Mumbai, Jan 5 (UNI) Low cost arm of Jet Airways, Jetlite, will break even by the end of this fiscal, Airline's Chairman Naresh Goyal said today, highighting that the dometic market will continue to remain the core business of the company.
Talking to newsmen after flaging off the Mumbai-Bahrain flight from the Chhatrapati Shivaji International Terminal here Mr Goyal said Jetlite's losses have been ''reduced by 50 percent and we hope to achieve the break-even by March this year.'' Jetlite, erstwhile Air Sahara, was acquired by Mr Goyal for Rs 1,450 crore in April, last year.
''At the time we acquired Air Sahara, 11 out of 24 aircraft were grounded. However, in the last eight months, we have made nine aircraft functional and only two aircraft are grounded,'' he added.
Mr Goyal also said for the better functioning of the two entities, Jet Airways and Jetlite, the enginering department of both the airlines was being integrated into a single entity.
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