JetLite, which was acquired by Jet Airways for Rs 1,450 crore, is operating three of its seven Canadian-built Bombardier airplanes. JetLite has a total 24 aircraft, including Boeing B737s.
The proposed $400 million rights issue of Naresh Goyal-promoted private airline Jet Airways will hit the capital market by mid-October.
Airline sources said an increase of Rs 600 to Rs 1,000 is necessary for all carriers to become profitable.
The high-profile denizens of Mumbai and other celebrities will soon have a new place to hang out. Planet Hollywood, the US-based theme restaurant, is planning its debut in India by setting up a floating restaurant around the Mumbai harbour.
Air India has positioned its fares on par with airlines offering one-stop services to US.
"Though the management has agreed to pay the pending arrears to ACEU, the other unions have not been paid yet," said a union member.
Three major companies, Japanese giant Toshiba, Canadian major Bombardier and GE, are looking at manufacturing wagons and coaches in the country.
Cochin International Airport may team up with some domestic airlines to launch a budget carrier for the Gulf destinations.
MADC is a special purpose vehicle set up by Maharashtra to execute the multi-modal hub project at Nagpur, which includes an airport and a special economic zone.
The air carrier, which currently operates 47 flights a week, is also planning to tie up with a credit card service provider to integrate the Miles and More programme.
Ratifying the convention would help Indian carriers save over $200 million in aircraft acquisition costs in the short term and over $1 billion in the long term.
Singapore-based PSA International, which operates a container terminal at Tuticorin Port in South India, has reduced its annual handling capacity by 20 per cent on the grounds that its current tariffs are not commercially viable.
Union Civil Aviation Minister Praful Patel's dream to make Indian airports an international aviation hub may have to wait.
Lufthansa's route planning follows the traffic streams from or to India, which will connect Europe and North America, says Werner Heesen, director (South Asia), Lufthansa.
After merging domestic carrier Indian Airlines with itself, state-owned airline Air-India is keen on creating a hub in Germany for wider international presence.
International budget airlines are vying with each other to offer you the cheapest deals.
Lufthansa Technik, a leading aircraft maintenance, repair and overhaul major, is also planning to set up a regional component pool in India to support the existing customers.
Jet is believed to be in talks with leading private equity players.
The estimated value of these two firms is around Rs 200 crore.
JetLite is the new brand name of Lucknow-based airline Air Sahara after Jet Airways acquired it for Rs 1,450 crore in April this year.
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