Jet Airways is a major Indian international airline based in Mumbai. In October 2017, it is the second-largest airline in India after IndiGo with a 17.8% passenger market share. It operates flights to 52 destinations from its main hub at Chhatrapati Shivaji International Airport and secondary hubs at Indira Gandhi International Airport and Kempegowda International Airport. Incorporated in April 1992 as a limited liability company, the airline began operations as an air taxi operator in 1993. It began full-fledged operations in 1995 with international flights added in 2004. The airline went public in 2005 and in 2007, it acquired Air Sahara. It became the largest carrier by passenger market share in the country by 2010, a position it held until 2012. by his children Nivaan Goyal and Namrata Goyal. It started operations as an air taxi operator on 5 May 1993, operating flight 9W321 from Bombay to Ahmedabad. In its first financial year, Jet airways served 12 destinations in India and carried 663,000 passengers and had a 6.6% market share. The airline had a fleet of four Boeing 737-300 aircraft leased from Ansett Worldwide, making it the first operator of the type in the country. By the next year, it was India's second largest private airline, having carried 1.7 million passengers in 1994. The fleet grew to seven aircraft, including three Boeing 737-400 aircraft leased from Malaysian Airlines. It entered into a marketing agreement with KLM the same year. order for four 737-400 and six 737-800 aircraft from Boeing, which were delivered between 1997 and 2000. Jet Airways was the first airline in Southeast Asia to order the 737-800. In the financial year 1996-97, the airline carried 2.4 million passengers and had a marketshare of 20 percent, second highest after state-owned Indian Airlines. By this time, the airline had a fleet of twelve Boeing 737 aircraft, operating 83 daily flights to 23 domestic destinations. In 1997, the Cabinet Committee On Foreign Investment (CCFI) of the Government of India announced that foreign airlines would no longer be permitted to take an equity stake in joint ventures with Indian aviation companies, reversing the Government's earlier policy which had allowed carriers such as Gulf Air, Kuwait Airways and Lufthansa to hold a maximum 40% equity stake in their joint ventures with Indian partners. In October 1997, as per this directive, Naresh Goyal took back control of Trade Winds from its foreign investors. By April 2001, the airline fleet had grown to 30 aircraft and was operating over 195 flights daily to 37 destinations within India. Jet Airways suffered losses for the first time since its establishment in financial year 2001-2002 as demand fell and costs increased. Jet Airways was announced as launch customer for the Embraer 175 at the Farnborough air show in 2002, with an order for 10 aircraft and 10 options worth $520 million. But the deal was postponed due the airline's financial difficulties and eventually fell through. In 2003, the Indian government decided to allow private carriers to operate international services to countries in south Asia, such as Bangladesh, Nepal and Sri Lanka. and Jet began preparations to launch international services. The airline launched its first international flight in March 2004 from Chennai to Colombo.
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