New Delhi, July 15: Premier private domestic carrier Jet Airways, which has already declared its intention to fly on international routes, has targetted a $60 million profit in the next two years by making best use of its available resources and without going in for job cuts. "Our immediate agenda is to achieve a profitability of around $60 million. In the first year we intend to increase our profitability and then expand into international sector if the government allows us to do so," the airline's newly-appointed CEO Wolfgang Prock-Schauer told select journalists on Tuesday.

Taking a cue from his chief Naresh Goyal's announcement that the airline favoured flying to foreign destinations if government permits, he said while only 30 per cent of the bilateral air traffic rights were utilised by public sector carriers Indian Airlines and Air India, there was room for three to four airlines sharing the remaining bilateral rights.

"We want to operate on international routes not in a confrontationist manner (vis-a-vis IA and AI), but want to complement each other," Prock-Schauer, accompanied by the airline's chief operating officer Peter Luethi, said.
Asked whether Jet Airways wanted to sell its stake to public and issue Initial Public Offers (IPOs), the CEO said the carrier would first aim to attain profitability by coming out of the adverse impact of 9/11. "We should be prepared for it and whenever the situation is ready in India, the policies are in place, we would go ahead." Bureau Report