:Jet Airways
{{Short description|Defunct airline of India (1992–2019)}}
{{distinguish|Jat Airways}}
{{good article}}
{{Use dmy dates|date=July 2019}}
{{Use Indian English|date=January 2020}}
{{Infobox airline
| airline = Jet Airways
| logo = Jet Airways Logo.svg
| logo_size = 250
| alt =
| callsign = JET AIRWAYS{{cite web|url=https://www.faa.gov/documentLibrary/media/Order/7340.2G_Bsc_dtd_1-5-17.pdf|title=JO 7340.2G Contractions|work=Federal Aviation Administration|date=2 August 2017|access-date=2 August 2017|pages=3–1–17|url-status=live|archive-url=https://web.archive.org/web/20170611035243/https://www.faa.gov/documentLibrary/media/Order/7340.2G_Bsc_dtd_1-5-17.pdf|archive-date=11 June 2017|df=dmy-all}}
| fleet_size = 5
| destinations =
| founded = {{start date|1993|04|01|df=yes}}
| commenced = {{start date|1993|05|05|df=yes}}
| ceased = {{end date|2019|04|17|df=yes}}
| hubs = {{ubl|class=nowrap
| Chennai
| Delhi
| Mumbai}}
| focus_cities = Amsterdam
| frequent_flyer = Intermiles{{Cite web|url=https://www.livemint.com/companies/news/seven-month-after-jet-s-grounding-jetprivilege-renamed-intermiles-11573731974138.html|title=Seven month after Jet's grounding, JetPrivilege renamed InterMiles|last=Kundu|first=Rhik|date=2019-11-14|website=Livemint|publisher=Mint|language=en|access-date=2019-11-17}}{{Cite web|url=https://www.cnbctv18.com/aviation/jet-airways-frequent-flier-programe-jetprivilege-is-now-intermiles-the-benefits-and-riders-explained-4705771.html|title=Jet Airways' frequent flier programme JetPrivilege is now InterMiles. The benefits and riders, explained|website=cnbctv18.com|date=15 November 2019|language=en-US|access-date=2019-11-17}}
| subsidiaries = {{ubl|class=nowrap
| JetKonnect {{small|(2012–2019)}}
| JetLite {{small|(2007–2012)}}}}
| headquarters = Mumbai, Maharashtra, India
| key_people = Murari Lal Jalan (non-executive Chairman)
| traded_as = {{BSE|532617}}
{{NSE|JETTAIRWAYS}}
| ISIN = INE802G01018
| market cap =
| operating_income =
| revenue = {{increase}} {{INRConvert|252|b|lk=r}} (FY 2017–18){{cite web|title=Audited Financial Year Results for the Financial Year ended 31st March 2018|url=https://www.jetairways.com/doc/InvestorRelations/clause_41_PDF_v2.pdf|publisher=JetAirways|access-date=10 May 2018}}
| profit = {{decrease}} {{INRConvert|-6.3|b}} (FY 2017–18)
| net_income =
| equity =
| aoc =
| website = {{URL|www.jetairways.com}}
}}
Jet Airways Limited, trading as Jet Airways, was an Indian full-service airline based in Delhi, with a training and developmental centre in Mumbai. Incorporated in April 1993 as a limited liability company, the airline began operations as an air taxi operator in 1993. It began full operations in 1995, with international flights introduced in 2004. The airline went public in 2005 and in 2007, when it acquired Air Sahara. The airline was expected to re-commence its flight operations by the end of 2024, which would have made it the first Indian airline to be revived after ceasing operations.{{cite web|url=https://www.ch-aviation.com/portal/news/119811-indias-jet-airways-yet-to-secure-aircraft-for-ops-restart|title=India's Jet Airways yet to secure aircraft for ops restart|work=ch-aviation |access-date=29 September 2022}} On 7 November, 2024, the liquidation of the airline was ordered by the Supreme Court of India.
It grew to be one of the largest airlines in India, with a 21.2% passenger market share in February 2016. Jet Airways operated over 300 flights daily to 74 destinations worldwide from its former main hub at Chhatrapati Shivaji Maharaj International Airport in Mumbai and secondary hubs at Chennai International Airport in Chennai, Indira Gandhi International Airport in New Delhi, Kempegowda International Airport in Bangalore, Cochin International Airport in Kochi and Netaji Subhas Chandra Bose International Airport in Kolkata.
With its competitors—primarily low-cost carriers SpiceJet and IndiGo—lowering ticket fares in the following years, it was forced to follow suit, hurting overall performance resulting in steep financial losses. It dropped to second place behind IndiGo in October 2017, with a passenger market share of 17.8%. The downward slide continued and resulted in bankruptcy in 2019.{{cite web |title=NCLT admits lenders' move for bankruptcy proceedings against Jet Airways |work=mint |date=20 June 2019|url=https://www.livemint.com/companies/news/nclt-admits-lenders-move-for-bankruptcy-proceedings-against-jet-airways-1561038831117.html}} Jet Airways ceased operations in April 2019.
In 2020, Jet Airways was acquired by the investment company Kalrock with plans to resume operations in 2022. However, these plans were delayed due to financial issues and ongoing proceedings with the National Company Law Tribunal.{{Cite web |date=2023-05-22 |title=Is India's Jet Airways finally dead? |url=https://qz.com/is-indias-jet-airways-finally-dead-1850460232 |access-date=2023-07-18 |website=Quartz |language=en}} The airline was expected to restart operations by end of 2024, with Jalan-Kalrock's ownership retained.{{cite news|title =Jet Airways gains 5% after Jalan-Kalrock infuses Rs 100 cr, aims to take off next year|url=https://www.moneycontrol.com/news/business/markets/jet-airways-gains-5-after-jalan-kalrock-infuses-rs-100-cr-aims-to-take-off-next-year-11451261.html|work=Moneycontrol|date=29 September 2023|access-date=29 September 2023|language=en}}{{Cite news |last=Bureau |first=The Hindu |date=2024-05-08 |title=Supreme Court hears SBI consortium's appeal against NCLAT verdict on Jet Airways transfer |url=https://www.thehindu.com/news/national/supreme-court-hears-sbi-consortiums-appeal-against-nclat-verdict-on-jet-airways-transfer/article68154538.ece |access-date=2024-07-17 |work=The Hindu |language=en-IN |issn=0971-751X}}
After years of prolonged attempts at resuscitation, the Supreme Court ordered the liquidation of the airline on 7 November 2024.{{Cite web |date=2024-11-07 |title=Jet Airways retail shareholders stare at total loss after liquidation order: Report |url=https://www.indiatoday.in/business/story/jet-airways-retail-shareholders-liquidation-order-wipeout-share-price-2629770-2024-11-07 |access-date=2024-11-07 |website=India Today |language=en}}{{Cite web |title=jet airways news: Supreme Court orders liquidation of Jet Airways on failure of resolution plan - The Economic Times |url=https://economictimes.com/industry/transportation/airlines-/-aviation/jet-airways-liquidation-supreme-court-orders-liquidation-of-naresh-goyals-airline-on-failure-of-resolution-plan/articleshow/115044332.cms |access-date=2024-11-07 |website=The Economic Times|date=7 November 2024 }}
History
The airline was granted a scheduled airline status on 14 January 1995.{{cite report|url=http://economictimes.indiatimes.com/jet-airways-%28india%29-ltd/infocompanyhistory/companyid-4374.cms|title=Company history, Jet airways|access-date=25 March 2016|archive-url=https://web.archive.org/web/20160103050148/http://economictimes.indiatimes.com/jet-airways-(india)-ltd/infocompanyhistory/companyid-4374.cms|work=The Economic Times|url-status=live|archive-date=3 January 2016}}{{cite news|url=https://www.flightglobal.com/pdfarchive/view/1994/1994%20-%202260.html|title=India raises status of air taxi operators |date=21 September 1994|access-date=16 February 2019|work=Flightglobal}} It entered into a marketing agreement with KLM the same year.{{cite news|url=https://www.flightglobal.com/pdfarchive/view/1995/1995%20-%202464.html|title=KLM signs up India ally|date=21 September 1994|work=Flightglobal|access-date=16 February 2019}} In 1996, the airline placed a $375 million{{cite news|url=https://www.flightglobal.com/pdfarchive/view/1997/1997%20-%203155.html|title=Jet Airways begins 737 fleet expansion |date=19 November 1997|access-date=16 February 2019|work=Flightglobal}} order for four 737-400 and six 737-800 aircraft from Boeing,{{cite news|url=https://www.flightglobal.com/pdfarchive/view/1996/1996%20-%203328.html|title=New 737 launch stresses technology and low cost |date=18 December 1996|access-date=16 February 2019|work=Flightglobal}} which were delivered between 1997 and 2000. Jet Airways was the first airline in Southeast Asia to order the 737-800.{{cite news|url= https://boeing.mediaroom.com/1999-06-14-Jet-Airways-Chooses-Boeing-Next-Generation-737-800s|title=Jet Airways Chooses Boeing Next-Generation 737-800s |date=14 June 1999| access-date=16 February 2019|work=Boeing Press release}} In the financial year 1996–97, the airline carried 2.4 million passengers and had a market share of 20 percent, second highest after state-owned Indian Airlines. By this time, the airline had a fleet of twelve Boeing 737 aircraft, operating 83 daily flights to 23 domestic destinations.{{cite news|url=https://www.flightglobal.com/pdfarchive/view/1997/1997%20-%201602.html|title=India's Jet Challenger|date=18 June 1997|access-date=16 February 2019|work=Flightglobal}} In 1997, the Cabinet Committee on Foreign Investment (CCFI) of the Government of India announced that foreign airlines would no longer be permitted to take an equity stake in joint ventures with Indian aviation companies, reversing the Government's earlier policy which had allowed carriers such as Gulf Air, Kuwait Airways and Lufthansa to hold a maximum 40% equity stake in their joint ventures with Indian partners.{{cite news|url=https://www.flightglobal.com/pdfarchive/view/1997/1997%20-%200516.html|title=Mystery in the East |date=26 February 1997|access-date=16 February 2019|work=Flightglobal}} In October 1997, as per this directive, Naresh Goyal took back control of Trade Winds from its foreign investors.{{cite news|url=https://www.flightglobal.com/pdfarchive/view/1997/1997%20-%201520.html|title=Jet Airways investors take first step towards share sale |date=18 June 1997|access-date=16 February 2019|work=Flightglobal}}
At the Paris Air Show in June 1999, Jet Airways announced an order worth approximately $550 million for ten Boeing 737-800 aircraft. The airline purchased its first Boeing 737-400 simulator from CAE Inc. in 2001.{{cite news|url=https://www.flightglobal.com/pdfarchive/view/2002/2002%20-%201083.html?search=Jet%20Airways|title=Census:civil simuators|date=2 April 2002|access-date=17 February 2019|work=Flightglobal}} By April 2001, the airline fleet had grown to 30 aircraft and was operating over 195 flights daily to 37 destinations within India.{{cite news|url=https://www.flightglobal.com/pdfarchive/view/2001/2001%20-%201077.html|title= World airline directory – Jet Airways|date=27 March 2001|access-date=17 February 2019|work=Flightglobal}} Jet Airways suffered losses for the first time since its establishment in financial year 2001–2002 as demand fell and costs increased.{{cite news|url=https://www.flightglobal.com/news/articles/indian-promise-164695/|title= Indian Promise|date=1 May 2003|access-date=17 February 2019|work=Flightglobal}} It was announced as launch customer for the Embraer 175 at the Farnborough air show in 2002,{{cite news|url=http://aviationweek.com/awin/embraer-175-nets-large-order-jet-airways-india|title=Embraer 175 Nets Large Order From Jet Airways of India|date=24 July 2002|access-date=17 February 2019|work=Aviation Week Network}} with an order for ten aircraft and ten options{{cite news|url=https://www.flightglobal.com/pdfarchive/view/2002/2002%20-%202292.html|title= BA/Qantas move on purchase|date=30 July 2002|access-date=17 February 2019|work=Flightglobal}} worth $520 million; unfortunately, the deal was subsequently was held in abeyance due to the airline's financial difficulties and eventually fell through.{{cite news|url=https://www.flightglobal.com/news/articles/jet-airways-restarts-embraer-talks-186460/|title= Jet Airways restarts Embraer talks|date=30 July 2004|access-date=17 February 2019|work=Flightglobal}} In 2003, the Indian government decided to allow private carriers to operate international services to countries in South Asia, such as Bangladesh, Nepal, and Sri Lanka,{{cite news|url=https://www.flightglobal.com/news/articles/india-keeps-investment-ban-190334/|title= India keeps investment ban|date=1 December 2004|access-date=17 February 2019|work=Flightglobal}} and Jet began preparations to launch international services.{{cite news|url=https://www.flightglobal.com/news/articles/india-opens-door-to-private-carriers-180691/|title= India opens door to private carriers |date=1 May 2004|access-date=17 February 2019|work=Flightglobal}} The airline launched its first international flight in March 2004 from Chennai to Colombo.{{cite news|url=http://indiatoday.intoday.in/story/jet-airways-completes-20-years-of-operations-on-sunday/1/269606.html|title=Jet Airways completes 20 years of operations on Sunday|date=6 May 2013|access-date=25 March 2016|work=India Today|url-status=live|archive-url=https://web.archive.org/web/20160408104904/http://indiatoday.intoday.in/story/jet-airways-completes-20-years-of-operations-on-sunday/1/269606.html|archive-date=8 April 2016}}
Jet Airways was listed on the Bombay Stock Exchange and became a public company on 28 December 2004. After the Government of India lifted the foreign ownership limits on Indian airlines to 49% from the previous 40%, the airline moved to raise funds via an IPO.{{cite news|url=https://www.flightglobal.com/news/articles/jet-airways-seeks-cash-via-ipo-191492/|title= Jet Airways seeks cash via IPO |date=1 January 2005|access-date=17 February 2019|work=Flightglobal}} The company's IPO in February 2005—which offered 20% of the airline's stock—saw strong interest from investors leading to oversubscription in retail, non-institutional and institutional tranches{{cite news|url=https://www.business-standard.com/article/markets/jet-airways-ipo-priced-at-rs-1100-per-share-105022801020_1.html|title= Jet Airways IPO priced at Rs 1100 per share|date=8 February 2005|access-date=17 February 2019|work=Business Standard}} and raised ₹18.9 billion, instantly making Naresh Goyal a paper billionaire.{{cite news|url=https://www.flightglobal.com/news/articles/investors-pile-into-indian-carriers-195748/|title= Investors pile into Indian carriers|date=1 April 2005|access-date=17 February 2019|work=Flightglobal}} Towards the end of 2004, the government announced that privately owned scheduled carriers meeting certain criteria could operate to all countries apart from those in the Middle East.{{cite news|url=https://www.flightglobal.com/news/articles/indian-carriers-gain-uk-access-194311/|title= Indian carriers gain UK access |date=1 March 2005|access-date=17 February 2019|work=Flightglobal}} Thereafter, in January 2005, the Ministry of Civil Aviation granted rights to Jet Airways to operate services to London Heathrow. The airline started its first international, long-haul flight to London in May 2005{{cite news|url=https://www.flightglobal.com/news/articles/jet-starts-new-global-push-199842/|title= Jet starts new global push|date=1 July 2005|access-date=17 February 2019|work=Flightglobal}} with two-class Airbus A340-300s sub-leased from South African Airways.{{cite news|url=https://www.flightglobal.com/news/articles/jet-adds-to-airbus-widebody-fleet-197914/|title= Jet adds to Airbus widebody fleet|date=17 May 2005|access-date=17 February 2019|work=Flightglobal}}
=Growth and expansion=
In January 2006, Jet Airways announced its intention to acquire Air Sahara for {{US$|500 million}} in an all-cash deal; however, the deal fell through in June 2006.{{cite news|url=http://indiatoday.intoday.in/story/jet-sahara-deal-why-it-crashed/1/191022.html|title=Why it crashed|first1=Priya|last1=Sahgal|first2=Rohit|last2=Saran|work=India Today|date=10 July 2006|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160408060252/http://indiatoday.intoday.in/story/jet-sahara-deal-why-it-crashed/1/191022.html|archive-date=8 April 2016}} On 12 April 2007, the deal was back on track with Jet Airways agreeing to pay {{INRconvert|14.5|b}}.{{cite news|url=http://www.rediff.com/money/2007/apr/12jet1.htm|title=Jet finally buys Air Sahara for Rs 1,450 crore|work=Rediff.com|date=12 April 2007|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160529063151/http://www.rediff.com/money/2007/apr/12jet1.htm|archive-date=29 May 2016}} On 16 April 2007, Air Sahara was renamed as JetLite and was marketed between a low-cost carrier and a full-service airline.{{cite news|url=http://ibnlive.in.com/news/jet-airways-launches-lowcost-service-jet-konnect/92012-7.html|title=Jet Airways launches low-cost service|publisher=CNN-IBN|date=7 May 2009|access-date=7 October 2012|url-status=dead|archive-url=https://web.archive.org/web/20121017122210/http://ibnlive.in.com/news/jet-airways-launches-lowcost-service-jet-konnect/92012-7.html|archive-date=17 October 2012}} JetLite became a wholly-owned subsidiary of Jet Airways.{{cite news|url=http://www.rediff.com/money/2007/apr/16jet.htm|title=Jet renames Air Sahara 'Jetlite'|work=Rediff.com|date=16 April 2007|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160303171450/http://www.rediff.com/money/2007/apr/16jet.htm|archive-date=3 March 2016}} In August 2008, Jet Airways announced its plans to integrate JetLite into Jet Airways.{{cite news|first=Mithun|last=Roy|url=http://economictimes.indiatimes.com/News_by_Industry/JetLite_may_merge_with_Jet_Airways/articleshow/3400790.cms|title=JetLite may merge with Jet Airways this year|newspaper=The Economic Times|date=25 August 2008|access-date=30 August 2010|url-status=live|archive-url=https://web.archive.org/web/20090110113537/http://economictimes.indiatimes.com/News_by_Industry/JetLite_may_merge_with_Jet_Airways/articleshow/3400790.cms|archive-date=10 January 2009}} In October 2008, Jet Airways laid off 1,900 of its employees, who were later reinstated after the Ministry of Civil Aviation's intervention.{{cite news|first=Manju|last=V|url=http://timesofindia.indiatimes.com/Jet_Airways_lays_off_850_flight_attendants/articleshow/3596360.cms|title=Jet Air lays off 850 flight attendants|newspaper=The Times of India|date=15 October 2008|access-date=30 August 2010|url-status=live|archive-url=https://web.archive.org/web/20090113061611/http://timesofindia.indiatimes.com/Jet_Airways_lays_off_850_flight_attendants/articleshow/3596360.cms|archive-date=13 January 2009}}{{cite news|url=http://economictimes.indiatimes.com/Praful_takes_credit_for_reversal_of_Jet_layoffs/articleshow/3607311.cms|title=Praful takes credit for reversal of Jet layoffs|newspaper=The Economic Times|date=17 October 2008|access-date=30 August 2010|url-status=live|archive-url=https://web.archive.org/web/20090111225024/http://economictimes.indiatimes.com/Praful_takes_credit_for_reversal_of_Jet_layoffs/articleshow/3607311.cms|archive-date=11 January 2009}} In October 2008, the airline entered into an alliance with rival Kingfisher Airlines for code-sharing on domestic and international flights, collaboration on frequent-flyer program, and sharing crew and ground handling equipment.{{cite news|url=http://www.rediff.com/money/2008/oct/14jet.htm|title=Kingfisher, Jet in cost-saving alliance|work=Rediff.com|date=14 October 2008|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20161007001031/http://www.rediff.com/money/2008/oct/14jet.htm|archive-date=7 October 2016}} On 8 May 2009, Jet Airways launched another low-cost brand, Jet Konnect.{{cite news|url=http://www.rediff.com/business/slide-show/slide-show-1-why-jet-failed-to-konnect/20140821.htm|title=What went wrong with Jet Airways' no-frills brand Konnect|work=Rediff.com|date=21 August 2014|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160405104004/http://www.rediff.com/business/slide-show/slide-show-1-why-jet-failed-to-konnect/20140821.htm|archive-date=5 April 2016}} It operated a fleet of Boeing 737 Next Generation and ATR 72 aircraft and operated on profitable short-haul routes with higher passenger load factors.{{cite news|title=Jet Airways inducts five ATR 72–600 series aircraft|url=http://profit.ndtv.com/news/corporates/article-jet-airways-inducts-five-atr-72-600-series-aircraft-314305|publisher=NDTV|date=21 January 2013|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160304083922/http://profit.ndtv.com/news/corporates/article-jet-airways-inducts-five-atr-72-600-series-aircraft-314305|archive-date=4 March 2016}}{{cite news|url=http://www.thehindubusinessline.com/2009/05/08/stories/2009050851921500.htm|title=Jet Airways' low-fare service Konnect takes off today|newspaper=Business Line|date=8 May 2009|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20100912132303/http://www.thehindubusinessline.com/2009/05/08/stories/2009050851921500.htm|archive-date=12 September 2010}}
=Consolidation=
In the third quarter of 2010, Jet Airways became the largest airline in India with a passenger market share of 22.6%.{{cite news|url=http://dgca.nic.in/reports/pass-ind.htm|title=Lean period air traffic same, domestic traffic up|work=Rediff.com|date=19 October 2010|access-date=19 October 2010|url-status=live|archive-url=https://web.archive.org/web/20101020203821/http://dgca.nic.in/reports/pass-ind.htm|archive-date=20 October 2010}} In July 2012, the airline officially sought government approval to join Star Alliance.{{Cite news|last=Shukla|first=Tarun|title=Jet Airways seeks government nod to join Star Alliance|newspaper=Live Mint|date=1 August 2012|url=http://www.livemint.com/2012/07/31230326/Jet-Airways-seeks-government-n.html|url-status=live|archive-url=https://web.archive.org/web/20120903135902/http://www.livemint.com/2012/07/31230326/Jet-Airways-seeks-government-n.html|archive-date=3 September 2012}} Jet Airways is not a member of Star Alliance as of 2017.{{cite web|url=http://www.staralliance.com/en/member-airlines|title=Member airlines|publisher=staralliance.com|url-status=live|archive-url=https://web.archive.org/web/20170606170146/http://www.staralliance.com/en/member-airlines|archive-date=6 June 2017}} In June 2011, it became the first domestic airline in India to ban meat products and liquids in check-in baggage.{{cite news|url=http://www.hindustantimes.com/India-news/Mumbai/Jet-Airways-bans-meat-products-fliers-upset/Article1-762303.aspx|title=Jet Airways bans meat products, fliers upset|newspaper=Hindustan Times|date=29 October 2011|access-date=7 October 2012|url-status=dead|archive-url=https://web.archive.org/web/20111101004750/http://www.hindustantimes.com/India-news/Mumbai/Jet-Airways-bans-meat-products-fliers-upset/Article1-762303.aspx|archive-date=1 November 2011}} Jet Airways merged the JetLite brand into Jet Konnect on 25 March 2012 and began offering business-class seats after the demise of Kingfisher Airlines.{{cite news|title=Jet airways offers business class seats|url=http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/jet-airways-offers-eight-business-class-seats-in-konnect-to-cash-in-on-kingfisher-airlines-woes/articleshow/16816425.cms|access-date=17 October 2012|newspaper=The Times of India|date=15 October 2012|url-status=live|archive-url=https://web.archive.org/web/20121104201237/http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/Jet-Airways-offers-eight-business-class-seats-in-Konnect-to-cash-in-on-Kingfisher-Airlines-woes/articleshow/16816425.cms|archive-date=4 November 2012}}{{cite news|url=http://timesofindia.indiatimes.com/business/india-business/Jet-Airways-discontinues-JetLite-merges-with-Konnect/articleshow/12331010.cms|newspaper=The Times of India|title=Jet Airways discontinues JetLite, merges with Konnect|date=19 March 2012|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160423100311/http://timesofindia.indiatimes.com/business/india-business/Jet-Airways-discontinues-JetLite-merges-with-Konnect/articleshow/12331010.cms|archive-date=23 April 2016}}{{cite news|url=http://www.thehindu.com/business/companies/jet-discontinues-jetlite-merges-with-konnect/article3012909.ece|newspaper=The Hindu|title=Jet discontinues JetLite, merges with Konnect|date=19 March 2012|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20180303131216/http://www.thehindu.com/business/companies/jet-discontinues-jetlite-merges-with-konnect/article3012909.ece|archive-date=3 March 2018}} In 2013, Etihad Airways planned to buy a stake in the airline following the government's announcement in September 2012 that foreign airlines could take a stake of up to 49% in Indian carriers. On 24 April 2013, Jet announced that it was ready to sell a 24% stake in the airline to Etihad for {{US$|379 million}}.{{cite news|url=http://news.outlookindia.com/items.aspx?artid=796325|title=Jet Airways to Sell 24% Equity to Etihad Airways|work=Outlook|date=25 April 2013|access-date=29 June 2013|url-status=dead|archive-url=https://web.archive.org/web/20130517000942/http://news.outlookindia.com/items.aspx?artid=796325|archive-date=17 May 2013}}{{cite news|title=Etihad's Indian investment|url=https://www.economist.com/blogs/gulliver/2013/01/etihads-indian-investment|newspaper=The Economist|access-date=17 January 2013|date=8 January 2013|url-status=live|archive-url=https://web.archive.org/web/20130115031314/http://www.economist.com/blogs/gulliver/2013/01/etihads-indian-investment|archive-date=15 January 2013}} The deal, which was expected to be signed in January 2013, was deferred, and was eventually inked on 12 November 2013.{{cite news|title=Jet-Etihad deal: Expect announcement by Feb 3|url=http://www.moneycontrol.com/news/business/jet-etihad-deal-expect-announcement-by-feb-3_807962.html|work=Moneycontrol|date=17 January 2013|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160107035603/http://www.moneycontrol.com/news/business/jet-etihad-deal-expect-announcement-by-feb-3_807962.html|archive-date=7 January 2016}}{{cite news|title=Etihad to finalise deal with Jet Airways on Friday|url=http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/etihad-to-finalise-deal-with-jet-airways-on-friday-reports/articleshow/18130573.cms|newspaper=The Economic Times|date=22 January 2013|access-date=25 March 2016}}{{cite news|title=Etihad due diligence on Jet Airways seen by next week|url=http://in.reuters.com/article/etihad-jet-idINDEE91306V20130204|work=Reuters|access-date=4 February 2013|date=4 February 2013|url-status=dead|archive-url=https://web.archive.org/web/20130206210537/http://in.reuters.com/article/2013/02/04/etihad-jet-idINDEE91306V20130204|archive-date=6 February 2013}}{{cite web|url=http://www.jetairways.com/en/in/jetexperience/strategic-alliance.aspx|title=Jet Airways and Etihad Airways strategic alliance|publisher=Jet Airways|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160318123544/http://www.jetairways.com/en/in/jetexperience/strategic-alliance.aspx|archive-date=18 March 2016}} Naresh Goyal retained 51% ownership of the stock.{{cite report|url=http://www.jetairways.com/documents/Q3-Feb-2016.pdf|title=Shareholding pattern, Q3 2015–16|publisher=Jet Airways|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160414142901/http://www.jetairways.com/documents/Q3-Feb-2016.pdf|archive-date=14 April 2016}} In 2013, the airline lowered prices and entered into a fare war with low-cost carriers IndiGo and SpiceJet due to falling passenger demand.{{cite news|title=SpiceJet slashes domestic airfare for limited period, other airlines may follow|url=http://ibnlive.in.com/news/spicejet-slashes-domestic-airfare-for-limited-period-other-airlines-may-follow/315313-3.html|publisher=CNN-IBN|date=12 January 2013|access-date=19 February 2013|url-status=dead|archive-url=https://web.archive.org/web/20130115034638/http://ibnlive.in.com/news/spicejet-slashes-domestic-airfare-for-limited-period-other-airlines-may-follow/315313-3.html|archive-date=15 January 2013}}{{cite news|title=SpiceJet, IndiGo join Jet Airway's airfare war, offer discounts|url=http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/spicejet-indigo-join-jet-airways-airfare-war-offer-discounts/articleshow/18573315.cms|newspaper=The Economic Times|access-date=19 February 2013|date=19 February 2013}}{{cite news|title=Jet Airways escalates price war, offers 20 lakh tickets at rock bottom rates|url=http://businesstoday.intoday.in/story/jet-airways-escalates-price-war-offers-tickets-at-low-rates/1/192536.html|newspaper=Business Today|date=20 February 2013|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20130604085859/http://businesstoday.intoday.in/story/jet-airways-escalates-price-war-offers-tickets-at-low-rates/1/192536.html|archive-date=4 June 2013}}{{cite news|title=Race on to slash airfares: IndiGo, GoAir follow suit as flyers scramble for discounted Jet tickets|url=http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/race-on-to-slash-airfares-indigo-goair-follow-suit-as-flyers-scramble-for-discounted-jet-tickets/articleshow/18582703.cms?adcode=50|newspaper=The Economic Times|access-date=20 February 2013|date=20 February 2013}} In February 2013, the airline's market value dropped by {{INRconvert|4.84|b}} due to falling share prices.{{cite web|title=Shares of Jet Airways down more than 11% on Etihad deal worries|url=http://www.hindustantimes.com/News-Feed/SectorsAviation/Shares-of-Jet-Airways-down-more-than-11-on-Etihad-deal-worries/Article1-1017883.aspx|newspaper=Hindustan Times|date=27 February 2013|access-date=25 March 2016|url-status=dead|archive-url=https://web.archive.org/web/20130423003952/http://www.hindustantimes.com/News-Feed/SectorsAviation/Shares-of-Jet-Airways-down-more-than-11-on-Etihad-deal-worries/Article1-1017883.aspx|archive-date=23 April 2013}}{{cite news|title=Jet Airways down over 11%; market valuation drops by Rs 484 crore|url=http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/jet-airways-down-over-11-market-valuation-drops-by-rs-484-crore/articleshow/18690014.cms|newspaper=The Economic Times|access-date=27 February 2013|date=26 February 2013}} Jet Airways made profits in the third quarter of the financial year 2013–14, after posting losses over the previous year.{{cite news|title=Jet Airways returns to profit|url=http://www.thehindu.com/business/companies/jet-airways-returns-to-profit/article4369388.ece|newspaper=The Hindu|access-date=4 February 2013|location=Chennai, India|date=2 February 2013|url-status=live|archive-url=https://web.archive.org/web/20130205132202/http://www.thehindu.com/business/companies/jet-airways-returns-to-profit/article4369388.ece|archive-date=5 February 2013}}{{cite news|url=http://www.livemint.com/Companies/nCMibptlZN5ZpDmeIdcMkJ/Jet-Airways-swings-to-profit-ahead-of-likely-Etihad-deal.html|title=Jet Airways swings to profit ahead of likely Etihad deal|date=1 February 2013|first=P.R.|last=Sanjai|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160406235052/http://www.livemint.com/Companies/nCMibptlZN5ZpDmeIdcMkJ/Jet-Airways-swings-to-profit-ahead-of-likely-Etihad-deal.html|archive-date=6 April 2016}} The airline announced on 11 August 2014 that it would phase out Jet Konnect by the end of the year as part of plans to reposition itself as a uniform full-service operator.{{cite news|title=India's Jet Airways to phase out LCC Jet Konnect|url=http://www.ch-aviation.com/portal/news/30326-indias-jet-airways-to-phase-out-lcc-jet-konnect|work=Ch Aviation|access-date=25 March 2016|date=11 August 2014|url-status=live|archive-url=https://web.archive.org/web/20160107035603/http://www.ch-aviation.com/portal/news/30326-indias-jet-airways-to-phase-out-lcc-jet-konnect|archive-date=7 January 2016}} On 1 December 2014, Jet Konnect was fully merged with Jet Airways, making it the third full-service airline in India besides Air India and Vistara.{{cite news|title=Jet Airways to launch full services on all-economy subsidiary JetKonnect|url=http://articles.economictimes.indiatimes.com/2014-09-18/news/54068150_1_jetkonnect-jet-airways-gaurang-shetty|archive-url=https://web.archive.org/web/20140919214714/http://articles.economictimes.indiatimes.com/2014-09-18/news/54068150_1_jetkonnect-jet-airways-gaurang-shetty|url-status=dead|archive-date=19 September 2014|access-date=25 March 2015|newspaper=The Economic Times|agency=Press Trust of India|date=18 September 2014|location=New Delhi}}{{Cite news|url=http://www.livemint.com/Companies/hVrQzeVEnlddCz9RrDNH0O/Jet-Airways-to-offer-full-services-on-alleconomy-subsidiary.html|title=Jet Airways to offer full services on all-economy subsidiary JetKonnect|date=18 September 2014|newspaper=Live Mint|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160329153905/http://www.livemint.com/Companies/hVrQzeVEnlddCz9RrDNH0O/Jet-Airways-to-offer-full-services-on-alleconomy-subsidiary.html|archive-date=29 March 2016}} In December 2015, Jet Airways announced the closure of its scissor hub at Brussels Airport by March 2016 and the inauguration of a new hub at Amsterdam Schiphol Airport, effective 27 March 2016.{{cite news|url=http://www.thehindu.com/business/Industry/jet-airways-makes-amsterdam-its-european-gateway/article7987876.ece|title=Jet Airways makes Amsterdam its European gateway|date=14 December 2015|newspaper=The Hindu|access-date=4 March 2016|url-status=live|archive-url=https://web.archive.org/web/20170130012857/http://www.thehindu.com/business/Industry/jet-airways-makes-amsterdam-its-european-gateway/article7987876.ece|archive-date=30 January 2017}}{{cite web|url=http://www.jetairways.com/EN/BE/PlanYourTravel/amsterdam-flights.aspx|title=Jet Airways – Amsterdam Our New European Gateway|work=Jet Airways|access-date=25 March 2016|url-status=dead|archive-url=https://web.archive.org/web/20160310085926/http://www.jetairways.com/en/be/planyourtravel/amsterdam-flights.aspx|archive-date=10 March 2016}} As of February 2016, it was the second-largest airline in India after IndiGo, with a 21.2% passenger-market share.{{Cite news|url=http://www.business-standard.com/article/news-ians/india-s-domestic-passenger-demand-up-25-percent-iata-116040700595_1.html|title=India's domestic passenger demand up 25 percent: IATA|newspaper=Business Standard|date=6 April 2014|access-date=14 April 2016|url-status=live|archive-url=https://web.archive.org/web/20160423143800/http://www.business-standard.com/article/news-ians/india-s-domestic-passenger-demand-up-25-percent-iata-116040700595_1.html|archive-date=23 April 2016}}
=Bankruptcy and cessation of services=
As of November 2018, Jet Airways was reported to have a negative financial outlook due to increasing losses. In March 2019, it was reported that nearly a fourth of Jet Airways' aircraft inventory was grounded due to unpaid lease rates.[https://www.flightglobal.com/news/articles/jet-airways-grounds-three-more-aircraft-due-to-lease-456451/ flightglobal.com] 8 March 2019 On 25 March 2019, Mr. Naresh Goyal and his wife Anitha Goyal stepped down from the board of directors.{{citation needed|date=June 2021}}
On 5 April 2019, Indian Oil Corporation stopped supplying fuel to Jet Airways, citing non-payment of dues as the emergency funds have still not been credited.{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/indian-oil-corporation-stops-fuel-supply-to-jet-airways/articleshow/68738203.cms|title=Indian Oil Corporation stops fuel supply to Jet Airways|website=The Times of India|date=5 April 2019 |access-date=5 April 2019}} On 17 April 2019, Jet Airways suspended all flight operations after lenders spurned a ₹4 billion emergency funding request,{{cite news|url=https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/jet-airways-stares-at-shutdown-as-lenders-reject-appeal-for-funds-report/articleshow/68923128.cms|title=Jet Airways to suspend all operations from tonight|last1=Chowdhury|first1=Anirban|date=17 April 2019|access-date=17 April 2019|work=The Economic Times|ref=4}} and its membership in the International Air Transport Association (IATA) was suspended too.{{cite web|url=https://www.theweek.in/news/biz-tech/2019/04/18/Airlines-body-IATA-suspends-Jet-Airways-from-clearing-house-membership.html|title=Airlines body IATA suspends Jet Airways from clearing house membership|website=theweek.in}} On 17 June 2019, after receiving no acceptable offers from Etihad Airways and Hinduja Group, lenders of Jet Airways decided to refer the company to National Company Law Tribunal (NCLT) for bankruptcy proceedings with debt amounting to $1.2 billion.{{Cite web|url=https://www.livemint.com/companies/news/banks-give-up-on-jet-airways-revival-choose-to-send-it-to-bankruptcy-court-1560773130553.html|title=Banks give up on Jet Airways' revival, choose to send it to bankruptcy court|last=Gopakumar|first=Gopika|date=17 June 2019|website=Mint|access-date=17 June 2019}}{{Cite web|url=https://www.cityam.com/jet-airways-lenders-start-insolvency-proceedings/|title=Jet Airways' lenders start insolvency proceedings|date=17 June 2019|website=cityam|access-date=17 June 2019}}
As the group faced insolvency proceedings in the Netherlands after failing to pay two creditors, the NCLAT allowed cross-border insolvency proceedings, stating that the "Dutch Trustee (Administrator) would work in cooperation with the 'Resolution Professional of India.'"{{Cite news|url=https://www.ndtv.com/business/jet-airways-first-indian-company-to-face-cross-border-insolvency-report-2118571|title=Jet Airways First Indian Company To Face Cross-Border Insolvency: Report|work=NDTV Profit}}
In early 2020, the Enso Group attempted to rescue the airline with the Russian Far East Development Fund and participated in talks to buy a controlling stake from its committee of creditors (CoC), but the talks fell through.{{Cite news|url=https://www.business-standard.com/article/companies/beleaguered-jet-gets-another-eoi-coc-extends-deadline-for-resolution-plan-120021801342_1.html|title = Beleaguered Jet gets another EOI; CoC extends deadline for resolution plan|newspaper = Business Standard India|date = 18 February 2020}}{{Cite web|url=https://www.thehindubusinessline.com/news/jet-lenders-extend-deadline-till-march-9-for-bid-submission/article30852697.eceM|title = Jet lenders extend deadline till March 9 for bid submission| date=18 February 2020 }}
=Restart=
In 2020, entrepreneur Murari Lal Jalan and asset management firm Kalrock, part of the Fritsch Group, purchased Jet Airways with a view to restart air operations.{{Cite web|url=https://www.forbesindia.com/article/take-one-big-story-of-the-day/from-ranchi-to-tashkent-via-dubai-the-mysterious-man-gearing-up-to-fly-jet-airways/63601/1|title=From Ranchi to Tashkent via Dubai: The mysterious man gearing up to fly Jet Airways|last=Balachandran|first=Manu|date=21 October 2020|website=Forbes India|access-date=24 November 2020}} It was expected that Jet Airways II would take to the skies in 2022 as a full-service domestic airline with a fleet of six aircraft.{{Cite web|author=Saurabh Sinha|date=Dec 17, 2021|title='Jet-2 to resume domestic flights next summer with 6 planes' - Times of India|url=https://timesofindia.indiatimes.com/business/india-business/jet-2-to-resume-domestic-flights-next-summer-with-6-planes/articleshow/88345139.cms|access-date=2022-01-04|website=The Times of India|language=en}} On 20 May 2022, Jet Airways received its air operator's certificate.{{Cite web|url=https://www.ch-aviation.com/portal/news/115784-jet-airways-regains-aoc-eyes-ex-russian-aircraft-slots|title=Jet Airways regains AOC, eyes ex-Russian aircraft slots|website=Ch-Aviation|access-date=26 May 2022}} However, flights did not resume in 2022, and the company did not renew its air operator's certificate in 2023, leading to speculations that the resuscitation stalled.{{Cite news |date=17 May 2023 |title=Jet Airways looks into abyss as JKC fails to renew its flying permit |work=Business Standard |url=https://www.business-standard.com/companies/news/jet-airways-looks-into-abyss-as-jkc-fails-to-renew-its-flying-permit-123051700499_1.html |access-date=18 July 2023}}
In August 2023, it was reported that Jet Airways has lost its IATA code, 9W, after all flights were grounded for over four years. A Jet Airways spokesperson stated that the IATA code is "currently under preservation with IATA," until operations are recommenced.{{Cite web |last=Livemint |date=2023-09-03 |title=Go First and Jet Airways lose airline codes for being non-operational: Report |url=https://www.livemint.com/companies/news/cashstrapped-go-first-and-jet-airways-lose-airline-codes-for-being-non-operational-report-11693718128479.html |url-status=live |archive-url=https://web.archive.org/web/20230903100859/https://www.livemint.com/companies/news/cashstrapped-go-first-and-jet-airways-lose-airline-codes-for-being-non-operational-report-11693718128479.html |archive-date=2023-09-03 |access-date=2023-09-03 |website=mint |language=en}}{{Cite web |date=2023-09-03 |title=Go First, Jet Airways lose airline codes |url=https://www.financialexpress.com/business/airlines-aviation-go-first-jet-airways-lose-airline-codes-3231195/ |url-status=live |archive-url=https://web.archive.org/web/20230903100852/https://www.financialexpress.com/business/airlines-aviation-go-first-jet-airways-lose-airline-codes-3231195/ |archive-date=2023-09-03 |access-date=2023-09-03 |website=Financialexpress |language=en}} As of September 2023, Jet Airways was expected to restart operations by the end of 2024, with Jalan-Kalrock's ownership retained.
= Liquidation =
The Supreme Court ordered the liquidation of the airline—officially Jet Airways (India) Ltd.—on 7 November 2024. The SC overturned the decision of the National Company Law Appellate Tribunal to transfer Jet Airways to the Jalan-Kalrock Consortium (JKC) and upheld the State Bank of India-led team of creditors' appeal that "the consortium had failed to meet the initial financial commitments required in the resolution plan."
The main institutional shareholders included Punjab National Bank (26%), Etihad Airways (24%), and Jet's original promoters (25%), according to the analysis. At the current market valuation of {{INRConvert|386.69|c|lk=on|year=2024}}, retail shares in the airline amount to roughly {{INRConvert|74.6|c|lk=on|year=2024}}.
Livery
File:Jet 737 at SXR.JPG with the new livery at Srinagar Airport]]
The original livery was navy blue with light grey and chrome yellow.{{cite news|url=http://www.business-standard.com/india/news/jet-airways-sports-new-look/14/21/281436/|title=Jet Airways sports new look|newspaper=Business Standard|date=April 2007|access-date=3 March 2009|url-status=live|archive-url=https://web.archive.org/web/20090804231629/http://www.business-standard.com/india/news/jet-airways-sports-new-look/14/21/281436/|archive-date=4 August 2009}} The top and bottom of the aircraft were painted light grey, with the flying sun logo on a navy blue background.
In 2007, a new livery was designed by Landor Associates was introduced, featuring yellow and gold ribbons. The design retained the dark blue and gold-accented colour scheme along with the airline's "flying sun" logo. A new yellow uniform was concurrently introduced, created by Italian designer Roberto Capucci. Jet Airways introduced its new identity in conjunction with a global brand re-launch that included new aircraft and seating arrangement.
Controversies
=Safety=
Asmin Tariq, a contractor working for the airline as a security agent at Heathrow airport, was implicated in the foiled terror plot on 10 August 2006 to blow up several transatlantic airliners belonging to three different US airlines.{{cite news|url=http://articles.economictimes.indiatimes.com/2006-08-19/news-by-company/27438569_1_jet-airways-london-route-security-clearance|archive-url=https://web.archive.org/web/20160407010108/http://articles.economictimes.indiatimes.com/2006-08-19/news-by-company/27438569_1_jet-airways-london-route-security-clearance|url-status=dead|archive-date=7 April 2016|newspaper=The Economic Times|title=UK seeks information on Jet Airways|date=19 August 2006|access-date=25 March 2016}} Subsequently, the Governments of UK and Singapore sought security-related information from the Ministry of External Affairs of India on Jet Airways; clearance was further delayed to fly to the US. The US State Department gave the go-ahead for the airline to fly to the US on 15 November 2006.{{cite news|url=http://www.dnaindia.com/money/report-jet-gets-green-signal-for-us-flight-1064376|title=Jet gets green signal for US flight|date=16 November 2006|first=Praveen|last=Sharma|newspaper=DNA|access-date=25 March 2016}}
In August 2014, two pilots of Jet Airways were suspended after a plane carrying 280 passengers dropped {{convert|5000|ft}} mid-air en route from Mumbai to Brussels.{{cite news|title=Jet Airways plane plunges 1500 meters over Turkey|url=http://www.news.com.au/travel/travel-updates/jet-airways-plane-plunges-1500-metres-over-turkey/story-e6frfq80-1227025298051|access-date=16 August 2014|publisher=News.com|date=15 August 2014|url-status=live|archive-url=https://web.archive.org/web/20140816043849/http://www.news.com.au/travel/travel-updates/jet-airways-plane-plunges-1500-metres-over-turkey/story-e6frfq80-1227025298051|archive-date=16 August 2014}}
=Customer care=
On 2 December 2016, Jet Airways flight 9W7083 from Bhopal to Mumbai was held up by a large group of passengers headed for a wedding in Mumbai. There were allegations from other passengers that the wedding party was politically connected and attempted to coerce the cabin crew to disembark passengers so that additional members of their party could be accommodated. The airline, however, claimed it was a technical glitch in their booking system which led to overbooking.{{cite news|url=http://www.sify.com/news/jet-airways-apologises-for-mumbai-bhopal-flight-delay-news-national-qmdqN6cdafgac.html|title=Jet airways apologises for flight delay|work=Sify|date=2 December 2016|access-date=3 December 2016|url-status=dead|archive-url=https://web.archive.org/web/20161220123055/http://www.sify.com/news/jet-airways-apologises-for-mumbai-bhopal-flight-delay-news-national-qmdqN6cdafgac.html|archive-date=20 December 2016}}
=Corruption=
In 2016, Jet Airways was implicated in the Gupta family controversy in South Africa. Former African National Congress MP Vytjie Mentor alleged that members of the Gupta family had offered her the position of Minister of Public Enterprises on behalf of President Jacob Zuma, in exchange for her facilitating the cancellation of South African Airways’ India route so Jet Airways could take it over.{{cite news|url=http://www.timeslive.co.za/politics/2016/03/18/Zuma-said-its-OK-Ntombazana-says-former-ANC-MP-Vytjie-Mentor|title='Zuma said it's OK Ntombazana,' says former ANC MP Vytjie Mentor|newspaper=Times Live|date=18 March 2016|access-date=13 April 2016|url-status=live|archive-url=https://web.archive.org/web/20160420084147/http://www.timeslive.co.za/politics/2016/03/18/Zuma-said-its-OK-Ntombazana-says-former-ANC-MP-Vytjie-Mentor|archive-date=20 April 2016}}{{cite news|url=http://www.rdm.co.za/politics/2016/03/17/vytjie-mentor-i-can-prove-zuma-was-with-me-in-the-gupta-house|title=Vytjie Mentor: I can prove Zuma was with me in the Gupta house|newspaper=Rand Daily Mail|date=17 March 2016|access-date=10 April 2016|url-status=live|archive-url=https://web.archive.org/web/20160422231152/http://www.rdm.co.za/politics/2016/03/17/vytjie-mentor-i-can-prove-zuma-was-with-me-in-the-gupta-house|archive-date=22 April 2016}}{{cite news|url=https://www.enca.com/south-africa/guptas-use-waterkloof-airforce-base-private-landing-strip|title=Guptas use Waterkloof airforce base as private landing strip|newspaper=eNCA|date=30 April 2013|access-date=9 February 2016|url-status=live|archive-url=https://web.archive.org/web/20160216121758/https://www.enca.com/south-africa/guptas-use-waterkloof-airforce-base-private-landing-strip|archive-date=16 February 2016}}
=Links to organised crime=
On 12 December 2001, an internal memo from two Indian intelligence agencies—R&AW and IB—to the Home Ministry of India stated they had evidence that Jet Airways held intermittent contact with Dawood Ibrahim, Chota Shakeel, and other gangs of Indian organised crime, related to financial transactions.{{cite news|title=Jet airways got dubious Dubai funds |url=https://timesofindia.indiatimes.com/business/india-business/Jet-Airways-got-dubious-Dubai-funds-says-IB/articleshow/6705474.cms|access-date=15 November 2018|work=The Times of India}} This information was leaked to the media and parliament proceedings were stalled.{{cite book|last1=Joseph|first1=Josy|title=A Feast of Vultures—The Hidden Business of Democracy in India|date=2 October 2016|publisher=Harper Collins |location=Mumbai }} Subsequently, in 2016, reports emerged that the initial investment for Jet Airways had come through shell companies based in the Isle of Man and was heavily funded by prominent figures in Indian organised crime.{{cite news|title=A jet propelled by Don Ibrahim|url=https://www.outlookindia.com/books/a-jet-propelled-by-don-ibrahim-news-297557|access-date=21 April 2024 |publisher=Outlook India|date=16 June 2016}} This was documented in detail in the book A Feast of Vultures.{{cite web|last1=Joseph|first1=Josy|title=A feast of vultures|url=https://afeastofvultures.com/a-feast-of-vultures/|website=afeastofvultures.com|publisher=Official website|access-date=15 November 2018|archive-date=15 October 2018|archive-url=https://web.archive.org/web/20181015083301/https://afeastofvultures.com/a-feast-of-vultures/|url-status=dead}}
Destinations
{{Main|List of Jet Airways destinations}}According to its website, in 2016, Jet Airways served 57 destinations—37 domestic and 20 international—across 15 countries in Asia, Europe, North America, and the Middle East.{{cite web|title=Jet Airways Network|publisher=Jet Airways|url=http://www.jetairways.com/en/in/jetexperience/destinations.aspx|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160331132339/http://www.jetairways.com/EN/IN/JetExperience/destinations.aspx|archive-date=31 March 2016}} The airline had its primary hub in Mumbai and secondary bases in Delhi and Bangalore.
The airline's first international destination, introduced in March 2004, was Colombo, served from Chennai. Launched in 2005, London was the airline's first long-haul destination.{{cite news|url=http://news.bbc.co.uk/2/hi/south_asia/4529019.stm|title=India flies into budget air travel era|first=Sanjay|last=Mazumdar|work=BBC News|date=9 May 2005|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160326100136/http://news.bbc.co.uk/2/hi/south_asia/4529019.stm|archive-date=26 March 2016}} Since 2007, Jet Airways has had a scissors hub at Brussels Airport for onward transatlantic connections to North America, which was replaced by Amsterdam Airport Schiphol from 27 March 2016.
In 2008, the airline was forced to discontinue international routes due to losses sustained by the 2008 financial crisis and the Great Recession; it terminated services to San Francisco and Shanghai.{{cite news|url=http://articles.economictimes.indiatimes.com/2008-10-11/news/28493388_1_mumbai-london-mumbai-london-flights-mumbai-shanghai-san-francisco|archive-url=https://web.archive.org/web/20150526232131/http://articles.economictimes.indiatimes.com/2008-10-11/news/28493388_1_mumbai-london-mumbai-london-flights-mumbai-shanghai-san-francisco|url-status=dead|archive-date=26 May 2015|title=Jet set to cancel Mumbai-Shanghai-San Francisco flight|newspaper=The Economic Times|date=11 October 2008|access-date=25 March 2016}} The airline planned to restore the Mumbai–Shanghai route by the end of 2011, but it never materialised.{{cite news|url=https://www.bloomberg.com/news/2010-12-14/jet-air-to-resume-india-china-service-amid-very-good-growth-.html|work=Bloomberg|first1=Wing-Gar|last1=Cheng|first2=Susan|last2=Li|title=Jet Air Will Resume India-China Service Amid Good Growth|date=13 December 2010|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20141209181533/http://www.bloomberg.com/news/2010-12-14/jet-air-to-resume-india-china-service-amid-very-good-growth-.html|archive-date=9 December 2014}} In 2012, the airline withdrew flights to New York City and closed the Delhi–Milan route in 2013.{{cite news|url=http://timesofindia.indiatimes.com/business/india-business/Jet-Airways-to-withdraw-JFK-flights-from-September-10/articleshow/14151133.cms|title=Jet Airways to withdraw JFK flights from September 10|newspaper=The Times of India|date=15 June 2012|access-date=7 October 2012|url-status=live|archive-url=https://web.archive.org/web/20120618020333/http://timesofindia.indiatimes.com/business/india-business/Jet-Airways-to-withdraw-JFK-flights-from-September-10/articleshow/14151133.cms|archive-date=18 June 2012}}{{cite news|title=Jet Airways to stop New Delhi-Milan flights from Feb 1, 2013|url=http://www.travelbizmonitor.com/jet-airways-to-stop-new-delhimilan-flights-from-feb-1-2013-19067|work=Saffron Media|date=18 January 2013|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20130523142954/http://www.travelbizmonitor.com/jet-airways-to-stop-new-delhimilan-flights-from-feb-1-2013-19067|archive-date=23 May 2013}} On 1 March 2016, the airline announced the integration of domestic and international operations at Mumbai airport and moved its entire operations to the newly constructed Terminal 2.{{cite web|url=http://www.jetairways.com/EN/BE/TravelInformation/Terminal-2.aspx|title=Jet Airways – Terminal 2|publisher=Jet Airways|access-date=4 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160306195606/http://www.jetairways.com/EN/BE/TravelInformation/Terminal-2.aspx|archive-date=6 March 2016}}
Fleet
=Current fleet=
File:Boeing 737-8HX, Jet Airways JP6781982.jpg on approach to Singapore Changi Airport in 2010]]
File:VT-JEH@LHR_18AUG12_(8621607876).jpg on approach to London Heathrow Airport in 2012]]
After the airline was grounded owing to financial constraints,{{cite web|url=https://airlinegeeks.com/2019/04/13/jet-airways-suspends-international-operation/|title=Nearly 70 Percent of Jet Airways' Fleet Grounded as Airline Suspends International Operations|date=13 April 2019 |publisher=airlinegeeks.con|access-date=17 April 2019}} the current Jet Airways fleet consists of the following as of 2024:{{cite web|url=http://www.jetairways.com/en/in/jetexperience/fleet-information.aspx|title=Fleet Information|publisher=Jet Airways|access-date=5 September 2018|archive-url=https://web.archive.org/web/20160320142632/http://www.jetairways.com/EN/IN/Jetexperience/fleet-information.aspx|archive-date=20 March 2016|url-status=dead}}{{cite web|url=http://active.boeing.com/commercial/orders/index.cfm?content=customerselection.cfm&pageid=m15524|title=Customer Orders|publisher=Boeing|access-date=7 October 2012}}
class="wikitable" style="margin:0.5em auto; text-align:center"
|+ Jet Airways Fleet (as of September 2022) |
rowspan=2|Aircraft
!rowspan=2|Total !colspan=4|Passengers !rowspan=2|Notes |
---|
{{abbr|F|First}}
!{{abbr|J|Première}} !{{abbr|Y|Economy}} !Total |
Boeing 737-800
|2 |– |12 |156 |168 | |
Boeing 737-900
|1 |– |28 |138 |166 | |
Boeing 777-300ER
|2 |8 |30 |308 |346 | |
Total
!5 ! colspan="5" | |
=Fleet development=
Jet Airways placed its first order for four Boeing 737-400 and 30 Boeing 737-800 aircraft on 11 December 1996: the first aircraft was delivered on 12 November 1997. It placed its second order comprising six Boeing 737-700 and two Boeing 737-900 aircraft on 14 June 1999, with deliveries starting in May 2001. The airline launched its next round of fleet expansion in 2005 when it ordered 30 aircraft at the Paris Air Show. The airline signed deals with Airbus for ten A330 aircraft and with Boeing for ten 737 and 777 aircraft each.{{cite news|url=https://www.rediff.com/money/2005/jun/14jet.htm|title=Jet Airways to buy 30 aircraft|date=14 June 2005|newspaper=Rediff|access-date=30 August 2019}} Long-haul routes were served using its fleet of Airbus A330-200, Airbus A330-300 and Boeing 777-300ER. The airline placed an order for 10 Boeing 777-300ER aircraft on 29 September 2005, which were delivered in 2007. Jet Airways ordered 10 Boeing 787 Dreamliners on 29 December 2006 to operate on long-haul routes.{{cite news|url=http://www.livemint.com/Companies/l5uLI22t40fU1mC8dlnsLM/Jet-Airways-fleet-to-remain-unchanged-for-three-years.html|title=Jet Airways' fleet to remain unchanged for three years|date=14 August 2015|newspaper=Live Mint|access-date=14 August 2015|url-status=live|archive-url=https://web.archive.org/web/20150823173333/http://www.livemint.com/Companies/l5uLI22t40fU1mC8dlnsLM/Jet-Airways-fleet-to-remain-unchanged-for-three-years.html|archive-date=23 August 2015}} On 5 January 2012, it inducted five ATR 72-600 series to operate on domestic regional routes. It further placed an order for 75 Boeing 737 MAX aircraft on 23 April 2013 as part of modernisation of its fleet of 737s. In April 2018 and July 2018, the airline entered into an agreement to acquire an additional 75 Boeing 737 MAX aircraft, taking its order tally to 225 Boeing 737 MAX jets. After Jet Airways ceased operations, Boeing cancelled all of Jet Airways' remaining 737 MAX 8 orders, as well as the Boeing 737 MAX 9 and 10 orders, and Boeing 787-9 orders, due to the airline's financial problems and eventual collapse.{{Cite web|url=https://www.bizjournals.com/seattle/news/2019/04/17/ailing-boeing-737-max-customer-jet-airways-of.html|title=Jet Airways cancels all MAX orders|website=The Business Journals|access-date=17 April 2019}} As a part of the airline's relaunch, reports emerged that the airline was in talks with Airbus to procure 50 narrow body Airbus A220 aircraft.{{cite news|url=https://www.reuters.com/business/aerospace-defense/jet-airways-near-deal-buy-50-airbus-a220-jets-sources-say-2022-07-18/|title=Jet Airways near deal to buy 50 Airbus A220 jets|date=18 July 2022 |work=Reuters|access-date=20 July 2022}} Some news reports indicated that Jalan-Kalrock was in talks with aircraft OEMs (original equipment manufacturers) to place an order for at least 200 aircraft—a mix of small, medium, and large narrow-body jets—at the Paris Airshow in June 2023 as part of their five-year growth plan. However, this never materialised.{{Cite web |last=Team |first=BS Web |date=2023-03-06 |title=Jalan-Kalrock in discussions to order 200 aircraft for Jet Airways |url=https://www.business-standard.com/article/companies/jalan-kalrock-in-discussions-to-order-200-aircraft-for-jet-airways-123030600567_1.html |access-date=2023-03-11 |website=www.business-standard.com |language=en}}
=Former fleet=
Jet Airways operated the following aircraft in the past:{{Citation needed|date=September 2024}}
class="wikitable" style="margin:0.5em auto; text-align:center"
|+ Jet Airways former fleet |
Aircraft
!Total !Introduced !Retired !Notes |
---|
Airbus A320-200
|1 |1996 |1996 |Leased from Gulf Air |
Airbus A330-200
|12 |2006 |2019 | |
Airbus A330-300
|4 |2012 |2019 | |
Airbus A340-300
|3 |2005 |2007 |Leased from South African Airways |
ATR 72-500
|23 |1999 |2019 | |
ATR 72-600
|3 |2012 |2019 | |
Boeing 737-300
|4 |1993 |1999 | |
Boeing 737-400
|16 |1994 |2009 | |
Boeing 737-500
|5 |1998 |2001 | |
Boeing 737-700
|25 |1998 |2019 | |
Boeing 737-900ER
|4 |2012 |2019 | |
Boeing 737 MAX 8
|8 |2018 |2019 | |
Services
=Cabin=
Jet Airways had three classes of service: First, Première (Business) and Economy.
- First class was available only on the Boeing 777-300ER aircraft. The first class offered private suites, featuring seats that could convert into fully flat beds, personal LCD TVs, and in-seat power supply.{{cite web|url=http://www.jetairways.com/EN/CH/JetExperience/first-class.aspx|title=First Class|publisher=Jet Airways|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160404235856/http://www.jetairways.com/EN/CH/jetexperience/first-class.aspx|archive-date=4 April 2016}}
- Première class was available on long-haul international flights aboard Airbus A330-200 and Boeing 777-300ER aircraft, featuring recliner seats, fully flat beds with personal LCD TVs, and in-seat power.{{cite web|url=http://www.jetairways.com/EN/CH/JetExperience/premiere.aspx|title=Premiere Class|publisher=Jet Airways|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160405000416/http://www.jetairways.com/EN/CH/jetexperience/premiere.aspx|archive-date=5 April 2016}} Première class on domestic flights offered recliner seats with larger leg room in a 2-2 configuration.
- Economy class on long-haul aircraft had a {{convert|32|in}} seat pitch with a footrest. The cabin was configured in 2-4-2 layout on the Airbus A330-200 and 3-4-3 layout on the Boeing 777-300ER. Economy seats on both the Airbus A330 and Boeing 777 sported a personal {{convert|10.6|in}} touchscreen LCD TV.{{cite web|url=http://www.jetairways.com/EN/CH/JetExperience/economy.aspx|title=Economoy Class|publisher=Jet Airways|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160405000403/http://www.jetairways.com/EN/CH/jetexperience/economy.aspx|archive-date=5 April 2016}} Domestic flights operated by Boeing 737 aircraft had both Première and Economy classes, while the ATR 72 aircraft had an all-economy class configuration. Economy class on Boeing 737 featured a {{convert|30|in}} seat pitch with a personal LCD behind each seat. Meals were served in economy class until recently, when the airline introduced a buy-on-board service called Jet Bistro.
=Wi-Fi=
On 1 February 2016, Jet Airways announced the introduction of an in-flight entertainment service for streaming of entertainment content directly to Wi-Fi enabled personal devices of the passengers.{{cite news|url=http://www.moneycontrol.com/news/business/jet-airways-to-start-in-flight-wireless-streaming-service_5244161.html|title=Jet airways to start in flight wireless streaming|work=Money Control|date=1 February 2016|access-date=25 March 2016|url-status=live|archive-url=https://web.archive.org/web/20160403013936/http://www.moneycontrol.com/news/business/jet-airways-to-start-in-flight-wireless-streaming-service_5244161.html|archive-date=3 April 2016}}
=Frequent Flyer Program=
Jet Airways's frequent-flyer programme was called Jet Privilege. It was rebranded as Intermiles in 2019.{{cite news|url=https://www.deccanherald.com/business/brand-revamp-for-jet-privilege-now-called-intermiles-776247.html |title=Jet Priviledge rebranded as Intermiles|work=Deccan Herald|date=14 November 2019|access-date=21 August 2023 }}
Accidents and incidents
- 1 July 2007: Jet Airways Flight 3307, an ATR 72-212A (registered VT-JCE)—operating on the Bhopal-Indore route—was involved in an accident caused by bad weather. While there were no fatalities amongst the 45 passengers and four crew members, the aircraft was damaged beyond repair and written off.{{cite web|last=Ranter|first=Harro|title=Aviation Safety Network Accident Description|url=http://aviation-safety.net/database/record.php?id=20070701-0|url-status=live|archive-url=https://web.archive.org/web/20140314010310/http://aviation-safety.net/database/record.php?id=20070701-0|archive-date=14 March 2014|access-date=5 September 2013|website=aviation-safety.net|publisher=Aviation Safety Network}}
- 18 August 2015: Jet Airways Flight 555, a Boeing 737-800 (registered VT-JFA)—flying on the Doha-Cochin route—was involved in a serious incident at Trivandrum Airport after diverting due to poor visibility and low fuel. The flight made 3 go-arounds when approaching Cochin Airport and 3 more at Trivandrum. Visual approaches at Trivandrum were conducted in below-minima conditions. A fuel emergency was declared after the 4th go-around when the remaining fuel dropped below the final reserve fuel of 1128 kg. The aircraft landed on runway 32 on the 7th attempt with 349 kg of fuel remaining on board. There were no injuries to the 150 passengers and crew, and the aircraft sustained no damage.{{Cite web |last1=Largha |first1=Jasbir Singh |last2=Dogra |first2=Sharad |last3=Joseph |first3=A X |date=29 September 2016 |title=Final Investigation Report on serious incident to M/s Jet Airways Boeing 737-800W Aircraft VT-JFA at Cochin on 18.08.2015 |url=https://www.dgca.gov.in/digigov-portal/Upload?flag=iframeAttachView&attachId=TjtJJmKu0RSPcsjkUx7kSQ |url-status=live |archive-url=https://web.archive.org/web/20240329161713/https://www.dgca.gov.in/digigov-portal/Upload?flag=iframeAttachView&attachId=TjtJJmKu0RSPcsjkUx7kSQ%3D%3D |archive-date=29 March 2024 |access-date=29 March 2024 |website=www.dgca.gov.in |publisher=Directorate General of Civil Aviation}}
- 27 December 2016: Jet Airways Flight 2374, a Boeing 737-800 (registered VT-JBG)—flying from Goa to Mumbai with 154 passengers and 7 crew—backtracked runway 26, lined up on the runway, and began accelerating the engines for takeoff. However, the aircraft continued to turn right. The crew rejected takeoff, but the aircraft veered off the right edge of the runway, almost perpendicular to it. The aircraft went over soft ground, crossed a road, and came to a stop with the nose gear collapsed and both engines making ground contact. The aircraft was evacuated, and 16 occupants sustained minor injuries during the evacuation.{{Cite web|last=Ranter|first=Harro|title=ASN Aircraft accident Boeing 737-85R (WL) VT-JBG Goa-Dabolim Airport (GOI)|url=https://aviation-safety.net/database/record.php?id=20161227-0|access-date=2021-04-29|website=aviation-safety.net|publisher=Aviation Safety Network}}
- 30 October 2017: Jet Airways Flight 339, a Boeing 737-900 flying from Mumbai to Delhi, was subject of a bomb hoax/hijacking hoax. Birju Kishore Salla, a jeweller from Mumbai, left a note in the business class lavatory claiming that 12 hijackers were aboard and that explosives had been placed in the cargo area, demanding that the plane be diverted to Pakistani-administered Kashmir. After the note was found, the plane was diverted for an emergency landing in Ahmedabad, whereupon bomb disposal units searched the aircraft and found that the note was a hoax. Salla was subsequently banned from flying on Jet Airways flights for five years, and became the first person to get added to the Indian No-Fly List.{{Cite news |date=2018-05-20 |title=Mumbai man becomes first to be put on no-fly list |work=The Times of India |url=https://timesofindia.indiatimes.com/india/mumbai-man-becomes-first-to-be-put-on-no-fly-list/articleshow/64240584.cms |access-date=2023-05-31 |issn=0971-8257}}{{Cite news |date=2017-11-01 |title=Birju Salla is first person to be booked under Anti-Hijacking Act |work=The Times of India |url=https://timesofindia.indiatimes.com/city/mumbai/salla-is-first-person-to-be-booked-under-hijacking-act/articleshow/61375620.cms |access-date=2023-05-31 |issn=0971-8257}}
See also
References
{{reflist}}
External links
{{Commons category-inline|Jet Airways}}
- {{Official website|http://www.jetairways.com}}
{{portal bar|Aviation|India}}
{{Airlines of India}}
{{Etihad Airways Partner}}
Category:Defunct airlines of India
Category:Airlines established in 1992
Category:Airlines disestablished in 2019
Category:Etihad Airways Partners
Category:Companies based in Mumbai
Category:Indian companies established in 1992
Category:Indian companies disestablished in 2019
Category:1992 establishments in Maharashtra
Category:Companies listed on the National Stock Exchange of India