Jet Airways Plans

Jet Airways plans to hike airfare during festive season next month :

Jet Airways is considering hiking airfare during the festive season next month. Wolfgang Prock-Schauer, Chief Executive, Jet Airways , said yesterday that they have not firmed up on increasing the airfare, but they intend to do so during the forthcoming festive season. Even if they do so, the fare hike will not be very high. He further added that the airline will raise up to USD 800 million from the market in the next two years. According to Prock-Schauer, the airline will break even and post profits by March 2010.

Prock-Schauer informed that the company was working out a plan for maintenance, repair and overhauling of its facilities, but nothing has been decided yet. Currently, the airline is focused on its expansion plan for international and domestic routes. “By November end we will have two wide-body A330 aircraft. These aircraft will fly to foreign destinations like Hong Kong, Dubai and Saudi Arabia,” informed Prock-Schauer.

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