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.
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.
The Director General (investigations and registrations) will issue a notice to Jet Airways shortly
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.
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, just out of a pilots' strike, sprung a surprise by announcing a 50 per cent discount this week on its Economy Class fares on all domestic flights.
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.
Jet Airways is working on a plan that will entail a reduction in flight duty hours of its unconfirmed cabin crew (that will reduce their take-home salary), withdrawing some perks and downgrading entitlements like hotels as part of a package to reduce manpower costs. Perks on the block include a weight allowance (given to cabin crew if they maintain a certain body weight) and allowances for staying abroad amongst others.
Private carriers Jet Airways and Kingfisher owed over Rs 1,050 crore (Rs 10.50 billion) to the public sector oil marketing companies (OMCs) like Indian Oil, HPCL and BPCL towards the payment of jet-fuel bills as on November 15.
The airline intends to raise the money to meet its cash flow requirements and had got the shareholders' approval for the same on July 24.
Jet Airways' loss widened for FY15 on higher cost.
A year on, deal between the two airlines still to gather momentum, partly due to management problems at Jet.
SBI chairman Rajnish Kumar said Naresh Goyal would be eligible to bid for the airline when the lenders auction it next month.
The pilot applied the emergency brakes and the plane stopped on the runway itself.
The airline would leave Mumbai at 7.30 pm and arrive in Riyadh at 9.15 pm. The same plane would then leave Riyadh at 10.15 pm and arrive in Mumbai at 4.20 am.
The agreement would allow the travellers to fly United Airlines' trans-Atlantic flights from London to Chicago, Los Angeles, San Francisco, Denver and Washington and trans-Pacific flights from Hong Kong to Chicago and San Francisco.
Come mid-April, India's largest private airline, Jet Airways, will don a fresh look. The Naresh Goyal-promoted airline will have fresh internal and external livery for aircraft to reflect its new corporate image.
A special court in Mumbai on Monday rejected Jet Airways founder Naresh Goyal's applications seeking medical checkup by his personal doctor on regular basis and home-cooked food inside prison.
Supreme Court on Friday stayed proceedings on petitions filed by Jet Airways and Air Sahara against each other at Mumbai and Lucknow courts.
The five-day-old strike by Jet Airways pilots ended on Saturday night as the airline management and the agitators reached a settlement under which the four sacked pilots would be reinstated and a consultative group made up of the two sides formed to resolve all issues.
New Delhi's move is expected to encourage Beijing to grant long-pending clearance to Air India and Jet Airways to launch flights to Chinese cities of Guangzhou and Shanghai, respectively. Air India already operates to Shanghai.
These additional flights will complement the daily flight being operated between the two destinations by the airline, according to a press release.
An Air India spokesperson said AI 191 Mumbai-Newark and AI 101 Delhi-New York have been indefinitely delayed due to the hurricane. Passengers have been informed and transit passengers have been provided hotel accommodation in Delhi, the spokesperson said
More than a year after joining hands with Kingfisher Airlines, Jet Airways is still in talks with the Vijay Mallya-led carrier for code sharing and other initiatives to achieve operational synergies and reduce costs.
Private carrier Jet Airways has obtained security clearance from American authorities to fly to the United States.
Jet Airways Flight 225 to Chennai was grounded in Toronto on Monday after the police received a bomb threat. A report in Friday's National Post reveals that the police received an anonymous threat less than two hours before the Jet Airways Flight was scheduled to depart from the Pearson International Airport in Toronto.Though the investigators were aware that it might be a hoax threat, they decided to take no chances. Hence, the flight was grounded.
After getting the permit from China, Jet Airways plans to launch its Mumbai-Shanghai-San Francisco services from first week of June.Jet Airways is also carrying out talks with several Chinese carriers for partnerships to provide connectivity in the region, on the lines of the one it has with Brussels Airlines for onward journey to other European cities.
Liquor baron Vijay Mallya on Thursday said the acquisition of Air Sahara by Jet Airways was expected and it would not affect his Kingfisher airlines as it was doing "well".\n\n
At the end of September quarter, Tail Winds held 68,15,843 shares, equivalent to 7.89 per cent holding, of Jet Airways.
At least 10 flights of Jet Airways and its subsidiary out of Delhi were cancelled on Tuesday as a large number of pilots did not report to work in protest against sacking of two of their colleagues, a move described as "sabotage of operation" by the airlines.
Darwin Group has offered Rs 14,000-crore deal to the lenders for acquiring the grounded airline
Failure to meet this deadline would mean Jet would have to forfeit its security deposit. In March 2008, Jet Airways bought 3,44,000 sq mt of commercial plot for Rs 826 crore for developing its global headquarters in the central business district of Bandra-Kurla.
Jet Airways is planning to float a new entity - Transjet - to house all Air Sahara flights, operations and staff.
Crisis-hit Go First has sought various interim directions from the National Company Law Tribunal, including restraining lessors from taking back aircraft and regulator DGCA from taking any adverse action against the airline. The Wadia group-owned airline, which has liabilities worth Rs 11,463 crore, has sought voluntary insolvency resolution proceedings and the plea is set to be heard by the Delhi bench of the NCLT on Thursday. Go First has cancelled all its flights for three days starting from May 3.
Jet Airways Chairman Naresh Goyal will purchase over one per cent stake in the airline from another promoter entity, Tail Winds, for up to Rs 45 crore (Rs 450 million).
After snapping up Air Sahara in a $500-million deal, Jet Airways is likely to operate it as a wholly-owned subsidiary till regulatory and other clearances are granted to the acquisition process.
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