Incorporated in April 1992 as a limited liability company, the airline began operations as an air taxi operator in 1993. It began full-fledged operations in 1995 with international flights added in 2004. The airline went public in 2005 and in 2007, it acquired Air Sahara. It became the largest carrier in the country by 2010 before being eclipsed by IndiGo in 2012.

Jet Airways was incorporated as a limited liability company on 1 April 1992. It started operations as an air taxi operator on 5 May 1993 with a fleet of four leased Boeing 737-300 aircraft. The airline was granted a scheduled airline status on 14 January 1995. On 12 May 1994, all the shares were transferred to Tailwinds International, whose equity capital was held by Naresh Goyal (60%), Gulf Air (20%) and Kuwait Airways (20%). In October 1997, as per the directive of Ministry of Civil Aviation forbidding foreign investment in passenger airlines, Goyal took control of the entire company. The airline launched its first international flight in March 2004 from Chennai and Colombo. The company was listed on the and became public on 28 December 2004, with Goyal retaining 51% ownership of the stock.

...
Wikipedia