After Indigo, Jet to add 49 aircraft over 5 years

Mumbai: A day after low-cost airline IndiGo made history by placing $15-billion order with European aircraft manufacturer Airbus to purcahse 180 aircraft, rival Jet Airways said it will add 49 aircraft over the next three to five years.
"New aircraft will be added from the next financial year,"said Naresh Goyal , chairman, Jet Airways on the sidelines of a conference in Mumbai.
Mr Goyal, however, cautioned that raising funds for execution of huge orders may be the real challenge."In the current market environment, it is easy to place orders but what is important is to fund these orders and also the availability of pilots is a key concern" he said.
Mr Goyal said Jet's expansion will be done based on market opportunities and the airliner will not go about 'adding aircraft blindly.'
With the airline business now generating cash for Jet, it is not looking for funds actively and is hopeful that the FIPB clearance for raising up to $400 million will soon happen.
14/01/11 Manisha Singhal/Economic Times

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Categories: Jet Airways Jan 2011, New Jan 2011