Joining the low-fare war triggered by budget carrier SpiceJet last month, full service carrier Jet Airways on Tuesday announced special fares as low as Rs 2,250 for a single journey across its domestic network.
Justice D Y Chandrachud adjourned the case till January 19 after Jet and Sahara India Commercial Corporation Ltd pleaded for time to file additional affidavits.
Jet Airways on Monday awarded $750-million contract to a leading Singaporean firm for maintenance support to engines of its 67-strong Boeing-737 fleet over the next 10 years.
On Wednesday morning, the management sacked 5 more pilots, bringing the total number of those fired to 10.
Jet Airways on Friday challenged the jurisdiction of the district court in Lucknow which ordered freezing of the escrow account opened for its buyout of Air Sahara.
Air Sahra on Thursday filed a caveat at the Lucknow Bench of the Allahabad high court pleading that the company should be heard before any order is passed in the ongoing dispute over the transfer of management control to Jet Airways.
Flights to the UK and other European destinations of Air India, Jet Airways and Kingfisher Airlines remained cancelled for the sixth consecutive day today in the wake of huge clouds of volcanic ash emanating from Iceland.
Monoplies and Restrictive Trade Practices Commission is all set to give a go-ahead to the biggest aviation deal in India.
Jet Airways, SpiceJet, Kingfisher and other airlines have told the government that they would curtail services frequency and air routes to cut losses after oil companies raised the prices of aviation fuel.
Shares of Jet Airways on Monday soared by over 18 per cent to touch a one-year high level amid reports of talks between the airline and United Arab Emirates' Etihad Airways for stake sale.
The interim funding has not been forthcoming thus far, and as a result Jet has extended cancellation of international operations until April 18.
How the first FDI in aviation was achieved.
The DGCA has asked airlines to inspect the fuel switch locking system in their Boeing 787 and 737 planes after a preliminary probe report into the Air India crash found that the switches were cut off before the accident.
In a special gesture towards armed forces, Jet Airways has announced a 50 per cent discount on base fares for all serving and retired defence and paramilitary personnel and their families.
The initial public offering of Jet Airways on Friday received bids for 3.11 crore shares from investors against the issue size of 1.72 crore shares within few minutes of opening of bidding.
After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received.
The airline has daily flights from Mumbai and Delhi to Dubai. With the launch of the new flights, the carrier will have a total of four daily flights to Dubai from three Indian metros, it said in a statement.
Saroj Datta, executive director, Jet Airways, said capacity reduction was a way to beat the slowdown as air fares were stagnant. Last year, Jet had reduced capacity by 12 per cent. The airline would not reduce the number of aircraft as they were on lease, he said; keeping them idle would add to the company's financial woes. He also hinted at a substantial reduction in employee costs.
No immediate relief was in sight for Jet Airways, with an Arbitration Tribunal adjourning arguments of the airline as well its failed takeover target Air Sahara till April.
The ministry of corporate affairs has raised questions on Etihad's rights to nominate three directors on the board and, despite being a minority shareholder in the company, decide on the vice-chairman.
Jet will require short-haul Boeing 737s to feed the traffic to Abu Dhabi, Etihad's home base and hub.
Closely following Air Sahara, premier private carrier Jet Airways said on Friday that it was already "operationally equipped" to commence international operations and connect Indian metros with Sri Lanka.\n\n\n\n
Jet Airways' plan to raise funds from international institutional investors will come up for approval by the Foreign Investment Promotion Board this week.
Jet Airways on Tuesday announced the introduction of direct flights between London and Ahmedabad.
Jet Airways' $500-million deal to takeover Air Sahara got a boost on Monday with the home ministry giving security clearance to four Jet officials to be on the board of Air Sahara.
Jet Airways said on Thursday it will increase fuel surcharge by Rs 150 on both Club Premiere and Economy Class tickets on domestic routes, with effect from May 4.
Shares of Jet Airways on Wednesday tanked over 10 per cent in the morning trade as the airline has posted its highest-ever annual loss of Rs 4,129 crore (Rs 41.29 billion).
In the India-US sector, for instance, Air India operates 15 stopover flights between Mumbai and Chicago, and Mumbai and New York
Police said the Mumbai-based man identified as Clince Varghese, 26, and hailing from Thrissur district was an anchor of a popular music channel and he was detained for questioning along with his 27-year-old male friend. The two men were booked on the flight(9W 825) that was delayed by two hours following the incident, an airport official said.
Al-Nahayan wants govt assurance on protection of its foray, meets Anand Sharma.
Under the resolution plan, the lenders would end up having a sizable portion of shares in the airline, if their boards of directors agree to convert part of their debt into equity.
Fresh troubles are brewing for Jet-Etihad deal.
The main reason for setting up the facility is to avoid sending airframe maintenance work abroad and perform this labour intensive work at a comparatively lower cost in India.
Additionally, promoter Naresh Goyal and Etihad Airways, which owns a 24 per cent stake in the airline, will infuse around Rs 2,000 crore into the airline, sources aware of the development said.
Leading private airline Jet Airways has put on its board a director whose security clearance is still awaited, contrary to stipulated norms of Director General of Civil Aviation.
The summer schedule of airlines starts from March 29.
The Home Ministry has conveyed to the Department of Economic Affairs (DEA) that it has not given security clearance to the Abu Dhabi-based Etihad Airways' proposal to buy a 24 per cent stake in Jet Airways.
