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.
A Dubai-bound Jet Airways flight from Mumbai with 54 passengers and 7 crew onboard was on Thursday diverted to Oman capital Muscat following a bomb threat where it landed safely.
'Shouldn't the DGCA ensure both safety and convenience of passengers?' 'And convenience has been a casualty as nobody knows which Jet flight would be grounded next, throwing passengers' plans in disarray,' says Nivedita Mookerji.
'Shouldn't the DGCA ensure both safety and convenience of passengers?' 'And convenience has been a casualty as nobody knows which Jet flight would be grounded next, throwing passengers' plans in disarray,' says Nivedita Mookerji.
The flight to Mumbai was flagged off by the Indian ambassador to Belgium and the European Union Dipak Chatterjee from the Brussels national airport on Monday morning.
Sources said Sahara filed a case in the Bombay High Court a few days ago on non-payment of dues. According to sources, Jet was to pay Rs 900 crore to Sahara upfront, while Rs 137.5 crore was to be paid in yearly instalments over four years. Jet defaulted on the yearly instalment, they said. The source added that Jet's payout to Sahara in case of a single year's default could be Rs 550 crore.
The card provides customers an opportunity to maximise returns even while shopping for groceries or spending at restaurants.
The company's chief operating officer Capt Hameed Ali will be the acting CEO.
As and when Jet Airways applies for slots, these would be allocated among all airlines according to guidelines, without any claim of historicity in favour of any airline. Slots would be given to Jet only from the available remaining pool.
India will require 1,740 planes over the next 20 years.
"There was never a suggestion of Jet Airways having been warned of ever being barred from operating [in Canada] because of one or two illegal passengers on board our flights," said Chandrasekar Bala, general manager, Canada, Jet Airways. He was reacting to a recent front-page report in the Toronto Star.
'Passengers of the Jet Airways flight will be entitled for compensation for discomfort and trauma, but it may not be Rs 2 million in this incident.'
The move comes a day after an urgent meeting of lenders with Goyal and Etihad Airways chief executive officer Tony Douglas to resolve various issues between the two promoters as well as lenders and Etihad.
IndiGo continues to fly high as the top airline in India while crisis-hit SpiceJet has some good news.
A Kathmandu-bound Jet Airways flight with 111 people on board was on Monday halted minutes before take-off from the IGI Airport in New Delhi after a bomb threat.
Switching to a damage-control mode, bankers and government officials claimed that Jet Airways wouldn't fall even if Etihad refuses to back the resolution plan and exits.
Jet's advertising and that of most other airlines has been limited to new routes or promotional fares.
Jet Airways on Sunday denied having received any ultimatum from pilots that an agitation would be launched if the airline fails to offer by August 20 a time-bound plan to clear arrears stated to about Rs 100 crore (Rs 1 billion).
Jet Airways is venturing into the loyalty management business.
Jet Airways on Thursday said it would introduce more flights on both its domestic and international networks.
The new service 'Book My Meal', which is available on all of Jet Airways international flights, offers passengers a wide variety of meal options both in vegetarian and non-vegetarian categories.
Jet Airways, the country's top private carrier, could start its much-awaited US operations from August as the process of getting clearances from American authorities is moving on track.
Jet Airways India, which recently acquired Sahara Airlines, may come out with a public offering in the domestic and/or international markets.
Jet Airways on Monday became the country's first airline to introduce Internet check-in facility for its passengers.
Discounted tickets of Jet Airways are available for sale till Thursday
A day after Qantas sought to expand its presence in India by code-sharing with Jet Airways, the Singapore-based Jetstar Asia, a regional extension of Qantas, said it is also considering an alliance with the Indian carrier.
'I saw a passenger sitting next to me bleeding from nose'
"Tata Sons board is meeting tomorrow (Friday) to consider the proposal to bid for Jet Airways," people in the know of the development told PTI.
Karnik was mandated to oversee commercial and sales functions of the airline. He took over from Hameed Ali, who joined the airline's board.
A consortium of 26 lenders led by the SBI, with 51 per cent stake in the debt-trapped airline, has invited bids from potential suitors.
In another development, SBI Capital Markets, which had issued the expressions of interest on April 8, extended the deadline for submission of initial bids to April 12.
Rakesh Jhunjhunwala on Friday picked up 1.05 per cent stake in Jet Airways for Rs 50.5 crore.
Jet Airways has been hit by three top-level resignations ahead of its relaunch. The three senior executives who have resigned include Captains Niraj Chandan (head of flight safety), Vishesh Oberoi (head of operations) and Sorab Variava (head of training). These posts are critical and generally senior pilots are nominated for the roles.
Jet Airways HQ owner wants resolution professional to vacate premises. The licence for occupying the place has been terminated, on account of the airline having not paid the rent after March.
Extending its previous day's rally, shares of the company opened on a strong note and further gained 8.78 per cent to Rs 581.85 on the BSE.
As its promoters finalise a stake sale deal with Gulf carrier Etihad, labour unrest seems to be brewing in Jet Airways with its engineers wearing black bands to protest an alleged move to freeze salary hikes and the pilots deciding to meet on the same issue shortly.
An Alliance Air aircraft on Tuesday suffered "extensive" damage after a Jet Airways tarmac bus ferrying its crew rammed into the vacant stationary plane at the international airport in Kolkata.
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