JetLite cancels global flight plans

Faced with heavy losses, budget carrier JetLite has shelved plans to fly abroad. It will also stop 20 of its 131 daily flights within the country and ground three of its 18-strong fleet of Boeing 737s.
"We do not want to start operations to West Asia or any other foreign destination right now," JetLite CEO Rajeev Gupta said, adding: "Any international route launched now will take at least three months to stabilise. We do not have the capacity to bear these losses with the current downturn."
A fully-owned subsidiary of the Naresh Goyal-controlled Jet Airways, JetLite made a loss of about Rs 42 crore ($10 million) in June alone.
This comes close on the heels of Kingfisher Airlines' rethink on the launch of its international services and the Wadias-owned GoAir's decision to trim its workforce by ten per cent.
01/07/08 Manisha Singhal/Business Standard

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Categories: Foreign Jul 2008, JetLite Jul 2008