Shares of Jet Airways on Wednesday surged nearly 20 per cent amid reports that some headway has been made in the deal between the Indian carrier and the Abu Dhabi-based carrier Etihad.
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.
Jazeera Airways started flying to India 18 months ago, servicing Ahmadabad, Delhi, Hyderabad, Kochi and Mumbai.
Kalrock Capital-Murari Lal Jalan combine has emerged as the frontrunner. A consortium of Imperial Capital and FSTC is the other bidder.
This special fare offer will be available for sale from August 10 to 14 and for travel between September 10 and April 14 next year.
Alert: Urgent! Cabin crew (female) wanted for Etihad Airways.
A Nepalese private plane crashed and caught fire shortly after taking off from the Tribhuvan International Airport in Kathmandu on Wednesday, killing 18 people aboard, including a child, and seriously injuring the pilot -- the only survivor.
The resolution plan has to be put to work this month itself. Jet has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
Paramount Airways claims to have a break even, as other Indian carriers are facing losses.
The agency filed its affidavit in response to Goyal's habeas corpus (produce the person) petition in which he claimed he was illegally arrested by the ED in the case.
Currently, Etihad has 24 per cent shareholding in Jet Airways
A consortium - comprising Imperial Capital, Flight Simulation Technique Centre, and Big Charter - have placed a bid for Jet, while the other consortium is led by Kalorck Capital.
The value of the Indian Premier League went up 6.5 per cent to USD 16.4 billion (around Rs 134,858 crore) in 2024, according to a report by American investment bank Houlihan Lokey.
Old-timers say Jet boss Naresh Goyal, although still razor sharp, doesn't have the same energy he once did and this reflects in his 'baby'.
This will enhance business and leisure travel between the UAE and Canada and feed passengers onto each other's flight networks.
The company is offering a million tickets at 25% discount, valid for travel between June 15-October 15
British Airways covers over 150 destinations in 75 countries while in India the carrier operates 49 flights a week from London's Heathrow airport to Mumbai, New Delhi, Chennai, Bengaluru and Hyderabad.
The carrier had failed to provide accurate information on a tarmac delay.
The Naresh Goyal-promoted private airline, in which UAE national carrier Etihad holds 24 per cent stake, is facing acute cash crunch after posting two back-to back quarterly losses this year.
Air India (AI)'s rise could be at the expense of three "super-connector" hubs - Doha in Qatar, and Dubai and Abu Dhabi in the UAE - as the Indian passenger would any day prefer direct flights of their national airline that is providing excellent on-time service, Arved von zur Muehlen, chief commercial officer of Saudia Airlines, said on Thursday.
The company's chief operating officer Capt Hameed Ali will be the acting CEO.
Airports across the country witnessed chaotic scenes on Friday after dozens of flights were either delayed or cancelled after a widespread global computer outage that also hit operations like cash withdrawal at some banks, and impacted functioning of some brokerages. Globally, the Microsoft cloud outage led to US airlines cancelling flights, but the tech giant later reportedly said its cloud services outage in the Central US region has been resolved.
The Doha-based airline operates across 145 business and leisure destinations spanning over the Middle East, Asia Pacific, Africa, North America and South America with a fleet of 139 aircraft.
State Bank of India on Monday invited bids from strategic as well as financial bidders for stake sale in ailing Jet Airways, and the bids have to be submitted by April 10, said a public notice.
The bureaucrat has alleged that another Indian family was also offloaded as they offered biscuits to the child to console him.
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.
Jet Airways scrip on Thursday ended nearly 11 per cent higher after the company announced plans to sell 24 per cent equity to Etihad Airways for about Rs 2,058 crore.
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.
Jet said a resolution plan that contemplates various options, including proportion of equity infusion by various stakeholders and the consequent change in the company's board, is being worked out.
India will require 1,740 planes over the next 20 years.
Jet's advertising and that of most other airlines has been limited to new routes or promotional fares.
The Enforcement Directorate on Wednesday said it has attached in London, Dubai and India assets worth Rs 538 crore of Jet Airways founder Naresh Goyal, his family members and companies as part of a money laundering investigation linked to an alleged bank loan fraud. The attached properties include 17 residential flats, bungalows and commercial premises. Located in London, Dubai and various cities in India, these properties are in the name of various companies like Jetair Private Limited and Jet Enterprises Private Limited, Goyal, his wife Anita, and son Nivaan, the central agency said in a statement.
The daily flights will be operated by a Boeing 777-200 in a three class configuration offering, flat beds in Club World, World Traveller plus and World Traveller seats.
Jet Airways -- which has been flying for 25 years - on Friday described reports that the airline cannot fly beyond 60 days as "incorrect and malicious" as well as denied any talks of stake sale.
The government is examining alleged financial irregularities, sources of funding and other aspects of Jet Airways, the Lok Sabha was informed on Friday.
Airline denies sacking, says it is recruiting to meet its operational needs
The Boeing website lists the price of a Boeing 737-800 aircraft at $90.5 million.
Etihad earns about 23 per cent of its passenger revenue from code-share and equity partners, and this would increase after its tie-up with Jet.
Financial creditors shall submit their claims with proof by electronic means only, resolution professional Ashish Chhawchharia of Grant Thornton said in a public notice.
The airline has been laying off cabin crew starting from April 30 and 30-50 employees are being given pink slips almost on a daily basis, an industry source said.
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