Jet eyes Brussels Air stake

Mumbai: Last week, Jet Airways sent out invitations to the media to accompany its promoter Naresh Goyal on a trip to Brussels. The meet, the invitation read, was to showcase the airlines’ new VIP lounge at Brussels airport — the hub out of which Jet Airways runs its international operations. During the course of this visit, he also met the Belgian PM Guy Verhofstadt.
The meeting with the PM has triggered intense speculation in Brussels that Jet Airways is interested in buying out a stake in Brussels Airlines.
Jet Airways recently chose Brussels as the hub for its international operations and is currently operating flights to the US and Europe via the city. The airline also has a code share agreement with Brussels Airlines to provide onward connections to various destinations in Europe and Africa.
Brussels Airlines, held by SN Airholding — a consortium of Belgian corporate giants, reported revenues of nearly a Euro 1 billion in 2006. A stake, or a significant control in Brussels Airlines would mean a larger presence for Jet across 450 destinations in Europe.
03/11/07 Mansi Kapur/Times of India

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Categories: Foreign Nov 2007, Jet Airways Nov 2007