Jetlite, jetairways and jet plans 10% reduction in domestic flights

Jetlite, jetairways and jet plans 10% reduction in domestic flights

is all set to reduce domestic capacity by 10% within a month. This will be over and above 20% capacity
pruning the airline has done during November-May, to tackle slowdown in traffic and mounting losses. Jet's net loss touched Rs 961.4 crore in 2008-09.

However, the reduced capacity in domestic routes will be added to the international operations where the airline is making profit. So, some Boeing 737s deployed on the domestic side will be diverted to Gulf and southeast Asia. And, some 737s will be shifted to Jet's new low-cost brand, Konnect.

"In the reduced travel during this slowdown, the domestic aviation industry has 40% over-capacity. Ticket prices are about 30% below the cost recovery level. The industry as a whole has to remedy this situation but we are doing our bit. After cutting 20% domestic capacity from November to May, now we will go in for another 10% cut by June," said a senior official.

At present about 40 of the 50 Boeing 737s in Jet's fleet are used on domestic side. In an ongoing route rationalisation that saw smaller planes being deployed on routes as per actual loads, Boeing 737s are now used to service all international sectors except North America, Europe and Mumbai-Singapore. Now more of these planes would be used for international expansion.

"Our EBIDTA growth on international sector is 24% in Q4 of 2008-09, a figure that was negative on first two quarters of last fiscal and 12% in Q3. The improved result, though the overall condition is still challenging, is substantially due to international operations doing better. We are almost done with our international long-haul restructuring and there will be gradual expansion here," Jet CEO Wolfgang Prock-Schaeur said. Better showing on international front helped Jet post a profit of Rs 53 crore in Q4 of 2008-09.

The Jet-JetLite combine has a total fleet of 110 aircraft. In the past few months, it has leased out nine widebody planes to foreign carriers. Admitting that the situation remains critical for the industry as a whole, Jet expects to save $330 million through route restructuring and cost-cutting programmes like closing some overseas bases, laying off staffers, pruning salaries and fleet size. In addition, restructuring of payment schedules to financial institutions and service providers is going to lead to a cash release of $270 million. "So we have nearly $600 million of cost saving and cash release for this fiscal," the CEO said.

History of Jetlite

JetLite Airlines
JetLite, until recently known as Air Sahara, is an airline based in New Delhi, India. JetLite a wholly owned subsidiary of Jet Airways India Ltd, was acquired by Jet Airways in April 200.In the year 2004 Air Sahara started flights from Chennai to Colombo thus becoming an international carrier.It is a privately owned airline operating scheduled services connecting metropolitan centres in India. It also won the award for its Sixer initiative and the airline was awarded the Largest Web Merchant of Indiatimes for the year 2003.

JetLite Fleet

JetLite's fleet includes advanced aviation technology New Generation Boeing 737-700s, 737-800s and Classic 737-400s besides a fleet of 7 regional jets. The fleet includes four highly advanced Helicopters (Dauphin and Ecureuil) as well, which provide efficient charter services.Operating 141 flights every day and Connecting 32 cities (2 international cities)

JetLite Sectors

The Jet Lite's main base is Indira Gandhi International Airport, New Delhi with hubs at other metrocities as well.Jet Lite flies to various destinations in India, which include important cities like Delhi, Bangalore, Mumbai, Kolkata, Lucknow, Hyderabad, Pune, Chennai along with regional destinations like Ahmedabad, Gorakhpur, Allahabad, Bhubaneshwar, Ranchi and others. The airline has recently added international destinations like Singapore, Colombo, Kathmandu and Chicago (Code-share with American Airline) to its network and would be further enhancing it by adding United Kingdom (London) and Malaysia (Kuala Lumpur) shortly. For cheap airfares and great deals on international and domestic air tickets, including popular travel sectors like New Delhi to Bangalore, Mumbai to Bangalore, New Delhi to Mumbai, Bangalore to New Delhi, Mumbai to Goa, Delhi to Goa, Bangalore to Hyderabad and more, book your travel on JetLite.

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