Jet Airways.

The airline was granted a scheduled airline status on 14 January 1995.It entered into a marketing agreement withKLMthe same year.In 1996, the airline placed a $375million order for four 737-400 and six 737-800 aircraft from Boeing,which were delivered between 1997 and 2000. Jet Airways was the first airline in Southeast Asia to order the 737-800. In the financial year 1996–97, the airline carried 2.4million passengers and had a marketshare of 20 percent, second highest after state-ownedIndian Airlines. By this time, the airline had a fleet of twelve Boeing 737 aircraft, operating 83 daily flights to 23 domestic destinations.In 1997, the Cabinet Committee on Foreign Investment (CCFI) of the Government of India announced that foreign airlines would no longer be permitted to take an equity stake in joint ventures with Indian aviation companies, reversing the Government's earlier policy which had allowed carriers such as Gulf Air, Kuwait Airways andLufthansato hold a maximum 40% equity stake in their joint ventures with Indian partners.In October 1997, as per this directive, Naresh Goyal took back control of Trade Winds from its foreign investors.

At theParis Air Showin June 1999, Jet Airways announced an order worth approximately $550million for ten Boeing 737-800 aircraft. The airline purchased its first Boeing 737-400 simulator fromCAE Incin 2001. By April 2001, the airline fleet had grown to 30 aircraft and was operating over 195 flights daily to 37 destinations within India.Jet Airways suffered losses for the first time since its establishment in financial year 2001–2002 as demand fell and costs increased. Jet Airways was announced as launch customer for the Emrairer 175at theThe airline was granted a scheduled airline status on 14 January 1995. It entered into a marketing agreement with KLM the same year. In 1996, the airline placed a $375 million order for four 737-400 and six 737-800 aircraft from Boeing, which were delivered between 1997 and 2000. Jet Airways was the first airline in Southeast Asia to order the 737-800. In the financial year 1996–97, the airline carried 2.4 million passengers and had a marketshare of 20 percent, second highest after state-owned Indian Airlines. By this time, the airline had a fleet of twelve Boeing 737 aircraft, operating 83 daily flights to 23 domestic destinations. In 1997, the Cabinet Committee on Foreign Investment (CCFI) of the Government of India announced that foreign airlines would no longer be permitted to take an equity stake in joint ventures with Indian aviation companies, reversing the Government's earlier policy which had allowed carriers such as Gulf Air, Kuwait Airways and Lufthansa to hold a maximum 40% equity stake in their joint ventures with Indian partners. In October 1997, as per this directive, Naresh Goyal took back control of Trade Winds from its foreign investors.

At the Paris Air Show in June 1999, Jet Airways announced an order worth approximately $550 million for ten Boeing 737-800 aircraft. The airline purchased its first Boeing 737-400 simulator from CAE Inc. in 2001. By April 2001, the airline fleet had grown to 30 aircraft and was operating over 195 flights daily to 37 destinations within India. Jet Airways suffered losses for the first time since its establishment in financial year 2001–2002 as demand fell and costs increased. Jet Airways was announced as launch customer for the Embraer 175 at the Farnborough air show in 2002, with an order for 10 aircraft and 10 options worth $520 million. But the deal was postponed due the airline's financial difficulties and eventually fell through. In 2003, the Indian government decided to allow private carriers to operate international services to countries in south Asia, such as Bangladesh, Nepal and Sri Lanka and Jet began preparations to launch international services. The airline launched its first international flight in March 2004 from Chennai to Colombo.

Jet Airways was listed on the Bombay Stock Exchange and became public company on 28 December 2004. After the Government lifted the foreign ownership limits on Indian airlines to 49% from the previous 40%, the airline moved to raise funds via an IPO. The company's IPO in February 2005, which offered 20% of the airline's stock, saw strong interest from investors leading to oversubscription in retail, non-institutional and institutional tranches and raised Rs 18.9 billion, instantly making Naresh Goyal a paper billionaire. Towards the end of 2004, the government had announced that privately owned scheduled carriers meeting certain criteria could operate to all countries apart from those in the Middle East. Then in January 2005, the Ministry of Civil Aviation granted rights to Jet Airways to operate services to London Heathrow. The airline started its first international, long-haul flight to London in May 2005 with two-class Airbus A340-300s sub-leased from South African Airways.In 2002,with an order for 10 aircraft and 10 optionsworth $520million. But the deal was postponed due the airline's financial difficulties and eventually fell through.In 2003, the Indian government decided to allow private carriers to operate international services to countries in south Asia, such as Bangladesh, Nepal and Sri Lankaand Jet began preparations to launch international services.The airline launched its first international flight in March 2004 fromJet Airways was listed on the Bombay Stock Exchange and became public company on 28 December 2004.[7] After the Government lifted the foreign ownership limits on Indian airlines to 49% from the previous 40%, the airline moved to raise funds via an IPO.[29] The company's IPO in February 2005, which offered 20% of the airline's stock, saw strong interest from investors leading to oversubscription in retail, non-institutional and institutional tranches[30] and raised Rs 18.9 billion, instantly making Naresh Goyal a paper billionaire.[31] Towards the end of 2004, the government had announced that privately owned scheduled carriers meeting certain criteria could operate to all countries apart from those in the Middle East.[32] Then in January 2005, the Ministry of Civil Aviation granted rights to Jet Airways to operate services to London Heathrow.[32] The airline started its first international, long-haul flight to London in May 2005[33] with two-class Airbus A340-300s sub-leased from South African Airways.[34]