Jet Airways India : American Express corporate card program

Savings on the cards for small & mid-sized companies with the new Jet Airways American Express® corporate card program

Mumbai, December 10, 2014:

Jet Airways and American Express today announced the launch of the Jet Airways American Express® Corporate Card. The co-branded Card will help small & mid-sized companies and their executives save substantially on business travel and entertainment expenses. In an environment where corporate India is poised for economic expansion and business travel is likely to increase, the Card could be a significant driver of savings, which are earned in the form of JPMiles and corporate rebates on Taj Group of Hotels.

American Express President, South Asia, Sanjay Rishi said, "Many companies may not realize it, but business travel and entertainment are among the top controllable expenses in an organization. This new product in partnership with Jet Airways delivers savings on this key expense line. Since this segment doesn't enjoy bulk deal privileges on airline and hotel spending, the Jet Airways American Express® Corporate Card saves both time and money, allowing companies more time to focus on their core business. This is the only corporate card program in India that offers both company and individual Card members rewards in the form of JPMiles, combined with the convenience of streamlining the way companies manage their business expenses."

Cramer Ball, Chief Executive Officer, Jet Airways said, "Small and Medium Enterprises as a segment play an important role in the growth of any economy with air travel being a key component in facilitating trade and commerce across geographies. Jet Airways, along with its loyalty and rewards program JetPrivilege, has embarked upon a journey to specifically address the business needs of the small and medium enterprises segment by introducing a Co-branded Corporate Card in association with American Express under the Business Rewards+ program powered by JetPrivilege."

The Jet Airways American Express® Corporate Card is the first-of-its-kind in India with benefits to both companies and their employees. Companies earn a share of the JPMiles accrued by their employees on T&E expenses, and incremental JPMiles on reaching various spend thresholds on booking with Jet Airways. Employees earn a welcome bonus of 10,000 JPMiles, 3 JPMiles for every Rs.100 spent on T&E and 6 JPMiles for every Rs.100 spent on jetairways.com for air travel bookings. They also earn 5% discount on revenue tickets booked on www.jetairways.globallinker.com and bonus JPMiles on spends with select partners.

Companies holding the Jet Airways American Express® Corporate Card automatically get enrolled in the new Business Rewards+ program, powered by JetPrivilege. This program allows companies to link their employees to a single Business Rewards+ account so that for all business related expenses undertaken by the company and employees, companies get rewarded with JPMiles. The accumulated JPMiles can then be redeemed for complimentary flight tickets to destinations of choice. The Business Rewards+ program enrollment is currently offered exclusively with the Jet Airways American Express® Corporate Card and is not available as a standalone program.

Manish Dureja, Managing Director, JetPrivilege, said, "At JetPrivilege, we believe that the Small and Medium Enterprises are the backbone of the Indian economy fueling the next wave of growth. Considering the renewed focus of the business potential of this segment in India, JetPrivilege is proud to introduce Business Rewards+, a unique initiative that aims at rewarding Companies owners with JPMiles for all their business travel and entertainment expenses."

¹ Travel & Entertainment (T&E) expenses comprise, amongst other things, expenditure on Air travel, Hotel stays, Restaurant charges & Car rentals.

Companies also gain access to expense management solutions from American Express, including: online tools enabling increased visibility and transparency of T&E expenses, control of expenses by setting monthly spend limits on transactions, flexible billing and options to suit their payment schedules.

The Jet Airways American Express® Corporate Card carries many distinguishing features that set it apart from other payment options, including:

• Welcome Gift of 10,000 JPMiles on every Corporate Card
• 3 JPMiles for every Rs.100 spent on T&E expenses and 6 JPMiles on tickets booked through jetairways.com.
• 75% of the JPMiles earned through the Corporate Card would be credited to the individual JetPrivilege account
• 5% discount on base fare and fuel surcharge for domestic travel and 5% discount on base fare only for international travel when revenue tickets are booked on jetairways.globallinker.com
• Complimentary membership to Priority Pass that offers access to over 700 VIP airport lounges across 400 cities in over 120 countries
• Complimentary Air Accident Insurance of Rs.75 Lakhs and coverage for loss of checked-in baggage, passport, documents and missed flights
• 24x7 assistance for any help required on the Card or for emergency Card replacement in case of loss, theft or damage
• Access to Global Assist for legal or medical emergencies while travelling abroad

• Automatic enrollment in Business Rewards+ Program, powered by JetPrivilege which creates a Company-level JetPrivilege Account; allowing the Company to accumulate JPMiles basis spending done by its employees
• 25% share of employees' JPMiles is automatically credited to the Business Rewards+ Account.
• Incremental JPMiles on spends with Jet Airways
• 15% corporate rebate with Taj Group of Hotels
• Liability options to protect the company and employees
• Extended cash flow of up to 36 credit-free days
• Comprehensive online reporting giving complete visibility and control of all expenses

Note to Editor

About American Express

American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Present in India since 1921, American Express provides high quality travel and payment services to individuals and businesses in India.

Learn more at www.americanexpress.com/india/ and connect www.facebook.com/AmericanExpressIndia.

Key links to products and services: personal charge and credit cards, travel services, gift and prepaid cards, merchant services and corporate services.

About Jet Airways

Jet Airways currently operates a fleet of 115 aircraft, which include 10 Boeing 777-300 ER aircraft, 8 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 75 next generations Boeing 737-700/800/900/900ER aircraft and 15 ATR 72-500 and 3 ATR72-600. With an average fleet age of 5.92 years, the airline has one of the youngest fleet of aircraft in the world. Flights to 75 destinations span the length and breadth of India and beyond, including Abu Dhabi, Bahrain, Bangkok, Brussels, Colombo, Dammam, Dhaka, Doha, Dubai, Ho Chi Minh City, Hong Kong, Jeddah, Kathmandu, Kuwait, London (Heathrow), Muscat, New York (Newark), Paris, Riyadh, Sharjah, Singapore and Toronto.

Jet Airways is a member airline of Etihad Airways Partners

About Jet Privilege Private Ltd.

Jet Privilege Private Limited is a specialized loyalty and rewards management company - a joint venture between Jet Airways and Etihad Airways to develop, manage, operate and market JetPrivilege - an internationally acclaimed, award winning loyalty and rewards programme.

JetPrivilege the proud recipient of the prestigious Freddie Awards in 2012 and 2013 will continue to be a Frequent Flyer and rewards programme with Jet Airways as its key anchor partner - offering exclusive privileges to members when they travel on Jet Airways, Etihad Airways and its tie-ups with other international airlines. The programme offers the unique benefit of accelerating JPMiles accumulation through use of co-branded credit and debit cards, book & stay across domestic and international hotel partners, and various other partnerships with other leading consumer and retail brands across industries like retail, telecom, lifestyle, dining, entertainment to name a few.