Qantas - Qantas Frequent Flyer
Member since 14 Jun 2014
Total posts 6
Virgin Australia - Velocity Rewards
Member since 07 Dec 2014
Total posts 40
Member since 11 Dec 2018
Total posts 1
Member since 11 Oct 2014
Total posts 315
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..
Member since 25 Oct 2017
Total posts 16
Member since 04 Nov 2017
Total posts 49
Member since 04 Jun 2015
Total posts 71
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.
Member since 16 Jun 2011
Total posts 214
Member since 27 Aug 2015
Total posts 9
Member since 03 Jul 2018
Total posts 66
Member since 20 Aug 2014
Total posts 118
Member since 19 Apr 2012
Total posts 355
Member since 03 May 2013
Total posts 69
Hi Guest, join in the discussion on
Looks like Jet Airways has finally gone bust....
Already have an ET account? Log in below.
Signing up with Executive Traveller only takes a second and lets you
interact with our community. It's completely free and we'll never pass your information on to
Didn’t receive an activation email? Resend one to yourself here.
If you’ve forgotten your password, simply enter your email address
below, then click 'Submit'. We’ll send you an email to re-activate your account and enter a new password.
If you have not received the activation email, simply enter your email address below, then click 'Submit'. We’ll send you an email containing the activation link.
Subscribe to our free newsletter and get the latest news, reviews, tips and more sent straight to your inbox