Indian airline hints at flights to SA

INDIA’S JET Airways is
planning dedicated cargo
flights into Durban and
Johannesburg following
the conclusion of a
US$400m (R2.8bn) capex
drive expected by the end
of the year.
In a statement issued
in New Delhi last week,
Jet chairman Naresh Goyal
outlined expansion plans
following a move earlier
this year that saw staterun
rival Air India launch
a dedicated cargo service.
This was part of a revival
plan involving a merger
with Indian Airlines aimed
at recovering market share
from Jet.
“We plan to serve 50
points in Europe.
We are also looking at
Iran and Tel Aviv and
examining the possibility
of connecting Tel Aviv
with the US. Besides, we
plan to fly to Durban and
Johannesburg in South
Africa,” he said.
The airline is waiting for
the right market conditions
before it goes ahead with
its plan to raise R2.8bn by
selling shares to existing
shareholders, according to
Goyal.