Jet seeks China allies

Mumbai: Jet Airways is in talks with several Chinese airlines for a possible partnership similar to its existing tie-up with Brussels Airlines.
Such an agreement would help Jet improve connectivity in China, ahead of it developing Shanghai as a hub for its flights onwards to North America.
Wolfgang Prock-Schauer, CEO, Jet Airways, confirmed this, but declined to name the airlines involved in discussions.
Jet, which has Brussels as its hub for Europe and cities on the east coast of the US, currently has a partnership with Brussels Airlines for connecting the hub with various cities in Europe.
The CEO also reaffirmed the plans to raise $400 million through a rights issue or QIP despite the current turmoil in global financial markets.
24/01/08 Daily News & Analysis

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Categories: Foreign Jan 2008, Jet Airways Jan 2008, New Jan 2008