Friday, September 14, 2018

Jet Airways brings new business plan to escape crisis; 7 key decisions

It's not just common citizens who are facing headwinds from rising fuel prices. Notably, airlines too are suffering from a similar nightmare. With the ongoing rise in fuel rates, the premium carrier Jet Airways, which is cash strapped currently, has now come up with a plan to soar over its crisis.

Gilbert George vice-president of Jet Airways said, that in the domestic market, presence of overcapacity of seats was one of the problems affecting the sector, reported by The Indian Express.

With that in mind, George revealed that Jet Airways was working towards increasing its ancillary revenues by de-bundling offerings from its fares.

On its website, Jet Airways has announced major triggers and initiatives taken for cost cutting, debt reduction and funding options. The airline also stated intention of a capital infusion, monetization of assets along with stake sale in its Loyalty programme.
14/09/18 ZeeBiz

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