Jetlite plans to hit global skies

Naresh Goyal is taking Jet Airways around the world. It is already flying to Europe, US and Canada and from next year it will start flights to Gulf countries. But its his other airline Jetlite, which may soon get into action.
While Jet Airways is shoring its international operations, its getting its low cost subsidiary to hit the international skies. And Jetlite may soon apply for permission to fly to gulf countries.
Under present government rules, Jetlite can fly abroad and will be looking to connect not only gulf countries but even destinations in South East Asia are fair game.
Being a budget airline means Jetlite will try to restrict itself to destinations that can be covered under five hours of flight time. But even though Jet Airways owns Jetlite, the budget airline will need to apply separately for permission to go abroad.
Naresh Goyal is confident that Jetlite will break even by 2008 and start adding to Jet's balance sheet and to ensure that he is planning to overhaul Jetlite's fleet.
20/09/07 Arijit Banerjee/NDTV.com

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Categories: Foreign Sep 2007, JetLite Sep 2007, New Sep 2007