Jet Airways Orders 10 Boeing 777-300ERs for $2.53 Billion
Jet Airways signed a firm order for ten Boeing 777-300ERs at $2.53 billion list price, with deliveries from 2007, replacing long-haul flying done on A340s leased from South African Airways. The order underpinned Jet's long-haul strategy across Europe, Asia and eventually the US.
Naresh Goyal just wrote a very large cheque. Jet Airways signed a firm order for ten Boeing 777-300ERs at $2.53 billion list price, with deliveries starting from 2007. Goyal called the jets central to Jet’s “long-haul growth strategy” across Europe, Asia and eventually the US.
Context makes the number bigger. Until now, Jet’s long-haul flying has been done on leased A340s from South African Airways — a domestic champion borrowing someone else’s widebodies to look intercontinental. Ten owned 777-300ERs changes the category Jet competes in entirely.
For JetPrivilege members, this is the order that matters most. It’s what eventually lets JP miles chase redemptions on Jet’s own metal to New York, Toronto and Brussels, instead of borrowed South African Airways tin.
Our take: this is the moment Jet stopped being a domestic airline with ambitions and became a long-haul carrier with a delivery schedule. For miles collectors, own-metal long-haul is the redemption that makes a program worth hoarding.