56-456: JetLite was a low-cost subsidiary of Jet Airways . It was formerly known as Air Sahara until the buyout by Jet Airways which rebranded the airline as JetLite. On 17 April 2019, JetLite grounded all of its flights and ceased all operations, in tandem with its parent company, Jet Airways. The airline was established on 20 September 1991 and began operations on 3 December 1993 with two Boeing 737–200 aircraft as Sahara India Airlines , as part of
112-449: A limited liability company , the airline began operations as an air taxi operator in 1993. It began full-fledged operations in 1995 with international flights added 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. On 7th November, 2024,
168-400: A further order for 75 Boeing 737 MAX aircraft on 23 April 2013 as part of modernization of its fleet of 737s. In April 2018 and July 2018 the airline entered an agreement to acquire an additional 75 Boeing 737 MAX aircraft each, taking its order tally to 225 Boeing 737 MAX jets. After Jet Airways ceased their operations, Boeing cancelled all of Jet Airways' remaining 737 MAX 8 orders along with
224-511: A global brand re-launch which included new aircraft and seating. 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. Subsequently, the Governments of UK and Singapore requested security-related information from
280-525: A marketing agreement with KLM the same year. In 1996, the airline placed a $ 375 million order for four 737-400 and six 737-800 aircraft from Boeing, which were delivered between 1997 and 2000. Jet Airways was the first airline in Southeast Asia to order the 737-800. 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,
336-539: A maximum 40% equity stake in their joint ventures with Indian partners. In October 1997, as per this directive, Naresh Goyal took back control of Trade Winds from its foreign investors. 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. By April 2001,
392-535: A mix of small, medium, and large narrow body jets at the Paris airshow in June 2023 for their growth plan for five years. Though this did not happen. Jet Airways operated the following aircraft in the past: Jet Airways had three classes of service: First, Première (Business) and Economy. 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
448-844: A paper billionaire. Towards the end of 2004, the government had announced that privately owned scheduled carriers meeting certain criteria could operate to all countries apart from those in the Middle East. Then 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 with two-class Airbus A340-300s sub-leased from South African Airways . In January 2006, Jet Airways announced its intention to acquire Air Sahara for US$ 500 million in an all-cash deal; however,
504-477: A reported 8.5% in April 2007. Jet Airways announced its first takeover attempt on 19 January 2006, offering US$ 500 million (₹20 billion) in cash for the airline. Market reaction to the deal was mixed, with many analysts suggesting that Jet Airways was paying too much for Air Sahara. The Indian Civil Aviation Ministry gave approval in principle, but the deal was eventually called off over disagreements over price and
560-525: A view to restart operations in 2022, which however did not happen due to financial problems and ongoing proceedings with the National Company Law Tribunal (NCLT). The airline was expected to restart operations by end of 2024, with Jalan-Kalrock's ownership retained. The Supreme Court ordered the liqiudation of airline on 7 November 2024. The airline was granted a scheduled airline status on 14 January 1995. It entered into
616-682: The International Air Transport Association (IATA) was suspended. On 17 June 2019, after getting no acceptable offers from Etihad Airways and Hinduja Group , lenders to Jet Airways decided to refer the company to National Company Law Tribunal (NCLT) for bankruptcy proceedings with debt of $ 1.2 billion. As the group faces insolvency proceedings in the Netherlands after failing to pay two creditors, NCLAT (National Company Law Appellate Tribunal) has allowed cross-border insolvency proceedings stating that
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#1732790544683672-545: The Ministry of External Affairs 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. In August 2014, two pilots of Jet Airways were suspended after a plane carrying 280 passengers dropped 5,000 feet (1,500 m) mid-air en route from Mumbai to Brussels. On 2 December 2016, Jet Airways flight 9W7083 from Bhopal to Mumbai
728-562: The Paris Air Show . The airline signed deals with Airbus for ten A330 aircraft and with Boeing for ten 737 and 777 aircraft each. 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 Dreamliner on 29 December 2006 to operate on long-haul routes. On 5 January 2012, it inducted five ATR 72-600 series to operate on domestic regional routes. It placed
784-630: 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 (NCLAT) to transfer Jet Airways to the Jalan-Kalrock Consortium (JKC) and upheld the State Bank of India (SBI)-led team of creditors' appeal that "the consortium had failed to meet the initial financial commitments required in
840-413: The "Dutch Trustee (Administrator) will work in cooperation with the 'Resolution Professional of India." In early 2020, Enso Group , tried to rescue the airline with Russian Far East Development Fund, and participated in talks for buying controlling stake in it from its committee of creditors(CoC), but talks fell through. In 2020, entrepreneur Murari Lal Jalan and asset management firm Kalrock, part of
896-508: The Boeing 737 MAX 9 and 10 orders and Boeing 787-9 orders due to the financial problems and airline's collapse. As a part of the airline's relaunch, reports have emerged that the airline is in talks with leading aircraft manufacturer Airbus to procure 50 narrow body Airbus A220 aircraft. Some media reports indicates that Jalan-Kalrock is in talks with aircraft OEMs (original equipment manufacturers) to place an order of at least 200 aircraft of
952-487: The Fritsch Group, purchased Jet Airways with a view to restart air operations. 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. On 20 May 2022, Jet Airways received its Air Operator's Certificate. However, flights did not resume in 2022, and the company did not renew its Air Operator's Certificate in 2023, leading to speculations that
1008-505: The Indian intelligence agencies; R&AW and IB to the Indian home ministry stated that they had evidence that Jet Airways had intermittent contact with Dawood Ibrahim , Chota Shakeel and other gangs of the Indian underworld , related to financial transactions. This information was leaked to the media and parliament proceedings were stalled. Subsequently, in 2016, reports surfaced that
1064-584: The Jet Airways revival is failing. In August 2023, it was reported that Jet Airways has lost its IATA code, 9W, after all flights were grounded for more than four years. A Jet Airways spokesperson maintains that the IATA code is "currently under preservation with IATA" until recommencement of operations. As of September 2023, Jet Airways was expected to restart operations by the end of 2024, with Jalan-Kalrock's ownership retained. The Supreme Court ordered
1120-506: The Ministry of Civil Aviation. In October 2008, Jet Airways 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. On 8 May 2009, Jet Airways launched another low-cost brand, Jet Konnect. 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 . In
1176-627: The Mumbai–Shanghai route by the end of 2011 but never did so. In 2012, the airline withdrew flights to New York City and closed the Delhi– Milan route in 2013. On 1 March 2016, the airline announced the integration of domestic and international operations in Mumbai airport and moved its entire operations to the newly constructed Terminal 2. Jet Airways had codeshare agreements with the following airlines before ceasing their operations: After
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#17327905446831232-460: The aircraft were painted in light grey with the flying sun logo in the navy blue background. In 2007, a new livery was created by Landor Associates which added 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 simultaneously introduced, created by Italian designer Roberto Capucci . Jet Airways introduced its new identity in conjunction with
1288-602: The airline fleet had grown to 30 aircraft and was operating over 195 flights daily to 37 destinations within India. Jet Airways suffered losses for the first time since its establishment in financial year 2001–2002 as demand fell and costs increased. Jet Airways was announced as launch customer for the Embraer 175 at the Farnborough air show in 2002, with an order for ten aircraft and ten options worth $ 520 million. But
1344-586: The airline had a fleet of twelve Boeing 737 aircraft, operating 83 daily flights to 23 domestic destinations. 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
1400-524: The airline was grounded due to financial reasons, the Jet Airways fleet consists of the following as of 2024: Jet Airways placed its first order for four Boeing 737-400 and 30 Boeing 737-800 aircraft on 11 December 1996; and the first aircraft was delivered on 12 November 1997. It placed its second order for 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
1456-575: The airline was implicated in the Gupta family controversy in South Africa when it was alleged by former African National Congress MP Vytjie Mentor that members of the business family had offered her the position of Minister of Public Enterprises, on behalf of President Jacob Zuma , if she agreed to arrange for South African Airways to drop their India route so that Jet Airways could acquire it instead. On 12 December 2001, an internal memo from
1512-519: The appointment of Jet chairman Naresh Goyal to the Air Sahara board. Following the failure of the deal, the companies filed lawsuits seeking damages from each other A second, eventually successful attempt was made on 12 April 2007 with Jet Airways agreeing to pay ₹14.50 billion ($ 340 million ). The deal gave Jet a combined domestic market share of about 32%. On 16 April Jet Airways announced that Air Sahara will be renamed as Jetlite. The takeover
1568-425: The carrier's registered name. On 22 March 2004 it became an international carrier with the start of flights from Chennai to Colombo , later expanding to London , Singapore, Maldives and Kathmandu . It had also planned to become the first private Indian carrier to serve China with flights to Guangzhou from winter 2006, however, this did not materialize. The uncertainty over the airline's fate caused its share of
1624-401: The closure of its scissor hub at Brussels Airport by March 2016 and the opening of new hub at Amsterdam Schiphol Airport effective 27 March 2016. As of February 2016, it was the second-largest airline in India after IndiGo, with a 21.2% passenger-market share. As of November 2018, Jet Airways has been reported to have a negative financial outlook due to increasing losses. In March 2019 it
1680-542: The deal fell through in June 2006. On 12 April 2007, the deal was back on track with Jet Airways agreeing to pay ₹ 14.5 billion (US$ 170 million). On 16 April 2007, Air Sahara was renamed as JetLite and was marketed between a low-cost carrier and a full-service airline. JetLite became a wholly owned subsidiary of Jet Airways. In August 2008, Jet Airways announced its plans to integrate JetLite into Jet Airways. In October 2008, Jet Airways laid off 1,900 of its employees, who were later re-instated due to intervention from
1736-532: The deal was eventually called off over disagreements over price and the appointment of Jet chairman Naresh Goyal to the Air Sahara board. Following the failure of the deal, the companies filed lawsuits seeking damages from each other A second, eventually successful attempt was made on 12 April 2007 with Jet Airways agreeing to pay ₹14.50 billion ($ 340 million ). The deal gave Jet a combined domestic market share of about 32% . On 16 April Jet Airways announced that Air Sahara will be renamed as Jetlite. The takeover
JetLite - Misplaced Pages Continue
1792-490: The deal was postponed due to the airline's financial difficulties and eventually fell through. 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. and Jet began preparations to launch international services. The airline launched its first international flight in March 2004 from Chennai to Colombo . Jet Airways
1848-472: The demise of Kingfisher Airlines. 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 . The deal, which was expected to be signed in January 2013,
1904-451: The domestic Indian air transport market to go down from approximately 11% in January 2006 to a reported 8.5% in April 2007. Jet Airways announced its first takeover attempt on 19 January 2006, offering US$ 500 million (₹20 billion) in cash for the airline. Market reaction to the deal was mixed, with many analysts suggesting that Jet Airways was paying too much for Air Sahara. The Indian Civil Aviation Ministry gave approval in principle, but
1960-455: 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. Jet Airways ceased operations in April 2019. In 2020, Jet Airways was taken over by an investment company Kalrock with
2016-728: The initial investment for Jet Airways itself had come through shell companies from the Isle of Man , and was heavily funded by the Indian underworld. This was documented in detail in the book A Feast of Vultures . According to its website, in 2016 Jet Airways served 57 destinations – 37 domestic and 20 international destinations in 15 countries across Asia, Europe, North America and Middle East. 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,
2072-1073: The liquidation if the airline was ordered. It grew to be one of the largest airlines in India, with a 21.2% passenger market share in February 2016. It 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, mainly SpiceJet and IndiGo , lowering ticket fares in
2128-422: The major Sahara India Pariwar business conglomerate. Initially, services were primarily concentrated in the northern sectors of India, keeping Delhi as its base, and then operations were extended to cover all the country. Sahara India Airlines was rebranded as Air Sahara on 2 October 2000, although Sahara India Airlines remains the carrier's registered name. On 22 March 2004 it became an international carrier with
2184-484: The merger of the two companies was completed after approval. The aircraft fleet was also progressively being repainted in Jet Airways livery. On 17 April 2019, JetLite grounded all of its flights and ceased all operations, in tandem with its parent company, Jet Airways , which also grounded all of its flights and ceased all operations on the same day. JetLite had an extensive domestic network, as well as international services to Nepal and Sri Lanka that were dropped after
2240-483: The merger of the two companies was completed after approval. The aircraft fleet was also progressively being repainted in Jet Airways livery. On 17 April 2019, JetLite grounded all of its flights and ceased all operations, in tandem with its parent company, Jet Airways , which also grounded all of its flights and ceased all operations on the same day. JetLite had an extensive domestic network, as well as international services to Nepal and Sri Lanka that were dropped after
2296-525: The merger with JetKonnect, focusing only on domestic routes. A buy onboard menu called JetCafé with food for purchase was offered in Economy, while free meals were offered in Business class. The key trends for Jet Lite (India) Limited ('Jet Lite') over recent years are shown below (as at year ending 31 March): As of April 2019, JetLite operated the following all- Boeing 737 Next Generation fleet (until
JetLite - Misplaced Pages Continue
2352-413: The merger with JetKonnect, focusing only on domestic routes. A buy onboard menu called JetCafé with food for purchase was offered in Economy, while free meals were offered in Business class. The key trends for Jet Lite (India) Limited ('Jet Lite') over recent years are shown below (as at year ending 31 March): As of April 2019, JetLite operated the following all- Boeing 737 Next Generation fleet (until
2408-445: The merger with Jetkonnect): JetLite had a buy on board service called JetCafé, offering food for purchase in Economy, while free meals were offered in Business class. [REDACTED] Media related to JetLite at Wikimedia Commons Jet Airways Jet Airways (India) Limited , trading as Jet Airways, was an Indian airline based in Delhi , with a training and developmental centre in Mumbai . Incorporated in April 1992 as
2464-529: The passengers. Jet Airways's frequent-flyer programme was called Jet Privilege. It was rebranded as Intermiles in 2019. [REDACTED] Media related to Jet Airways at Wikimedia Commons Air Sahara JetLite was a low-cost subsidiary of Jet Airways . It was formerly known as Air Sahara until the buyout by Jet Airways which rebranded the airline as JetLite. On 17 April 2019, JetLite grounded all of its flights and ceased all operations, in tandem with its parent company, Jet Airways. The airline
2520-452: 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 ₹ 386.69 crore (US$ 46 million), retail shares in the airline amount to roughly ₹ 74.6 crore (US$ 8.9 million). The original livery was navy blue with light grey and chrome yellow . The top and bottom of
2576-428: The start of flights from Chennai to Colombo , later expanding to London , Singapore, Maldives and Kathmandu . It had also planned to become the first private Indian carrier to serve China with flights to Guangzhou from winter 2006, however, this did not materialize. The uncertainty over the airline's fate caused its share of the domestic Indian air transport market to go down from approximately 11% in January 2006 to
2632-614: The third quarter of 2010, Jet Airways became the largest airline in India with a passenger market share of 22.6%. In July 2012, the airline officially sought government approval to join Star Alliance . Jet Airways is not a member of Star Alliance as of 2017. In June 2011, it became the first domestic airline in India to ban meat products and liquids in check-in baggage. Jet Airways merged the JetLite brand into Jet Konnect on 25 March 2012 and started offering business-class seats after
2688-466: The third quarter of the financial year 2013–14, after posting losses over the previous year. Jet Airways announced on 11 August 2014 that it would phase out Jet Konnect by the end of the year as part of plans to re-position itself as a uniform full-service operator. 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 . In December 2015, Jet Airways announced
2744-546: Was Colombo , flown to from Chennai . London was the airline's first long-haul destination and was launched in 2005. 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 because these attracted losses due to global economic downturn ; it terminated services to San Francisco and Shanghai . The airline planned to restore
2800-485: Was established on 20 September 1991 and began operations on 3 December 1993 with two Boeing 737–200 aircraft as Sahara India Airlines , as part of the major Sahara India Pariwar business conglomerate. Initially, services were primarily concentrated in the northern sectors of India, keeping Delhi as its base, and then operations were extended to cover all the country. Sahara India Airlines was rebranded as Air Sahara on 2 October 2000, although Sahara India Airlines remains
2856-404: 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 claimed it was a technical glitch in their booking system which led to overbooking. In 2016,
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#17327905446832912-580: Was listed on the Bombay Stock Exchange and became a public company on 28 December 2004. After the Government lifted the foreign ownership limits on Indian airlines to 49% from the previous 40%, the airline moved to raise funds via an IPO . 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 and raised Rs 18.9 billion, instantly making Naresh Goyal
2968-403: Was officially completed on 20 April, when Jet Airways paid ₹4 billion. Jetlite was merged with Jet Airways' in-house low-cost brand JetKonnect on 25 March 2012 as a move towards operating under one brand. On 1 December 2014 JetKonnect was integrated into Jet Airways ending its own operations and now flew for them under the codeshare, using its own Air Operators Certificate and flight code S2 till
3024-402: Was officially completed on 20 April, when Jet Airways paid ₹4 billion. Jetlite was merged with Jet Airways' in-house low-cost brand JetKonnect on 25 March 2012 as a move towards operating under one brand. On 1 December 2014 JetKonnect was integrated into Jet Airways ending its own operations and now flew for them under the codeshare, using its own Air Operators Certificate and flight code S2 till
3080-414: Was postponed and was completed on 12 November 2013. Naresh Goyal retained 51% ownership of the stock. In 2013, the airline lowered prices and entered into a fare war with low-cost carriers IndiGo and SpiceJet due to falling passenger demand. In February 2013, the airline's market value dropped by ₹ 4.84 billion (US$ 58 million) due to falling share prices. Jet Airways made profits in
3136-520: Was reported that nearly a fourth of Jet Airways' aircraft were grounded due to unpaid lease rates. On 25 March 2019, Mr. Naresh Goyal and his wife Anitha Goyal stepped down from the board of directors. 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. On 17 April 2019, Jet Airways suspended all flight operations, due to lenders rejecting Rs 4 billion of emergency funding and its membership in
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