Kalrock Capital-Murari Lal Jalan combine has emerged as the frontrunner. A consortium of Imperial Capital and FSTC is the other bidder.
Pilots will strictly go by the roster and perform all "stabilised approach
According to the resolution plan, the airline is planning to start with six to seven aircraft on domestic routes and looking to restart international service within six months of resuming operations.
Private carrier Jet Airways is re-working a comprehensive profitability plan sought by its foreign partner Etihad Airways, which completed a 24 per cent stake purchase in the Naresh Goyal-led carrier recently.
With substantial number of employees having been with Jet Airways for around 20 years, getting another job is also not easy considering the age factor and the job market situation.
A Jet Airways flight from Mumbai to London, with more than 300 people, triggered a major scare when it lost contact with the Air Traffic Control after getting intercepted by German fighter jets. The flight then had to be escorted by German Air Force fighter planes before it landed.
Airline pares capacity on routes like Mumbai-Delhi and Mumbai-Bengaluru on weekends, uses freed up slot at Mumbai to fly Amritsar, Patna, Varanasi
Kardassis, who quit the airline in 2013, will advise Goyal and senior management on cost-saving and productivity improvement
Financial creditors shall submit their claims with proof by electronic means only, resolution professional Ashish Chhawchharia of Grant Thornton said in a public notice.
As part of cost reduction efforts, the full service carrier has asked its employees, including pilots, to take steep pay cuts
The pilots' flying privileges have been withdrawn for leaving the cockpit unattended and thereby jeopardising flight safety, a senior DGCA official said on Tuesday.
Six of these aircraft are currently on lease to Etihad Airways, set to start returning to Jetair's fleet in June
Two new airlines -- Al Hind Air and FlyExpress -- are set to take to the skies, with the carriers receiving their no objection certificates from the civil aviation ministry.
The launch saw plane seats displayed on a huge stage. Those seats 'are considered the world's most revolutionary and most luxurious airline seats -- designed exclusively for Jet Airways,' it was claimed.
Last year, Jet Airways and Air France-KLM signed an enhanced cooperation agreement' for the development of their operations between Europe and India
The owner of VSR Ventures, whose aircraft carrying Maharashtra Deputy Chief Minister Ajit Pawar crashed, suggests the pilot initiated a 'missed approach' due to poor visibility. The owner vouches for the pilot's experience and the aircraft's maintenance.
Of 1,400 pilots the airline has, 200 have quit in the past few months because of salary delays.
IndiGo's passenger load factor, at 67% in July, fell six percentage points from the same month last year.
The sudden massive cancellations of Jet have put travel agents and customers in jeopardy
If that happens, Jet Airways will be the first bankrupt airline which will be revived under the Insolvency process.
The pilots and other senior staff have not been getting their full salaries since December.
Jet Airways has complained to India's aviation regulator about the use of its livery on SpiceJet aircraft, saying the practice could "mislead the public" and is a safety hazard. Jet collapsed in 2019 and lessors repossessed its Boeing 737s. Some of these aircraft were leased to SpiceJet, which operates them without changing the livery. Jet, which is now being revived by the Kalrock Jalan consortium and aims to restart operations in September, has asked the Directorate General of Civil Aviation (DGCA) to ask SpiceJet to stop using its livery.
The government on Monday allowed privately-owned Jet Airways and Air Sahara to fly to the Association of South East Asian Nations and raised the seat capacity of Indian Airlines and Air-India to these destinations.\n\n
The airline has suspended its international operations till Monday.
Jet Airways CEO-designate Sanjiv Kapoor on Monday said the new management does not want to be "in a rush" to restart operations while asserting that the airline will be unique and different. The ownership transfer of the airline under the insolvency resolution plan is facing hurdles over differences between the winning bidder and lenders. "We don't want to be in a rush," Kapoor said.
New Delhi's move is expected to encourage Beijing to grant long-pending clearance to Air India and Jet Airways to launch flights to Chinese cities of Guangzhou and Shanghai, respectively. Air India already operates to Shanghai.
The flying licence of the two pilots was suspended and a probe launched into the accident.
Jet Airways is looking to lease around 20 Airbus A320 aircraft from lessors by 2024 as it aims to restart operations and fly international routes in the next one-and-a-half years. Jet's A320 aircraft fleet, according to sources, will be a mix of the Ceo and the more fuel-efficient Neo variants. These planes were originally intended for Russian airlines but could not be delivered following western sanctions on Russia over its Ukraine invasion.
Low-cost carrier SpiceJet Airlines, promoted by a group of investors led by the Kansagra family and Delhi-based Ajay Singh, is working on a plan to start international operations next year, making it the third private Indian carrier after Jet Airways and Kingfisher to fly overseas.
Jet and Etihad have already agreed upon a Rs 4,000-crore interim financing plan according to which Etihad will put in Rs 750 crore either on its own or from an offshore or onshore lender, and a matching amount will be provided by the Jet lenders.
'Now we will have real employees as the owner of the airline.'
Jet Airways is undergoing insolvency proceedings and at least three entities have put in initial bids for the carrier.
A day after Sahara Airways operated its inaugural international flight, Jet Airways on Tuesday launched its Chennai-Colombo services.
A source said that the lenders have proposed to change the management of the beleaguered air carrier as they feel it is not possible to run the company with present management.
DGCA has told the airline that only "air worthy" aircraft, which are completely fit for flying, should be used in operations.
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