NEW DELHI: Amid difficult times for the aviation industry, Jet Airways has cut three of its biggest loss-making international routes and plans to lease four wide-body Boeing 777 aircraft, besides phasing out three Boeing 737 planes.
The carrier, which has been overtaken last month by Kingfisher as the largest airline, discontinued the Amritsar-London-Amritsar route in December, Bombay-Shanghai-San Francisco and Bangalore-Brussels sectors in January as part of its network rationalisation exercise.
"These were the highest loss-making routes. This will, therefore, help us reduce losses further in the next few quarters," Jet Airways CEO Wolfgang Prock-Schaeur told investors.
Commenting on the fleet rationalisation programme undertaken by the company for the ongoing quarter, he said: "We will lease out another Boeing 777 aircraft, this is aircraft number three (third to be leased out) to Turkish Airlines. Starting April, the plans are to lease out four more Boeing 777.
"In addition we will be phasing out our three Boeing 737 classic aircraft, whose leases expire in Q4 of FY 2009, and not replace them."
Source: http://timesofindia.indiatimes.com/Business/Jet-Airways-cuts-international-routes/articleshow/4148402.cms
The carrier, which has been overtaken last month by Kingfisher as the largest airline, discontinued the Amritsar-London-Amritsar route in December, Bombay-Shanghai-San Francisco and Bangalore-Brussels sectors in January as part of its network rationalisation exercise.
"These were the highest loss-making routes. This will, therefore, help us reduce losses further in the next few quarters," Jet Airways CEO Wolfgang Prock-Schaeur told investors.
Commenting on the fleet rationalisation programme undertaken by the company for the ongoing quarter, he said: "We will lease out another Boeing 777 aircraft, this is aircraft number three (third to be leased out) to Turkish Airlines. Starting April, the plans are to lease out four more Boeing 777.
"In addition we will be phasing out our three Boeing 737 classic aircraft, whose leases expire in Q4 of FY 2009, and not replace them."
Source: http://timesofindia.indiatimes.com/Business/Jet-Airways-cuts-international-routes/articleshow/4148402.cms
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