Jet Woos Fliers with Coupon Booklet of Flights at Fixed Price
Mumbai: In a move to attract more corporate travellers to its international network, Jet Airways is selling coupon booklets that will give the customer access to a number of flights at a fixed price.
The Jet Global Pass, the carrier said, enables the customer to hedge against fluctuations in fares. When booked late, the coupon holder gets the benefit of a lower fare than the prevailing price for spot-booking. If booked early, Jet has the advantage of getting higher yields than what it is selling its inventory for at that time. There is no cancellation or rescheduling fee.
Each booklet consists of four coupons. An economy class booklet comes for .₹ 52,000 while one on the business class costs .₹ 1.2 lakh. Two coupons — each worth .₹ 13,000 — would give a one-way economy-class ticket to Dubai, while with three, one could fly to London. A trip to Toronto in the economy class will require the flyer to exchange all four coupons.
“Please remember that the advantage is really big for the lastminute traveller who gets a ticket at a predetermined price when he or she would have to pay a lot more on a spot-booking,” Praveen Iyer, vice president of commercial at Jet Airways, told ET.
The coupons can be used for travel only on flights operated by Jet and not on code-shared operations. The probability of the coupon holder getting a confirmed ticket is up to 90%, even when booked at the last minute, he said. Coupons can be used for six months from purchase. Validity can be extended by three months for a fee.