Shailesh Singh, 45, jumped off the terrace of his four-storeyed building in Nalasopara East on Friday afternoon.
'The actual amount due to Jet Airways employees is Rs 1,200 crore, and the management is giving only Rs 52 crore.'
In the biggest aviation takeover in India, Jet Airways has struck a deal to buy Sahara Airlines for Rs 2,300 crore (Rs 23 billion), a move that would help Naresh Goyal promoted carrier to become the biggest domestic carrier.
All India Jet Airways' Officers and Staff Association on Thursday said it has filed an appeal before the NCLAT against Jalan-Kalrock consortium's resolution plan for the airline. In October 2020, the airline's Committee of Creditors (CoC) approved the resolution plan submitted by the consortium of the UK's Kalrock Capital and the UAE-based entrepreneur Murari Lal Jalan. The plan was later cleared by the Mumbai bench of the National Company Law Tribunal (NCLT).
Agarwal submitted the express of interest through his family investment arm Volcan Investments before the close of the bid process on Saturday afternoon.
With jet fuel prices hiked by 2.5 per cent, Jet Airways on Friday increased fuel surcharge on its tickets by Rs 200 with effect from tomorrow, raising airfares.
India's top private carrier Jet Airways has reportedly been warned by the Canadian authorities that dozens of their passengers from India are arriving at Toronto's Pearson Airport with fake travel documents.
The carrier had failed to provide accurate information on a tarmac delay.
Lenders of debt-ridden Jet Airways on Tuesday filed an appeal in the National Company Law Appellate Tribunal (NCLAT) against implementation of the resolution plan by the Jalan-Kalrock consortium, according to sources. The sources said the lenders have maintained that the condition precedent mentioned in the resolution plan of the consortium has not been met. And therefore, the plan is not valid. "The lenders want the plan to be circled back to the committee of creditors (CoC) for fresh consideration," the sources said.
A court in Mumbai on Thursday remanded Jet Airways founder Naresh Goyal to 14-day judicial custody in a money laundering case linked to an alleged fraud of Rs 538 crore at the Canara Bank. The Enforcement Directorate (ED) arrested Goyal on September 1 under the Prevention of Money Laundering Act (PMLA) following a long session of questioning at the central agency's office in Mumbai.
No deal has been signed between Air Sahara and Jet Airways, but discussions are on for a strategic alliance between the two private carriers.
This special fare offer will be available for sale from August 10 to 14 and for travel between September 10 and April 14 next year.
His vision for Jet Airways is to operate the carrier as a full-service airline, both domestic and international.
A part of the land, measuring 532 square metres, was rented out to a transport company and he used the rest of it as an approach road to enter a transport godown, Superintendent of Police Akash Tomar said.
According to media reports, Jet Airways had announced a staggering 50-per cent cut in its basic fares across all domestic routes following a dip in the passenger load factor and fuel prices. The cut in basic fares would be applicable to all domestic routes undertaken by Jet and its low-cost arm, JetLite, the reports added.
The company is offering a million tickets at 25% discount, valid for travel between June 15-October 15
A Jet Airways employees' union has moved court for liquidation amid continued differences between lenders and the Kalrock-Jalan consortium over the revival of the grounded airline. Last month, the consortium had made an application to the National Company Law Tribunal (NCLT) seeking control of the airline. The consortium said it has fulfilled all the conditions according to the plan and said banks should initiate steps to hand the company over to them.
Silk Air with a score of 54.1 was adjudged the best airline in this category. Air Iceland (51.3), SriLankan Airlines (47.2), and Dragon Air (45.5) were adjudged to be the third, fourth and fifth best carriers in the category.
In a first code sharing agreement between Indian and Japanese airlines, Jet Airways has partnered Tokyo-based ANA to commence operations on the Mumbai-Tokyo route from next month.Jet Airways, which currently operates a fleet of 81 aircraft, and ANA, which carries 50 million passengers a year, "will commence a code sharing and network-wide reciprocal frequent flier partnership effective May 21, 2008, subject to regulatory approval", an official release said.
'The government has assured us support.' 'The civil aviation ministry have told us that whatever we need, we will get prime airport slots and bilateral rights.'
Brookfield Asset Management will pay around Rs 29,000 per square foot for the 170,000 square feet of space in Jet Airways' two-floor office in Bandra Kurla Complex.
Jet Airways will be able to take to the skies once again, after aviation regulator DGCA on Friday granted it a revalidated air operator certificate, allowing the airline to resume commercial flight operations.
Two associations representing pilots and engineers have written to SBI chairman Rajnish Kumar proposing that they would take over the airline and can bring in up to Rs 7,000 crore.
Jet Airways has convened a board meeting on Friday, May 23, which is expected to consider the future of executive director Saroj K Datta, who, sources said, may exit the airline after May 31. Chairman Naresh Goyal, who was in Mumbai last week, reportedly discussed the issue with Datta, a veteran of over 46 years in the airline industry.
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.
Extending support to agitating Jet Airways pilots, eight major trade unions have asked the airline management to take back the two pilots it had sacked and recognise the National Aviators Guild, which is spearheading the stir.
Jet Airways has placed a $300 million order with US aeroengine major GE for supplying engines to power the Mumbai-based airline's Airbus A 330-200 fleet.
Currently, Etihad has 24 per cent shareholding in Jet Airways
Cites high valuations as reason for exit.
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.
Airline denies sacking, says it is recruiting to meet its operational needs
The Boeing website lists the price of a Boeing 737-800 aircraft at $90.5 million.
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.
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.
With this, the total number of aircraft taken out of operations due to cash crunch in the airline and its subsequent failure to pay rentals to various lessors has gone up to 21 so far.
Jet Airways scrip on Thursday ended nearly 11 per cent higher after the company announced plans to sell 24 per cent equity to Etihad Airways for about Rs 2,058 crore.
Airline sources said Goyal, who had stepped down as chairman of the carrier last month, has withdrawn his bid for the airline.
After a highly volatile trading day, the scrip skyrocketed 93.35 per cent to close at Rs 64 on the BSE, helped by robust fag end buying.
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