Jet Airways plans to expand its domestic and global operations from April-May when it also proposes to launch a flight to Manila. The company is looking at a 15% capacity addition on its domestic sector from the summer schedule. Besides, it is also mulling increasing the capacity on international routes by 5-7% this summer. The summer schedule of airlines starts from March 29.
As part of this capacity addition programme, the airline may launch a service to the Philippines capital with an Airbus A-330 aircraft. The company is leasing two Airbus A-330 aircraft next month and plan to deploy one of them in the proposed Manila route. The other one is expected to be used for servicing the Gulf sector including Dammam.Jet Airways currently has 12 A-330s in its fleet, besides Boeing 777s, 737s and turboprop ATR planes.
On the domestic front, the airline is also mulling enhancing connectivity to the northeast by operating a few hopping flights in the region. Jet would permanently station an ATR to service these hopping flights. Dimapur, Silchar and Bagdogra would be among the destinations to be serviced by the turboprop aircraft. Besides, the premier private carrier also plans to upgrade its operations out of Pune and by replacing ATR with a Boeing B-737 aircraft to cater to the growing demand on sectors like Pune-Bangalore and Pune-Hyderabad.
| Company Name | CMP |
|---|---|
| Interglobe Aviation | 3926.50 |
| SpiceJet | 61.45 |
| Global Vectra Helico | 224.95 |
| Jet Airways (I) | 49.10 |
| Taneja Aerospace | 471.95 |
| View more.. | |
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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