Jet Airways

Jet Airways is an Indian airline based in Mumbai. It is the second largest airline in India, both in terms of market share and passengers carried, after IndiGo. It operates over 300 flights daily to 74 destinations worldwide from its main hub at Mumbai and secondary hubs at Bengaluru, Chennai, Delhi, Kolkata and Pune.

History

1992-2009: Inception and growth

Jet Airways was incorporated as an air taxi operator on 1 April 1992. It started commercial operations on 5 May 1993 with a fleet of four leased Boeing 737-300 aircraft from Malaysia Airlines. In January 1994 a change in the law enabled Jet Airways to apply for scheduled airline status, which was granted on 4 January 1995. Naresh Goyal – who already owned Jetair (Private) Limited, which provided sales and marketing for foreign airlines in India – set up Jet Airways as a full-service scheduled airline to compete against state-owned Indian Airlines. Indian Airlines had enjoyed a monopoly in the domestic market between 1953, when all major Indian air transport providers were nationalized under the Air Corporations Act (1953), and January 1994, when the Air Corporations Act was repealed, following which Jet Airways received scheduled airline status.