Amid talks with Air Sahara for a possible takeover or strategic alliance, private carrier Jet Airways
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.
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
A note about hijackers and a bomb found in the toilet of a Mumbai-Delhi Jet Airways flight.
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
Jet Airways, which inducted the 42nd aircraft in its fleet, has urged the government to allow domestic private carriers to fly abroad and also carry out their own ground handling.
The delivery of nine Boeing 737-800s were scheduled between 2010 and 2012. These would now come in between 2012 and 2015.
Acquiring Air Sahara will give Jet Airways the scale required to dominate the lucrative routes to West Asia and the United Kingdom.
The airline, in a statement, said it will charge a passenger flat Rs 250 for every additional baggage.
After Air India and IndiGo, SpiceJet is the third carrier to cancel the ticket of the Lok Sabha member.
Jet Airways, caught in a legal battle with Air Sahara over the collapsed Rs 2,300 crore (Rs 23 billion) takeover deal, has claimed that its smaller rival was bound to return Rs 500 crore paid as advance within a week of termination of the pact.
Following in the footsteps of Indian Airlines, Jet Airways on Friday announced a $5 fuel surcharge on all international flights originating from India.
The American investment bank also upgraded the stocks of both these companies to 'buy' from 'underperform', saying improving industry trends such as signs of ticket price hikes and reduced capacity will improve profitability.
Private carrier Jet Airways on Monday said Ravi Chaturvedi has quit the company as Group CEO in March, ahead of his scheduled departure in June.
