50% of Jet business will be from global ops

Bangalore: It’s not just the look, but even the business of full service carrier Jet Airways is getting a global hue. The Naresh Goyal-promoted airline, which is already earning over 25% of its revenues from overseas operations, is planning to take it up to 50% in double-quick time.
“In the next two years, half of our total revenues will be generated from international flights,” says Jet Airways CEO Wolfgang Prock-Shauer. The airline’s overseas plans are driven by the phenomenal success of some of its international routes, which have turned profitable in less than two years. Relatively better load factors and realisations in the overseas market are also pushing Jet’s global ambitions.
The airline has already cornered 25-30% market share on its India-London flights (which it began operating in mid-2005) and is giving tough competition to traditional players like Air India and British Airways, Prock-Shauer said.
29/04/07 Praveena Sharma/Daily News & Analysis

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Categories: Foreign Apr 2007, Jet Airways Apr 2007