'Boeing has returned some cash to the airline which will help it improve the current liquidity crisis.'
India will require 1,740 planes over the next 20 years.
Jet's air operator certificate will lapse on May 19.
The Boeing website lists the price of a Boeing 737-800 aircraft at $90.5 million.
More than five years ago on an April evening, cash-starved Jet Airways announced temporary grounding of operations after flying as a full service airline for 25 years. Since then, more than 20,000 jobs and money worth thousands of crores owed to lenders, vendors and passengers evaporated while awaiting an insolvency resolution. And today, the Supreme Court ordered the airline's liquidation, marking the formal completion of a turbulent journey into the sunset and shattering lean revival hopes.
Jet Airways, which is preparing to relaunch operations next year, on Friday said it is in "advanced discussions" with Boeing and Airbus for buying and leasing planes. The grounded airline has been acquired by Murarilal Jalan-Kalrock Capital consortium under the insolvency resolution process. The ongoing discussions are part of the grounded airline's revival plan approved by the Mumbai bench of the National Company Law Tribunal (NCLT), the airline said in a regulatory filing on Friday.
A Jet Airways Boeing 737 with 89 passengers on Thursday had a miraculous escape after it was involved in a near-collision with a formation of Sukhoi-30 Air Force fighter jets over the airport in Rajkot.
Jet Airways on Tuesday said it will buy 10 aircraft from US-based aerospace major Boeing to expand its international operations.
Jet Airways will operate flights with female cabin crew members in its start-up phase and hire male cabin crew members once it reaches a certain operational scale, the airline said on Sunday. It will be following the footsteps of Vistara, which had started hiring male cabin crew in March 2018, approximately three years after it was launched. Jet Airways, which has not flown since April 17, 2019, is currently in the process of re-launching operations under its new promoters Jalan-Kalrock Consortium. Aviation veteran Sanjiv Kapoor took charge as the chief executive officer of the airline on April 4.
Jet Airways conducted its test flight to and from the Hyderabad airport on Thursday in a step towards obtaining the air operator certificate. Jet Airways, which has not flown since April 17, 2019, is currently in the process of re-launching operations under its new promoters Jalan-Kalrock Consortium. On Thursday, the airline's CEO Sanjiv Kapoor said on Twitter that the test flight's operation was a very emotional moment "for all the wonderful folks who have been working hard to get Jet back in the skies".
Jet Airways requires at least 200 more pilots to carry out its operations in a seamless manner
As a part of Children's Day celebrations, Jet Airways operated its annual 'Flight of Fantasy' for over 80 underprivileged children.
In a path-breaking expansion bid, Jet Airways on Tuesday signed a deal with Airbus to buy ten A 330-200 and A 330-300 aircraft, with options to acquire ten more aircraft.
A European cargo airline has moved the National Company Law Tribunal seeking expeditious acquisition of three Jet Airways B777-300 aircraft. The application is by a Malta-based Ace Aviation VIII Limited, which emerged as a successful bidder in the auction of three Boeing 777-300ER aircraft. The firm is part of a Belgium-based cargo airline and its application will be heard on Wednesday.
An expat pilot with Jet Airways hurled "racist" comments at and assaulted a woman and also abused a physically challenged person on a flight, cricketer Harbhajan Singh claimed.
Jet has about 1,200 pilots operating Airbus, Boeing and ATR aircraft.
In another development, SBI Capital Markets, which had issued the expressions of interest on April 8, extended the deadline for submission of initial bids to April 12.
"Tata Sons board is meeting tomorrow (Friday) to consider the proposal to bid for Jet Airways," people in the know of the development told PTI.
A Delhi-bound Jet Airways aircraft carrying 139 persons skidded off a runway just before its take off from the Bangladesh capital on Monday, but no one was hurt in the accident.
Of 1,400 pilots the airline has, 200 have quit in the past few months because of salary delays.
'I saw a passenger sitting next to me bleeding from nose'
Jet Airways on Thursday said it would introduce more flights on both its domestic and international networks.
Jet Airways is in discussions with aircraft manufacturers and lessors to lease 6-8 planes, including some of those which were to be delivered to Russian carriers prior to the Ukraine war, as it gets ready for the relaunch, according to sources. Moreover, the airline is also negotiating with airport operators to secure slots with "good" timings, they said. Once a major player in the Indian aviation space, the carrier has not flown since April 17, 2019 and is being revived under the ownership of the Jalan-Kalrock consortium.
Pilots will strictly go by the roster and perform all "stabilised approach
Increases seats in the premium segment, scraps loss-making domestic flights
Jet's advertising and that of most other airlines has been limited to new routes or promotional fares.
A financial turnaround with the Etihad partnership and debt restructuring has not fully materialised.
Jet Airways is seeing a churn in its senior management ahead of its planned take-off this year. Sudhir Gaur, accountable manager and acting chief executive officer, is the latest to quit the company. Finance head M Shivakumar and head of management information system (MIS) Farazad Patrawalla moved out a few weeks earlier. Gaur had been part of the initial team selected by the Kalrock-Jalan consortium, which secured approval from the National Company Law Tribunal (NCLT) last June to revive the airline.
Airline pares capacity on routes like Mumbai-Delhi and Mumbai-Bengaluru on weekends, uses freed up slot at Mumbai to fly Amritsar, Patna, Varanasi
Total revenue dropped to Rs 5,406 crore in the first quarter of the current financial year from Rs 5,508 crore in the same period a year ago
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.
As part of cost reduction efforts, the full service carrier has asked its employees, including pilots, to take steep pay cuts
Kardassis, who quit the airline in 2013, will advise Goyal and senior management on cost-saving and productivity improvement
The consortium of UAE-based businessman Murari Lal Jalan and UK-based private equity fund Kalrock Capital is rushing to restart Jet Airways' operations, even though differences have emerged over who will fund expenses before operations commence, sources said. The airline applied to the Directorate General of Civil Aviation (DGCA) for recertification of its air operator certificate in the last week of January. The regulator is likely to inspect the airline's preparedness to operate a flight in the middle of this month, after which it will be asked to operate a proving flight to demonstrate its ability to conduct flights safely and in accordance with rules.
Six of these aircraft are currently on lease to Etihad Airways, set to start returning to Jetair's fleet in June
Jet Airways offers a huge packages toward arrears to pilots.
In these times of high losses, airlines are looking at multiple options to earn cash.
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