...
...
Next Story

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.

Updated on: Nov 29, 2017, 16:57:41 IST
Reuters, Mumbai | By
Prefer HTon Google
Advertisement

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.

A Jet Airways passenger aircraft takes off from the airport in Ahmedabad. (Reuters File Photo)
A Jet Airways passenger aircraft takes off from the airport in Ahmedabad. (Reuters File Photo)

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.

 
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
SHARE THIS ARTICLE ON
Notifications

Get breaking alerts directly from the newsroom

Notifications are on!You'll be notified when news breaks