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Jet Airways
ë  is a major Indian airline based in Mumbai, Maharashtra. It is India's largest airline and the
market leader in the domestic sector. It operates over 400 flights daily to 67 destinations worldwide. Its
main hub is Chhatrapati Shivaji International Airport.

[edit]
   
Jet Airways was incorporated as an air taxi operator on 1 April 1992. It started Indian commercial airline
operations on 5 May 1993 with a fleet of four leased Boeing 737-300 aircraft. In January 1994 a change
in the law enabled Jet Airways to apply for scheduled airline status, which was granted on 4 January
1995. It began international operations to Sri Lanka in March 2004. The company is listed on the Bombay
Stock Exchange, but 80% of its stock is controlled by Naresh Goyal (through his ownership of Jet¶s parent
company, Tailwinds). It has 10,017 employees (as at March 2007).[3]

·


 ·

Naresh Goyal ± who already owned Jetair (Private) Limited, which provided sales and marketing for
foreign airlines in India ± set up Jet Airways as a full-service scheduled airline to compete against state-
owned Indian Airlines. Indian Airlines had enjoyed a monopoly in the domestic market between 1953,
when all major Indian air transport providers were nationalised under the Air Corporations Act (1953), and
January 1994, when the Air Corporations Act was repealed, following which Jet Airways received
scheduled airline status.

[edit]  
In January 2006 Jet Airways announced that it would buy Air Sahara for US$500 million in an all-cash
deal, making it the biggest takeover in Indian aviation history. The resulting airline would have been the
[5]
country's largest but the deal fell through in June 2006.

On 12 April 2007 Jet Airways agreed to buy out Air Sahara for INR14.5 billion (US$340 million). Air
Sahara was renamed JetLite, and was marketed between a low-cost carrier and a full service airline. In
[6]
August 2008 Jet Airways announced its plans to completely integrate JetLite into Jet Airways.

[edit]å 
In October 2008 Jet Airways laid off 1,900 of its employees, resulting in the largest lay-off in the history of
Indian aviation.[7] However the employees were later asked to return to work; Civil Aviation Minister Praful
[8][9]
Patel said that the management reviewed its decision after he analysed the decision with them.

In October 2008 Jet Airways and rival Kingfisher Airlines announced an alliance which primarily includes
an agreement on code-sharing on both domestic and international flights, joint fuel management to
reduce expenses, common ground handling, joint utilisation of crew and sharing of similar frequent flier
programmes.[10]

On 8 May 2009 Jet Airways launched its low-cost brand, Jet Konnect. The decision to launch a new
brand instead of expanding the JetLite network was taken after considering the regulatory delays involved
in transferring aircraft from Jet Airways to JetLite, as the two have different operator codes. The brand
was launched on sectors that had 50% or less load factor with the aim of increasing it to 70% and above.
Jet officials said that the brand would cease to exist once the demand for the regular Jet Airways
increases.[11]

According to a PTI report, for the third quarter of 2010, Jet Airways (Jet+JetLite) had a market share of
26.9% [12] in terms of passengers carried, thus making it a market leader in India, followed by Kingfisher
Airlines with 19.9% .





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Jet Airways
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