In another development, SBI Capital Markets, which had issued the expressions of interest on April 8, extended the deadline for submission of initial bids to April 12.
The consortium of UAE-based businessman Murari Lal Jalan and UK-based private equity fund Kalrock Capital is rushing to restart Jet Airways' operations, even though differences have emerged over who will fund expenses before operations commence, sources said. The airline applied to the Directorate General of Civil Aviation (DGCA) for recertification of its air operator certificate in the last week of January. The regulator is likely to inspect the airline's preparedness to operate a flight in the middle of this month, after which it will be asked to operate a proving flight to demonstrate its ability to conduct flights safely and in accordance with rules.
Airline denies sacking, says it is recruiting to meet its operational needs
No deal has been signed between Air Sahara and Jet Airways, but discussions are on for a strategic alliance between the two private carriers.
Switching to a damage-control mode, bankers and government officials claimed that Jet Airways wouldn't fall even if Etihad refuses to back the resolution plan and exits.
A Dubai-bound Jet Airways flight from Mumbai with 54 passengers and 7 crew onboard was on Thursday diverted to Oman capital Muscat following a bomb threat where it landed safely.
A committee of creditors had, in October, approved of the resolution plan submitted by UAE businessman Murari Lal Jalan and Kalrock Capital.
"Tata Sons board is meeting tomorrow (Friday) to consider the proposal to bid for Jet Airways," people in the know of the development told PTI.
India's top private carrier Jet Airways has reportedly been warned by the Canadian authorities that dozens of their passengers from India are arriving at Toronto's Pearson Airport with fake travel documents.
India will require 1,740 planes over the next 20 years.
In a first code sharing agreement between Indian and Japanese airlines, Jet Airways has partnered Tokyo-based ANA to commence operations on the Mumbai-Tokyo route from next month.Jet Airways, which currently operates a fleet of 81 aircraft, and ANA, which carries 50 million passengers a year, "will commence a code sharing and network-wide reciprocal frequent flier partnership effective May 21, 2008, subject to regulatory approval", an official release said.
Currently bankers are trying to stave off bankruptcy even as media reports said Etihad Airways, which already owns 24 per cent in the airline, has teamed up with the Hindujas to buy the airline.
The Boeing website lists the price of a Boeing 737-800 aircraft at $90.5 million.
A Kathmandu-bound Jet Airways flight with 111 people on board was on Monday halted minutes before take-off from the IGI Airport in New Delhi after a bomb threat.
According to the resolution plan, the airline is planning to start with six to seven aircraft on domestic routes and looking to restart international service within six months of resuming operations.
Extending support to agitating Jet Airways pilots, eight major trade unions have asked the airline management to take back the two pilots it had sacked and recognise the National Aviators Guild, which is spearheading the stir.
According to media reports, Jet Airways had announced a staggering 50-per cent cut in its basic fares across all domestic routes following a dip in the passenger load factor and fuel prices. The cut in basic fares would be applicable to all domestic routes undertaken by Jet and its low-cost arm, JetLite, the reports added.
Silk Air with a score of 54.1 was adjudged the best airline in this category. Air Iceland (51.3), SriLankan Airlines (47.2), and Dragon Air (45.5) were adjudged to be the third, fourth and fifth best carriers in the category.
Jet Airways has convened a board meeting on Friday, May 23, which is expected to consider the future of executive director Saroj K Datta, who, sources said, may exit the airline after May 31. Chairman Naresh Goyal, who was in Mumbai last week, reportedly discussed the issue with Datta, a veteran of over 46 years in the airline industry.
The new service 'Book My Meal', which is available on all of Jet Airways international flights, offers passengers a wide variety of meal options both in vegetarian and non-vegetarian categories.
Jet Airways on Sunday denied having received any ultimatum from pilots that an agitation would be launched if the airline fails to offer by August 20 a time-bound plan to clear arrears stated to about Rs 100 crore (Rs 1 billion).
A Jet Airways Mumbai-Doha flight had a bomb scare on Monday night just a few minutes before the airplane's departure, officials said.
Jet Airways scrip on Thursday ended nearly 11 per cent higher after the company announced plans to sell 24 per cent equity to Etihad Airways for about Rs 2,058 crore.
Jet Airways has placed a $300 million order with US aeroengine major GE for supplying engines to power the Mumbai-based airline's Airbus A 330-200 fleet.
Discounted tickets of Jet Airways are available for sale till Thursday
Jet Airways on Thursday said it would introduce more flights on both its domestic and international networks.
An Alliance Air aircraft on Tuesday suffered "extensive" damage after a Jet Airways tarmac bus ferrying its crew rammed into the vacant stationary plane at the international airport in Kolkata.
Jet's advertising and that of most other airlines has been limited to new routes or promotional fares.
Jet Airways HQ owner wants resolution professional to vacate premises. The licence for occupying the place has been terminated, on account of the airline having not paid the rent after March.
In a path-breaking expansion bid, Jet Airways on Tuesday signed a deal with Airbus to buy ten A 330-200 and A 330-300 aircraft, with options to acquire ten more aircraft.
'Shouldn't the DGCA ensure both safety and convenience of passengers?' 'And convenience has been a casualty as nobody knows which Jet flight would be grounded next, throwing passengers' plans in disarray,' says Nivedita Mookerji.
'Shouldn't the DGCA ensure both safety and convenience of passengers?' 'And convenience has been a casualty as nobody knows which Jet flight would be grounded next, throwing passengers' plans in disarray,' says Nivedita Mookerji.
The move comes a day after an urgent meeting of lenders with Goyal and Etihad Airways chief executive officer Tony Douglas to resolve various issues between the two promoters as well as lenders and Etihad.
Jet Airways is venturing into the loyalty management business.
Etihad earns about 23 per cent of its passenger revenue from code-share and equity partners, and this would increase after its tie-up with Jet.
The airline has paid the TDS but mostly after the scheduled date.
Jet has about 1,200 pilots operating Airbus, Boeing and ATR aircraft.
Rakesh Jhunjhunwala on Friday picked up 1.05 per cent stake in Jet Airways for Rs 50.5 crore.
The Naresh Goyal-promoted private airline, in which UAE national carrier Etihad holds 24 per cent stake, is facing acute cash crunch after posting two back-to back quarterly losses this year.
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