Wednesday, October 04, 2006

"The low cost airlines don't really exist in India": Jet Airways

Jet Airways' chief executive officer Wolfgang Prock-Schauer said the low cost airlines don't really exist in India.
Prock-Schauer noted that 80 percent of costs are independent of the business model. "In Indian aviation, passengers prefer the full service model and the cost differential between full service carriers and LCCs is so small that we are well positioned to take advantage of this opportunity. There are passengers in India who are willing to pay a premium in Business and in Economy," he said during a conference conducted by the Centre for Asia Pacific Aviation in India.
Prock-Schauer stated Jet Airways' strategy was to grow with the market to retain its leading position, which stands at 34 percent domestic market share. He further added that he believes the market will grow by 20-25 percent p/a, down from the current 50 percent growth rates experienced in the first half of 2006.
03/10/06 Eye For Travel