The strategic investment of Etihad Airways into Jet Airways is delivering strong results for both airlines across areas including network growth, revenue enhancement and operational and cost improvements, senior executives from the airlines said today. Speaking at a media conference in Mumbai, Naresh Goyal, Jet Airways’ chairman; James Hogan, Etihad Airways’ president; and Cramer Ball, Jet Airways’ chief executive also gave other details of the significantly improved results for the Indian carrier.
The two airlines together now offer more flights to and from India than any other airline, with a 21 per cent share of the country’s booming international air travel market.Since Etihad Airways’ 24 per cent investment in Jet Airways was finalised in November 2013, the two airlines have increased from nine to 15 the number of direct routes between India and Abu Dhabi, introduced wide-bodied aircraft on key routes, and increased to multiple daily flights in some markets.
Addressing the media Goyal, Hogan and Ball said that the airlines now offer a combined total of 40,000 seats each way, each week between India and Abu Dhabi. This has resulted in more choice and better connectivity for guests travelling out and into India from across the world.
Goyal said: “Our strategic collaboration with Etihad Airways includes network integration, joint sales effort, sharing of resources, collaborated procurement and knowledge transfer.“All of these have enabled us to leverage cost advantages and economies of scale to the eventual benefit of our guests, as well as our employees.”