Etihad has big plans for Jet Airways partnership
Etihad Airways has commenced major expansion of its Indian operations following the approval of an historic 24 per cent investment in Jet Airways worth nearly US$600 million.
January 20, 2014
Etihad Airways has commenced major expansion of its Indian operations following the approval of an historic 24 per cent investment in Jet Airways worth nearly US$600 million. Central to the Etihad Airways plan is the use of Abu Dhabi as a global hub connecting international passengers and freight with flights to and from India.
The first stage of the Etihad Airways strategy includes additional flights or the introduction of larger aircraft on existing routes to India. The initial flight increases by Etihad Airways are essentially a doubling from seven to 14 flights a week to Mumbai, New Delhi, Kochi, Bangalore, Chennai, Hyderabad. These will be implemented from immediately through to October 2014. Aircraft on some routes will also be upgraded from A320s to A340 and A330 aircraft, such as the Mumbai and New Delhi routes.
Subject to regulatory approvals in a range of countries, Etihad and Jet also plan to codeshare on each other’s flights between Abu Dhabi, India and other markets in the Middle East, North America and Europe. Etihad will also codeshare on new flights by Jet between India and the US, via the Abu Dhabi hub, subject to regulatory approval.
“India is one of the world’s largest and fastest-growing air travel markets and will play an increasingly important role in our growth,” said James Hogan, president and CEO of Etihad Airways. “Through our purchase of 24 per cent of Jet Airways – the first foreign investment permitted in an Indian airline – we have laid the foundations for major and exciting growth in air services between Abu Dhabi and India, and beyond throughout our global network,” Hogan said.