Logistics

Jet Air eyes non-stop flights to Europe, Australia, China

Ashwini Phadnis New Delhi | Updated on March 12, 2018

Naresh Goyal, Jet Airways Chairman, flanked by James Hogan (right), President and CEO, Etihad Airways, and Cramer Ball, CEO-Designate, Jet Airways, at a press conference in the Capital on Wednesday. Photo: Ramesh Sharma

Airline will fly into profit zone 'in three years'

>Jet Airways Chairman, Naresh Goyal, today said the airline will look to operate non-stop flights to Europe, China and Australia.

Addressing a press conference, Goyal said Jet Airways will also roll out new non-stop flights to Middle East, Saarc countries and the south East. Asia.

Reiterating the importance of the Indian market to Etihad, James Hogan, President and CEO, Etihad Airways, said: "No single market is important to us than India."

Naresh Goyal and James Hogan were speaking at a joint press conference by Jet Airways and Etihad in the city.

Etihad picked up a 24 per cent stake in Jet Airways after the Government allowed foreign airlines to acquire a stake in an Indian carrier.

Etihad plans to start a daily flight to Kolkata from February 2015.

"We are delighted that we are the first foreign airline to complete foreign direct investment in an Indian carrier," James Hogan said, adding "we are here for the long term."

Jet Airways CEO Designate, Cramer Ball, said that the airline will return to profit in three years. "In 2015, we will reduce losses; in 2016, we will consolidate; and in 2017, return to profitability," he said at a press conference here.

Jet will add flights to Abu Dhabi from Goa, Ahmedabad and Pune by the year end.

Stating that cargo is a major opportunity, Cramer Ball said the airline is looking to develop a cargo product.

The airline is also looking to operate new routes to New York and Paris.

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Published on July 23, 2014
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