Jet Airways (India) Ltd on Friday launched its initial public offering of 1.72 crore (17.2 million) shares of Rs 10 each to raise up to Rs 1942.50 crore (Rs 19.42 billion) from the capital markets.
'I hope they all survive, but it is a tough world.' 'The carriers who are already established are already struggling.'
Such seats would be available on a pre-payment of Rs 500 per passenger on domestic flights and Rs 800 for international travel
Amid speculation that there was a price re-negotiation for Jet Airways taking over Air Sahara, officials of the two airlines on Thurs
Independent directors were supposed to safeguard the interest of all stakeholders.
Jet Airways launched direct flights from Delhi and Kolkata to Bangkok.
Jet Airways says its expansion plans are not linked with the $400 million qualified institutional placement issue
Jet Airways and Kingfisher will operate an additional flight each from Delhi and Mumbai to Chandigarh, which is adjacent to Mohali.
Jet said three of its aircraft were temporarily grounded for engine normalisation and are expected to rejoin scheduled operations on February 1.
India's duopoly in the domestic skies -- where IndiGo and Air India collectively control over 90 per cent of the market -- is highly skewed, leaving very little room for new players
A mix of financial and strategic mistakes combined with poor expectations of the management are the reasons for the downfall of Indian airlines. For Jet, the deathly potion was even more toxic on account of the bitter squabbles between promoter Naresh Goyal and strategic partner Etihad Airways.
According to the monthly traffic data for November, released by the Directorate General of Civil Aviation on Wednesday, IndiGo continues to lead the pack with a market share of 27.3 per cent.
The top executives who have put in their papers with immediate effect include Jet's chief executive officer (CEO) Vinay Dube, chief finance officer (CFO) and deputy CEO Amit Agarwal and company secretary Kuldeep Sharma.
Russian defence aerospace major Sukhoi is close to bagging its first civilian Indian client with its regional 60- to 90-seater jet Sukhoi Superjet 100.
Jet Airways said on Tuesday its aggressive overseas and domestic expansion plans are not linked with the $400-million qualified institutional placement issue that provides cushion for buying more aircraft.
would also take on board its strategic investment partner Etihad
Having lost their case in the Bombay High Court (HC) against deregistration of their union, Jet Airways pilots plan to go to an industrial tribunal.
Jet Airways had purchased a 2.5-acre plot from the Mumbai Metropolitan Region Development Authority in March 2008 for Rs 826 crore (Rs 8.26 billion) for developing its global headquarters. However, the airline did not go ahead with the plans and started negotiations to sell off the land.
Private airline Jet Airways is in talks with Lufthansa Group to float a wholly owned subsidiary for dedicated cargo operations.
The Civil Aviation Ministry has submitted replies to the CVC on a series of allegations raised by Nishikant Dubey against the deal and clarified all concerns raised by him, official sources said.
Jet Airways on Friday said its 24 per cent stake sale to the gulf carrier Etihad will bring down its debt to $1.5 billion from the current $2.1 billion.
A few days back Jet Airways discovered six passengers with false passport/travel documents on their flight, which landed in Brussels from New Delhi. They didn't detect their documents were false when they boarded the plane in New Delhi.
The septuagenarian, who turned teary-eyed, submitted that he misses his wife Anita very badly and said she is in the advanced stage of cancer, according to court records.
The airline will deploy Airbus 330-200 aircraft for the purpose.
The Regional Labour Commissioner (Central Region) has decided to mediate between Jet Airways and its pilots who have issued a strike notice to protest the airline's decision of not reinstating two terminated employees.
Last year, Jet Airways and Air France-KLM signed an enhanced cooperation agreement' for the development of their operations between Europe and India
Jet Airways is all set to spread its wings to Beijing, Milan and Paris within a year. The airline currently flies to London it is the market leader on this route with a robust share of 33 per cent and Brussels, which is also its second hub after Mumbai. Jet will be operating flights to Dubai from New Delhi and Mumbai. Taking on Air India's other strategic market, Goyal also announced the date for the launch of the airline's Mumbai-Shanghai-San Francisco flight.
The Director General (investigations and registrations) will issue a notice to Jet Airways shortly
After massive cancellations of Jet Airways flights during the five-day strike last week, the private carrier has seen a surge in the number of passengers that it has flown in the last three days - thanks to an aggressive discount of up to 50 per cent on some tickets on all its flights.
Three major domestic airlines on Friday announced revised fares, including those under the advance purchase schemes, following abolition of the Inland Air Travel Tax which amounted to 15 per cent of the total airfare.
Jet Airways on Thursday announced the appointment of Wolfgang Prock-Schauer as chief executive officer and Peter Luethi as chief operating officer with immediate effect.
Jet Airways group CEO Ravi Chaturvedi has resigned. Amid difficult times for the aviation industry, Jet Airways has cut three of its biggest loss-making international routes and plans to lease four wide-body Boeing 777 aircraft, besides phasing out three Boeing 737 planes.
Air India, Jet Airways and United fly to these airports from Mumbai and Delhi.
At least 95 per cent of Jet Airways employees will have to give their consent to the Kalrock-Jalan consortium's proposal or lose benefits offered to them under the revival plan. Voting on the consortium's offer for employees and workmen began on Monday and will go on till August 4. The National Company Law Tribunal cleared the consortium proposal to revive the airline on June 22. While Jet Airways had admitted claims of around Rs 15,000 crore, the consortium has offered to settle claims of Rs 475 crore of financial and non financial creditors.
Flights depart New York at 8:25 pm and arrive in Mumbai at 11:30 pm the following day. Return flights will leave Mumbai at 2:10 am and arrive in New York at 11:55 am the same day.
