Jet Airways receives IATA's IOSA registration

Delhi/Mumbai August 24, 2006: Jet Airways (India) Ltd. has earned the distinction of receiving the IATA Operational Safety Audit (IOSA) Registration. The airline has successfully completed the Operational Safety Audit and has entered into the IOSA Registry www.iata.org/registry.

IOSA is a quality audit programme under the continuing stewardship of IATA (International Air Transport Association). It is a globally recognised and accepted benchmarking and evaluation system for assessing the operational management and control systems of an airline. IOSA uses internationally accepted quality audit principles that ensure the audits are conducted in a standardised and consistent manner. Airlines use IOSA Registration for a variety of benefits, which include improving Safety within the airline, code share facilitation, and audit reduction.

"This is a very important step for Jet Airways, especially with our expanding international operations. We have proven that we have operational safety processes and standards comparable to any of the world's leading airlines, and we welcome the confirmation, by IATA, of our high standard of service. By 2007, all IATA members will need to have completed the IOSA audit in order to achieve or maintain their membership status. In advance of this deadline, Jet Airways is proud to receive this certification," stated Wolfgang Prock-Schauer, Chief Executive Officer, Jet Airways.

With the implementation and international acceptance of IOSA the industry has achieved the benefits of cost-efficiency through a significant reduction in audits. The focus and scope of the IOSA audit is on proper documentation and implementation of standard operating procedures in various operational areas of the airline such as, Flight Operations, Aircraft Engineering and Maintenance, Flight Dispatch, Cabin Operations, Security, Ground Handling and Cargo.

The IOSA Programme is recognised by the member airlines of IATA as a benchmark for airline safety and quality. At present, 107 airlines worldwide have entered into the IOSA Registry.

About Jet Airways (India) Limited

Jet Airways currently operates a fleet of 43 classic and next generation Boeing 737-400/700/800/900 aircraft, 3 Airbus A340-300E, 1 Airbus A330-200 aircraft and 8 modern ATR 72-500 turboprop aircraft. With an average fleet of 5.3 years, the airline has one of the youngest aircraft fleet in the world. Jet Airways' operated over 320 daily flights to 49 destinations that span the length and breadth of India and beyond including Colombo in Sri Lanka, Kathmandu in Nepal, Singapore, Kuala Lumpur in Malaysia and London Heathrow in U.K.