Investors’ Meet 20-Nov-2017

Certain statements in this presentation concerning Jet Airways’ future growth prospects are forward-

looking statements, which involve a number of risks, and uncertainties that could cause actual results

to differ materially from those in such forward-looking statements. The risks and uncertainties relating

to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in

earnings, our ability to manage growth, intense competition in the aviation business including those

factors which may affect our cost advantage, wage increases, our ability to attract and retain

professionals, time and cost overruns on various parameters, our ability to manage our international

operations, liability for damages, withdrawal of governmental fiscal incentives, political instability, legal

restrictions on raising capital, and general economic conditions affecting our industry. Jet Airways may,

from time to time, make additional written and oral forward-looking statements, including our reports

to shareholders. Jet Airways does not undertake to update any forward-looking statement that may be

made from time to time by or on behalf of the company.

Disclaimer

Significant Growth Potential for the Indian Travel Industry

India is the Fastest Growing Economy Globally (1)

(GDP CAGR CY15-CY20E in %)

7.3% 6.7%

5.9% 5.6%

2.1%

1.0% 0.8%

Source: (1) EIU. Covers India, Vietnam, Philippines, China, USA, Japan and Brazil, (2) Source: Sabre, HIS Economics, (3) EIU; Per Capita Disposable Income = Total Disposable Income / Total Population, (4) IATA, Airbus, Crisil, DGCA. Notes: FX: USD 1 = INR 66.52

High Growth Air Travel Market (4)

$1,098 $1,179 $1,299

$1,873

$3,065

CY15A CY16E CY17E CY20E CY25E

Increasing Per Capita Disposable Income (3)

(USD per capita)

CAGR: 10.8%

CAGR: 11.3%

Low Per Capita Trips(2)

0.07 0.30

1.21 1.63

0.30

1.09

2.24 2.16

North America

China EU North America

China EU

CY34 Trips Per Capita CY14 Trips Per Capita

54

85

153

FY11 FY16 FY21E

38

55

87

FY11 FY16 FY21E

International Pax Domestic Pax

Our Journey of Transformation and Growth

Transformation

FY15 – FY18

Strategic Growth

FY19 and beyond

Reinvigorate the Brand

Continuous Focus on Cost Reduction

Brand / Product Enhancement

Network Diversification

Asset Utilization

Unit Cost Reduction

Stemming the Losses / Deleveraging Long term sustainable profitability

Win in India

Brand / Product Enhancement

Single Brand

Full service offering across network

Introduced “Guest First” – best in class service to guests

10.0

10.5

11.0

11.5

12.0

12.5

13.0

13.5

14.0

14.5

15.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3(E)

FY15 FY16 FY17 FY18

ASKMs (billion)

Asset Utilization

36 B737 aircraft worth of capacity from Mar 15 to Mar 18

~ 1 a/c worth per month

737 utilization improved from 11.4 hrs to 13.33 hrs

Amongst the Highest in World

42 billion ASKs in FY14 to 53.5 billion ASKs in FY17

~ 10% Capacity growth (CAGR) since March 2014 without significant aircraft addition

Network Diversification

• Domestic Network optimization; redeploying assets

• ~30 % increase in capacity deployment in Domestic market over last 3 years

• Diversified international presence with enhanced Gulf flying

• European Gateway repositioned to Amsterdam

• Deepened co-operation with Partners

• Partners contribute 15% of total passenger feed

Robust Domestic Network with enhanced International options

Unit cost (CASK ex-Fuel) reduction through efficiency

INR INR

0.19

3.37

0.21

3.76 (0.54)

3.22

3.00

3.10

3.20

3.30

3.40

3.50

3.60

3.70

3.80

3.90

4.00

FY15 CASK (ex-fuel) Rupee weakening Inflation FY18 CASK (ex-fuel)derived

Growth Efficiency /CASK recapture

Q1FY18 CASK (ex-fuel)

Stemming the Losses

(5,000)

(4,000)

(3,000)

(2,000)

(1,000)

-

1,000

2,000

FY14 FY15 FY16 FY17

EBT (INR Cr.)

Return to Profitability Continuous Deleveraging

9 continuous profitable quarters

Cash generated from operations utilized to reduce net debt by ~INR 2,850 cr.

5,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

Mar -14 Mar -15 Mar -16 Mar -17

Net Debt (INR cr.)

Our Journey of Transformation and Growth

Transformation

FY15 – FY18

Strategic Growth

FY19 and beyond

Reinvigorate the Brand

Continuous Focus on Cost Reduction

Brand / Product Enhancement

Network Diversification

Asset Utilization

Unit Cost Reduction

Stemming the Losses / Deleveraging Long term sustainable profitability

Win in India

Strategic Growth: Continuous Focus on Cost Reduction

• Maintenance cost reduction from Jan 2019

• Reduction in Cost of Sales and Distribution

• Continuous productivity enhancement

• Densification of B777 from 346 seats to ~ 400 from 2019

Above helps to reduce Non Fuel CASK by 12% - 15%

• 15% fuel efficient B737-Max inductions commencing from June 2018

• 25+ deliveries by March 2020

Strategic Growth: Win in India

Differentiated service offering with unbundled products

Defensible Network with a structure looking beyond Mumbai

Partner in RCS/ UDAN

Higher corporate penetration

Focus to enhance ancillary revenue by ~ INR 250 cr.

Capitalize - constrained assets

Enhance Frequent Flyer Program

Strategic Growth: Reinvigorate the Brand

Increased focus on hospitality, innovation and consistency in service

Significant investment in operational reliability and On Time Performance

Best On-board Guest Experience

Modern fleet with in-seat power and streaming

Refurbish 777 with flagship business class seats

Best in class digital experience

Best Positioned to Leverage the India Aviation Opportunity

Restructured Cost Base

Migration to fuel efficient aircraft

Larger narrow body fleet size

Costs optimization

Diversified Network

Improvements in Domestic-International mix provides competitive advantages

High Customer Retention

Frequent flyer program

Corporate customer base

Two/ three class cabin configuration

Long Term Growth

Potential

Differentiated revenue strategy

Maximize asset utilization

Highly skilled and motivated employees

Significant Partnership

Potential

Partnerships imbibed in growth DNA

21 codeshare partners

107 interline partners

Strong Global Brand

Only Indian amongst Top 200 Most Influential Brands in the World

Competitive Advantages and Executing Strategy…Creating Value for Stakeholders