'No civilian deserves to live in fear. No civilian deserves to be caught up in a war which is destabilising the entire region.'
Indians returning from the Middle East share their experiences of fear and uncertainty as the conflict between the US, Israel, and Iran disrupts travel and daily life, leaving many stranded and facing financial strain.
Gulf carrier Etihad Airways on Thursday entered into an agreement with the Chennai Super Kings (CSK) to become its official sponsor.
He said permitting Etihad would not only amount to "certain demise of national carrier Air India" but also stunt the growth of the New Delhi international airport as a world-class hub for the South Asian region.
Describing the over Rs 2,000 crore (Rs 20 billion) business proposal between Jet and Etihad airlines as a win-win deal, Civil Aviation Minister Ajit Singh on Thursday said it will be beneficial for flyers.
'In the inspections, no issues were found with the said locking mechanism.'
The DGCA has asked airlines to inspect the fuel switch locking system in their Boeing 787 and 737 planes after a preliminary probe report into the Air India crash found that the switches were cut off before the accident.
Speaking at the 2013 CAPA Australia Pacific Aviation Summit held in Sydney, Abu Dhabi-based Etihad Airline's President and CEO James Hogan said, "We are delighted to welcome Air Serbia to our equity alliance, and look forward to receiving final approvals from regulators in India of our investment in Jet Airways," he added.
Jet Airways remains the number one airline serving foreign routes.
Tourists hesitant to visit America due to frequent policy changes there.
'The tone of the preliminary report creates a narrative towards pilot error. This is wrong.' 'Selected conversation has been divulged. It's not as if the pilots did not speak anything else in the cockpit.'
Etihad said it declined to lodge an EoI to reinvest in Jet Airways because of unresolved issues concerning the airline's liabilities.
Abu Dhabi-based Etihad Airlines has agreed to halve the number of directors on the Jet Airways Board to two posts under the Rs 2,058 crore deal, giving the Indian promoters 'effective control' of the carrier.
The subscriber count made JioHotstar one of the largest OTT platforms in the world.
SpiceJet's resurgence, once the new funding is in place, has the potential to disrupt the Indian aviation market in 2024 as the airline will bring its grounded aircraft back to service and lease as many planes as possible to be competitively relevant, aviation consultancy firm Capa India said on Thursday. "Although the market for procuring aircraft in 2024 is exceptionally tight, we expect that SpiceJet will bring stored aircraft back into operations, and will wet or dry lease as much capacity as possible, in order to be competitively relevant. "This will have a material impact on the industry structure, and possibly on domestic profitability," Capa India said in its report.
But the Abu Dhabi-based airline would first bolster its own network with traffic from India before Jet's turnaround.
Etihad said it would not participate in the rights issue or infuse fresh funds under the current terms and conditions of the resolution plan
The New Delhi district authorities on Monday issued a show-cause notice to Etihad Airways for allegedly violating the Centre's guidelines for international passenger arrivals at the IGI airport here, amid concerns over the Omicron variant of coronavirus.
The lenders are offering 31.2-75 per cent stake in the company on a fully diluted basis.
Etihad is the fourth airline to operate the super jumbo aircraft to India.
Ahead of a crucial meeting next week, the Foreign Investment Promotion Board is scrutinising the commercial cooperation agreement between Jet Airways and Etihad Airways to ensure control is not passed on to the Abu Dhabi-based airline.
Etihad has high hopes from Jet Airways deal in which it bought out majority stake in 2013.
The Abu Dhabi carrier seeks assurances following setbacks for several Gulf investors in India.
Hogan questioned the claims of the airlines campaigning against Etihad.
Sources close to the deal say, besides a higher stake (earlier, the negotiations were on for sale of up to 24 per cent), Etihad has asked for its representation on the board of the Indian airline, in sync with its shareholding.
Etihad wants to control a domestic carrier that can give it access to over 45 cities in India from where it can bring traffic to its hub in Abu Dhabi and beyond.
The resolution plan has to be put to work this month itself. Jet has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
Besides expanding the equity base of the premier Indian carrier, a major reason for Goyal to dilute part of his shareholding in Jet from 80 per cent has been the FIPB order to bring it down to regulatory levels.
Etihad earns about 23 per cent of its passenger revenue from code-share and equity partners, and this would increase after its tie-up with Jet.
Concerns over effective control not addressed in the second revised shareholders' agreement, says DIPP; Sebi opposes commercial cooperation pact
The move will help Jet Airways strengthen its subsidiary JetLite's performance.
Changes being driven by Etihad, says a source, after a V-P quits
Growth rates in traditional markets are slowing and airlines need to reshape their networks.
Alert: Urgent! Cabin crew (female) wanted for Etihad Airways.
The deal is being looked into by Competition Commission of India and Securities and Exchange Board of India among other regulators.
Abu Dhabi is no longer exclusive hub for Jet, Etihad won't recommend candidates for Jet management.
The next FIPB meeting slated for July 5, however, does not have a Jet proposal on its agenda.
Making India a pivot of its growth, UAE's national airline Etihad Airways will launch new flights to Kochi and Thiruvananthapuram, as its two new destinations, and introduce three new flights to Delhi.
How the first FDI in aviation was achieved.
Emirates has been voted as the world's best airline in 2016 by travellers around the world.
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