History of jet airways towards failure

History of jet airways towards failure

5 November 1993 j r d Tata started airline services from Mumbai to Ahmedabad that time I was at 43 years old who is founder of jet airways that day naresh goyal decided to measure the sky limit

Jet airway was the first private airline services in the era of globalisation privatization and jet airways has to compete with the Indian airlines for government airlines service that time people use to say it is next to impossible

As the time passes neeraj goyal received lot of success and achievement lot of milestones

Jet airways magically achieved success which nobody has given thought of

In 1993 only 4 Boeing 737 airplane where functioning and started with these four airplanes

By the time 2012 it becomes biggest and largest airline services in 2012 jet airways defeated for past year India government service

after 2012 jet airways has Monopoly nobody was ahead of jet airways and jet airways is name for the quality airline services and customer used to give first preference to the jet airways my booking tickets

Market share of of airline services in 2012

Jet airways 26.3 percent

Air India 18%

Indigo 18%

Kingfisher 17%

SpiceJet 13% 

GoAir 5%

Naresh goyal took one bad decision and 10,000 employees where deducted for layoff in 2008

Naresh goyal wanted to make jet airways India's only foreign flight services

For that he wanted new routes and new aircrafts

Naresh goyal made an agreement with subrata Sahara for Sahara airlines and the deal was not good for him

2007 goyal purchased air Sahara for 2250 crore

Jet airways got 27 aircraft and 13,000 employees

jet airways started chief services and give the name and the name jet lighters

Jet airways and naresh goyal could not estimate the international relation which is going to come in few years

After 2 years oil prices for the aircraft for airline started increasing like anything

Show in 2008 the reduced only of 10000 employees

This much layoff was protested at the national level

Jet airways has to take back its decision but jet airways was in losses for not making good deals

After 2012 jet airways started feeling and feeling and feeling and indigo went ahead of jet airways it was a big problem

In 2015 jet airways had a loss of 2090 crores

In 2015 Etihad airlines put two thousand crores as an investment and purchase 25% stake 

But but this could not save jet airways from being in losses

Jet airways started bouncing not paying aircraft aur aeroplane EMI

And 14 February 2019 jet airways declared that banks should take over the administration of jet airways

In March naresh goyal has given resignation for jet airways chief

in this way jet airways get the value your hand could not survive in heavy competition and due to high aircraft fuel prices and bad acquisition of Sahara services