Outlook for airlines is better: Prock-Schauer

Mumbai: For the past six and a half years, Wolfgang Prock-Schauer, Austrian-born outgoing CEO of Jet Airways, India's largest private carrier by number passengers carried, had made Mumbai his home. Before that he had spent 26 years in top positions at Austrian Airlines and Star Alliance. He is now headed to British Midlands PLC (bmi) to join the UK-based carrier as the new CEO.
On Thursday, the day he announced his resignation, Prock-Schauer spoke about his experience with India's leading airline. He was also candid about the highs and lows of the aviation industry.
Here, DNA's Ramiya Bhas compiles excerpts from the comments he made on various issues.
Reminiscing better times, he said he saw four profitable years during his tenure with the airline.
On 2005 being the best year for the Jet, he said, "This was the year when the airline came out with the IPO (initial public offer) and its success quite remarkable. Thanks to the success of this, we were able to increase our fleet size. It has expanded from 40 aircrafts in 2005 to 110 today."
He said network expansion helped the airline boost revenues as it saw more than 50 per cent of its revenue coming from international operations. The carrier's revenues have shot from $600mn in 2005 to $3bn today.
09/10/09 Ramiya Bhas/Daily News & Analysis

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Categories: Foreign Oct 2009, Jet Airways Oct 2009