"There was never a suggestion of Jet Airways having been warned of ever being barred from operating [in Canada] because of one or two illegal passengers on board our flights," said Chandrasekar Bala, general manager, Canada, Jet Airways. He was reacting to a recent front-page report in the Toronto Star.
Panic gripped passengers at the Indira Gandhi international airport on Tuesday after the Jet Airways call centre received threats about bombs in five of its aircraft from New Delhi.
Karnik was mandated to oversee commercial and sales functions of the airline. He took over from Hameed Ali, who joined the airline's board.
The incident took place this Monday, when the aircraft was in over the Iran-Pakistan airspace, and was 2.45 hours away from its destination, an airline source said on Wednesday.
Auditors raise red flags over Jet Air's robust financial status.
Jet Airways -- which has been flying for 25 years - on Friday described reports that the airline cannot fly beyond 60 days as "incorrect and malicious" as well as denied any talks of stake sale.
Sources said Sahara filed a case in the Bombay High Court a few days ago on non-payment of dues. According to sources, Jet was to pay Rs 900 crore to Sahara upfront, while Rs 137.5 crore was to be paid in yearly instalments over four years. Jet defaulted on the yearly instalment, they said. The source added that Jet's payout to Sahara in case of a single year's default could be Rs 550 crore.
Extending its previous day's rally, shares of the company opened on a strong note and further gained 8.78 per cent to Rs 581.85 on the BSE.
Jet Airways, the country's top private carrier, could start its much-awaited US operations from August as the process of getting clearances from American authorities is moving on track.
The card provides customers an opportunity to maximise returns even while shopping for groceries or spending at restaurants.
Jet Airways India, which recently acquired Sahara Airlines, may come out with a public offering in the domestic and/or international markets.
A senior pilot had allegedly slapped a female commander during the flight and following the incident the two were grounded by the airline.
Jet Airways on Monday became the country's first airline to introduce Internet check-in facility for its passengers.
Jet Airways pilots have warned the management of agitation if the airline fails to offer a concrete plan on payment of arrears amounting to Rs 100 crore (Rs 1 billion) by August 20.
Jet said a resolution plan that contemplates various options, including proportion of equity infusion by various stakeholders and the consequent change in the company's board, is being worked out.
A day after Qantas sought to expand its presence in India by code-sharing with Jet Airways, the Singapore-based Jetstar Asia, a regional extension of Qantas, said it is also considering an alliance with the Indian carrier.
State Bank of India on Monday invited bids from strategic as well as financial bidders for stake sale in ailing Jet Airways, and the bids have to be submitted by April 10, said a public notice.
Will Jet Airways benefit by shutting its low-cost carrier in a highly price-conscious market?
The flight to Mumbai was flagged off by the Indian ambassador to Belgium and the European Union Dipak Chatterjee from the Brussels national airport on Monday morning.
Etihad has high hopes from Jet Airways deal in which it bought out majority stake in 2013.
Anita would be additional director in a non-executive and non-independent role.
The company's chief operating officer Capt Hameed Ali will be the acting CEO.
As its promoters finalise a stake sale deal with Gulf carrier Etihad, labour unrest seems to be brewing in Jet Airways with its engineers wearing black bands to protest an alleged move to freeze salary hikes and the pilots deciding to meet on the same issue shortly.
FIIs' stake in Naresh Goyal-owned Jet Airways stood at 7.10 per cent during the three months through September, compared to 6.38 per cent during the first quarter of this financial year.
Kalrock Capital-Murari Lal Jalan combine has emerged as the frontrunner. A consortium of Imperial Capital and FSTC is the other bidder.
Airline pares capacity on routes like Mumbai-Delhi and Mumbai-Bengaluru on weekends, uses freed up slot at Mumbai to fly Amritsar, Patna, Varanasi
Though June-quarter performance was impressive, fuel price hikes and falling demand pose fresh challenges for the company.
This is the third time that the carrier is trimming its workforce. In 2007, the carrier cut staff by1,200 after it took over Air Sahara. In August this year, JetLite offered over 700 employees a voluntary separation scheme. This is the first time that the axe is falling on Jet Airways employees directly.
Old-timers say Jet boss Naresh Goyal, although still razor sharp, doesn't have the same energy he once did and this reflects in his 'baby'.
Jet Airways on Friday said it will raise fares by 10-15 per cent as early as this month to offset rising jet fuel prices -- a decision that possibly stems from confidence about returning passenger demand.
After a meeting of banks on Friday on ways to make funds available immediately, a source in the know said lenders other than SBI and Punjab National Bank had not come on board so far to chip in with their funds.
A Delhi-bound Jet Airways aircraft carrying 139 persons skidded off a runway just before its take off from the Bangladesh capital on Monday, but no one was hurt in the accident.
There is no immediate benefit for shareholders from the Etihad deal.
The lenders are offering 31.2-75 per cent stake in the company on a fully diluted basis.
Financial creditors shall submit their claims with proof by electronic means only, resolution professional Ashish Chhawchharia of Grant Thornton said in a public notice.
A Mangaluru-bound Jet Airways flight with 65 passengers and four crew members on board on Wednesday returned to the Bengaluru airport shortly after departure as smoke was detected in the cabin.
The company will retire part of the debt by way of sale and lease back of some its aircraft.
Saroj Datta speaks about his leaving Jet Airways.
Insolvency appellate tribunal NCLAT on Tuesday upheld the resolution plan of grounded carrier Jet Airways and approved the transfer of its ownership to Jalan Kalrock Consortium. The NCLAT bench has directed the Jet Airways monitoring committee to complete the transfer of ownership within 90 days. Besides, it has also directed the lenders of Jet Airways to adjust the Rs 150 crore paid by the consortium as performance bank guarantee.
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