The total amount of penal interests charged from the defaulting parties stood at about Rs 115 crore.
Strong passenger growth will help domestic airlines improve their top line and margins.
Jet is the largest player in the Mumbai airport, with over 110 domestic slots and 30 international slots from the city.
The airlines have waived charges for transport of relief cargo to Chennai.
Modi's 'UDAN' project faces fund crunch as too many airlines have come on board
A senior DGCA official said 23,403 departures per week have been finalised, covering 103 airports, which is 1.2 per cent higher than the 23,117 operated during the previous winter schedule.
To add aircraft, more services this year, even as full-service airlines hold their expansion plans.
SpiceJet on Wednesday said none of its stakeholders were interested in selling stake in the leading no-frills carrier now.
A day after budget carrier SpiceJet announced fares starting at Rs 499 across its domestic network, Jet Airways too jumped on the bandwagon rolling out Rs 500 fares for the economy class on its domestic flights for a limited period.
Maran's penchant for taking risks was visible last year again when he acquired Indian Premier League's Hyderabad cricket franchisee and named it Sun Risers.
Tata Group's takeover of loss-making national carrier Air India is most likely delayed by a month till January as the completion of procedures taking longer than expected, an official said on Monday. In October, the government accepted the highest bid made by a Tata Sons company for 100 per cent equity shares of Air India and Air India Express along with its 50 per cent stake in ground-handling company AISATS -- the first privatisation in 20 years. At that time, the government had stated that it wanted to complete the transactions, which included Tatas paying Rs 2,700 crore in cash, by December end.
Market estimates suggest the airline has already totted up Rs 1,800 crore of losses in FY20, and FY21 is expected to see losses in the region of Rs 2,500 crore to Rs 3,000 crore Many in the sector say that Vistara lacks the light-footedness of the airlines with which it competes, reports Anjuli Bhargava.
The Air Traffic Controller inadvertently gave instructions to one aircraft to continue taxiing through a particular taxiway mixing its location with that of another plane that led to a near collision at Delhi airport on Tuesday, according to the Airports Authority of India.
Civil aviation ministry to monitor flash sales and discount schemes: Source
Low-cost carriers SpiceJet and Indigo effected a cut last week, while Jet Airways and national carrier Air India followed this week. Industry sources said Kingfisher was evaluating a similar move from April.
Vistara and AirAsia India have been lobbying for the relaxation of this rule.
IndiGo retained its No. 1 position amongst domestic airlines growing its market share.
Domestic air traffic clocked slowest growth in 4 years on high fares and flight cancellations.
India's largest public sector bank State Bank of India (SBI) will support Tata group's bid for soon-to-be-privatised Air India by subscribing to Tata Sons debentures or funding the special purpose vehicle (SPV) set up by Tata Sons for the acquisition. Bankers said the credit rating of Tata group's holding company is "AAA" signifying high safety and a combination of Air India with its existing airline businesses would make it a formidable player - leading to a duopoly market with IndiGo. It would also open many business opportunities, including in the retail segment, an official said.
Amid turbulent times in the aviation space, top executives of listed carriers have seen their salaries coming down, with low-cost SpiceJet's Chief Executive Officer (CEO) taking the biggest cut.
A row had erupted after the Trinamool Congress alleged that the IndiGo aircraft carrying its chief Banerjee was not accorded priority in landing despite fuel shortage.
Typically, airlines offer discounts to companies committing a fixed business during the year.
A total of 17 pilots of Air India, IndiGo and Vistara died due to COVID-19 in May when the country saw the peak of the coronavirus pandemic's second wave, sources said on Thursday.
The issue of fog and low visibility primarily impacts airports in northern India and Bengaluru.
The move if implemented, will be a temporary measure to protect both consumers and airlines. A section of airline executives and experts, however, warned that any intervention in pricing would be counterproductive.
Aviation stocks - Jet Airways, Deccan Aviation, SpiceJet and Jagson Airlines - closed at their 52-week highs on the Bombay Stock Exchange on Tuesday in falling market. All the four stocks gained between 5 per cent and 20 per cent on Tuesday.
The team reached Dubai on Saturday after being held up for over two hours in the flight, of which close to one hour was mid air
The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets, ahead of the national airline's takeover by the Tata Group. The government had in October last year, inked the share purchase agreement with the Tata Group for the sale of national carrier Air India for Rs 18,000 crore. The Tata Group is expected to take full control of the airline, it founded in 1932, on Thursday. The cash component of the deal would come once the handover process is completed. The Tata Group would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
If that happens, Jet Airways will be the first bankrupt airline which will be revived under the Insolvency process.
No-frills carrier IndiGo's market share stood at 36.8 per cent in February while that of Jet Airways was 18.4 per cent.
Govt's decision to allow in-flight Wi-Fi doesn't take off with budget airlines, full-service carriers enthused
Private sector low cost airline SpiceJet has entered into a strategic tie-up with Hindustan Petroleum Corp Ltd to sell air-tickets through the latter's petrol stations.
Air India Express along with SpiceJet and Jet Airways is one of the three main targets for Boeing in the country as it promotes its new 737 MAX aircraft, which is scheduled to enter commercial operations in 2017.
Domestic air traffic in April this year consisted 10.99 million passengers as compared to 11.51 million passengers in the same month last year, signifying a fall of around 4.5 per cent,
Debt-ridden national carrier Air India tops a brand reputation survey.
When the move was first thought of it was at the behest of Jet Airways, IndiGo, SpiceJet and Air India. Only Vistara and AirAsia were opposing it as they were doing the poaching, says Anjuli Bhargava.
DGCA report shows IndiGo's continued dominance in market share with 30.7%, followed by SpiceJet at 20.9%.
Low-cost carrier SpiceJet on Friday announced the launch of its Delhi-Kolkata daily service from November 6 with a new Boeing 737-800 aircraft at substantially low fares.
The watchdog has also asked the airlines to ensure various requirements are complied with by engineering and maintenance personnel with respect to 737 MAX planes.
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