Jet Airways (P) Ltd.

completed

Jet Airways (India) Ltd. is a leading private domestic airline in India that commenced operations in 1994 and currently provides scheduled services to over 30 cities within the country. Over the next five years Jet Airways plans to substitute some of its existing operating leases with owned aircraft and expand its fleet by buying New Generation Boeing B737s. These will include purchase of ten new B737-800s and lease of four new 737-700s over the five years, while retiring leases on seven older 737’s. On completion, Jet Airways would have thirty-two B737s and five French made ATR-72s suitable for short haul operations in the interior regions of the country.The proposed acquisition is part of Jet Airways’ strategy to fly a modern, young fleet with low operating and maintenance costs. It will enable Jet Airways to meet the growing air traffic demand in India, strengthen its existing routes by offering more flights at conveniently scheduled times, expand its reach into routes not being serviced currently within the country, and capture additional traffic flows created by its recently introduced ATR-72 feeder flights.Jet Airways is evaluating all of its support services for potential service, efficiency and cost improvements. Currently the company contracts out a number of services, including engine maintenance, sales, some station operations, and catering. The project includes upgrading in-house maintenance facilities and establishing a technical training school complete with simulator equipment. Jet Airways currently performs routine maintenance in rented hanger space at Mumbai and contracts the remainder. The company plans to expand its maintenance capabilities at a site to be leased from Air India in Delhi. Fueling services will continue to be provided under contract.