Jet to cut more overseas flights

New Delhi: Jet Airways, the country’s biggest private airlines, is reducing its international capacity further, after downsizing its overseas flights by about 26 per cent earlier, to save costs and overcome a slump in the aviation sector. The additional cuts will be implemented after the peak season is over. The airlines will soon discontinue its 5 days a week Amritsar-London flight, thus leaving only the Delhi flight to service the London route, company sources said.
Earlier, Jet announced plans to discontinue Kuwait and the Delhi-Shanghai-San Francisco flight, from January next year. The additional reduction in overseas flights will result in about five to six wide-bodied aircraft of its fleet lying idle, which the company is planning to either lease to other carriers or even ground them. National carrier Air India has also cut down 20 per cent of its international capacity.
The announcements of the capacity cuts by Jet and Air India were made today at a meeting held between the petroleum ministry, Union civil aviation ministry and airline companies- Jet Airways, Kingfisher Airlines and National Aviation Company of India (NACIL) which owns the carrier formed after the merger of Air India and Indian Airlines. Jet Airways along with JetLite has cut down 15 per cent of its domestic flights. Kingfisher and Kingfisher Red have also cut down domestic flights.
Low-cost carriers have also cut down domestic capacity by around 20 per cent.Jet Airways has 21 wide-bodied aircraft in its 84-aircraft fleet.Its subsidiary JetLite has a fleet of 25 aircraft.According to government sources, flights cut by Air India include destinations like Dammam, Nigeria and Los Angeles.
23/10/08 Busienss Standard

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Categories: Jet Airways Oct 2008, Kingfisher Oct 2008, NACIL Oct 2008