jet Airways conducted the first set of three proving flights by flying from Delhi-Mumbai, Mumbai-Ahmedabad, and Ahmedabad-Delhi routes using the aircraft VT-SXE. On the 29th anniversary of its founding on, it performed a test flight, which is a step in obtaining an Air Operators Permit (AOP). The company has announced plan to restart operations in early 2022. Jet Airways ceased operations in April 2019. The downward slide continued and resulted in bankruptcy in 2019. It dropped to second place behind IndiGo in October 2017, with a passenger market share of 17.8%. With its competitors, mainly SpiceJet and IndiGo, lowering ticket fares in the following years, it was forced to follow suit, hurting overall performance resulting in steep financial losses. It operated over 300 flights daily to 74 destinations worldwide from its erstwhile main hub at Chhatrapati Shivaji Maharaj International Airport in Mumbai and secondary hubs at Chennai International Airport in Chennai, Indira Gandhi International Airport in New Delhi, Kempegowda International Airport in Bengaluru, Cochin International Airport in Kochi and Netaji Subhas Chandra Bose International Airport in Kolkata. It grew to be one of the largest airlines in India, with a 21.2% passenger market share in February 2016. The airline is expected to re-commence its flight operations by the end of 2023, making it the first Indian airline to be revived after ceasing operations. Before the founding of Vistara in 2015, it was the only full-service airline based in India apart from Air India. The airline went public in 2005 and in 2007, when it acquired Air Sahara. It began full-fledged operations in 1995 with international flights added in 2004. Incorporated in April 1992 as a limited liability company, the airline began operations as an air taxi operator in 1993. Jet Airways (India) Ltd is an Indian airline based in Delhi NCR, with a training and developmental center in Mumbai. Murari Lal Jalan (non-executive Chairman). ![]()
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