Vistara is keen to take to global skies.
Jet Airways expects to return to profit in the next 18 months, following implementation of a new route network and fleet strategy and cost optimisation measures.
An overriding ambition to rule the domestic skies prevented Jet Airways from becoming a strong and formidable player in the international market. The Sahara buy added to the complexity of its operations and a dilution of what the airline stood for, says Anjuli Bhargava.
Konnect to be phased out as airline struggles to contain losses.
Jet's advertising and that of most other airlines has been limited to new routes or promotional fares.
Options include fresh capital infusion by the management and/or some new investors.
Some airline companies may be struggling to keep themselves afloat, but business for the aviation training industry is brisk, barring some exceptions.
After attacking the Jet-Etihad deal, Janata Party President Subramanian Swamy on Wednesday trained his guns on the Air Asia proposal to set up an Indian carrier, saying the FIPB clearance to it was "not legally valid".
Their salary arrears of 2011 runs in Rs 10 crore.
Non-uniform definition of control makes foreign investors wary, raise corporate governance issues.
Shares of Jet Airways on Wednesday tanked over 10 per cent in the morning trade as the airline has posted its highest-ever annual loss of Rs 4,129 crore (Rs 41.29 billion).
The April 2 Supreme Court order quashing the February 12, 2018 RBI circular (which ended all debt recast plans even on a one-day default) put paid to the resolution plan as banks were left with no leeway to restructure the loan and pay the promised Rs 1,500 crore interim funds.
A financial turnaround with the Etihad partnership and debt restructuring has not fully materialised.
Air India is keen to raise working capital by selling aircraft.
For debt-laden Jet Airways, bitter foe Tata may turn into timely saviour.
The IRP has admitted 33 claims from banks worth Rs 8,462 crore, and is verifying Rs 15,044-crore claims from operational creditors and staff.
The agreement received post-facto approval of the Union Cabinet at a meeting chaired by Prime Minister Manmohan Singh in New Delhi on Tuesday evening. The accord would allow the designated carriers of India and Abu Dhabi to have 50,000 seat-capacity each week.
The airline has failed to address fliers' fears and has been opaque about the allegations of tax and financial fraud, giving rise to apprehension that Jet Airways may be headed the Kingfisher way.
Following the market buzz, the stock opened the day on a bullish note and further jumped 6.13 per cent to Rs 590 on the Bombay Stock Exchange.
Shares of Jet Airways on Monday soared by over 18 per cent to touch a one-year high level amid reports of talks between the airline and United Arab Emirates' Etihad Airways for stake sale.
The United States and the United Kingdom, citing terrorism concerns, on Tuesday barred passengers on some international flights from mostly Muslim-majority countries, from carrying large electronic devices like cameras and laptops as cabin baggage.
Jet Airways -- which has been flying for 25 years - on Friday described reports that the airline cannot fly beyond 60 days as "incorrect and malicious" as well as denied any talks of stake sale.
May include 'influencing a company's major policy decisions' in the current meaning.
Jet Airways has been looking at various ways to raise funds amid acute liquidity crunch that has forced it to ground aircraft, cancel flights in large numbers, shutdown stations and delay salary payments to its pilots and engineers along with other senior staff.
IndiGo which has close to 40 per cent market share, at present has 129 aircraft and operates 883 daily flights to 44 destinations. It also has around 400 aircraft on order.
Unless Naresh Goyal pulls the proverbial rabbit out of his hat or reveals an unexpected ace of spades, the airline he built from scratch - many refer to it as "his baby" - may slip out of his grasp, says Anjuli Bhargava.
Vistara has a three-class configuration with business, premium economy and economy cabins.
These measures follow the Germanwings crash last month.
Defending its decision to raise the number of seats under the India-United Arab Emirates (UAE) air services pact, the Civil Aviation Ministry, in a note to the Cabinet Secretariat and key ministries, has said no additional points of call have been allowed to the Gulf country.
Qatar Airways might infuse $200 million in debt and equity in SpiceJet.
After four-odd years of focusing on reducing debt, the series of deals with Etihad could finally get it out of the spiral.
Though Vistara is not a low-cost carrier, it could benefit from the fact that the difference between the fares of LCCs and economy class of full-service carriers in India is minimal today.
No date has been announced for Air India's induction into the club of more than 28 leading carriers
Ajit Singh says will seek cabinet nod to scrap 5-year, 20 aircraft rule.
Naresh Goyal only gave an undertaking not to sell any of his 51% stake in return for raising working capital debt from PNB.
These special fares are a small gesture of appreciation from Emirates for its customers in India.
But its sales pitch will remain muted till India opens up more seats on the route
Jet Airways offers a huge packages toward arrears to pilots.
The daily service to the two cities will mark the seventh and eighth Indian destinations for the Airways, Akbar Al Baker, Chief Executive of Qatar Airways was quoted as saying by the Gulf News.
The company has finalised a three year business plan to increase revenue and control costs.
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