Jet Airways, based out of Mumbai India, is the country’s largest airline as well as the leading domestic air passenger airline. The founder and owner, Naresh Goyal, retains 80% ownership of the company and is still at the helm. Every day, over 400 flights reach more than 70 international locations all over the world. Accomplishment and reputation have been the top priority with this airline since the beginning of their business. The best, most committed leadership skills in this industry makes such goals achievable.
In 2011 (June), Naresh Goyal was re-elected as the company’s Chairman position May of 2011, a fantastic month for the organization. The Board of Governors term will take up most of Mr. Goyal’s time until 2013. Mr. Goyal is now serving his second term on the Board of Governors; his first term ran from ’08 to ’11. The primary goal IATA is supporting & overseeing safe airline travel, general strives for professional and economical passenger flight travel around the world. The two hundred thirty members of this club make up just under 95% of the commercial air travel industry.
On April 1, 1992, Jet Airways was officially incorporated. Official operation as a commercial airline in India began a year later in May 1993. In the beginning, the company only had four Boeing 737-300 aircraft which they were leasing. The company wasn’t able to apply for status of a scheduled airline until a year later when the air carrier laws changed. Their very first international air passenger flight which went to Sri Lanka happened in March 2004. Since that time, Jet Airways has grown their fleet to just barely under 100 aircraft consisting of both jet and turbo-prop airliners.
Within the commercial aviation field, Code sharing is quite common. Code sharing is the name of the agreement between at least two airlines that allows them to offer connecting air service to the other company’s clients. In addition to financially benefiting the companies themselves, this arrangement is extremely beneficial because it offers more flexibility to travelers. Jet Airways has at least a dozen different code sharing agreements with airlines that are based all over the world. With more than twenty international destinations, Jet Airways is obviously always on the lookout to form international air passenger service code share agreements. Perhaps the airline may one day form their own air consortium considering their market and continued growth.
All airlines in this world offer comparable dissimilarities and similarities Beginning simply, and growing into a world class company, is only possible when you have strong and hard working employees. Achievement is often times difficult to grasp in this industry, due to a great number of variables. Financial stability rises and falls with the economy with all airlines. This company, Jet Airways, is an inspiration to all airlines and companies alike.
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