Friday, March 29, 2013

Jet Airways’ expansion plans in Europe put on hold till Etihad deal


Mumbai: Jet Airways, which is in talks for a strategic-cum-equity partnership with Abu Dhabi-based Etihad Airways, has put on hold its plan to expand its network in Europe through Munich airport, till its deal fructifies with the Middle-eastern carrier. In the recent winter schedule (from October 28), India's secondlargest airline in terms of market share was granted permission from the ministry of civil aviation to start 35 new flights to Munich.
To facilitate its expansion of routes into European cities, Jet was in talks with German carrier Lufthansa for membership in Star Alliance — one of the largest global airline grouping — along with a hub at Munich airport.
The changed scenario, after the ministry approved foreign carriers to invest in Indian airline firms, has now forced Jet to change its stance. It has adopted a 'go slow' approach in actively pursuing Star Alliance membership and also is in the process of reworking its European expansion plans.
29/03/13 Manisha Singhal/Times of India
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