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Jet Airways, Air France-KLM announce tie-up to boost traffic

Indian international air traffic is booming, but much of the growth has been captured by the three big Gulf carriers including Etihad, which owns 24 percent of Jet.

business Updated: Nov 29, 2017 16:57 IST
Reuters
Reuters
Reuters, Mumbai
Jet Airways,Air France-KLM,Etihad Airways
A Jet Airways passenger aircraft takes off from the airport in Ahmedabad.(Reuters File Photo)

India’s Jet Airways and Air France-KLM announced a partnership to route more traffic through Europe and on to North America, in a potential challenge to Gulf carrier Etihad Airways that is a shareholder in Jet.

Indian international air traffic is booming, but much of the growth has been captured by the three big Gulf carriers including Etihad, which owns 24 percent of Jet.

The “enhanced cooperation agreement” with Air France-KLM, signed on Wednesday in India’s financial capital Mumbai, is designed to route more traffic and expand the number of flights to Europe and then onwards to the United States.

The agreement also includes Delta Air Lines, with which Air France KLM has an existing partnership.

International carriers are increasingly tying up on routes in the face of rising competition.

The Gulf will continue to be an important market and Jet will not reduce its operations there, Naresh Goyal, chairman of Jet, told reporters.

He added that Jet had a “great relationship with Etihad” and that would continue.

Etihad was not immediately available for comment.

First Published: Nov 29, 2017 12:34 IST