Faced with a slump in passenger demand, Jet Airways on Thursday said it was replacing 19 domestic routes with a new all economy-class service.
The new service, named Jet Airways Konnect, which is parallel to its low-cost arm JetLite, would have 54 flights daily from across 19 domestic sectors, Jet Airways' Chief Commercial Officer Sudheer Raghavan told reporters in Mumbai.
"Jet Airways Konnect has been designed to meet the needs of the low-fare segments. It would compliment Jet Airways' full service product by providing a service that is better suited to cater to the market that desires an economically priced low-fare product," Raghavan said.
The new service offers a no-frills economy-class service where travellers would be offered attractive and competitive low fares on specific routes, he said.
"The fares would come down by 12-15 per cent. So the math is in the right ball-park," Raghavan said.
Jet Airways expects that its Konnect service would achieve around 70 per cent seat-factor with 30-35 per cent increase in the number of passengers.