JET AIRWAYS TO CUT ONE LOW-COST BRAND

Dino D'Amore
By Dino D'Amore July 26, 2011 11:51

JET AIRWAYS TO CUT ONE LOW-COST BRAND

Jet Airways is planning to cut one of its low-fare brands— JetLite and JetKonnect — within the next two months.

Jet acquired JetLite from the Sahara Group in 2007, then called Air Sahara. But the acquisition got into a legal tangle. A high court ruling in May upheld that the value of the takeover deal was Rs1,450 crore as against Sahara’s claim of Rs2,000 crore. Jet is now free to consider a sale and leaseback option as well a merger for JetLite.

JetLite has a fleet of 18 aircraft, all of which are leased. Jet Airways has a standalone fleet of 97 aircraft. JetKonnect is used according to demand and it operates around 170 flights daily, while JetLite operates around 110 flights on an average.

Dino D'Amore
By Dino D'Amore July 26, 2011 11:51
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