Wednesday, December 15, 2010

Jet Air Will Resume India-China Service Amid Good Growth, Mahadevan Says

Jet Airways (India) Ltd., the nation’s biggest domestic airline, plans to resume direct flights between India and China next year to meet rising demand for travel between the two countries.
Jet Airways will offer Mumbai-Shanghai service and plans to add flights to cities including Tokyo, Seoul, Taipei and Paris in the year starting April 1, 2011, Bharath Mahadevan, manager for the northeast Asian region, said in an interview in Hong Kong today. The new routes will probably boost annual revenue at least 15 percent, he said.
The airline will begin once-daily service between Mumbai and Shanghai by the end of next year as rising incomes in China and India, Asia’s two fastest growing major economies, prompt more people to travel by air. The gains are fueling a rebound in demand after Jet Air last year halted daily flights from Mumbai to San Francisco via Shanghai to cut costs as a global recession damped travel appetite.
14/12/10 Wing-Gar Cheng and Susan Li/Bloomberg.com
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