Value-carrier JetLite, formerly full-service airline Air Sahara, which was bought by Naresh Goyal last year, will offer a voluntary separation scheme to 750 employees who have been with the airline for one year or below, Chief Operating Office Rajiv Gupta confirmed on Friday.
Confirming this, Jet Airways' CEO, Wolfgang Prock-Schaeur, said, "In the process of integrating the airlines, which is a must to keep JetLite afloat, there will be a shift of certain employees from JetLite to Jet and the workforce for both the airlines will be combined."
The downturn in the aviation industry has not discouraged real estate companies, flying academies and large industrial houses from India eyeing private airport development.
UK flag carrier British Airways plans to tie up with an Indian domestic carrier in a franchise partnership.
India will be one of the key centres for design and development of the A350 aircraft, European aircraft manufacturer Airbus' answer to the Boeing 787 Dreamliner.
Low-cost carrier Simplify Deccan will be rebranded Kingfisher Red, a separate brand identity from Vijay Mallya-promoted full-service carrier Kingfisher Airlines.
Private airport developers under the public-private partnership model will not be able to get additional contracts in and around the airport that are part of the original project by merely matching the lowest bidder without participating in the bidding process.
Lower crude oil prices are expected to bring down jet fuel rates by 10 per cent in September, but passengers are unlikely to get the benefit as airlines are reluctant to reduce their fares.
On offer from the beginning of this week, these fares are expected to continue through the rest of the lean season, that is, till the end of September. Customers buying any low-cost carrier ticket on the Mumbai-Delhi route will only have to pay taxes and surcharges that range from Rs 3,400 to Rs 3,600.
Outbound travel from India to the south east Asian destination of Malaysia is expected to see a dip of 20 to 40 per cent with the Malaysian government cancelling the visa-on- arrival facility for Indian travellers, effective August 1.
Aviation turbine fuel prices increased by 34 per cent whereas fares - on an average across the country - shot up by more than 65 per cent. Since fuel accounts for about 45 per cent of the total costs, the actual impact on airlines, in terms of increase in the cost of operation, would have been around 15 per cent. Airlines also cut capacity by 20 per cent during the period.
The Rs 1,808-crore modernisation and expansion plan for Chennai airport, which was recently cleared by the Public Investment Board and expected to begin this September, may not be sufficient to cope with projected growth in passenger traffic.
Vacationers are showing a preference for areas that are near to their cities and preferably, can be reached by car. The areas in demand are hill stations or beaches four-five hours away from a city. For hotels in the vicinity, this is the right time to rake in the moolah. For instance, room rentals at some of the vacation spots near Mumbai have gone up by as much as 30-150 per cent.
Stringent visa procedures, astronomical hotel rates and a scarcity of event tickets have proved a dampener for Indian visitors to the Beijing Olympics, which began today.
The exclusivity clause for closing the deal between private equity investor WL Ross and SpiceJet that ended on July 31 has been extended because the US-based company is re-negotiating with creditors to write down their debt with the low-cost carrier.
Even as Indian carriers are vying for a piece of the international space for better future gains, national carrier Air India has decided to cut down more than 15 of its international flights to destinations like Los Angeles, London, Osaka and Seoul from next month.Sources close to the development said three weekly flights to Los Angeles from various Indian destinations would be taken off the route network.
Indian carriers, which are still reeling under high jet fuel prices, are now seeing red over airports increasing the space rental fees by 50 to 450 per cent. Airport charges account for 12-15 per cent of an airline's costs.
The Competition Commission of India (CCI) is studying whether a particular airline has a dominant market share on various routes or city pairs which might lead to anti-competitive practices.
At a time when crude oil prices are softening internationally, domestic carriers are raising fares by as much as 10 per cent to boost yields and cut losses. The new rates will be effective from August 1.
Number of passengers falls 4 per cent in June for the first time in three years.
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