Jet Airways gets a performance boost with Etihad partnership
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A recent analysis of the strategic investment of Etihad Airways into Jet Airways has showed positive results for both airlines.
The results are seen across network growth, revenue enhancement and operational and cost improvements. Naresh Goyal, Jet Airways’ chairman; James Hogan, Etihad Airways’ president and chief executive; and Cramer Ball, Jet Airways’ chief executive provided details of the significantly improved results.
The two airlines together share nearly 21% share of the country’s international air travel market. Since Etihad Airways’ 24% investment in Jet Airways was finalised, the two airlines have increased from nine to 15 direct routes between India and Abu Dhabi.
The three senior executives mentioned that the airlines now offer a combined total of 40,000 seats each way, each week between India and Abu Dhabi.
Naresh Goyal further added: “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.”
In the first six months of 2015, Etihad Airways transferred more than 235,000 guests onto Jet Airways’ network into India through its codeshare partnership, with Jet Airways providing 182,000 guests onto Etihad Airways network.
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