Jet Airways targets $3 Bn revenue in three years

Jet Airways targets $3 Bn revenue in three years

Wednesday, 31 October 2007, 07:00 Hrs
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New Delhi: Jet Airways, India's largest private airline, is aiming to achieve $3 billion (118 billion) in revenue in the next three years, chairman Naresh Goyal said Tuesday.

He also said almost half of this $3 billion would come from its international operations.

"International expansion will help domestic operations make money. Every year, we will increase our domestic revenue by 15 percent," Goyal told reporters on the sidelines of the Fortune Global Forum meet here.

The company, which currently operates direct flights from Mumbai to Newark, US, recently started its direct flights to New York's John F. Kennedy Airport via its European hub in Brussels.

The airline recently announced its plans to start flights to Shanghai from Mumbai. It is the only private carrier in India that has got permission to fly into the Gulf.

It has applied for rights to fly to Kuwait, Oman, Qatar, Bahrain, Dubai and Abu Dhabi.

In September, the airline started its service to Toronto via Brussels. Earlier this year, the company acquired Air Sahara, now re-branded as JetLite.

The Fortune Global Forum, which brings the world's top industry leaders together, is being held in India for the first time.
Source: IANS
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