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.
Private carrier Jet Airways, which is engaged in a legal battle with Sahara group over the failed deal to acquire Air Sahara, is understood to be holding discussions with the Sahara top brass for an out-of-court settlement.
Acquiring Air Sahara will give Jet Airways the scale required to dominate the lucrative routes to West Asia and the United Kingdom.
Amid talks with Air Sahara for a possible takeover or strategic alliance, private carrier Jet Airways
Major domestic airlines on Wednesday said they were considering imposing a fuel surcharge and hiking air fares following the announcement of a Rs 1,600/kl rise in jet fuel prices from midnight on Wednesday.
Jet Airways, caught in a legal battle with Air Sahara over the collapsed Rs 2,300 crore (Rs 23 billion) takeover deal, has claimed that its smaller rival was bound to return Rs 500 crore paid as advance within a week of termination of the pact.
Subsequent to a failed acquisition deal, Air Sahara, on Friday, filed a Rs 3,020 crore (Rs 30.2 billion) claim against Jet Airways for non-completion of the agreement.
The guidelines would also enable the proposed merger of national carriers Air-India and Indian.\n
What do you think about this takeover? Is Jet Airways set to monopolise the Indian aviation market? Do you think the tariffs will rise? What do you think? Tell us!
Jet Airways, which has acquired Air Sahara for Rs 1,450 crore (Rs 14.5 billion), needs to shell out Rs 800 crore (Rs 8 billion) immediately to rejuvenate the loss-making airline and take charge of it.
Low cost carrier Air Deccan will add Pune and Srinagar to its network on December 6, taking the total number of its destinations to 46 and making it the largest network provider in the country.
The aircraft had caused disruptions in Mumbai airport the past three days.
In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.
The government's contention was that Sahara Airlines Ltd (now JetLite) was promoting the real estate and housing business and area operations of Sahara India Commercial Corporation.
A district court on Friday deferred till July 29, the hearing on Air Sahara's petition regarding its failed takeover by Jet Airways and extended the interim order on freezing the escrow account opened for the purpose.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
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.
Ending the monopoly of government-owned airlines to fly abroad, the DGCA has initiated the process of allowing private carriers to launch overseas services by asking them to file their schedules and fares for operating to Colombo.
The airfare hike will come into effect from October 14.
Jet-Sahara deal: HC asks govt for documents
The two airlines are likely to begin their operations later this month after the DGCA approves their schedule for flight operations.
The 2025 Sony World Photography Awards has announced its National and Regional Award winners, celebrating talent from 56 countries.
The Director General (investigations and registrations) will issue a notice to Jet Airways shortly
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