Jet Airways has been looking at various ways to raise funds amid acute liquidity crunch that has forced it to ground aircraft, cancel flights in large numbers, shutdown stations and delay salary payments to its pilots and engineers along with other senior staff.
Sources close to the development reveal that after hectic negotiations and several rounds of meetings, the choice of brand was a unanimous one.
Each aircraft will cost about $50 million and the purchase is being funded by the US-based Exim Bank. The airline operates 143 flights a week from Indian cities to 12 destinations in the Far East and West Asian countries. In its fourth year of operation, the international budget carrier now has 11 fully owned aircraft, while seven are on lease, which will expire in 2010.
The Opposition targeted Mann on Monday, alleging that he was deplaned from a Delhi-bound aircraft at the Frankfurt airport as he was drunk, a charge dismissed by the ruling Aam Aadmi Party as baseless.
The government is in the process of structuring a uniform performance-linked incentive scheme for Air India and Indian Airlines employees after the merger of the two airlines.
Singapore Airlines (SIA) is engaged in confidential talks with Tata Sons for merging Vistara with Air India, the flagship carrier of the Republic of Singapore informed the stock exchange in the Southeast Asian nation on Thursday in a first acknowledgement of a possible integration of the two airlines. "In line with its multi-hub strategy, SIA is currently in confidential discussions with the Tatas to explore a potential transaction in relation to the securities of Vistara and Air India. "The discussions seek to deepen the existing partnership between SIA and Tatas and may include a potential integration of Vistara and Air India," SIA said in a notification to the Singapore stock exchange. SIA owns 49 per cent stake in Vistara and is among the four airlines run by Tata Group.
The whereabouts of Mahinda Rajapaksa is being speculated since his resignation on Monday.
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.
Sources said the process has taken time because of a delay in leasing of aircraft. As per the original plan the aircraft were to be leased through GIFT City, Gujarat, but this is proving costlier than doing it offshore.
'My eyes were too small (to convey) expressions. I was too hairy. I did not have a great physique. (In this profession) you just keep on working on your minus points and try to improve yourself as much as you can.'
On November 26, an inebriated male passenger had urinated on a female co-passenger during a flight from New York to Delhi.
These are the four primary issues that have soured the relationship between SBI-led lenders and JKC and delayed the resumption of commercial flights by Jet Airways, once India's largest private airline, which went bankrupt in 2019. Over the past three years, the airline went through an insolvency process under which JKC's resolution plan was approved by a committee of creditors (lenders) and the National Company Law Tribunal (NCLT) in October 2020 and June 2021, respectively. But this didn't mean an end to the problems.
It is for the first time in the history of Independent India that not a single Muslim is part of the Union Cabinet.
The revised guidelines for international arrivals will be effective from November 22, according to the Union ministry of health and family welfare.
General Pande said the northern border region has been peaceful and steps have been taken to maintain peace through established protocol and existing mechanism.
The pilots and other senior staff have not been getting their full salaries since December.
MPs will, however, continue to enjoy facilities like being served tea, coffee and water for free at airports, have free access to the terminal building and enjoy reserved lounge facilities at international and domestic terminals
The government has developed an asset monetisation dashboard for monitoring real-time progress of its ambitious Rs 2.5 trillion-plus pipeline, and providing visibility to investors. The portal has been prepared as the government tries to provide a one-stop shop to investors keen on taking over assets of government departments and ministries.
'In investing, you have to first make sure you don't make big mistakes.' 'I would advise small investors to be systematic, don't be arbitrary; don't be on either end of the risk spectrum.' 'Don't go from fixed deposit to option trading or crypto trading.'
PIA management had signed an agreement with Saudi Airlines and Eithad Airways as well as private airlines, Air Blue and Shaheen Airlines, to facilitate travel by its passengers with confirmed bookings.
At the recently concluded Dubai airshow, Akasa, Rakesh Radheyshyam Jhunjhunwala's new airline, signed a $9 billion deal with American aircraft maker Boeing to buy its 737 MAX planes and a $4 billion one for engines with CFM, a joint venture between GE of the US and Safran of France. Unlike his financial doppelganger Warren Buffett, who divested billions from his airline stock portfolio at the start of the pandemic, Jhunjhunwala is wagering his billions in a brand new airline. The legendary investor bought a roughly 40 per cent stake in SNV Aviation in September, Akasa's holding company, started in March by three former Jet Airways colleagues. With aviation still to recover from its pandemic slump, the big question around his foray into domestic aviation, due to take off in summer 2022, is whether it is another pie in the sky.
The United States on Sunday shot down another unidentified airborne object in its airspace, a day after it brought down a similar 'cylindrical' object over Canada.
Verdicts paving the way for construction of a Ram Temple at Ayodhya and India's multi-billion dollar Rafale fighter jet deal with France were 2019's landmark imprints of the Supreme Court, which also found itself at the centre of a controversy with then Chief Justice of India Ranjan Gogoi being accused of sexual harassment before getting the clean chit.
Balasore district hospital looked like a war zone with the injured lying on stretchers in the corridor and rooms bursting at its seams with extra beds propped up.
Pakistan's national flag carrier on Thursday suspended flight operations to Afghanistan due to what it called "security concerns", hours after the Taliban government threatened to ban the airline unless it reduced the fare on the Kabul-Islamabad route to previous levels.
The petition said that acts of the Centre and DGCA were highly prejudicial to employees of the company who have been waiting to get paid for the last five months and have been looking forward to the resolution in bid process.
Jet fuel prices on Friday were hiked by 2 per cent - the seventh straight increase this year - to an all-time high, reflecting a surge in global energy prices. Aviation turbine fuel (ATF) - the fuel that helps aeroplanes fly - was hiked by Rs 2,258.54 per kilolitre, or 2 per cent, to Rs 1,12,924.83 per kl in the national capital, according to a price notification by state-owned fuel retailers. There was, however, no change in the price of petrol and diesel on Friday.
According to an air traffic controller at Jomsom Airport, they was an unconfirmed report about a loud noise reported in the Ghasa region of Jomsom, according to the Post report.
A SpiceJet official allegedly told some Jet pilots that they were doing a "charity" by hiring them.
In another tweet, Gandhi also expressed concern over frequent emergency landings of flights due to one snag or another at a time when domestic air fares have almost doubled.
'I want to thank the Prime Minister of India for supporting us'
Three evacuation flights from Romania's capital Bucharest and Hungary's capital Budapest came to India on Tuesday with 616 Indian nationals who were stranded in Ukraine due to the Russian military offensive, officials said.
Australia's Defence Ministry on Sunday claimed that a Chinese fighter jet's aggressive manoeuvres endangered an Australian reconnaissance plane near the South China Sea.
After the Russian aviation sector was hit by crippling Western sanctions for war against Ukraine, China refused to supply Russia with aircraft parts.
They say better late than never. For the Tatas, the original owners of Air India, bringing back the airline to its fold is worth the wait even if the attempt to privatise the bleeding national carrier by successive governments has taken over two decades. While many airlines have come and gone from the Indian skies since the time when the first move was made to privatise Air India to date, the salt-to-software conglomerate has never let the love affair with aviation, more so with Air India that its former chairman Jehangir Ratanji Dadabhoy Tata (JRD) had, to go off the radar. It is said that Tata group executives used to complain in private that JRD -- the pioneer of the Indian aviation industry -- spent more time worrying about Air India than the Tata group when he was heading both the entities.
'Other countries go out on a limb to save even a single life.' 'What to talk of civilian accidents and disasters, even our military does not have a priority for Combat Search and Rescue,' says Group Captain P I Muralidharan (retd).
It takes only two hours - roughly the time it takes for a plane to fly from Delhi to Mumbai - for a pair of pilots to complete their training on the 737 MAX simulator at Boeing's centre in Noida, the only one of its kind in India. Going by this estimate, all the 90 Spicejet pilots who the civil aviation regulator barred from flying the 737 MAX can be retrained in 90 hours.
An Air India plane that took off for Kyiv in Ukraine on Thursday morning to bring back Indians from the eastern European nation is returning to Delhi due to the closure of Ukrainian airspace amid the Russian military offensive.
The train crash happened near the Bahanaga Baazar station in Balasore district, about 250 km south of Kolkata and 170 km north of Bhubaneswar, around 7 pm on Friday, prompting the Railway Ministry to order a probe.
Squadron Leader Samir Abrol's brother Sushant, who brought back his older sibling's coffin draped in the Tricolour, tells Archana Masih why life will never be the same again.
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