Three months after joining the budget carrier JetLite, Finnish CEO Maunu von Lueders plans to quit the organization at a time when its parent Jet Airways intends to merge the back-end operations to cut costs.
Following the market buzz, the stock opened the day on a bullish note and further jumped 6.13 per cent to Rs 590 on the Bombay Stock Exchange.
Jet Airways, India's largest privately-owned airline, has approached the US Exim Bank and European export credit agencies to reschedule a $2 billion loan (Rs 10,000-crore) loan that was raised to buy 27 Boeing and eight Airbus aircraft.
India's largest private carrier Jet Airways said on Tuesday it expects to more than double its revenues to $3 billion in the next three years. The company on Monday announced its total income rose over 26 per cent to Rs 2,254.17 crore (Rs 22.54 billion) in the second quarter this fiscal from Rs 1,787.33 crore (Rs 17.87 billion) during the same period last fiscal.
The aviation sector is upbeat, with Jet Airways and SpiceJet recording profits in the quarter ended June and foreign institutional investors (FIIs) increasing their stakes in all the three listed carriers Jet Airways, Kingfisher Airlines and SpiceJet.
A note about hijackers and a bomb found in the toilet of a Mumbai-Delhi Jet Airways flight.
In a midair scare, a Guwahati-bound Jet Airways aircraft from Delhi with about 130 passengers and crew on board was on Thursday caught in severe turbulence, which the airline claimed was caused by a passing Boeing 747 jumbo.
SpiceJet announced discounted fares on domestic sector.
The Leader of the Aviation Industry Employees Guild, George Abraham was also present at the meeting. The four pilots sacked by the management will be taken back and resume duties while the Registrar of Trade Unions will take a decision on the status of the National Aviators Guild (NAG) spearheading the stir, according to aviation sources.
In the season of aviation action, Rakesh Jhunjhunwala-backed Akasa Air has secured the crucial no-objection certificate (NoC) from the civil aviation ministry. It expects to start operations next summer. The airline will now have to apply for the Directorate General of Civil Aviation for operations permit. Aviation sector has been in the limelight with the Tata Group winning the Air India bid last week.
Amid talks with Air Sahara for a possible takeover or strategic alliance, private carrier Jet Airways
Jet Airways, the country's top private airline, will launch its long-planned maiden flight to the US via Belgium by July-August this year
After Air India and IndiGo, SpiceJet is the third carrier to cancel the ticket of the Lok Sabha member.
The unions also suggested banks can extend special and exclusive loans to the airline to pay the salary dues or some subsistence payments to them against proper collateral.
Jet Airways is planning to introduce six flights a week from Mumbai to Newark in the United States from mid-June and aims to step up its daily flights to 21 services a week from India to Singapore in its winter schedule.
Following on the footsteps of Indian Airlines, two leading private carriers Jet Airways and Air Sahara on Monday announced increase in fares in all sectors by 12 per cent from April 15.
Life Insurance Corporation has sanctioned Rs 400 crore (Rs 4 billion) loan to Jet Airways for fleet acquisition, Minister of State for Finance S S Palanimanickam said on Tuesday.
The guidelines would also enable the proposed merger of national carriers Air-India and Indian.\n
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