The airline notification to an exchange does not name the shareholder. It said the fund-raising would be subject to regulatory and corporate approvals.
'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 Air India board has cleared a proposal for sending its pilots on deputation to its budget arm, Air India Express, which has been facing shortage of commanders for some time now.
The next FIPB meeting slated for July 5, however, does not have a Jet proposal on its agenda.
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Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) said 80,179 Indian nationals stayed in the city's hotels from January until the end of June, registering a 22 per cent rise on last year.
The United States and the United Kingdom, citing terrorism concerns, on Tuesday barred passengers on some international flights from mostly Muslim-majority countries, from carrying large electronic devices like cameras and laptops as cabin baggage.
'The airline business is very dynamic. If you are unable to keep up and lead, you end up last.' 'This is what has happened to Jet.'
Air India is keen to raise working capital by selling aircraft.
Finalisation of the date for joining the elite club will be decided only by Air India, Star Alliance vice-president for corporate office, Christian Klick, told reporters here during a media interaction.
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
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 proposal will now be considered by the Cabinet Committee on Economic Affairs.
Though public shareholding in Jet is already down to the mandated 25 per cent, the regulator wants its promoters to pare their stake further.
Jet Airways (India) Ltd has defaulted on lease rentals of its Boeing 737s, highlighting the financial difficulties faced by the airline.
The airline has failed to address fliers' fears and has been opaque about the allegations of tax and financial fraud, giving rise to apprehension that Jet Airways may be headed the Kingfisher way.
Changes being driven by Etihad, says a source, after a V-P quits
Private carrier Jet Airways is re-working a comprehensive profitability plan sought by its foreign partner Etihad Airways, which completed a 24 per cent stake purchase in the Naresh Goyal-led carrier recently.
In the India-US sector, for instance, Air India operates 15 stopover flights between Mumbai and Chicago, and Mumbai and New York
After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received.
Experts said the risks associated with the Indian Experts say that aviation sector would keep investors away from airline stocks.
Sale of wide-body aircraft will not affect internatinal flights, says Jet
The company has finalised a three year business plan to increase revenue and control costs.
Air India's decision to buy five Boeing 787-9 is illogical.
The move is likely to impact Jet's operations out of Belgium and India.
Merrill Lynch jumps to first from 7th last year in a smaller market; says its focus is larger deals and clients.
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'.
The broader markets ended firm with mid-caps and small-caps gaining nearly 0.5 per cent on the BSE.
Defending its decision to raise the number of seats under the India-United Arab Emirates (UAE) air services pact, the Civil Aviation Ministry, in a note to the Cabinet Secretariat and key ministries, has said no additional points of call have been allowed to the Gulf country.
The Jet Airways of old is no more and the industry mourns its demise. Anjuli Bhargava reports.
Current FDI norms allow a foreign airline to hold up to 49 per cent in a domestic carrier.
Regulator believes Jet Airways deal triggers open offer
Jet Airways (India) Ltd hopes to minimise the impact of a sharp rupee depreciation by growing its international network over the next few months.
Jet's advertising and that of most other airlines has been limited to new routes or promotional fares.
Members of Parliament (MPs) across the political spectrum have written to the Prime Minister's Office (PMO) and the Central Vigilance Commission (CVC), seeking a probe into a stake sale deal between Jet Airways (India) Ltd and Gulf-based carrier Etihad Airways.
Konnect to be phased out as airline struggles to contain losses.
Asian and Middle Eastern airlines -- but no Indian names -- dominated the Top 10 slots at the World Airline Awards.
The world's 10 longest non-stop flights criss-cross the world, cutting down travel time and making journeys easier and comfortable.
Concerns over effective control not addressed in the second revised shareholders' agreement, says DIPP; Sebi opposes commercial cooperation pact
After four-odd years of focusing on reducing debt, the series of deals with Etihad could finally get it out of the spiral.
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