Jet Airways grounded, Air France-KLM seeks new ally
After Jet ran into cash flow problems last year, its owner Naresh Goyal tried to woo both Air France-KLM and Delta Air Lines for a stake purchase, but without success.
While the Franco-Dutch airline is yet to identify potential partners, it is increasing capacity to the country by 25% to 1 million seats in the winter schedule starting October.
EXPANSION PLANS
The expansion includes daily flights to Mumbai and Delhi and new flights to Bengaluru. It will also include new products such as the Boeing 787 Dreamliner plane deployed by KLM on the Bengaluru-Amsterdam route and the Airbus A350 aircraft by Air France on the Mumbai-Paris sector.
In December 2017, the Air France-KLM combine had signed a pact with Jet through which the airlines aligned inventory and networks and sold each other’s tickets. It gave Jet access to more than hundred locations in Europe as well as to the US through Air France-KLM’s pact with Delta Air Lines.
After Jet ran into cash flow problems last year, its owner Naresh Goyal tried to woo both Air France-KLM and Delta Air Lines for a stake purchase, but without success.
They bought tickets on other airlines when passengers couldn’t be accommodated on their own flights, said Blom and Rault.
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