New Delhi/Mumbai: In a sign of further deferment of its $2.6-billion order for 10 Boeing 787-9 Dreamliners, Jet Airways told investors in a post-earnings call on Monday that the full-service airline has nothing on its order book till around 2017-18.
The airline’s current focus is on increasing aircraft utilisation, cost cutting through contract re-negotiations and process improvements, and making existing routes profitable.
“We are right now looking at more or less a flat fleet. We do have some lease expiries coming up, which we are looking to either extend or replace, but broadly, we are not looking at any substantial growth in our fleet. (We have nothing) in the order book for the next two to three years,” Abhijit Dasgupta, vice-president (planning and alliances), said.
Cramer Ball, chief executive officer, added, “There is still an intense focus within our business on continuing efficiency, network rationalisation, productivity improvement as well as quality improvement.” Jet has 117 aircraft, including 10 under subsidiary JetLite.
10/02/15 Roudra Bhattacharya & Aneesh Phadnis/Business Standard
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The airline’s current focus is on increasing aircraft utilisation, cost cutting through contract re-negotiations and process improvements, and making existing routes profitable.
“We are right now looking at more or less a flat fleet. We do have some lease expiries coming up, which we are looking to either extend or replace, but broadly, we are not looking at any substantial growth in our fleet. (We have nothing) in the order book for the next two to three years,” Abhijit Dasgupta, vice-president (planning and alliances), said.
Cramer Ball, chief executive officer, added, “There is still an intense focus within our business on continuing efficiency, network rationalisation, productivity improvement as well as quality improvement.” Jet has 117 aircraft, including 10 under subsidiary JetLite.
10/02/15 Roudra Bhattacharya & Aneesh Phadnis/Business Standard
