While the airline is accommodating passengers on available flights, this is resulting in extending travel time and detour for customers.
The airline is sitting on a debt pile of over Rs 8,200 crore and has defaulted thrice since January, including on some forex debt.
Kardassis, who quit the airline in 2013, will advise Goyal and senior management on cost-saving and productivity improvement
Jet will, however, continue to pay the sale-linked productivity bonus to them.
Right from the early days of liberalisation, there have been political controversies surrounding several cases that landed on the FIPB table and which, in turn, have often led to court battles.
Even as its senior executives are reported to be in Abu Dhabi to further negotiate with Etihad on the proposed stake sale to the Gulf carrier, Jet Airways engineers are on a "go-slow" mode following the failure of talks over wage hike and arrears, sources said.
Karnik was mandated to oversee commercial and sales functions of the airline. He took over from Hameed Ali, who joined the airline's board.
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The Boeing website lists the price of a Boeing 737-800 aircraft at $90.5 million.
Lured by fatty pay packages and "better" work conditions, flag carrier Air India's pilots are taking a flight to the Gulf airlines leading to a severe shortage of commanders.
No reason was cited for rescheduling of the meeting.
With oil prices in a free fall, the airline is looking at regaining some of its lost share.
'Now we will have real employees as the owner of the airline.'
There are only three entities left in the fray now - Russian Fund Treasury RA Partners, Panama-based investment firm Avantulo Group and South American conglomerate Synergy Group Corp.
'There will be no flying unless the company pays us substantial salaries and provides a road map,' the National Aviators Guild, the pilots union, said in a message to its members.
Likely to rake up the issue of open offer exemption.
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Among the other conditions of the Hinduja group for picking up a stake in Jet is that bankers must take a haircut of 80 per cent and that they should help negotiate with operational creditors like aircraft lessors for moratorium on certain immediate payments.
A combined 7.82 million shares representing 36% of free float equity of the private airliner have changed hands on BSE and NSE till 1500 hours.
In 2017, 60 million passengers flew between India and the UAE, the largest overseas air travel market from India.
"The central government had rescued other businesses by re-structuring debts to the tune of Rs 30,000-40,000 crore. Compared to this, the amount (debt) of Jet Airways was much smaller. Moreover there was a resolution (accepted) by the lenders to save jobs and to save the airline," Sharma said.
Jet Airways, part-owned by Abu Dhabi's Etihad, reported its biggest-ever quarterly loss as costs jumped and it took a charge on its investment in a subsidiary.
Rediff photographer-cum-correspondent Rajesh Karkera was the ultimate fly on the wall throughout the five days at Lakme Fashion Week Winter Fest 2016.
The travel ban will come into effect from 11.59 pm on Saturday, April 24, and is subject to review after 10 days.
Jet Airways on Thursday said it would introduce more flights on both its domestic and international networks.
'Parts of Pad Man look like a Vicco Turmeric commercial, parts of it look like a Tourism Ad and parts of it like a commercial for Etihad Airlines. But almost all of it, unmistakably, sounds like one big town-hall message,' says Sreehari Nair.
Jet Airways Ltd said on Friday it made a profit in the June quarter compared to a loss in the year-ago period, helped by a drop in fuel expenses.
After the August 10 deadline, South American conglomerate Synergy Group Corp reportedly evinced interest in the airline, forcing the RP to seek lenders' nod to extend the deadline to August 31. The Synergy Group owns a majority in Colombian carrier Avianca Holdings, which has a codeshare partnership with the state-run Air India.
Ajit Singh represented a bridge between a constituency that represented a more traditional era in politics and a modern, forward-looking, India, remembers Aditi Phadnis.
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).
IndiGo is facing acute shortage of commanders amid aggressive expansion of its fleet. The carrier has more than 210 planes in its fleet.
Fifteen of these pilots are expatriates who were hired for flying the Boeing 787 Dreamliners till Air India's crew got trained.
Banks want government to retain 40 per cent of Jet slots at all airports to ensure a new owner can kick-start operations soon after taking over.
The airlines is in talks with Oman Air and Etihad.
The pilots and other senior staff have not been getting their full salaries since December.
Last October, the national carrier sold five planes of the same type to Etihad Airways for about $350 million.
Signs of financial stress were visible when the airline reported a loss of Rs 10.40 billion.
The appointment followed the resignation of Nikos Kardassis on June 7 after he served two terms as CEO between 1993-1999 and again from October 2009 till May 2013.
Jet Airways' loss widened for FY15 on higher cost.
United, American snap code share deals, in compliance with US regulator's ruling
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