Expanding its wings in the international skies, leading carrier Jet Airways on Wednesday entered into a codeshare agreement with Australia's Qantas and said it would start flights to the US by next year.
The Jet plane was on the taxiway when the follow-me-up vehicle saw a fire in the left engine of the aircraft.The pilot was told to hold and shut the engine, they said.
Jet Air boss Naresh Goyal wants everyone to try his airline's superior service -- and he wants his breakfast on time.
The incident took place this Monday, when the aircraft was in over the Iran-Pakistan airspace, and was 2.45 hours away from its destination, an airline source said on Wednesday.
The Naresh Goyal-promoted private airline, in which UAE national carrier Etihad holds 24 per cent stake, is facing acute cash crunch after posting two back-to back quarterly losses this year.
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.
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.
Jet Airways has announced the induction of the state-of-the-art Airbus A330-200 aircraft into its fleet. \n
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.
Vistara and AirAsia India have been lobbying for the relaxation of this rule.
Increases seats in the premium segment, scraps loss-making domestic flights
CCI's ruling came on a complaint filed by Express Industry Council of India.
Jet Airways had to shut down its no-frills subsidiary JetKonnect after the latter failed to perform.
The lenders are offering 31.2-75 per cent stake in the company on a fully diluted basis.
A financial turnaround with the Etihad partnership and debt restructuring has not fully materialised.
A senior pilot had allegedly slapped a female commander during the flight and following the incident the two were grounded by the airline.
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.
Pilots will strictly go by the roster and perform all "stabilised approach
All the airline's guests will travel on Thursday to Amsterdam in 15 buses and will be accommodated there in hotels.
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.
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.
Jet Airways made a stand-alone profit of Rs 87.5 crore (Rs 875 million).
Easing competitive pressure, rising ticket prices offer respite from high fuel costs and effects of weak rupee.
The liquidity crunch in global markets following the crisis in the US sub-prime mortgage business has prompted Jet Airways to postpone its $ 400 million rights issue to finance the airline's aircraft acquisition by two or three months.
Kalrock Capital-Murari Lal Jalan combine has emerged as the frontrunner. A consortium of Imperial Capital and FSTC is the other bidder.
Jet said a resolution plan that contemplates various options, including proportion of equity infusion by various stakeholders and the consequent change in the company's board, is being worked out.
The assurance to pilots came after a meeting between the two sides at the airline's headquarters in Mumbai on Wednesday, airline sources told PTI on Tuesday evening.
A committee of creditors had, in October, approved of the resolution plan submitted by UAE businessman Murari Lal Jalan and Kalrock Capital.
A Mangaluru-bound Jet Airways flight with 65 passengers and four crew members on board on Wednesday returned to the Bengaluru airport shortly after departure as smoke was detected in the cabin.
The top-level exodus at Naresh Goyal-promoted Jet Airways continued on Friday, with chief financial officer and acting CEO Ravishankar Gopalakrishnan quitting.
"We are considering operating to Paris, Amsterdam, Rome, some places in Germany and other parts of continental Europe. Shanghai and Beijing are also being looked at. We have applied to the Civil Aviation Ministry for traffic rights (to these destinations). We are hopeful of getting approvals soon", Jet Chairman Naresh Goyal said.
While Jet Airways continues to fly high with a dominating presence among airlines in India, it also leads in the number of passenger complaints.
Jet Airways, the largest domestic airline, will merge its no-frills brands JetLite and Jet Konnect and operate under the brand name of the latter.
Airline pares capacity on routes like Mumbai-Delhi and Mumbai-Bengaluru on weekends, uses freed up slot at Mumbai to fly Amritsar, Patna, Varanasi
The agitation, which saw almost 400 pilots affiliated to NAG going on sick leave protesting dismissal of their colleagues and saw cancellation of 280 flights on Saturday, is expected to end soon with the pilots poised to resuming duty almost immediately.
The airline now has a total of 1,120 pilots of whom 88 are foreign pilots.
The Gulf carrier could pay up to $330 million for a 24 percent stake.
After a meeting of banks on Friday on ways to make funds available immediately, a source in the know said lenders other than SBI and Punjab National Bank had not come on board so far to chip in with their funds.
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
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