In order to stay competitive within its domestic market, India’s largest domestic airline Jet Airways is looking to expand on its international destinations which include: Britain, Singapore, Kuala Lumpur, Colombo and Kathmandu. The carrier revealed on Monday that they were ‘eyeing destinations’ such as South Africa, Canada, the Middle East and China. Jet Airways holds 40 percent of the world’s fastest growing domestic aviation market which is forecast to grow at about 20 percent a year over the next five years. Discount carriers, including Deccan Aviation and SpiceJet, are competing for a bigger share of the market.
"The ASEAN (South East Asian) region is a growing market and very profitable," said Chief Executive, Wolfgang Prock-Schauer.
Prock-Shcauer also revealed that international operations, which account for 17 percent of Jet's overall revenue now, will make up half of its revenue by 2008/09 when Jet has added new aircraft to its fleet and more overseas routes. An investment of USD$2.5 billion will be made over the next three years for new aircraft and crew training.
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