Jet Airways was incorporated as an "air taxi" operator on 1 April 1992. It started commercial airline operations on 5 May 1993 with a fleet of 4 Boeing 737-300 aircraft [2], with 24 daily flights serving 12 destinations.

In 1991, the late P.V. Narasimha Rao, Prime Minister of India at the time, introduced an "open skies" policy as part of India's economic liberalisation. This opened doors for privately owned "air taxi" operators to start scheduled services. Initially these "air taxis" were not allowed to publish their schedules thus putting them at a considerable economic disadvantage vis-a-vis Indian Airlines, then the monopoly provider of all domestic air transport in India.

Naresh Goyal, who already owned Jetair (Private) Limited (which provided sales and marketing for foreign airlines in India) took advantage of this opportunity by setting up Jet Airways as a full-service scheduled airline that would give competition to state-owned Indian Airlines. Indian Airlines had enjoyed a monopoly in the domestic market between 1953, when all major Indian air transport providers were nationalised under the Air Corporations Act (1953), and January 1994, when the Air Corporations Act was repealed, following which Jet Airways received scheduled airline status.

Jet Airways 45 destinations include most of the big cities in India. International destinations include Kathmandu, Colombo, Singapore, Kuala Lumpur and London's Heathrow Airport and will soon start serving Bangkok, Brussels and Newark. Jet Airways was the first private airline in India to fly to international destinations. It started international operations in March 2004 between Chennai and Colombo after it had been cleared by the Government of India to operate scheduled services to international destinations.

Subsequently, a second route linking Mumbai with Colombo and a new route between Delhi and Kathmandu were added. The latter commenced in May 2004. On December 29, 2004 the Government of India decided in principle to permit privately owned Indian carriers to operate scheduled air services to any international destination world-wide (outside of Pakistan) with the exception of the Gulf countries, i.e. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.

Another effect of this stipulation was that, apart from Jet Airways itself, Air Sahara was the only other privately owned Indian carrier permitted to operate international scheduled services.

Jet Airways sought to take maximum advantage of this ruling by adding new international scheduled routes to destinations within the commercially viable flying range of its growing fleet of "Next Generation" Boeing 737-700/800 series narrowbodied jets, such as Singapore and Kuala Lumpur.

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Jet Airways is one of India’s premier private airlines. It was incorporated as an ‘air taxi’ operator. Jet Airways Konnect is Jet Airways’ all-economy no-frills service on key domestic routes, currently linking Mumbai, Delhi, Chennai, Bengaluru and Kolkata with several destinations across India.

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