Following speculative reports that State Bank of India may file insolvency proceedings against the airline, Jet
Airways took an unusual step on Monday and released a joint statement from chairman Naresh Goyal and
Etihad Airways CEO Tony Douglas expressing confidence that once the Bank-led Provisional Resolution
Plan (BLPRP) is implemented, the airline would bounce back and reclaim its position in the Indian aviation
market.
“Jet Airways, launched 25 years ago as a home-grown Indian brand, has since revolutionised air travel in India. Operating modern aircraft and ushering in service concepts previously not seen in Indian skies, the airline went on to first offer connectivity across the length and breadth of India and then proudly took the best of India to the rest of the world. For a quarter of a century, Jet Airways has set the gold standard for Indian hospitality on-ground and in the skies and worked tirelessly to anticipate, meet and surpass guest expectations,” the joint statement said.
“However, in the last year the aviation industry has experienced extraordinary headwinds and challenges. Rising oil prices, a depreciating rupee and market saturation, among other things, have combined to critically impact the civil aviation sector as a whole. Some airlines have been hit harder than others; Jet Airways, India’s premier full service airline, being one of them,” the statement said.
The statement pointed out that an airline’s operational metrics were the true measure of its strength and quality and Jet Airways’s high on time performance, passenger load factor, the flight cancellation rate of just 0.2 per cent, and high technical dispatch reliability – all indicated that the airline continued to enjoy the confidence of its patrons.
25/02/19 Satish Nadagaonkar/Mumbai Mirror
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“Jet Airways, launched 25 years ago as a home-grown Indian brand, has since revolutionised air travel in India. Operating modern aircraft and ushering in service concepts previously not seen in Indian skies, the airline went on to first offer connectivity across the length and breadth of India and then proudly took the best of India to the rest of the world. For a quarter of a century, Jet Airways has set the gold standard for Indian hospitality on-ground and in the skies and worked tirelessly to anticipate, meet and surpass guest expectations,” the joint statement said.
“However, in the last year the aviation industry has experienced extraordinary headwinds and challenges. Rising oil prices, a depreciating rupee and market saturation, among other things, have combined to critically impact the civil aviation sector as a whole. Some airlines have been hit harder than others; Jet Airways, India’s premier full service airline, being one of them,” the statement said.
The statement pointed out that an airline’s operational metrics were the true measure of its strength and quality and Jet Airways’s high on time performance, passenger load factor, the flight cancellation rate of just 0.2 per cent, and high technical dispatch reliability – all indicated that the airline continued to enjoy the confidence of its patrons.
25/02/19 Satish Nadagaonkar/Mumbai Mirror
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