Jet Airways India Ltd. has announced it will close its budget airline subsidiaries in a bid to return to profitability.According to Chairman Naresh Goyal, the airline will close its Jetlite and JetKonnect businesses by the end of this year and fly all its aircraft under a single, full-service brand. Goyal stated that the airline’s target is to return to profit by 2017. The airline has not reported a profit since 2008.Jet Airways India is 24%-owned by Etihad Airways. Jet’s long-term plans include leasing A380s from Etihad when the Abu Dhabi-based carrier starts to receive them. Jet’s losses recorded during Q2

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