Looks like they have finally lost their funding and all planes are grounded... Were there any Qantas codeshares still being offered? When I flew to India the other week they were looking shaky and so I flew via HK with QF and CX..
Even if a miracle happens and an investor is found, they will be flying with a much smaller fleet. This from Reuters:
"India’s aviation regulator said on its website on Wednesday that lessors
had applied to de-register another four Boeing Co 737 planes. Overall,
Jet’s lessors have, so far, sought to deregister and repossess at least
48 planes operated by Jet. Once deregistered, lessors are free to
reclaim a plane and lease it to another airline."
Looks like they have finally lost their funding and all planes are grounded... Were there any Qantas codeshares still being offered? When I flew to India the other week they were looking shaky and so I flew via HK with QF and CX..
1. Jet's fleet has shrunk from 119 aircraft to 6-7 (all domestic).
2. Funding discussions - whilst not successful Monday or yesterday - are still 'on-going'.
3. However, in parallel, the State Bank of India issued an EOI (Expression of Interest) for the sale of Jet on 8 April, closing 10 April. They received 7-8 initial bids, which have been narrowed to a preferred 4.
4. One B777 has been impounded at AMS.
5. The greater majority of all Jet's widebodies are in the process of Indian 'deregistration' which is essential before they can be seized by the leasing companies and repatriated back to their owner(s).
QF has been very quiet about the issue of their partner and codeshares - even though problems have been evident for months. Not a mention on the QF website. Similarly, reports suggest that Delta is still offering Award booking redemptions on Jet Airways. Good luck with that!
A cursory search on QF's website yesterday reveals no Jet partner flights. QF's (interim?) option for travellers from Australia is to route them via Hong Kong to India using CX ex HKG. SYD-BOM Y for a week out is in excess of $5,200 return. Even Air India can offer SYD-DEL at approx. $1,900.
I'm a bit surprised that QF is not offering transit via BKK using partner Bangkok Airways - although this may be due to connections..
Oddly enough, The 21% stake in VA seems to be EY's "best buy" during the controversial James Hogan era (the architect behind all those disaster investments).
Person seated next to me on Tuesday was supposed to be flying to Singapore then on to india with Jet, but was contacted by QF the day before and changed to go via HK then onwards with CX, so qantas were clearly taking precautions
To be fair to Etihad, they 'bought the best house on the worst street'. Their share of the company is 24% with the majority being owned and managed by a somewhat autocratic Naresh Goyal (until his ousting from the Jet Airways Board last week). I would go so far as to suggest that - at the time - Jet Airways was one of Etihad's better investment decisions. It had true potential - in what should have been a rapidly growing market.
For years, Jet Airways has clearly been streets ahead of the closest competitor Air India / Indian Airways. Many of the current problems with Jet Airways are a mix of banking / finance issues (read over-lending and greed), poor day-to-day management and the intervention (at will) and changing policies with lack of aviation focus by the Indian Government.
Etihad is one of the 4 preferred bidders in the mentioned 'EOI' and as an existing asset holder, they may well emerge as the saviour of the company. However, if they do emerge as the new owner, there is no doubt that a Jet Airways mark 2 will be a very different entity from the current iteration.
Person seated next to me on Tuesday was supposed to be flying to Singapore then on to india with Jet, but was contacted by QF the day before and changed to go via HK then onwards with CX, so qantas were clearly taking precautions
Qantas have been rerouting passengers between Singapore and India since April 11.
Fingers crossed, they sort something out. Flew with them a few years ago from Delhi to Kolkata and Dubai. They addressed every guest by name during the meal service IN ECONOMY!! Don't get that in business on some carriers. Def one of the best I've flown
Fingers crossed, they sort something out. Flew with them a few years ago from Delhi to Kolkata and Dubai. They addressed every guest by name during the meal service IN ECONOMY!! Don't get that in business on some carriers. Def one of the best I've flown
Very true, have flown quite a few flights w/ 9W when I was in India and have always felt valued. Hopefully they come out of their financial issues
Oddly enough, The 21% stake in VA seems to be EY's "best buy" during the controversial James Hogan era (the architect behind all those disaster investments).
Don't forget James Hogan drove Gulf Air into the ground too and subsequently got the boot. Why EY chose to take him on with that in his resume history beats me.That said, Gulf carriers do have lots of interference from their respective governments.
Hi Guest, join in the discussion on
Looks like Jet Airways has finally gone bust....
NickCorr
NickCorr
Qantas - Qantas Frequent Flyer
Member since 14 Jun 2014
Total posts 8
andyf
andyf
Virgin Australia - Velocity Rewards
Member since 07 Dec 2014
Total posts 55
Does this have any bearing on Etihad?
oz_soarer
oz_soarer
Qantas - Qantas Frequent Flyer
Member since 11 Dec 2018
Total posts 1
kimshep
kimshep
Qantas - Qantas Frequent Flyer
Member since 11 Oct 2014
Total posts 412
1. Jet's fleet has shrunk from 119 aircraft to 6-7 (all domestic).
2. Funding discussions - whilst not successful Monday or yesterday - are still 'on-going'.
3. However, in parallel, the State Bank of India issued an EOI (Expression of Interest) for the sale of Jet on 8 April, closing 10 April. They received 7-8 initial bids, which have been narrowed to a preferred 4.
4. One B777 has been impounded at AMS.
5. The greater majority of all Jet's widebodies are in the process of Indian 'deregistration' which is essential before they can be seized by the leasing companies and repatriated back to their owner(s).
QF has been very quiet about the issue of their partner and codeshares - even though problems have been evident for months. Not a mention on the QF website. Similarly, reports suggest that Delta is still offering Award booking redemptions on Jet Airways. Good luck with that!
A cursory search on QF's website yesterday reveals no Jet partner flights. QF's (interim?) option for travellers from Australia is to route them via Hong Kong to India using CX ex HKG. SYD-BOM Y for a week out is in excess of $5,200 return. Even Air India can offer SYD-DEL at approx. $1,900.
I'm a bit surprised that QF is not offering transit via BKK using partner Bangkok Airways - although this may be due to connections..
LatteLaptopLoon
LatteLaptopLoon
Member since 25 Oct 2017
Total posts 18
Everything Etihad touches seems to turn bad
DanV
DanV
Qantas - Qantas Frequent Flyer
Member since 04 Nov 2017
Total posts 96
EY is the modern day SwissAir, imo.
Oddly enough, The 21% stake in VA seems to be EY's "best buy" during the controversial James Hogan era (the architect behind all those disaster investments).
blingwad
blingwad
Qantas - Qantas Frequent Flyer
Member since 04 Jun 2015
Total posts 74
Person seated next to me on Tuesday was supposed to be flying to Singapore then on to india with Jet, but was contacted by QF the day before and changed to go via HK then onwards with CX, so qantas were clearly taking precautions
kimshep
kimshep
Qantas - Qantas Frequent Flyer
Member since 11 Oct 2014
Total posts 412
To be fair to Etihad, they 'bought the best house on the worst street'. Their share of the company is 24% with the majority being owned and managed by a somewhat autocratic Naresh Goyal (until his ousting from the Jet Airways Board last week). I would go so far as to suggest that - at the time - Jet Airways was one of Etihad's better investment decisions. It had true potential - in what should have been a rapidly growing market.
For years, Jet Airways has clearly been streets ahead of the closest competitor Air India / Indian Airways. Many of the current problems with Jet Airways are a mix of banking / finance issues (read over-lending and greed), poor day-to-day management and the intervention (at will) and changing policies with lack of aviation focus by the Indian Government.
Etihad is one of the 4 preferred bidders in the mentioned 'EOI' and as an existing asset holder, they may well emerge as the saviour of the company. However, if they do emerge as the new owner, there is no doubt that a Jet Airways mark 2 will be a very different entity from the current iteration.
brinkers
brinkers
Qantas - Qantas Frequent Flyer
Member since 16 Jun 2011
Total posts 233
Qantas have been rerouting passengers between Singapore and India since April 11.
CX, KA: SIN–X/HKG–INDIA vv
MH: SIN–X/KUL–INDIA vv
UL: SIN–X/CMB–INDIA vv
SQ, MI: SIN–INDIA vv
MH: SIN–X/KUL–INDIA vv
UL: SIN–X/CMB–INDIA vv (if in Economy)
rencontre
rencontre
Member since 27 Aug 2015
Total posts 9
Fingers crossed, they sort something out. Flew with them a few years ago from Delhi to Kolkata and Dubai. They addressed every guest by name during the meal service IN ECONOMY!! Don't get that in business on some carriers. Def one of the best I've flown
adethyasjce
adethyasjce
Qantas - Qantas Frequent Flyer
Member since 03 Jul 2018
Total posts 66
Very true, have flown quite a few flights w/ 9W when I was in India and have always felt valued. Hopefully they come out of their financial issues
hakkinen5
hakkinen5
Qantas - Qantas Frequent Flyer
Member since 20 Aug 2014
Total posts 195
Oddly enough, The 21% stake in VA seems to be EY's "best buy" during the controversial James Hogan era (the architect behind all those disaster investments).
Their best buy was an airline losing several hundred million per year for several years. Says a lot about James Hogan's acquisitions, no?
patrickk
patrickk
Qantas
Member since 19 Apr 2012
Total posts 731
The QF move explains the recent announced codeshare with CX to mainly Indian ports.
Joe
Joe
Member since 03 May 2013
Total posts 181
Don't forget James Hogan drove Gulf Air into the ground too and subsequently got the boot. Why EY chose to take him on with that in his resume history beats me.That said, Gulf carriers do have lots of interference from their respective governments.