As you might already know that I have been die-hard fan of Jet Airways and it’s frequent flyer program JetPrivilege for years till last year when it started showing the signs of end.
I can slowly see desperation with Jet Airways using JetPrivilege to get some greens. They have been offering quite many offers to convert other currencies such as Banks or Airline to JPMiles which I have refused to even entertain despite of them being incredible offers.
Here are my past articles explaining slow death of Jet Airways
- Jet downgrades entire travel experience.
- Jet Airways removed lounge access domestically and for frequent flyers
- Jet Airways removes meals for everyone except Platinums
- Jet Airways retiring fleet and removing routes
For Platinum Members
Earlier Jet Airways used to consider dietary requirement for passengers. Now they just select an item that they have excess of in their bistro cafe to be served to Platinum members. Your dietary requirement are irrelevant now.
Jet Airways celebrated 25th Anniversary last year. Since the declaration of anniversary year, all the news coming from Jet has been negative. As per various flight datas – Jet Airways is forced to decrease flights as it hasn’t been able to pay to Airline lessors.
Jet Airways had fleet of 119 planes in 2018. Currently 40 of those have been grounded as of today. There are chances that 12 more will be grounded by end of the March as it’s lease for those aircraft is due on 21 March and 28 March, which looks grim that they would be able to pay those leases.
Last March, Jet Airways was flying about 641 flights a day. Currently, as per the Flight Aware, they are flying 330 flights a day. The number is set to decrease as it looks Jet Airways won’t be able to pay it’s Airline Lessors.
Jet’s lessors, including many of the world’s biggest players such as GE Capital Aviation Services (GECAS), Aercap Holdings and BOC Aviation have already taken control of some their planes. They want to take their planes back permanently and end the lease of the aircraft. Once the planes are deregistered, they can be taken out of the country and leased to other airlines.
Initially, Jet Airways was arranging to shift passengers to Vistara and Air India. However, due to unpaid dues, both the airlines have now declined to take Jet’s passenger. Hence, only option is full cancellation and refund of the amount. As airline debt increases, it might be expected that those refund come slower than regular pace which was 7-8 days to maybe 15-16 days. If circumstances worsens, airline might end up not paying refuld all together if you booked with them too far out.
I have previously mentioned, and I would repeat again. Please don’t shore up more JPMiles. Use your available miles with a partner airline till they have partners available.
Already mentioned before
- Adventure of booking with Jet Airways Partners
- Jet Airways chopping relationship with over 11 partners in span of 2 years.
Only recourse Jet Airways has is to get help from outside – which might be a Bank or another airline – for now looks like Etihad Airways. However, Etihad has just posted loss of 1.8 Billion USD for year 2018-19. Which might make it hard for them to infuse more Cash into Jet. Jet is also roughly 1 Billion USD in red causing major upheaval in aviation Industry. They are yet to pays salary of so many of their staffs.