Jet Airways Announces New Acting CEO

Jet Airways ( has announced the appointment of Nikos Kardassis as Acting Chief Executive Officer, effective 15 October 2009. Mr Kardassis replaces Wolfgang Prock-Schauer who has been at the helm of Jet Airways since June 2003.

Mr Kardassis, who served as CEO of Jet Airways from 1994 to 1999, brings a wealth of experience of both the aviation and financial services industries, along with over two decades of extensive leadership and business management skills. Previous roles have included President of GECAT at General Electric as well as Managing Director and Head of Business Development and Distribution at global bank group, Merrill Lynch. Over the past 18 months he has served as Senior Vice President, The Americas Jet Airways, and as Senior Advisor to the Chairman on both finance and strategy. Mr Prock-Schauer will be joining British Midland PLC (bmi) as Chief Executive Officer and will be based in the UK. Jet Airways, India’s premier airline, operates the largest domestic network, flying to 64 domestic and international destinations - currently over 370 flights a day including double daily flights from London Heathrow direct to Mumbai and a daily flight to Delhi. Jet Airways codeshares with Brussels Airlines offering flights from Birmingham and Manchester to its Brussels hub for connecting flights to India and North America. A high-res image of Nikos Kardassis is available on request. - ENDS - About Jet Airways Jet Airways currently operates a fleet of 83 aircraft, which includes 10 Boeing 777-300 ER aircraft, 12 Airbus A330-200 aircraft, 47 next generation Boeing 737-700/800/900 aircraft and 14 modern ATR 72-500 turboprop aircraft. With an average fleet age of 4.57 years, the airline has one of the youngest aircraft fleets in the world. Flights to 64 destinations span the length and breadth of India and beyond, including New York (both JFK and Newark), Toronto, Brussels, London (Heathrow), Hong Kong, Singapore, Kuala Lumpur, Colombo, Bangkok, Kathmandu, Dhaka, Kuwait, Bahrain, Muscat, Doha, Abu Dhabi, Dubai and Jeddah. Jet Airways and its no-frills Economy Class service Jet Airways Konnect together operate over 365 flights daily. About Jet Airways Konnect Jet Airways Konnect is Jet Airways’ no-frills Economy Class service on key domestic routes, designed to meet the needs of the low fare segment. Jet Airways Konnect links five major metros – Mumbai, Delhi, Chennai, Bengaluru and Kolkata – with several destinations across India. Jet Airways Konnect service is available from Mumbai to Bhopal, Udaipur, Ahmedabad, Bhavnagar, Jodhpur, Chennai, Kochi, Vadodara and Jaipur; Delhi to Chennai, Bengaluru, Amritsar and Vadodara; Chennai to Madurai, Kochi, Coimbatore, Hyderabad, Thiruvananthapuram and Bengaluru; Bengaluru to Mumbai, Mangalore, Pune, Hyderabad, Thiruvananthapuram and Kolkata; Kolkata to Jorhat, Agartala and Guwahati; and Hyderabad to Goa, Ahemdabad, Indore, Bhopal and Raipur. Jet Airways Konnect currently operates over 130 flights daily, About JetLite JetLite is a wholly owned subsidiary of Jet Airways India Ltd. and was acquired by Jet Airways in April 2007. Positioned as an all-economy airline, JetLite promises to offer value for money fares. JetLite currently operates a fleet of 23 aircraft, which includes 16 Boeing 737 series and 7 Canadian Regional Jets 200 Series. The airline flies to 28 domestic destinations and 2 international destinations (Kathmandu and Colombo), currently operating 115 flights a day, on average. Jet Airways, with the acquisition of JetLite, and along with its Economy Class Jet Airways Konnect service, today has a combined fleet strength of 109 aircraft and operates over 449 flights daily. Visit for further information. For further information or images please contact Katie Liddell at Keene on 020 7839 2140 or email