Monday, May 27, 2013

Jet Air to Buy More Boeing Planes as AirAsia Enters India Market

Jet Airways (India) Ltd. plans to order more aircraft to expand its fleet as the carrier prepares to fend off competition from Asia’s biggest budget airline that seeks to start operations in the country this year.
Jet is considering an order for Boeing Co. 737 planes, K.G. Vishwanath, the Mumbai-based carrier’s vice president of commercial strategy, told analysts in a conference call today. He didn’t disclose the number of aircraft or a timeframe.
The airline, which has agreed to sell a stake to Etihad Airways PJSC, will boost domestic seat capacity by as much as 8 percent a year as it takes delivery of 46 aircraft, ordered with Boeing earlier, over three years, Vishwanath said. The number of airline passengers in the country may triple to 180 million by 2021, the government has forecast, as more people are shunning trains for plane rides.
27/05/13 Karthikeyan Sundaram/Bloomberg.com
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