How Jet Airways will compete with the Home grown competition.
 

Jet Airways which is already under huge debt has now new competitors at home, with such a situation what will be the fate of Jet in near future, Though Jet has Etihad's backing but Jet-Etihad relationship has its own dynamics. :E

Jet Airways promoter Naresh Goyal's moment of reckoning - Economic Times

It seems from media reports his strategy seems to be leaning back towards full service and hiving or closing off Konnect. Guess he does not want to get into price war with AA, Indigo and Spice. IMHO a good idea as there is still a vacuum in full service ever since he go detracted from the original path he had chosen.

He also has said 65% of revenue and any profitability comes form International operations so it seems he might also consolidate and concentrate on that

I can agree to that but its LCC market which is expanding,Full service segment is more or less is constant in India.
I think Jet opted for Full service model as it gives better synchronization with its International Model and it partner Etihad