Wednesday, September 13, 2017

Jet Airways mulls participating in second round of govt’s regional air connectivity scheme

New Delhi: Jet Airways is likely to participate in the second round of bidding for the regional air connectivity scheme of the government, senior airline officials indicated on Wednesday.

Addressing analysts during a conference call on the airline’s Q1 fiscal 2018 results here on Wednesday, senior airline management officials indicated that the airline will evaluate its participation in the scheme and depending on the economics it will decide on whether to participate in the second round of bidding.

Among those who participated in the call were Vinay Dube, Chief Executive Officer, and Amit Agarwal, Chief Financial Officer.

The airline, which looks at itself as a network carrier, operates the turbo prop ATR aircraft linking tier-II cities to tier-I cities.
Meanwhile, the airline also announced its plans to induct eight aircraft during the fiscal. Officials indicated that these eight aircraft will be in addition to the firm order for MAX Boeing 737 aircraft which are expected to enter the fleet next year. The airline plans to lease the eight Boeing 737 aircraft and is not considering purchasing these, officials said. The eight additional leases will be from now till the end of the year, of which, one has already come in, officials added.

The Boeing 737 aircraft in the airline’s fleet flies on both domestic and international routes.

The airline is also looking to add flights including operating additional frequencies on the Mumbai-Delhi, Pune-Chennai and Pune-Mumbai sectors, apart from offering connections from Coimbatore to Pune and Kolkata and a new connection from Delhi to Raipur.
13/09/17 Ashwini Phadnis/Business Line