Backed by Etihad, Jet Airways to turn profitable

Jet Airways, India's second-biggest carrier, forecasts a return to profit in three years through cost-cuts, route-sharing with new partner Etihad Airways and restructuring of hefty debt.
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India's Jet airways chairman Naresh Goyal (R) speaks as James Hogan, chief executive officer of Etihad Airways, watches during a news conference in Mumbai on August 11, 2014. Jet Airways, India's second-biggest carrier, forecast on July 23 a return to profit in three years through cost-cuts, route-sharing with new partner Etihad Airways and restructuring of hefty debt. (AFP/Getty Images)
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India's Jet airways chairman Naresh Goyal (R) speaks with James Hogan, chief executive officer of Etihad Airways during a news conference in Mumbai on August 11, 2014. Jet Airways, India's second-biggest carrier, forecast on July 23 a return to profit in three years through cost-cuts, route-sharing with new partner Etihad Airways and restructuring of hefty debt. (AFP/Getty Images)
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India's Jet airways chairman Naresh Goyal (R) speaks with James Hogan, chief executive officer of Etihad Airways during a news conference in Mumbai on August 11, 2014. Jet Airways, India's second-biggest carrier, forecast on July 23 a return to profit in three years through cost-cuts, route-sharing with new partner Etihad Airways and restructuring of hefty debt. (AFP/Getty Images)
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Hyderabad International Airport CEO P. Sripathy and Etihad Airways Sales Vice-President Adrian Parkes give a press conference in Hyderabad on November 12, 2009. The United Arab Emirates (UAE) national airline has launched four flights a week between Abu Dhabi and Hyderabad, the capital of southern Indian state Andhra Pradesh. (AFP/Getty Images)
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In this photograph taken on June 10, 2008, India's Jet airways chairman Naresh Goyal (L) and Etihad Airways CEO James Hogan (R) pose at a joint press conference in Mumbai. India's biggest private airline Jet Airways, which is in final talks for a stake sale to Abu Dhabi-based Etihad Airways, on February 1, 2013 swung into a quarterly net profit from a net loss a year ago. Etihad is likely to pick up a stake in Jet, which would be the first in India's aviation sector, after the government in September said it allowed overseas airlines to take up to a 49 percent stake in domestic operators. (AFP/Getty Images)
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India's leading private sector airline Jet airways chairman Naresh Goyal (L) along with James Hogan (R) chief executive officer of Etihad Airways addresses a joint press conference in Mumbai on June 10, 2008. The airlines announced a new code sharing agreement and network-wide frequent flyer partnership between them. Passengers would get a multiple choice of flights and frequent flyer benefits through the tie-up. Jet Airways, operates with a fleet of 84 aircraft which fly to 60 destinations and Etihad Airways has 37 aircraft, which fly across 45 destinations. (AFP/Getty Images)