CAPITAL OF JET AIRWAYS UNDER THE GUIDANCE OF FACULTY DEEPIKA SINGH -SUBMITTED BY NIPUNIKA.S 1221552 COMPANY PROFILE * Jet Airways is the second largest Indian airline in terms of market share and passengers carried. It is based in Mumbai‚ Maharashtra. * The founder and the chairman of the company is Naresh Goyal. Mr. Nikos Kardassis is the CEO of the company. * The company operates over 400 flights on an everyday basis to 70+ destinations around the world. Jet Airways has its
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Managerial Economics Project Report: Jet Airways PROJECT REPORT Roll no.12: Mugdha Dhupkar Roll no.23: Vrushali Keer Roll no.26: Sana Khan Roll no.27: Vipul Khatu Roll no.30: Shaun Machado Roll no.44: Mariza Pereira Page 1 of 27 Managerial Economics Project Report: Jet Airways Sr. No. Topic Pg. No. 1 Acknowledgement 1 2 Introduction to Jet Airways 3 3 Corporate Objectives 11 4 Growing Market Potential 12 5 Survival Strategy 13 6 Analysis Of company Finances 15 7 Current
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Jet Airways IntroductionJet Airways is one of India�s premier private airlines. It was incorporated as an �air taxi� operator on April 1‚ 1992. Jet Airways started its commercial airline operations on 5 May 1993 with a fleet of four leased Boeing 737-300 aircrafts and 24 daily flights serving 12 destinations. In January 1994 a change in the law enabled Jet Airways to apply for scheduled airline status‚ which was granted on 4 January 1995. It began international operations to Sri Lanka in March 2004
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The Case of Jet Airways Jet Airways: Background Jet Airways (India) Private Limited was a reputed private airline in India having an average fleet age of 4.45 years. Jet Airways covers 63 destinations spanning the length and breadth of India and beyond‚ including New York (both JFK and Newark)‚ Toronto‚ Brussels‚ London (Heathrow)‚ Singapore‚ Hong Kong‚ Kuala Lumpur‚ Colombo‚ Bangkok‚ Katmandu‚ Dhaka‚ Kuwait‚ Bahrain‚ Muscat‚ Doha‚ Riyadh‚ Jeddah‚ Abu Dhabi and Dubai. The Airline carried
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Why did Jet Airways announce retrenchment? The announcement was done due to rise in aviation fuel. Jet Airways thought through retrenchment the expenditure can be controlled which was going high due to fuel prices. What was the immediate reaction in the environment? Employees were protesting as they were with no job. By seeing the employees of Jet in such a situation‚ political parties supported them. Due to this government was forced to rethink on the hike of the prices and as well as
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Introduction Market segmentation is a market orientated approach of identifying and satisfying the diverse needs of consumers. The total market is divided into similar segments of people who have similar needs‚ it can be referred to as an approach that subdivides a market along some commonalities or kingship (i.e.) the members of a market segment share something in common. Because Spar falls under the South African food market‚ their approach would be to satisfy the Segmentation variables spar can
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SEGMENTATION – TARGETING – POSITIONING Fragmentation of mass markets segments Consumers: variety of needs & preferences Marketers: offer variety of choices via multitude of marketing offerings Marketing segmentation: Needs Action Linking market needs to an org’s marketing program Market needs Segmentation/Targeting MM A market segment: Group of consumers with homogenous profile & common needs will similarly respond to a marketing program Segmentation – targeting – positioning 1
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1. Identify several major categories of segmentation used by Marroitt. Marriott decided to enhance travelers’ value by segmenting the market and then targeting selected segments‚ each with a different brand. Then as now‚ Marriott was the flagship brand. Each new brand would support Marriott’s overall brand identity — a commitment to superior customer service — and train employees to have a passion for service. Marriott’s flagship brand continues to target customers needing fine restaurants
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Table of Contents Market Segmentation and Product Positioning 2 1.1. Introduction 2 1.2. Product the company will offer 2 1.2.1. Motorcycle industry an overview 2 1.2.2.Motorcycle industry in US an overview 3 1.3.Marketing Objectives of the Motorcycle Company: 4 1.4.Primary Characteristics of the Motorcycle 4 1.5.Branding Strategy 5 1.6.Product Positioning: 6 1.6.1.Short-run Strategy: 6 1.6.2.Longer-Run Strategies 6
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INTRODUCTION Segmentation‚ targeting‚ and positioning strategy are important because it provides the information the business needed about the market and the consumers out there. By segmenting the market‚ the company can know about what each market segment needs and wants. Then they analyze whether the company’s resources are enough to meet those needs and wants. Resources are limited‚ and this will help the company to carefully target to the right market segment. Positioning helps the company to
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