Tag Archives: Vinay Dube

We remain focused on our airlines business turnaround: Jet Airways

In an earnings conference call for Q2 FY2019 of the Jet Airways management with analysts, Vinay Dube, CEO, Jet Airways, has said that the airline remains focused on its airlines business turnaround. He said, “Instead of witnessing an increase in fares to recover cost increases, the industry fares and yields are in fact down. Such a low-fare environment is neither sustainable for the industry nor good for the consumer in the medium term, and it is imperative that fares rise in the short term. However, hope is not a strategy, and we remain focused on our airlines business turnaround, which we are happy to report, is on track.” Underlining some of its efforts, he added, “Our operational reliability and on-time performance is the best we have seen over the last three years. The airline’s arrival on-time performance for this quarter was 84 per cent, which is a substantial 15 per cent point higher than Q2 of last year.” Sharing the results of the second quarter for fiscal year 2019, Dube said, “This quarter, we reported a loss of Rs 1,261 crore at a consolidated level. Excluding the impact of foreign exchange losses due to the depreciation rupee, the loss was Rs 823 crores.” Speaking about the challenging times the industry in general has been witnessing, Dube said, “While aviation in general is not an easy business globally, in India both the opportunities and challenges faced by the sector are at a totally different level. The opportunity is staggering because of our highly underpenetrated aviation market with a fast-growing economy and a growing population. But the challenges are equally staggering, as airlines battle for market share, not profitability, by dumping capacity …

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Jet Airways to start fifth direct service between India and UK

Jet Airways has announced that it will launch its first non-stop service between Mumbai and Manchester, beginning November 5, 2018, thus further strengthening its connect to the United Kingdom (UK). This new service is the first non-stop service connecting India, via its economic capital with Manchester. Jet Airways will deploy its wide body A330-200 with 254 seating for the service, which will operate for four days every week including Monday, Thursday, Saturday and Sunday. Manchester will become the 21st international addition to the Jet Airways network and with the introduction of this new flight – the carrier’s 5th non-stop service to/from the UK. The launch of this new service will provide seamless connectivity to several domestic destinations to and from India via Mumbai. The new service will complement the carrier’s existing thrice daily, non-stop services between Mumbai – London Heathrow and a daily service between Delhi – London Heathrow. Vinay Dube, Chief Executive Officer, Jet Airways said, “The new service will bring Manchester into our global network, reinforcing our footprint as well as expanding the choice of connectivity to/from the United Kingdom for our guests with the four-day/week, non-stop service. With the new flight, Jet Airways will have over 8000 seats on offer every week, making it increasingly convenient for both business as well as leisure travellers.”

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Jet signs additional 75 Boeing 737 max aircraft, total order equals 150

Jet Airways has announced that it has signed a new order for 75 additional Boeing 737 MAX aircraft, taking the total order to 150 aircraft. The Boeing 737 aircraft type is the backbone of Jet Airways’ fleet. The 150 Boeing 737 MAX aircraft will serve the airline not only to replace its existing fleet but also to equip it with modern and environmentally progressive airplanes, thereby fueling the airline’s expansion strategy to support its network and growth aspirations. Vinay Dube, Chief Executive Officer, Jet Airways, said, “Our new order for the additional 75 Boeing 737 MAX aircraft will allow us to deliver a differentiated and world-class customer experience to our guests. This additional order re-emphasises our trust and confidence in Boeing and also reaffirms our commitment to operate extremely modern, reliable and fuel efficient aircraft as part of our fleet. This order underscores Jet Airways’ commitment to the growth and sustainability of the Indian aviation market.” “We are honoured that Jet Airways has again placed its trust in Boeing with its order for 75 more Boeing 737 MAXs”, said Dinesh Keskar, Senior Vice President, Asia Pacific & India Sales, Boeing Commercial Airplanes. “These additional Boeing 737 MAX airplanes will help Jet Airways continue to be an industry leader by combining a superior passenger experience with reliable and efficient operations.”

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Vinay Dube joins Jet Airways as Chief Executive Officer

Vinay Dube  joins Jet Airways as its Chief Executive Officer after receipt of all requisite Government and regulatory approvals. Dube’s appointment was approved by the Jet Airways Board of Directors at their last meeting held on May 30, 2017. An accomplished industry leader and an aviation professional with close to three decades of global business experience, Dube has an established track record of leadership and business expansion at large, complex, multi-national organisations including varied roles at Delta Airlines Inc., Sabre, Inc., and American Airlines in the USA, Europe and Asia. In his last role as SVP-Asia Pacific for Delta Airlines Inc., he headed the region as Business Head with P&L responsibility and was also a Board Observer at China Eastern. During his tenure in Asia, Dube successfully led the turnaround of the Airline in the Asia Pacific markets, restructured the network, established strategic partnerships, worked extensively on brand-building and successfully brought about a transformation in the work culture of his teams. He has also held various Board-level positions throughout his career. Commenting on that appointment and subsequent approval by the Government as the airline’s CEO, Naresh Goyal, Chairman, Jet Airways, said, “Vinay will lead the Executive Management Committee to deliver on our strategic objectives, at a time when the Indian Aviation market is poised to develop manifold going forward. In our recent past, we have made demonstrable progress towards achieving long-term goals. I am confident that under Vinay’s leadership, we will accelerate the momentum of turning around the company to higher growth and profits resulting in all-round benefits to our employees as well as to our shareholders, as well as deepen our relationship with our strategic partner Etihad Airways.”

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