The Hindu Business Line : Jet to suspend flight, lease aircraft to cut costs

New Delhi, Oct. 21 Jet Airways is to withdraw the daily Amritsar-London flight, push back the launch of its flights to Saudi Arabia and also lease out some of the aircraft in an attempt to tide over the current slowdown in the industry.

Sources told Business Line that though the decision of flight cut back has been communicated to the staff no date has yet been fixed for withdrawing the Amritsar flight. The airline is also evaluating its entire route network to see whether some domestic flights should also be curtailed.

The Amritsar-London service is the second international flight that the airline will be suspending. It has already announced that it will stop operating the Mumbai-Shanghai-San Francisco flight from January 13 next year, exactly eight months after it was launched.

The airline received permission to operate flights to Saudi Arabia earlier this year and was due to start operations before the end of the year.

On lease

It plans to lease some of the Boeing 777 and the Airbus A-330 aircraft although the exact numbers and the period of the lease is yet to be worked out, sources said.

The decision to suspend flights and lease aircraft is among the various new avenues that the airline is looking to return to profitability. In the recent past, Jet Airways, like others in the industry, has been hit by rising costs and falling passenger numbers.

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