Professional Documents
Culture Documents
• BEGINNING OF AIRLINES
• MID STAGE OF AIRLINES
• DOWNFALL OF AIRLINES
• AFTERMATH
BEGINNING OF AIRLINES:-
• FOUNDED ON 1st APRIL,1992 BY NARESH GOYAL & HIS CHILDREN.(NIVAAN
GOYAL & NAMRATA GOYAL)
• COMMENCED ALL OPERATIONS FROM 5th MAY,1993.
• IATA- 9W
• ICAO- JAI
CONTD…..
• FIRST FINANCIAL YEAR, JET AIRWAYS SERVED 12 DESTINATIONS IN
INDIA AND 663,000 PASSENGERS AND HAD A 6.6% MARKET SHARE.
• INCLUDED FOUR BOEING 737-300 AIRCRAFT IN FIRST FLEET, LEASED
FROM ANSETT WORLDWIDE.
• GRANTED A SCHEDULE AIRLINE STATUS ON 14th JANUARY,1995.
• BY 1996-97, THE AIRLINE CARRIED 2.4 MILLION PASSENGERS AND
HAD A MARKETSHARE OF 20% & INCREASED HIS FLEET FROM 4 TO
12 BOEING 737 AIRCRAFT.
MID STAGE OF AIRLINES:-
• THE AIRLINE LAUNCHED ITS FIRST INTERNATIONAL FLIGHT IN
MARCH 2004 FROM CHENNAI TO COLOMBOO.
• BECAME PUBLIC COMPANY ON 28th DECEMBER,2004 AND
LISTED ON THE BOMBAY STOCK EXCHANGE.
• IN JANUARY 2005, MCA GRANTED RIGHTS TO JET AIRWAYS TO
OPERATE SERVICES TO LONDON HEATHROW.
• ON 12 APRIL 2007, JET AIRWAYS ACQUIRE AIR SAHARA FOR
14.5BILLION(200 MILLION) & RENAMED AS JETLITE.
CONTD:-
• IN OCTOBER 2008, JET AIRWAYS LAID OFF 1900 OF ITS
EMPLOYEES,WHO WERE LATER RE-INSTATED DUE TO INTERVENTION
FROM THE MCA.
• ON 8th MAY 2009, JET AIRWAYS LAUNCHED ANOTHER LOW-COST
BRAND,JET KONNECT & INCLUDED BOEING 737 NEXT GENERTION
AND ATR-72 AIRCRAFTS IN FLEET FOR SHORT-HAUL ROUTES.
• BY THE END OF 2010, JET AIRWAYS BECAME THE LARGEST AIRLINE
IN INDIA WITH A PASSENGER MARKET SHARE OF 22.6%.
• OPERATES OVER 400 FLIGHTS DAILY TO 65 DESTINATIONS &
AGREEMENT WITH 133 INTERNATIONAL AIRLINES.
• ON 12th NOVEMBER 2013 JET AIRWAYS SOLD 24% STAKE OF AIRLINE
TO EITHAD FOR US$379MILLION.
PERFORMANCES & CHALLENGES:-
• ANNUAL REVENUE- Rs 9481.5 crores(2007-08)
Rs 7401 crores(2006-07)