Thursday, July 24, 2014

Jet, Etihad reinforce commitment to growth of Indian aviation

Dubai: Jet Airways and Abu Dhabi-based Etihad Airways have outlined plans to reinforce their long-term commitment to the growth of India's economy and aviation industry, including a major new turnaround strategy for Jet Airways to return to profitability in three years, it has been announced.

The two airlines have been codeshare partners since 2008 and their relationship was strengthened in November 2013, after Etihad Airways received approvals to acquire a 24% stake in Jet Airways, marking it the first investment by a foreign carrier in India's airline industry.

The wide-ranging partnership has numerous advantages for travellers, including enhanced connections across the world through an expanded codeshare agreement, reciprocal 'earn and burn' rights and tier level recognition on the JetPrivilege and Etihad Guest frequent flyer programmes, said a report.

Jet Airways and Etihad Airways also stand to benefit from cost savings and synergies in areas such as fleet acquisition, maintenance, product development and training, it said.

They continue to explore collaborative purchasing opportunities for fuel, spare parts, insurance and technology support, it added.
24/07/14 PTI/Business Standard
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