Jet Airways to launch cargo airline soon
Mumbai: India's leading private airline Jet Airways today said it plans to come out with a cargo airline soon to tap the freight sector."We are planning to launch a full fledged cargo airline for tapping the huge freight market," Jet Airways Financial Advisor Victoriano Dungca told reporters here.
The company would look at coming out with an follow on equity offer of USD 300 million as a domestic issue and anonther USD 500 million via Foreign Currency Convertible Bonds (FCCBs) to fund our fleet expansion plans for 30 airplanes to be bought from Airbus and Boeing, he added.
Dungca said Jet is also planning to launch a new product for its domestic and international travellers soon.
"The airline was also planning to unveil a new product for its domestic travellers, which would be declared in the next couple of weeks and the International product launch would be launched in the summer months of January- February 2007, he said.
The airlines was also planning to launch direct flights from Amristar- Birmingham and Amritsar-London by July.
Jet would also be looking at flying to new destinations including Zurich, Munich, Los Angeles, Dungca added.
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