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MakeMyTrip.com and Jet Airways Announce the Launch of the 'Fly High' Campaign - Visa Platinum and Gold cardholders who book their Jet Airways tickets online at makemytrip.com receive added benefits
MakeMyTrip.com and Jet Airways Announce the Launch of the 'Fly High' Campaign

 

NewswireToday - /newswire/ - Delhi, New Delhi, India, 2006/12/18 - Visa Platinum and Gold cardholders who book their Jet Airways tickets online at makemytrip.com receive added benefits.

   
 
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Visa International, MakeMyTrip.com and Jet Airways today announced the launch of the Fly High with Visa offer which provides Visa Platinum and Gold cardholders who book their Jet Airways tickets online at MakeMyTrip.com can enjoy the added benefit of a cash back offer.

Cardholders can book their Jet Airways tickets online and pay with their Visa Platinum or Gold cards to avail of 15 percent cash back on Visa Platinum and 10 percent cash back on Visa Gold cards. This unique offer is available up to May 31, 2007.

Cardholders can now enjoy this additional benefit with their premium payment products and take advantage of this fabulous offer every time they fly Jet Airways and book their tickets online at MakeMyTrip.com – on every ticket that they book, as many times as they travel, across any domestic sector that Jet Airways flies to and without any limit to the ticket amount.

Commenting on the offer, Santanu Mukherjee, Country Manager – South Asia, Visa International Asia Pacific said, “Visa is deeply committed to providing cardholders with maximum benefits and privileges. Through this offer, Visa Platinum and Gold cardholders enjoy even more advantages every time they make use of their card. We are proud to partner with two leading players in the industry - MakeMyTrip.com and Jet Airways to extend this offer to our cardholders, who will truly be able to experience the additional privileges of owning a premium Visa product.”

Keyur Joshi, Co-founder & COO, MakeMyTrip.com said, “MakeMyTrip has been a pioneer in offering cash-back on air tickets and we are delighted to partner with Visa and Jet Airways to offer this cash-back for Visa Platinum and Gold cardholders. We are certain that Visa cardholders will see immense value in this proposition and we hope to bring similar offers to the fore in future.”

Gaurang Shetty – Vice President, Marketing Jet Airways said “The online retail market is growing at a phenomenal pace in the country and being a leader we need to innovate and distribute products through this new emerging channel and we are very happy to announce this promotion with Make My trip.com and Visa which will cater to value conscious netizens”.

About Visa
Visa connects cardholders, merchants and financial institutions through the world’s largest electronic payments network. Visa products allow buyers and sellers to conduct commerce with ease and confidence in both the physical and virtual worlds. Visa is committed to the sustained growth of electronic payment systems to support the needs of all stakeholders and to drive economic growth.

Visa products currently generate more than $4 trillion in sales volume worldwide. Visa has unsurpassed acceptance at more than 24 million locations worldwide, including one million ATMs.

About Visa Asia Pacific
In Asia Pacific, Visa has a greater market share than all other payment card brands combined with 62 percent of all card purchases at the point of sale being made using Visa cards. There are currently 300 million Visa-branded cards in the region. For the 12 months ended June 2006, US$620 billion was spent at point of sale or withdrawn from ATMs in Asia Pacific using Visa cards.

About MakeMyTrip India
The India business of MakeMyTrip was launched in September 2005. As the first and only comprehensive online travel site with real time booking for flights, hotels, holidays and cars, MakeMyTrip.com is heralding a revolution in the way travel will be bought in India.

Within a year of its launch MakeMyTrip has acquired over 200,000 delighted customers and sells over 3000 flight tickets, 200 hotel room nights and over 50 holiday packages every day. The site attracts over 1 Million unique visitors every month according to WebSideStory, HBx Analytics, an independent traffic-monitoring agency.

Headquartered at New Delhi, MakeMyTrip has projected a turnover of Rs 550 crores (USD 120 Millions) in current fiscal, which is a 100% growth from last year’s registered sales of Rs 200 crores (USD 42 Million). They are also all set to acquire 500,000 customers by March, 2007. MakeMyTrip.com has over 450 employees on board and offers 24x7 customer service.

About MakeMyTrip US: MakeMyTrip.com was launched in 2000 to cater to the niche USA to India travel market. Since its inception, it has been growing at a fast pace to emerge as the foremost travel website in the US to India market. MakeMyTrip.com has 3.5 % share of this NRI market, which is pegged at Rs 4500 crore (USD 1 Billion).

With over 100,000 customers and 130,000 registered users in the US, MakeMyTrip has a renewal rate of 30%. NRI's can book tickets to India online or call our Travel consultants who are available 24x7 on US toll free 1800-India-10. The unprecedented growth rate, superior technology, excellent customer service and over three years of profitable operations, has established MakeMyTrip as the number one destination for NRI's when looking to book travel to India.

Outside of India, MakeMyTrip offices are located in New York and Sydney.

About Jet Airways: Jet Airways currently operates a fleet of 46 classic and next generation Boeing 737-400/700/800/900 aircraft, 3 Airbus A340-300E aircraft, 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’ operates over 330 daily flights to 49 destinations that span the length and breadth of India and beyond including London Heathrow in U.K., Singapore, Kuala Lumpur in Malaysia, Colombo in Sri Lanka, and Kathmandu in Nepal. Jet Airways will very soon add Bangkok into the list of international destinations.

Media Contact for Visa
R&PM:Edelman (Mumbai)
Melanie D’sa
T: +91 22 22810168-72 / F: +91 22 2281 0151
E: melanie.dsa[.]edelman.com.

MakeMyTrip.com
Gayatri Buddha
T: +91 11 43235147 - E: gayatri.buddha[.]makemytrip.com

 
 
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MakeMyTrip.com and Jet Airways Announce the Launch of the 'Fly High' Campaign

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Publisher Contact: Arun Mathews - MakeMyTrip.com 
arun.mathews[.]makemytrip.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Make My Trip securities in any jurisdiction including any other companies listed or named in this release.

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