The Seychelles national carrier will operate three flights per week on the Seychelles- Mumbai route from December 2, subject to regulatory clearances, the airline said.
They will all be spending two weeks in a Sydney hotel for the mandatory quarantine.
The reduced fare offer is also available for travel on partner airline Etihad Airways flights
But the Abu Dhabi-based airline would first bolster its own network with traffic from India before Jet's turnaround.
Jet Airways, part-owned by Abu Dhabi's Etihad, reported its biggest-ever quarterly loss as costs jumped and it took a charge on its investment in a subsidiary.
Karnik was mandated to oversee commercial and sales functions of the airline. He took over from Hameed Ali, who joined the airline's board.
National carrier Air India became part of the 27-member global airlines grouping Star Alliance, as budget airline AirAsia India launched operations and Tata-SIA joint venture carrier Vistara received the flying permit and announced its intentions to start operations from January 9.
Airline now financially more stable but still in the doldrums as the operating environment remains tough.