How do we account for aircraft maintenance and repair cost?
Aircraft maintenance, Auxiliary Power Unit (APU) and engine maintenance as well as repair costs are expensed as incurred, except where such overhaul cost in respect of engines/ APU is covered by third party maintenance agreement and these are accounted in accordance therewith
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Who can avail Seat Select free of cost?
Guests travelling in Première and First can avail the Seat Select facility free of cost on eligible Jet Airways flights. For any requests confirmed on or after Aug 17, 2016, eligible JetPrivilege members can enjoy a waiver on the Seat Select charges ...
How safe is the air you breathe in the cabin of the aircraft?
The Environmental Control Systems on all Boeing Aircraft are designed to meet / exceed FAA Requirements and also satisfy all health guidelines set by organizations like OSHA and ACGIH. The cabin ventilation systems provide approximately 50% fresh air ...
How do we account for foreign exchange gains/losses?
Monetary items denominated in foreign currencies at year-end are restated at year-end rates. In case of monetary items that are covered by forward exchange contracts, the difference between the year-end rate and rate on the date of the contract is ...
How do we account for sale and lease-back transactions?
In case of sale of aircraft, the difference between the sale price and the book value of the aircraft is recognised as profit or loss. Such profit on sale of aircraft forms part of ’Non-operating Revenue’ in the Profit/ (Loss) Account. In case of ...
How we account for redemption of frequent flyer miles?
JetPrivilege Miles, which are valid for three years, are accrued in the individual JetPrivilege accounts of the members based on the sectors they have flown on Jet Airways’ network. Provisions are made based on accrued JPMiles (cumulatively for all ...