The unions also suggested banks can extend special and exclusive loans to the airline to pay the salary dues or some subsistence payments to them against proper collateral.
The unions opposed any move to force banks to lend more money to the airline, saying Naresh Goyal is still the promoter and major shareholder with 51 per cent stake and it is his headache to run the company or sell it to someone.
Jet has proactively undertaken certain operational adjustments to its flight schedule, keeping in mind the likely, yet interim non-availability of some aircraft in its fleet in the foreseeable future.
India's private airliner Jet Airways will begin its five-day a week flight to Toronto from Delhi, via Brussels, from September 5, a company release said.
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Jet Airways will begin flights from Toronto to Delhi in August on a route that Air Canada has discontinued from this month. Jet Airways (India) Ltd will begin five flights a week from Toronto through Brussels, destined for New Delhi from August 23.
This year the Pitru Paksha fortnight runs from September 9-24 and will end with the start of Navratri.
Air-India (A-I) chairman and managing director Vasudevan Thulasidas and Jet Airways chairman Naresh Goyal have a common agenda: to get their airlines among Asia's top five by 2010 in terms of size and service.
Taking a step forward in its $500 million deal to snap up Air Sahara, Jet Airways on Thursday announced it had reached an understanding with the other airline to provide consultancy support to improve its performance in various fields.
Jet Airways Chairman Naresh Goyal said this price represents a 40 per cent discount to the originally agreed price.
After snapping up Air Sahara in a $500-million deal, Jet Airways is likely to operate it as a wholly-owned subsidiary till regulatory and other clearances are granted to the acquisition process.
The long-standing dispute over Jet Airways buying out Air Sahara appears to be heading for a solution with the arbitration panel set to give its final order on Wednesday.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
The travel agents have demanded refunds for customers
The government on Tuesday told the Rajya Sabha that it has not received any formal proposal for merger of Sahara Airlines with Jet Airways, leading to protests by Left members who asked the minister to clarify on the matter.
The Bombay High Court on Monday adjourned for next Thursday, hearing on an arbitration petition filed by private carrier Jet Airways in connection with the collapsed deal to takeover rival Air Sahara.
The Director General (investigations and registrations) will issue a notice to Jet Airways shortly
56-year-old Goyal was presented the award for his outstanding performance in making Jet Airways one of the world's best and fastest growing airlines.
Jet Airways launched direct flights from Delhi and Kolkata to Bangkok.
Jet Airways on Tuesday said it would file a petition before the Supreme Court seeking transfer of all cases, relating to its failed takeover deal of Air Sahara, pending before the Bombay High Court and the Lucknow district court.
Airline stocks were seen soaring high on Wednesday fuelled by reports that merger plan of Jet Airways and Air Sahara was about to fall apart, even as market analysts said failure of the deal would benefit Jet.
Amidst speculation that liquor baron Vijay Mallya will take 100 per cent stake in Air Sahara, Kingfisher Airlines has kick started an advertising campaign to catch privileged passengers of its rival airline.
Amid speculation that there was a price re-negotiation for Jet Airways taking over Air Sahara, officials of the two airlines on Thurs
The Foreign Investment Promotion Board (FIPB) on Friday deferred a decision on Rs 2,000-crore (Rs 20 billion) Jet-Etihad deal, the largest foreign investment in the Indian aviation sector, and sought clarity on control and ownership.
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The change in ownership is necessary to conform to the government's foreign direct investment norms in aviation.
Supreme Court on Friday stayed proceedings on petitions filed by Jet Airways and Air Sahara against each other at Mumbai and Lucknow courts.
Air Sahara on Wednesday filed a caveat in the Supreme Court to prevent Jet Airways from getting an ex-parte order on its transfer petition, which is likely to be filed on the same day.
Bids to be evaluated according to guidelines by the civil aviation ministry, following which a buyer will be selected. Transfer of control to the buyer to be effected by June-end.
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