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 Gulf carrier could pay up to $330 million for a 24 percent stake.
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
State Bank of India on Monday invited bids from strategic as well as financial bidders for stake sale in ailing Jet Airways, and the bids have to be submitted by April 10, said a public notice.
A consortium - comprising Imperial Capital, Flight Simulation Technique Centre, and Big Charter - have placed a bid for Jet, while the other consortium is led by Kalorck Capital.
Jet Airways Ltd said on Friday it made a profit in the June quarter compared to a loss in the year-ago period, helped by a drop in fuel expenses.
Jet Airways' management may not able to implement the pay cut it wanted in lieu of retaining 800 retrenched employees. That's because the Shiv Sena has now got into the act after the breakaway Maharashtra Navnirman Sena's prominent supporting role to retrenched employees.
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.
Jet Airways on Tuesday said it will buy 10 aircraft from US-based aerospace major Boeing to expand its international operations.
A day after budget carrier SpiceJet announced fares starting at Rs 499 across its domestic network, Jet Airways too jumped on the bandwagon rolling out Rs 500 fares for the economy class on its domestic flights for a limited period.
The airline in a statement attributed the decision to slash salaries to developments in the market, including the Gulf region.
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.
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 settled higher by 2.35 per cent at Rs 623.40 on the Bombay Stock Exchange.
Kardassis, who quit the airline in 2013, will advise Goyal and senior management on cost-saving and productivity improvement
Jet Airways on Thursday blamed a steep fall in the rupee, slowdown in the domestic aviation market and rise in fuel costs for a sharp widening in standalone net loss at Rs 891 crore in the July-September quarter.
Jet Airways India Ltd on Wednesday reported a net profit of Rs 95.34 crore (Rs 953.4 million) for the quarter ended June 30,2005 as compared to Rs 51.96 crore (Rs 519.6 million) for the corresponding quarter in 2004-05. \n
It will continue to operate to Newark International Airport.
At her witty best, the television actress-turned-politician also said that thanks to that rejection, she got a job at McDonald's and the "rest is history".
Despite adding no new aircraft, Jet Airways saw more departures during the year, it flew more people, and achieved a higher load
Jet will, however, continue to pay the sale-linked productivity bonus to them.
As part of cost reduction efforts, the full service carrier has asked its employees, including pilots, to take steep pay cuts
Revenues declined to Rs 3,921.92 crore.
Shares of Jet Airways on Friday tanked nearly 6 per cent, eroding Rs 282 crore from its market capitalisation amid investor concerns whether its stake-sale deal with the Abu-Dhabi based carrier Etihad would materialise.
Six of these aircraft are currently on lease to Etihad Airways, set to start returning to Jetair's fleet in June
Financial creditors shall submit their claims with proof by electronic means only, resolution professional Ashish Chhawchharia of Grant Thornton said in a public notice.
In a late surge on Thursday, Jet Airways shares soared 9.7 per cent to close at Rs 408.5 on the Bombay Stock Exchange on speculation the airline's promoters had initiated talks to sell stake in the company.
To introduce 'Guest First' programme to attract corporate customers; its market share and load factor lower than rivals
Jet Airways, IndiGo have gained market shares as SpiceJet cancels flights.
Jet is losing money fast, beset by high costs, low fares and cut-throat competition in its domestic market.
The total income of the airline also rose to Rs 2,877.17 crore.
With its current cover set to expire on April 16, Jet Airways is seeking a cover of around $5.5 billion from the government-owned Oriental Insurance.
The Jet deal would be the first foreign investment into India's aviation market.
Passengers can book the combined plane-train journey as a single ticket.
Surinder Pratap, whose Twitter handle carried the tweet, was neither detained nor arrested by Jaipur police since it said no case was registered against him in the city.
Jet Airways returns to profit after seven straight quarterly losses
Jet Airways has clocked a net profit of Rs 53 crore (Rs 530 million) in the fourth quarter of 2008-09.The private air carrier had posted a loss of Rs 221 crore (Rs 2.21 billion) in the year-ago period.
Aircraft reconfiguration and Kingfisher's slide help the airline consolidate its top spot, but widening losses and IndiGo's rapid rise are big concerns.
India's largest private carrier Jet Airways will report a full-year loss for 2007-08 fiscal and break even only in the financial year ending next March, said its chairman Naresh Goyal. Earlier in January, Jet Airways had reported a net loss of Rs 91.12 crore (Rs 911 million) for the quarter ended December 31, 2007 as against net profit of Rs 40.04 crore (Rs 400 million) for the year-ago period. Goyal expects Jet Airways to break even in the current fiscal, ending Mar 31, 09.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances