Mumbai: India's rapidly growing air traffic has attracted a lot of investors into the sector, while falling oil prices have given a boost to profitability. After having given up its leadership position in the domestic market a few years ago, Jet Airways is charting a growth path yet again, as its financial performance has improved. In an interview with Aneesh Phadnis and Malini Bhupta, the airline's outgoing CEO Cramer Ball gives a sense of Jet Airways strategy.
There has been a renewed focus by Jet Airways on domestic market. Can you tell us what your plans are?
I think there was a certainly a view when I joined (Jet Airways) we had lost focus on domestic (market). And that has certainly turned around. We are very focused on the domestic market. We have increased our daily flying, our metro to metro flying. We are intensely focused on domestic as much as we are on international routes.
Jet Airways fleet has more or less remained constant at 115 aircraft. Is there a possibility of incremental fleet addition with dry leases?
Our focus has been on better utilisation of aircraft and that has a direct impact to bottomline. We are not averse to looking at more narrow body options. Our order book is for 75 Boeing 737 Max aircraft and we have an option of another 50 planes. We took an aircraft on dry lease in December and that was incremental addition. So there is a always possibility of dry leases.
11/02/16 Aneesh Phadnis & Malini Bhupta/Business Standard
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There has been a renewed focus by Jet Airways on domestic market. Can you tell us what your plans are?
I think there was a certainly a view when I joined (Jet Airways) we had lost focus on domestic (market). And that has certainly turned around. We are very focused on the domestic market. We have increased our daily flying, our metro to metro flying. We are intensely focused on domestic as much as we are on international routes.
Jet Airways fleet has more or less remained constant at 115 aircraft. Is there a possibility of incremental fleet addition with dry leases?
Our focus has been on better utilisation of aircraft and that has a direct impact to bottomline. We are not averse to looking at more narrow body options. Our order book is for 75 Boeing 737 Max aircraft and we have an option of another 50 planes. We took an aircraft on dry lease in December and that was incremental addition. So there is a always possibility of dry leases.
11/02/16 Aneesh Phadnis & Malini Bhupta/Business Standard
