Jet Airways bankruptcy and rebirth 2.0
Sep 26, 2018, 9:07 am
#16
FlyerTalk Evangelist
Join Date: Apr 2009
Location: India
Programs: Bonvoy Lifetime Titanium, IHG Plat, HH Gold, Trident Plat, DL Diamond, AI Maharajah
Posts: 29,648
i'm glad i gave up on the jp program years ago....i don't see it getting any better now with this sale....
Sep 26, 2018, 1:55 pm
#17
Join Date: Jul 2017
Programs: KrisFlyer Gold, Marriott & SPG Plat, Hilton Gold, ShangriLa Jade, Enterprise Plat, Taj Gold
Posts: 3,309
Wonder if it’s Etihad that jinxs everything. 
From Etihad to Air Berlin to Jet all of them seem to be in quite a mess... have speculators started shorting Virgin Aus yet?
From Etihad to Air Berlin to Jet all of them seem to be in quite a mess... have speculators started shorting Virgin Aus yet?
Nov 11, 2018, 2:56 am
#19
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 48,100
One board member resigned:
https://www.businesstoday.in/sectors...ry/289666.html
Pilots allowed to leave without notice... (it seems they didn't care to give notice anyway)
https://economictimes.indiatimes.com...w/66469682.cms
Even the 75% salary promised is not being paid...
Mehta has expressed his inability to continue as an independent director on the board "due to his recent time constraints, commitments and other obligations," the airline said in a separate statement.Quoting Mehta, the statement said that in recent months, the call on his time from his other obligations has mounted.
Pilots allowed to leave without notice... (it seems they didn't care to give notice anyway)
https://economictimes.indiatimes.com...w/66469682.cms
Even the 75% salary promised is not being paid...
Nov 20, 2018, 5:18 am
#20
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 48,100
It seems the cash flow situation continues to be bad. Crew still not paid, but the ultimatum is that they will stick to their 72 h duty roster ? 
Nov 20, 2018, 10:13 pm
#21
Join Date: Sep 2005
Location: BOM-SIN-EWR
Programs: UA*G (1K again), Sixt Plat, *was*: SQ QPP01 & SK EBS/EBG, LH SEN, AA EXP, 9wPlat
Posts: 8,606
What I don't understand is why 9W is in such state. They are always expensive than other flights ( At least by 500 bucks on BOM- DEL sector ). Their flight is always full as well. Then what's the reason they are still not performing as well as the competition.
On international sector also the same story, more expensive than others and full flights (at least in J).
On international sector also the same story, more expensive than others and full flights (at least in J).
Nov 21, 2018, 12:56 am
#22
Join Date: Jul 2017
Programs: KrisFlyer Gold, Marriott & SPG Plat, Hilton Gold, ShangriLa Jade, Enterprise Plat, Taj Gold
Posts: 3,309
Well lots happening over the last few days... Tata + SQ looking at a complete buy out - Naresh Goyal + Etihad's stake; Vinay Dubey's email to everyone talking about how they've been improving across many many metrics over the past several months... and then ending it with... "oh yeah but we're still phucked so we're selling the damn thing".
It's quite a risky buy even for the Tatas. Not to mention the Vistara + 9W integration costs (technology (Amadues vs Sabre I think) + people + processes)... it would be a huge mess. It will give Vistara what they couldn't get by themselves... prime slots in every airport in India! Still the risks are too big IMHO. A failed airline could sink the entire Tata enterprise.
I think what 9W needed to do was to come clean on the what they're doing to cut costs - lounge, food etc. in the foreground, aircraft utilization, slots, airports etc. and other processes in the background to cut costs... so that people know that's it's temporary till things get better. That would create much more loyalty towards the airline than finding out you're being shortchanged while you're flying. But I think 9W leadership thinks "yeah that's not going to be our problem much longer so let's not talk about it".
25 flights cancelled yesterday... apparently because of pilots striking for not being paid... 9W denies it saying it's a "roster error". Given how much 9W's PR generally lies just the timing of this makes you pretty sure that it's a pilot strike and probably with more to come.
Also, to brag... if I may refer to post #2 of this forum. I think 9W could have read it and sold long time back rather than wait for things to completely fall apart.
It's quite a risky buy even for the Tatas. Not to mention the Vistara + 9W integration costs (technology (Amadues vs Sabre I think) + people + processes)... it would be a huge mess. It will give Vistara what they couldn't get by themselves... prime slots in every airport in India! Still the risks are too big IMHO. A failed airline could sink the entire Tata enterprise.
I think what 9W needed to do was to come clean on the what they're doing to cut costs - lounge, food etc. in the foreground, aircraft utilization, slots, airports etc. and other processes in the background to cut costs... so that people know that's it's temporary till things get better. That would create much more loyalty towards the airline than finding out you're being shortchanged while you're flying. But I think 9W leadership thinks "yeah that's not going to be our problem much longer so let's not talk about it".
25 flights cancelled yesterday... apparently because of pilots striking for not being paid... 9W denies it saying it's a "roster error". Given how much 9W's PR generally lies just the timing of this makes you pretty sure that it's a pilot strike and probably with more to come.
Also, to brag... if I may refer to post #2 of this forum. I think 9W could have read it and sold long time back rather than wait for things to completely fall apart.
Last edited by PiperAtGatesofDawn; Nov 21, 2018 at 3:17 am
Nov 22, 2018, 5:00 pm
#24
FlyerTalk Evangelist
Join Date: Apr 2009
Location: India
Programs: Bonvoy Lifetime Titanium, IHG Plat, HH Gold, Trident Plat, DL Diamond, AI Maharajah
Posts: 29,648
Nov 23, 2018, 12:49 am
#25
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 48,100
Tata has stakes in Vistara and Air Asia India. I'm sure they have to adjust some of that for Jet to fit into their strategy. The problem is that 9W/S2 is a 25 year old carrier that has grown over time and is a mixture of many things. Neither or which fit to Vistara or Air Asia.
Tata could wait and let Jet go under and buy the best bits of the operation, but that has the risk of someone else coing in from behind and leaving them empty handed. Very tricky situation. If they buy a big stake now as is then Vistara most certainly has to go.
Tata could wait and let Jet go under and buy the best bits of the operation, but that has the risk of someone else coing in from behind and leaving them empty handed. Very tricky situation. If they buy a big stake now as is then Vistara most certainly has to go.
Nov 25, 2018, 11:08 pm
#26
Used to be ' simz '
Join Date: Jan 2012
Location: Kolkata, India
Programs: Does it matter..??? It doesn't matter to them
Posts: 1,129
Vistara/Tata buying Jet now would yield the same result as Jet buying Sahara.. It would be a clusterf**k of the highest order. Indigo would have no interest in buying them out either..
The only 2 people who have interest in keeping them alive is Goyal ji and Etihad.. no one else right now have any stake and any value to gain out of it.. IMHO..
The best thing for Vistara would be let Jet die out the natural course, and then grab the slots as best as possible.. the market share of Jet will redistribute, based on darwin's principle..
The only 2 people who have interest in keeping them alive is Goyal ji and Etihad.. no one else right now have any stake and any value to gain out of it.. IMHO..
The best thing for Vistara would be let Jet die out the natural course, and then grab the slots as best as possible.. the market share of Jet will redistribute, based on darwin's principle..
Nov 26, 2018, 3:41 am
#27
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 48,100
Something is happening...
To save his airline, Goyal is willing to consider handing over the operational reins to the Middle Eastern carrier in exchange for a fresh cash infusion through equity and soft loans, with the founder of the airline continuing as its chairman.
Struggling carrier Jet AirwaysNSE -2.03 % Ltd said on Monday it has appointed Robin Kamark as nominee director of stakeholder Etihad Airways PJSC with effect from Dec. 1.
Read more at:
//economictimes.indiatimes.com/articleshow/66808100.cms?utm_source=contentofinterest&utm_medi um=text&utm_campaign=cppst
To save his airline, Goyal is willing to consider handing over the operational reins to the Middle Eastern carrier in exchange for a fresh cash infusion through equity and soft loans, with the founder of the airline continuing as its chairman.
Struggling carrier Jet AirwaysNSE -2.03 % Ltd said on Monday it has appointed Robin Kamark as nominee director of stakeholder Etihad Airways PJSC with effect from Dec. 1.
Read more at:
//economictimes.indiatimes.com/articleshow/66808100.cms?utm_source=contentofinterest&utm_medi um=text&utm_campaign=cppst
Dec 3, 2018, 8:40 am
#28
Used to be ' simz '
Join Date: Jan 2012
Location: Kolkata, India
Programs: Does it matter..??? It doesn't matter to them
Posts: 1,129
So another addition to their "ehancements".. Now free meal in economy is only on the Flex fare (highest fare class).. rest all is buy on board.. Basically they are slowly turning in to a LCC.. get ready for more "enhancements" in near future..
Dec 3, 2018, 9:18 am
#29
Join Date: Jul 2017
Programs: KrisFlyer Gold, Marriott & SPG Plat, Hilton Gold, ShangriLa Jade, Enterprise Plat, Taj Gold
Posts: 3,309
That is bad news.... 9W will shut shop shortly with the way it’s going. What’s even worse news is that this means that AI and UK will follow suit and that’s the end of meals in Y in India!
And that’s only good news for the crappy crap over priced crap that the airports sell you.
And that’s only good news for the crappy crap over priced crap that the airports sell you.
Dec 3, 2018, 2:12 pm
#30
Join Date: Jun 2016
Posts: 578
That is bad news.... 9W will shut shop shortly with the way it’s going. What’s even worse news is that this means that AI and UK will follow suit and that’s the end of meals in Y in India!
And that’s only good news for the crappy crap over priced crap that the airports sell you.
And that’s only good news for the crappy crap over priced crap that the airports sell you.
