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Jet to stop low-cost services, to merge them with parent
August 12, 2014
Jet Airways, which reported Rs 217 crore net loss in the June quarter, today said it will be exiting low-cost services and will merge its two no-frills brands with parent full service carrier.
"By the end of this year, there will be no JetLite and Jet Konnect brands and all the aircraft will have business class and economy class seats," group chairman Naresh Goyal told reporters after the company's AGM here today.