Jet Airways may cut more capacity

Bangalore: Jet Airways, which had slashed 18-20% of its fleet capacity in the winter schedule (October-February), may look at reducing capacity if the current air traffic slips further.
The airline may also consider leasing out some of its narrow-bodied aircraft -- Boeing 737s -- if the current market situation continued to be what it is now. The airline company currently owns 52 B-737s.
It has already taken out nine of its wide-bodied aircraft from its fleet and leased it to foreign airlines. Sudheer Raghavan, chief commercial officer of Jet Airways said that slipping traffic and irrational fares in the market was hurting the airlines. This is what was prompting it to go in for a further cut in its fleet size. He said that the airline was not looking at re-launching any of the routes that have been taken off the network.
"We will not re-launch any route. We are currently consolidating our network. Any new routes will further put pressure on our operations. It would be foolhardy to launch new routes," Raghavan said on the sidelines of The Asian Route Development Forum hosted by GMR Group in Hyderabad on Sunday.
30/03/09 Praveena Sharma/Daily News & Analysis

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Categories: Jet Airways Mar 2009