Jet Airways crisis: Now Naresh Goyal led airline suspends these complimentary services
Cash-starved private carrier Jet Airways has temporarily suspended its complimentary lounge services to JetPrivilege platinum and gold members travelling in economy class, as it battles high operations cost due to increased jet fuel prices and falling rupee.
Mumbai: Cash-starved private carrier Jet Airways has temporarily suspended its complimentary lounge services to JetPrivilege platinum and gold members travelling in economy class, as it battles high operations cost due to increased jet fuel prices and falling rupee. The revised complimentary lounge access policy, which is not applicable for flights operated by its codeshare partner carrier, will come into effect from December 1, Jet Airways said in a communication to customers on its website.
"Effective December 1, we have revised our complimentary lounge access policy for guests travelling in economy. Complimentary lounge access for JetPrivilege platinum and gold members travelling in economy will be temporarily suspended," it said. Queries sent to Jet Airways spokesperson on this issue remained unanswered.
These services, however, will continue to be provided to customers travelling in the first and business class across Jet Airways domestic and international network, the airline said.
The move comes weeks after Travel Food Services (TFS), the firm that operates the lounge at Mumbai airport, discontinued the facility for Jet Airways passengers due to non-payment of dues.
The Naresh Goyal-controlled full service carrier, partially owned by Etihad Airways of Abu Dhabi, has posted a net loss of Rs 1,261 crore in the September quarter, as the tough operating environment for the aviation industry continues to impact.
This was the third successive quarterly loss for Jet Airways, which is struggling to raise capital to keep itself afloat.
"In view of this extremely challenging operating environment, we at Jet Airways have had to take some unprecedented steps," the airline said in the communication.
One such step is suspension of these services for platinum and gold members of JetPrivilege travelling in economy class, it added.
Watch this Zee Business video here:
Last week, airline chief executive officer Vinay Dube had said it was in "active discussion" with various investors to secure sustainable financing to navigate through current headwinds and create long-term growth.
The airline also said in the communication that Silver tier members starting their journey or transiting through Abu Dhabi will not be able to enjoy complimentary lounge access at Abu Dhabi airport.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
05:04 PM IST