Mumbai: Jet AirwaysBSE 0.78 % aims to save $100 million (Rs 611.5 crore) by renegotiating contracts with its vendors and suppliers with help from its strategic partner Etihad Airways, India's second biggest airline by market share said in its latest annual report.
"Whilst on one hand, the company is upgrading and repositioning itself based on its own operational strengths, on the other hand, it will exploit and capitalise on synergies arising from its alliance with Etihad as a strategic partner," the beleaguered carrier said in its annual detailed company statement for the year 2013-14.
"Common areas of benefits include joint sourcing of aircraft and equipment, sharing of best practices, co-ordination of flights, leasing of spare aircraft, joint procurement of fuel and other services etc. resulting in cost savings for both the airlines," it added.
11/08/14 Anirban Chowdhury/Economic Times
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"Whilst on one hand, the company is upgrading and repositioning itself based on its own operational strengths, on the other hand, it will exploit and capitalise on synergies arising from its alliance with Etihad as a strategic partner," the beleaguered carrier said in its annual detailed company statement for the year 2013-14.
"Common areas of benefits include joint sourcing of aircraft and equipment, sharing of best practices, co-ordination of flights, leasing of spare aircraft, joint procurement of fuel and other services etc. resulting in cost savings for both the airlines," it added.
11/08/14 Anirban Chowdhury/Economic Times
