Private carrier Jet Airways today said it has expanded its codeshare pact with Italian airline Alitalia, which offers passengers of the two carriers enhanced network connectivity across cities of the two countries.
The new code-share flights are on sale from July 1, for travel starting from July 5, Jet Airways said in a release.
Codeshare is a commercial agreement between two or more airlines that share the same flight, with all partners able to sell seats on that flight.
As part of the expanded codeshare agreement, while the Jet Airways passengers will get seamless connectivity to Italy from Mumbai, Delhi, Kochi, Amritsar, Bangalore, Chennai, Kolkata and Udaipur, the Alitalia passenger can fly directly to India from Rome, Venice, Naples, Turin, Florench, Verona and Bologna, the release said.
"Thanks to the expanded codeshare agreement, we are able to offer our guests a wider access, unmatched connectivity and seamless travel to Italy's top destinations. The agreement with Alitalia is a further step in Jet Airways' strategy of growing on the global marketplace," Jet Airways Senior Vice President (Commercial) Gaurang Shetty said in the release.
Alitalia too said that its enhanced codeshare agreement with Jet Airways will certainly strengthen its role in the development of traffic flows between Italy and India.
"We look forward to expanding the codeshare agreement with Jet Airways, which is, for Alitalia, an important partner for reaching India," Alitalia's Business Deputy General Director Giancarlo Schisano said.
Following the partnership, Jet Airways will place its marketing code on the Alitalia operated flights between Abu Dhabi and Rome and beyond to Bologna, Florence, Naples, Turin, Venice and Verona in Italy.
Similarly, Alitalia will place its code on Jet Airways flights operated between Abu Dhabi and Delhi, Mumbai and Kochi. Alitalia will also place its code on Jet Airways' flights beyond Mumbai and Delhi to Amritsar, Bengaluru, Chennai, Kolkata and Udaipur, Jet Airways said.
Jet Airways stock price
On July 03, 2014, Jet Airways closed at Rs 267.85, up Rs 7.10, or 2.72 percent. The 52-week high of the share was Rs 459.70 and the 52-week low was Rs 210.25.
The latest book value of the company is Rs -27.75 per share. At current value, the price-to-book value of the company was -9.65.
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