Jet Airways India, which recently acquired Sahara Airlines, may come out with a public offering in the domestic and/or international markets.
The regular Indian skipper has been certified fit following a back injury, which kept him out of the first two Tests against Pakistan.
Acquiring Air Sahara will give Jet Airways the scale required to dominate the lucrative routes to West Asia and the United Kingdom.
Air Sahara on Friday announced the induction of 50-seater regional jet planes into its fleet as part of plans to spread its network into small towns and cities of the country.\n\n\n\n
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
About eight bidders are in the race to pick up stake in major private carrier Air Sahara, which has kept "all options open", including selling equity or strategic partnership, to fund its expansion plans.\n\n
Jet Airways Chairman Naresh Goyal said on Friday Air Sahara employees would not lose their jobs as a result of his company taking over the Lucknow-based airline.
Toeing the line taken by its competitors, including Indian Airlines, Air Sahara on Tuesday announced the launch of fare buckets while doing away with its advance purchase schemes, claiming that the new system would lower airfares by 20 to 70 per cent
Air Sahara on Monday announced the sale of 2006 Delhi-London return tickets at a very low Rs 10,000 on first-come, first-served basis
The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
Major domestic airlines on Wednesday said they were considering imposing a fuel surcharge and hiking air fares following the announcement of a Rs 1,600/kl rise in jet fuel prices from midnight on Wednesday.
In a bid to fill unutilised capacity, Air Sahara has announced a short-term scheme 'stand-by sixer' for six flight coupons to be purchased till November 15 for travel on any six sectors of the airline's route network.
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.
Private domestic airline Air Sahara said on Monday it would induct 12 aircraft this year, including seven Bombardier and five Boeing aircraft, at about $45 million to start new flights and add new destinations in the country.
'When his daughter's mother-in-law went to visit him, he did not use the office car to drop her home. Instead, he paid her taxi fare.'
American Airlines on Tuesday announced the launch of non-stop daily flights between Delhi and Chicago from November 15 in codeshare with Air Sahara. \n
Jet Airways on Tuesday said it would file a petition before the Supreme Court seeking transfer of all cases, relating to its failed takeover deal of Air Sahara, pending before the Bombay High Court and the Lucknow district court.
Meanwhile, efforts are being made to tow the aircraft to a remote bay and once that is accomplished, the airlines may take it to some place where the aircraft could be serviced, the sources said.
The two airlines are likely to begin their operations later this month after the DGCA approves their schedule for flight operations.
The Directorate of Revenue Intelligence has booked cases at Mumbai and Delhi against private airlines Jet Airways and Air Sahara for non-payment of customs duty, the Lok Sabha was informed on Friday.
Jet Airways, which has acquired Air Sahara for Rs 1,450 crore (Rs 14.5 billion), needs to shell out Rs 800 crore (Rs 8 billion) immediately to rejuvenate the loss-making airline and take charge of it.
The airline is offering a limited number of tickets, with the cheapest one coming at a 91 per cent discount provided passengers plan their travel 30 days or more in advance.
Jet has paid Rs 400 crore, which it was required to pay by April 20 to the promoters of Air Sahara. This marks the closure of the deal, company sources said.
Indian Airlines and Jet Airways on Friday revised the advance purchase fares in most of the sectors from next month.
Domestic airlines are keen to bring China into their network as the latter is set to become the country's top trade partner in the coming years.
The public sector carrier announced a new scheme -- 'Fly Select Fares' -- offering two levels of rates which were below the normal ones on select flights.
