The proposal is, however, subjected to regulatory approvals, including those from the Foreign Investment Promotion Board and the Reserve Bank of India, Jet Airways said in a notice to its share holders ahead of the company annual general meeting scheduled early next month.
The Naresh Goyal-owned airline would be the second domestic carrier to foray into the aviation education segment after Kingfisher started a similar training institution in 2007.
The proposed academy would be based in Mumbai and offer certificate courses in in-flight services, ticket reservation and check-in services, according to a brochure brought out for the institute.
The move to set up a training acedemy and marketing services centres is aimed at boosting the Jet group's revenue through ancillary activities at a time when high taxes and jet fuel prices are resulting in mounting losses of the domestic carriers, a source said.