The airlines were penalised for 'concerted action in fixing and revising Fuel Surcharge (FSC) for transporting cargo.'
At the end of September quarter, Tail Winds held 68,15,843 shares, equivalent to 7.89 per cent holding, of Jet Airways.
Oriental Insurance Company Ltd hopes to bag the Air Sahara insurance business after its merger with Jet Airways.
Jet Airways Chairman Naresh Goyal will purchase over one per cent stake in the airline from another promoter entity, Tail Winds, for up to Rs 45 crore (Rs 450 million).
These additional flights will complement the daily flight being operated between the two destinations by the airline, according to a press release.
The Air India plane had been cleared to land at the runway by the ATC, while at the same time a Jet Airways flight was also preparing to take off from the same airstrip.
Currently, Vistara has more than 22 planes and operates around 850 flights every week.
Get special international return fares on Jet Airways, Air India and Kuwait Airways.
JetLite was created in 2007, following the takeover of Air Sahara in April 2007.
Rakesh Jhunjhunwala-backed new airline Akasa is in talks with US aerospace company Boeing for buying up to 100 737 Max aircraft. Former Jet Airways CEO Vinay Dube and his family members are promoters while ex-IndiGo president Aditya Ghosh is a board member of the airline. The airline is in negotiation with Boeing and has reached out to the government to recertify the aircraft which has been grounded since 2018 after two crashes killing 349 persons, according to sources in the know.
Jet Airways (India) termed the allegation made by Nancy Heckerman of US-based aviation outfit that money raised by Jet through public offer was pumped into the market through the 'hawala' route as "baseless".
Jet Airways has filed an additional document in response to the objections raised against its proposal to start flight operations to the US later this month by an American company.
Airline to increase full-service flights as Kingfisher curtails operations.
Fourteen pilots and 31 cabin crew members have been found reporting for duty under the influence of alcohol till March this year, Civil Aviation Minister Ajit Singh said on Wednesday.
Jet Airways will reward passengers who book tickets on the airline's Web site www.jetairways.com.
Debt-ridden national carrier Air India tops a brand reputation survey.
Jet Airways and Kingfisher have shown interest to operate in the proposed airport in the industrial belt of Asansol-Durgapur region of West Bengal, Subrata Paul, chief executive officer of Bengal Aerotropolis Projects (BAPL) which is setting up the 10,000-crore airport city project, said.
After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received.
Over 70 per cent of Jet's fleet has been grounded, leading to massive cancellations.
The money is expected to be disbursed by the lenders consortium led by SBI after the Jet management submits an operational plan on how it intends to use the money till May 7.
The no-frills brand is poised for a big leap by debuting in some international routes as well.
All Indian carriers flew 60.22 lakh (6.02 million) passengers in May compared to 57.10 lakh (5.71 million) in April, while the January-May figure stood at 267.22 lakh (Rs 2.67 million) as against 260 lakh (2.6 million) in the same period last year recording a 2.78 per cent growth, latest official air traffic data showed.
The government on Monday allowed privately-owned Jet Airways and Air Sahara to fly to the Association of South East Asian Nations and raised the seat capacity of Indian Airlines and Air-India to these destinations.\n\n
The Bombay High Court on Monday upheld its earlier order which had ruled that Jet Airways was liable to pay the renegotiated amount of Rs 1,450 crore (Rs 14.50 billion) instead of the original determined price of Rs 2,000 crore for the purchase of Sahara Airlines (now Jetlite) in 2007.
Etihad last year picked up 24 per cent stake in Jet Airways
Airport sources said the Delhi-bound Jet Airways plane was taxiing on the runway at 0840 hrs when it stopped at the end moment. At the same time, the Chennai-bound Air India flight from Delhi was given landing permission by the Air Traffic Control (ATC).
Jet Airways says its expansion plans are not linked with the $400 million qualified institutional placement issue
India perhaps is the only market in the world where full-service and low-cost fares have become one.
An executive of a private airline said even though volume picked up, it will be difficult for airlines to make money as fares have remained low even during festive season.
Jet Airways and Kingfisher will operate an additional flight each from Delhi and Mumbai to Chandigarh, which is adjacent to Mohali.
A Coimbatore-bound Jet Airways plane with Union Home Minister P Chidambaram on board returned to the Chennai airport on Friday due to a technical problem that developed mid-air.The problem was detected while the flight was mid-air, following which it flew back to Chennai, airport officials said. Later, the passengers including Chidambaram were put on another Jet Airways flight which left for Coimbatore, they said.
The airline will deploy Airbus 330-200 aircraft for the purpose.
Jet Airways said on Tuesday its aggressive overseas and domestic expansion plans are not linked with the $400-million qualified institutional placement issue that provides cushion for buying more aircraft.
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