Wednesday, October 04, 2017

Our track record of debt is pretty good: Jet Airways CEO

Bengaluru: An Indian-American Vinay Dube has worked with marquee aviation companies such as Delta Airlines, Sabre Inc and American Airlines before taking up the job of the Chief Executive Officer of Jet Airways a couple of months ago. In an interview with BusinessLine, Dube shares the airline’s future plans and his views on the industry. Excerpts:

A few years ago, Jet Airways had made Brussels its European hub. But it gave it up after some time. Now the airline has made Amsterdam as its European hub. So, how is the foray into Europe panning out for Jet given the fact that the airline seems to be more focussed on international routes.

We now fly to Paris, London, and Amsterdam and we have some strong partners there. To me, it is a good formula for stability and success. The ratio between international and domestic routes is 55: 45. The quality of our domestic flights is second to none. If you want to compare it with our competition, I am not going to accept any angle or element of inferiority whatsoever. Having said that, the ratio between international and domestic operations could change. One of the wonders of the aviation industry is that the assets are mobile. So, we are not wedded to any formula at all.

During the first quarter, there has been an increase of over 50 per cent in other income. Isn’t that a bit worrisome for you as half of your income comes not from operations but from other activities?

I don’t think we want to have a financial focus that is linked to either reduction or increase in other income. Perhaps the more pertinent point is our focus related to increased operating income. Because the other income is the other income. Time to time there will be special items (other income) that will come in at the appropriate time and go at the appropriate time. Our focus is to run an airline through our operating cash.
04/10/17 K Giriprakash/Business Line

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