Jet Airways, India's premier international airline, has hiked the fares by up to 25% with immediate effect due to a sharp increase in the air turbine fuel (ATF) price and a depreciating rupee.
The three state-owned oil marketing companies (OMC) BPCL, HPCL and IOC which revise jet fuel prices on the first day of every month, hiked fuel prices by 6.9% for purchases from Sep 1. This was the fourth hike since June due to the fall in rupee value.
Jet Airways currently operates a fleet of 111 aircraft, which include 10 Boeing 777-300 ER aircraft, 10 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 71 next generation Boeing 737-700/800/900 aircraft and 16 ATR 72-500 and 2 ATR72-600.
